Price Action Confirmation

Discussion in 'Trading' started by larrybf, Aug 12, 2003.

  1. there are always great ideas and insights discussed in elite trader , most notably some real good divergence threads. i have stated looking at divergence actively as a result of the good info ... BUT ..... i have one thing that i feel needs to be stressed....as great as indicators and systems look...... never trade a trade until the price action confirms it...ok sure it keeps me out of good trades but more importantly it almost always keeps me ot of trades that afterwards look to be just DUMB.,..... ANYWAY... JUST MY TWO CENTS