samhollander

ICI, To discribe what is going on with Charting & explaining is a big help for someone switching from indicators to Wyckoff. keep up the post.Along with Dbphoenix,Blowfish,etc. I am starting to see the ebb & flow.

PRICE ACTION,I am on the quest to rid myself of indicators.Since i have been trying a method using Stochastics & inside candles, with S/R, Double tops, Bottoms & Fib.Have not been as profitable as when i was using 3 MA, Bol. Bands, RSI, Macd.The impulse is to revert back & add indicators {of which I have,2 MA}.Has it been successful? No.So I am reading Wychofs book[ThanksDBPhoenix} & also have read Tom Williams insightful book on the Tradeguider site.If i could afford there program,as a novice it seems the way to go, I would .But $2995.00 is a bit much.

Tradeguider gives the best definition of how the market works that I have come across. The book by Tom Williams on PA & Volume was invalueble. Wish I came across this 2 years ago.

I agree. I just read a book by Tom Williams {TradeGuider System} that sheads a lot of light on PA. The problem with newbys is jumping from system to system in search of enlightenment.I am certainly one of them. If reading this book doesn't wake you up to what you are up against.[Professional Money]. It may even scare you into how can I win against these guys?

Justed watch youtube video of daytradetowin.Uses price action,& his propriatary indicators? Goes for 2 points on multiple contracts. With all the testimonials on the many sites i've looked at, where are the 95% losers.

Flojomo, best example of PA that i could understand.Problem with new traders [like me], jumping around & spending time learning a new system[ which I am currently doing] & poor results. So i revert back to 3 MA, Stoch. MACD, & volume.Its seems everyones system has winners.Contrary to the 90% losers. Just read all the testimonials.But from what I have seen over the past 2 years is it seems PA is the answer.

Can someone give me a discription of price action & how it predicts change of market direction without using indicators. Thanks

Steve, thanks for reply. You are 100% right. I had a system that seemed to work pretty well. [indicators]. But have been trying a simpler system that uses only stochastics. have not grasped it & have no confidence, so do i revert back. A lot of people say get away from indicators, so I decided to try this,Stch crossovers. Support ,Resistance, & double tops bottoms using Inside bars as setup.

I do very well paper trading, but after a few losses in real time I am reluctant to trade live. So what am I accomplishing? A great paper trading record? Can't go to the Bank with that.

Stay far away from Pacific Trading Academy. No backup & after you finish your on your own. A lot of MONEY. Try a Live trading course. Maybe E-Mini Day Trader. Looks like a reasonable price.