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Re: Is it possible to trade without using any indicators?
I want to show a pic that I took. x for aggregated contracts less then 50, dot for contracts greater then 50 in that 1 minute bar interval. Red for seller, and blue for buyer.
From it you can see that red x out nubmered the blue all the way before 10:30 Eco report. You can see that sellers are anticipate a fall before the report, so they are setting up themselve on the short side.
Look at 10:31 bar, seller was able to push down 20 YM points in 1 minute without any efforts, as you do not see any red or blue dot or cross.
The moral of this pic is to show that no price derived indicator will show the intention of the buyer or seller.
For short term trading, able to to read order flow is an edge over indicator.
mho.
weiwei
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