Who are good pure price action traders that are still active in ET? I have read the old excellent threads (from 2007/2008) by anek, stealth trader and sussanaDT but they I believe are long gone. Does anyone know if stealth trader is still active in other fourms or perhaps here under a different name? Thanks
I think NoDoji is the reigning queen of price action here today. Best I can tell she doesn't do volume. And only minimal indicators.
well, I seem to prefer not so much chart patterns of price like head and shoulders etc, but just looking at HH, HL and to some extent S/R. I like stealth traders plain and simple price action reading method. so if the price is making hh, hl is an uptrend and the first lh or ll is start of chop. I believe stealth trader credits you proflogic in showing him the value of volume based charts. Thanks
thanks for the heads up, NoDoji 4000+ posts, damn volume charts I think are pretty cool, much better than time based charts.
IMHO - Price Action is simply the fluid movement of price as it is shown and oscillates inside each specific chart increment. The smoother the fluid movement the easier it is to read and thus easier to trade. This is why people that try volume charts love them so much. There is nothing artificial about them and nothing calculated. They are purely price and volume contained in a static bar. The HH, HL, LL & LH oscillations contained in those charts are easily recognized, read and traded. Here is the swing Aussy Dollar futures chart for the last 3 months as an example, not cherry picked because it is a fluid amount of time. The buy, sell, exit, profit and loss labels are computer generated and labeled in real time as well.
I use PA. If the P goes up I buy. If the P goes down I sell. This can also be given as: Buy High and Sell Higher Sell Low and Buy Lower or The Trend is your Friend (except at the end when it bends. Ed Seykota) Don't bend the Trend Don't Fight the Trend or Never add to a loosing trade Don't sell on a bullish day and don't buy on a bearish day In a bullish market buy on dips and in a bearish market sell on rallies pessimism is your friend, euphoria the enemy. Buffet It is vain to do with more what can be done with less. William of Occam All courses of action are risky, so prudence is not in avoiding danger (itâs impossible), but calculating risk and acting decisively. Make mistakes of ambition and not mistakes of sloth. Develop the strength to do bold things, not the strength to suffer. Niccolo Machiavelli If you must play, decide on three things at the start: the rules of the game, the stakes, and the quitting time. Chinese Proverb Fish see the bait, but not the hook; men see the profit, but not the peril. Chinese Proverb Action may not always bring happiness, but there is no happiness without action. Benjamin Disraeli Anyone who lives within their means suffers from a lack of imagination. Oscar Wilde Itâs lonely at the top. Ninety-eight percent of the people in this world are convinced they are incapable of achieving great things. So they aim for the mediocre. The level of competition is thus fiercest for ârealisticâ and âmediocreâ goals, paradoxically making them the most time and energy-consuming, and the most difficult to achieve. Do not overestimate the competition and underestimate yourself. Unreasonable and âunrealisticâ goals are easier to achieve than you think. Timothy Ferriss P.S. Found more: It is not ours to be bullish or bearish, but to be right. Jesse Livermore A traderâs job description is stunningly simple: donât lose money. Richard Donchian
Define it as you like, ProfIllogic. This IS ET. Nobody knows any better. But the current maven of price action, Al Brooks, don't say nuttin' 'bout bowelume. So don't all the udder auteurs listed providently on Amazin. No disrespect to you distended.