before i dig myself into that Bar By Bar thread, ....... i just want your quick recommendation if I should read Al Brook's book "Reading Price Charts Bar by Bar" (2009). usually alot of nonsense in threads so i tend to avoid after it had gone past 8 pages or more and the main topic degenerated. but i like to hear your opinion about the book. thanks.
this girl knows her stuff. I say we keep her around here. Whadduya say fellas.. A vote yes or no!!. I say yes, lets let her stick around...... Excellent post NoDoji, as usual EF
what ever you are comfortable with. I would not recommend Oil or Gold if you are just starting out. The swings can be ferocious. Trade something deep and fluid. EF
Everything works until it doesn't including price action, s&r, moeny management,you name it. I know a couple very successful fund managers who pay a lot of attention to overbought/oversold conditions. But that it not the only thing they pay attention to and this is the key. Their final decisions take into account a multitude of indicators and methods and more importantly experience.
There are plenty of vendors out there willing to sell you the perfect indicator! Just ask them! I was lucky enough to get in on the last of a very limited run of the PinkyBlue System, created by Pinky of Pinky and the Brain (short on pinky, buy on bluey). http://imageshack.us/photo/my-images/713/pbw.png/ Fortunately, there are a zillion vendors out there, but the only ones that are worth anything start by asking you about the health of your kidneys....
Don't use or rely on indicators. Trade a naked chart with intraday support and resistance, it's all you need. It's old school and it works. Period.