Stochastics

I think that's just something based on physics. But correct me if im wrong.

 

The proof is in the pudding. You cannot calculate momentum without price so there is no way momentum can be ahead of price.

 

I agree. I know many very fine price action traders. All they trade is price. Then I know some very fine traders that use indicator.

Trading is a personal thing. What really counts is finding what works for you.

Im a big fan of your thread. Again that's for sharing


Goinglilte

 

I agree with you on that one. Use whatever makes you profitable and is within your style.

 

Of course price is in the equation, but if price is rising, the first thing that "falls" is momentum.

 

Oh God. Good trading to you. I'm gone.

 

Oh, oh, I think I just committed blasphemy

But if im wrong, I stand corrected

I don't trade momentum anyway


Goinglite

 

HG, Going was correct - you make a good contribution and honest debate using examples to show why one technique is better than another is something we can all benefit from.

I have posted on your thread, in the past I have used P&F and welcome another look at it. What I have is better in my mind but I will revisit this technique to see if I can extract something that improves my edge.

But correct me if I am wrong. Show me two identical P&F set ups and why you expected a different outcome from them. That's where momentum and sentiment indicators score big time. Volume scores. I'd like to see how naked traders are preprepared, not so I can say, hahaha, are you stupid, but so I can learn and improve.

I have 20 yrs trading experience and used many different techniques and have evolved my own unique methods. Naked trading is excellent and I recommend every trader learns it. But it has limitations, as do indicators. Putting the two together is the best of both worlds.

HG, at the start of your thread you explain that you were not able to make indicators work and P&F was the answer for you. I was on the same path until I made some discoveries that out performed P&F. Simple as that... it my edge.

So show 2 P&F set ups, exactly the same, and why you'd be ready for a different outcome before the move completes.

As for those who are attracted to this thread to criticise, you have nothing to say if you can't demonstrate why you are superior. We will all bow down and kiss your ass when you demonstrate superior technique.

 

OK I will post one more time in this thread.


The reason why many people are against indicators is because EVERY indicator is based on the same data. the high, the low, the close, and /or volume.

They are all derivatives of the same thing.

There are NO indicators that can preceed price. Price determines every indicator. You can make your own special indicators but it will still be based on the same data. Can indicators work? Of course they can but if you can read price you don't need indicators. If you can't read price you do. That is not an embarrassment that you can't read price. As long as you can trade with what you have that is great.

EVERY INDICATOR NO MATTER WHAT IT IS, LAGS PRICE.

 

I trade setups that are consistent 75 to 80% of the time. Why would I be concerned with setups that could change before the move is completed.

I showed three es trades today. they were the only three trades I took. One I had the opportunity to call in real time. Two were the exact same set up, and both worked. All three were profitable. I didn't know volume. I didn't know stochastics. I didn't no momentum. I didn't know macd. How is that possible? I know people that have done it for years.