Party's Over, It's Time to Sell.

Discussion in 'Trading' started by schizo, Dec 29, 2024.

  1. schizo

    schizo

    Double entendre? Clever nonetheless. Lol
     
    #121     Jan 8, 2025
    HawaiianIceberg likes this.
  2. #122     Jan 8, 2025
  3. Sekiyo

    Sekiyo

    I wouldn’t mind betting against anyone :D
    Anyone but the master, the tape !
     
    #123     Jan 8, 2025
    TrailerParkTed and schizo like this.
  4. schizo

    schizo

    Well, that makes me next in line to actual price then. Thanks for the honor. :)

    Speaking of which, that's how it should be when trading. Just let the damn price guide your trading action. None of those weird laggy squiggly lines.
     
    #124     Jan 8, 2025
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  5. ironchef

    ironchef

    Not even red & green candles? Without them how can I tell if price is going up or coming down?o_O
     
    #125     Jan 9, 2025
  6. schizo

    schizo

    That's a crazy proposition. I have no idea how you're able to reach that conclusion. Just when did I object to using past prices (eg. red and green candles)? If you neglect past prices in your trading, you're seriously flawed IMO.

    What I'm objecting is the dependence on technical indicators. Since they are derivatives of price, they will always lag behind price. Also, if your trading decision is dependent on these indicators, will you still be able to trade if you're no longer able to access them (for whatever reason)? Probably not.
     
    #126     Jan 9, 2025
    NoahA likes this.
  7. ironchef

    ironchef

    What is your definition of price action?

    Not trying to give you a hard time, just want your expert opinion because I found different people has different ideas of what it is.

    Thank you in advance.
     
    #127     Jan 9, 2025
    schizo likes this.
  8. schizo

    schizo

    Just a clean naked chart with no technical indicators of any sort. You base your trading decisions solely on price movements, be they patterns, strength/weakness or whatnot.
     
    #128     Jan 9, 2025
    ironchef likes this.
  9. ironchef

    ironchef

    Thanks.
     
    #129     Jan 9, 2025
  10. That's nothing. Old timerz took their prices out of the paper and put them down on their own graph, once a week!
     
    #130     Jan 9, 2025