Trading with NO Indicators (Only Price Action & Support/Resistance Lines)

OnlyHuman wrote: Don’t really understand how it work, it sound so chim. i only use very simple S/Rs and P.As.

25th of November ’13 (Monday)

Heidel wrote: I believe what you are doing now with simple S/R on your charts is similar to what I am into without any lagging indicators on our charts. May I encourage you to continue with the simplicity. We don’t need any other complicated tools.

One thing for sure is that both of us can look at the same chart and we may differ in different supply and demand zones, and the how and where we enter and exit from the variable time intervals. Just like, there are tons of S/R traders out there and there are multiple ways of interpreting the market from each of us.

It is not easy to disclose publicly on how I define supply and demand zones with optimal entry price level and exit here in the forum because they are proprietary to me after working long hours or years to come up with my own strategy in reading price charts. One thing for sure, a lot of focus is on psychology, emotions and feelings that are address all the time.

I am an intraday EUR futures trader (no overnight holding) and on a daily basis, these are the charts that I observe in tracking price movements, eg. 5/15/60/240 and the daily chart.

I predefined all my entry (optimal price level) based on discretionary judgment as I do not believe in rigid mechanical rule-based trading approach and I let the market takes me out with trailing stops after it has move by certain amount. My initial stops is 10 tick. Looks like I need to stop here. Rushing out to get something.

I understand your concerns. Well, since you have started posting on this thread, i would suppose that you have something you wanna share, thats why i asked for more details.

From what i see from successful traders, the technical part on how to analyse, how to get in and out of trades is usually what they share, because seriously there are no holy grails around.

All methods work some of the time, some methods work most of the time and nothing works all the time. And not sure if you know about this, successful traders can publish their trading plan for everyone to see and yet most people still can’t make money, simply because psychology plays most of the part. For me, i am no successful trader yet, but i believe i can be a better trader tomorrow. =)