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Two Line Trading

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Two Line Trading

  #181 (permalink)
Minneapolis+ MN / USA
Posts: 31 since Jan 2011
Thanks: 1 given, 55 received

Exiledgoblin writes
"After looking at 1000 indicators I too looked into the "price action only" approach. Like everything else it has it merits and I certainly learned a thing or 2 from reading.Reading Price Charts Bar by Bar". But there is no panacea and staring down a chart for 7 hours a day reading bar by bar is a gruesome process so I've gone back to my indicators with audible alerts carrying some new setups but no holy grail. "

Is 1000 indicators even possible? You would think that after, say, 500 you might catch on. None of that stuff works.

No one reveals the secret location to their buried treasure. And if they do, you can be sure it is worthless.

Last edited by farmer55; January 13th, 2011 at 03:04 PM. Reason: wrong spelling
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  #182 (permalink)
san francisco, calif
Posts: 9 since Sep 2009
Thanks: 0 given, 0 received

I can Test it for you

Thanks for your idea.
Have you backtested this pattern at all. I use tradestation, and would be happy to program and test it for you, with
all inputs included (custom inputs as well)

Liz Merrill

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  #183 (permalink)
Salt Lake City, UT
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL, ES, NQ, YM
richw's Avatar
Posts: 1,157 since May 2010
Thanks: 938 given, 804 received

Question from one trying to master trading

When you see a HH or LL, what is the process for then taking the entry?

cunparis View Post
Exactly. I have them on my chart but it's price action, usually a HH or LL that is my entry. Indicators just tell me what's going on and when not to trade.

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  #184 (permalink)
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: NQ, YM
Posts: 69 since Nov 2010
Thanks: 329 given, 54 received

Where did you go?

You guys had a great thread going and some really good thoughts and ideas!!!!!!
Where did you go?


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  #185 (permalink)
Experience: Intermediate
Platform: FxTrade/Ninjatrader
Broker: Oanda/MBT
Trading: Eur/Usd
Trankuility's Avatar
Posts: 269 since Jan 2011
Thanks: 54 given, 151 received

I trade practically naked. Take that as you will.

But I trade Forex and I trade on Oanda. I'm the round peg on forum of square holes! Take that as you will too. ;p

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  #186 (permalink)
Bangalore India
Posts: 14 since May 2011
Thanks: 2 given, 9 received

I am another follower of price action only tradng and have consistent and good success. I dont use any indicators. MY trading framework is using Point and Figure charts with specific entry and exit rules. Most of these are conventional point and figure theory based rules.

The analysis platform I use is Bulls Eye Broker.

Will try to post a picture of one set of trades as they look on point and figure charts and on conventional time series charts.

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  #187 (permalink)
Bangalore India
Posts: 14 since May 2011
Thanks: 2 given, 9 received

Need to reach a post count of 5... So this is a dummy post.

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  #188 (permalink)
Bangalore India
Posts: 14 since May 2011
Thanks: 2 given, 9 received

Index intraday futures trades for 17th February, based on pure price action and Point and figure charts. The output shown on a normal time series chart and the corresponding PnF chart.

Last edited by Abnash; February 18th, 2012 at 08:44 AM.
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