A thread dedicated to price action and no indicators.
- I’m teaching a method of trading.
- At the expense of sounding arrogant I’m generally not looking for suggestions or improvements. If you’re a profitable PA trader then perhaps. But if your still in the learning process and finding your way to profitable trading then by all means come and learn.
- If you comment please put up a chart.
- If you disagree with my position then put up a chart to counter. I will be wrong often and in this way I may learn from you.
- I don’t care about indicators. It doesn’t bother me if you have them on your chart but if you tell me I’m wrong because your indicator says so then sorry. I have nothing to say about it.
- I trade 3 min and 20 minute charts. So your charts should be relatively close in time period to mine. If you say my 3 min trade is wrong because I’m trading against your daily trend then please…save it.
- My posts will contain live charts and I will almost always post my trades live as pending orders. I do take some market trades so sometimes the post will after I’ve entered.
- I will keep cherry picking to a minimum and in general will do this to help with learning the method.
- Finally I don’t use MTF analysis at all. I trade the chart/time frame in front of me and I don’t look for PA on a lower time frame to justify entry on a higher time frame. IMHO this is why many traders fail.
1/20: Sadly I’ve already attracted a parasite and need to make the following statement: I’ve started this thread because this is the “Trading System” category. This method does have some discretionary aspects to it but it is a system or method I intend to present over a period of time and will present new concepts as they become pertinent. I will do so with live charts and live trades and will keep cherry picked historical charts to a minimum. Being a purely technical trader I don’t engage in multi time frame analysis and I almost completely ignore fundamental analysis. That being said I tend to stay out of the market during NFP and other red flag events.
I appreciate sincere questions about this system/method but respectfully I’m not interested in your particular system or method of trading. So I would appreciate if you keep your fundies, indis and our own system/method to yourself and/or your own thread.
I present here a system/method that works for me. It may not work for you.