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Looking at price may work for you and that's great, but it's not the usual entry/exit strategy used by most traders.
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I very much agree mick, as traders we are not too concerned about the price as such given that when we are long from whatever value, we are primarily concerned with that it increments up and vice versa when we are short.
we can buy higher and sell even higher but trading by price gives the sort of reference points not limited by bounds to a larger extent as many indicators are.....eg. rsi and stochastics
whether most believe it or not we are in fact trading price through some derivative or another.....when you draw your fibs you are not limited by bounds as you can find them were ever your imagination and creativity tends to look for them....from this i bet you are also gauging magnitude and the potential intensity of the proposed move. other indicators give a limited view and their is no distinction from one cross from the other in most cases as they do not offer this sort of insight.
and this is my point we are trading price so there is no need to blind ourselves with these bland indicators that create disillusioned comfort and i do not need to remind us how the majority of traders perform!!!!