[Grey1]

Originally Posted by gethim »

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i agree that no indicators needed at all .

Some indicators such as VWAP line is bench market for block trading .. This indicator is a must for stock traders ,,,,

Other indicators which are close to price action and designed to eliminate noise are very good too ... Most commercial indicators are of no or very little value though ..

Grey1

[thalestrader]

Originally Posted by Grey1 »

I used to trade for a bank for years and in 5 years did not see a single soul trading charts and classical TA to make a dime over the long period,, ( I have seen traders to have a lucky run though for few days )

Well, in that case, I am having one helluva lucky run.

Best Wishes,

Thales

[thalestrader]

Originally Posted by Grey1 »

Some indicators such as VWAP line is bench market for block trading .. This indicator is a must for stock traders ,,,,

I trade stocks, and I do pretty well at it. Apparently I am among the few lucky souls who manage to do so without even knowing what a V W A P is. And I'm not asking what it is, for I really do not care. And I'm not saying that for some folks, a V W A P, whatever it is, may in fact be useful. I am just saying that you are wildly overstating the importance of whatever it is you are talking about, and a bit less hyperbole would be appreciated.

Best Wishes,

Thales

[Grey1]

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[Grey1]

Originally Posted by thalestrader »

I trade stocks, and I do pretty well at it. Apparently I am among the few lucky souls who manage to do so without even knowing what a V W A P is. And I'm not asking what it is, for I really do not care. And I'm not saying that for some folks, a V W A P, whatever it is, may in fact be useful. I am just saying that you are wildly overstating the importance of whatever it is you are talking about, and a bit less hyperbole would be appreciated.

Best Wishes,

Thales

Institutions use VWAP as bench market to enter or exit . They have their own algo to execute @ VWAP how ever some large block traders ( non institution) use Brokers such as IB to execute their order.. It is important not to trade against block orders hence the importance of this vital bench marke..

How ever if you donot know and donot want to know and happy with what you doing and making loads of $$$$$ then Good on you,,

http://www.interactivebrokers.com/en...rders/vwap.php
grey1

[forrestang]

Just out of curiosity, has anyone who has not attained the level of profitability they would like (i.e. still learning), actually observed a so-called profitable trader trade?

And by that I mean maybe having the opportunity to observe someone trade live for at least a month, making many trades over and over?

[enochbenjamin]

Profitability came once I understood that deliverable commodities have built in selling pressure. Now I only short.

[subterfuge]

Originally Posted by forrestang »

Just out of curiosity, has anyone who has not attained the level of profitability they would like (i.e. still learning), actually observed a so-called profitable trader trade?

And by that I mean maybe having the opportunity to observe someone trade live for at least a month, making many trades over and over?

Yes, the poster above you, Grey1.
Even though he often seems to be in conflict with some other members whom I respect (thalestrader and brownsfan) the fact is that he trades very well. Consistently profitable, as seen with my own eyes.

Grey used to trade live in a chatrooom that he ran for free and called out live trades every trading day for a few months (as well as some free 'seminars' which i have on my PC somewhere).

However, I do believe that despite what Grey says, one can be consistently profitable with TA alone.