Bloodhound
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I been reading posts across the net about how some traders don't use indicators like moving averages as they are lagging indicators. Only taking past actions to predict future price movement. Some traders trade using candle sticks, the tape, pivot points, Fibonacci lines, while others trade doing all the above but no candlesticks. Then there are traders who only trade the tape. Is this all really possible?
I can't find hardly an information on tape reading, where do I start?
They say to trade the market you need to learn price action which is No1 way to predict future price movement and then you can master order flow and finally learn to read the tape to become a hot shot trader that can trade without indicators and choose whether or not to trade with candlesticks. This is all sounds awesome, but is it possible?
My trading has evolved this year to be based primarily (in fact only) around order flow. DT is spot on that it is near on impossible to find out much about what you are interested in on the net - trust me I've tried!! I'm not into giving advice as I'm nowhere near qualified to give any but the thing that helped me was to try and learn where are orders are likely to be, what types of orders will be there, why they will be there and who has placed them there. Sound vague - well I'm afraid it is. The best thing I read is that to trade the way you are talking about is a mindset thing - you can't learn it out of a book.
Sorry not to be more helpful. PM if you have any questions.