Trade on nothing but price action

Discussion in 'Strategy Building' started by LivermoreRisen, Mar 29, 2005.

  1. The most recent action on the DOM in futures is not the best for price action readers (scalpers). I start new traders out with nothing but a T&S window and the DOM. No charts or other distractions. They have all progress from being able to make small money that way to incorporating charts for more confirmation of where they stand on the map of what has happened. It is definitely possible to make money on price action. One can do better when volume is incorporated. When volatility is up, I hardly ever look at a chart.

    My 2 cents on the subject...
     
    #21     May 11, 2005