Dear Seniors,
Im a firm believe in price action, almost detest indicator-dependent TA. Half the world seems to use RSI etc as gospel. [Is the price in a band all the time with its swing-period = yr RSI period ? ... aagh!!!!]
Is there any forum / thread where TA is done in exclusion of indicators ? ie Price/Volume action alone -
> candle by candle (daily)
> swing by swing (elliotts)
> Price pattern (keeping in mind elliott context)
> S/R levels.
> Fibs
Basically looking for an interactive thread but without RSI, MACD, MFI, Momentum indicator (ugh!) etc.
In dire need.... pls advice
Thanks.
Reason for posting in the advanced section :
The understanding of price and trading on price seems more an exception than a rule. Just like you cant teach a computer to drive a car, there is no mathematical indicator one needs use, just price action, understand the traffic, know the rules, you'll find yourself driving pretty well.
Im a firm believe in price action, almost detest indicator-dependent TA. Half the world seems to use RSI etc as gospel. [Is the price in a band all the time with its swing-period = yr RSI period ? ... aagh!!!!]
Is there any forum / thread where TA is done in exclusion of indicators ? ie Price/Volume action alone -
> candle by candle (daily)
> swing by swing (elliotts)
> Price pattern (keeping in mind elliott context)
> S/R levels.
> Fibs
Basically looking for an interactive thread but without RSI, MACD, MFI, Momentum indicator (ugh!) etc.
In dire need.... pls advice
Thanks.
Reason for posting in the advanced section :
The understanding of price and trading on price seems more an exception than a rule. Just like you cant teach a computer to drive a car, there is no mathematical indicator one needs use, just price action, understand the traffic, know the rules, you'll find yourself driving pretty well.
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