[TinGull]

Thanks Pivot...let's squash the confusion that KISS is an indicator based system. KISS means no indicators or as little as possible.

[Kiwi]

No Tingull. That's what was said at the top of the thread. I think my answer was much more creative ... and remarkably similar to the system for TC2000!

No indicators or as little as possible is Niolap not Kiss.

[Soultrader]

Ok, I was not aware of a system called KISS or Niolap. The whole point of the article was to emphasize that trading is best kept simple. I was not referring to a single trading system or a specific trading methodology. Alot of new traders get caught in the analysis paralysis trap.

[cyrilchiang]

KISS does stand for what it says as an acronym, but it is also an indicator.

I agree we don't need to learn all indicators available. But, since asked, will anyone interpret KISS Formula - TC2000 PCF's - TradeOn.com in plain English? (I mean those math in red text)

[slableak]

Soultrader, I also concentrate my efforts on trading price. I have tried 100's of indicators and never found one that was what I was looking for completely. I heard about a group called Tsunami Trading who only trade price. I liked that idea and went on this pursuit. It has helped turn my trading around. I have very few indicators now. I dont use them to look for a trade. I find my trades using trend lines I draw on price. I confirm the trade sometimes with indicators in 1 subgraph. I use the major portion of my charts for price. I like your idea about tape reading and I am going to see how that compliments what I am already doing. Thanks!

[GCB]

Originally Posted by Soultrader »

The day my trading turned around was when I took all indicators off my charts. Now I trade with a candlestick chart only. No moving averages, no indicators, and no volume. I read volume through the tape and I use a market profile chart as well as market internals to trade.

Price action is king. But it takes hours and hours of staring at price to fully understand price action.

I was reading in Gary Smith's book this weekend that he didn't look at volume at all. That amazed me. What is it about volume that you consider a distraction, James?

[Soultrader]

GCB... I started looking at volume now Its actually volume delta that plots the number of buying volume in green and number of selling volume in red. The greater of the two gets placed on top. Its a great visual tool to gauge supply vs demand at key turning points.

The only reason why I didnt plot volume previously was because I can see the volume off tape. I still read alot of tape but the volume delta makes the visual element alot easier now.

[GCB]

Ah-ha. Is volume delta a TS indicator found somewhere on this forum? I've written a few volume indicators using TS histograms so I might already have something like it myself.