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• Archive: https://archive.md/pX9qK http://www.thestrategylab.com/images/110206NihabaAshiPnLBlotterProfit.pngArchive Chat Log @ http://www.thestrategylab.com/110206FuturesTrades.htmVerification of Price Action Trade Performance @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=383 Image on the left represents what many users in the private chat room were able to see via screen sharing as a price action only traderthat did not use indicators...I took a quick screenshot for marketing purposes, for my own private trade journal documentation (other two monitors not shown) and for verification that I traded on that specific trading day I posted real-time trades in the chat room for those that were not in the chat room or not allowed in the screen sharing for whatever reason with others that were allowed.I have many images like this of different trading days distributed on different webpages here at my website and at my forum via screen sharing just in case someone says they didn't see any verification about price action trading without indicators.Simple definition: Price action trading is a trader that does not use technical indicators or technical studies for trade decisions based upon price action analysis.The above is a simple definition of price action only trading (no technical indicators).
• Unfortunately, there's a growing number of traders the past few years that use one technical indicator with a commonly known price action method and then believe in error that it's price action trading under the facade they're using the indicator only as a "visual aid or to help put the price action within a framework" or "using the indicator for trend / range analysis".
• In fact, it doesn't matter what type of technical indicator it is (e.g. cci, stoc, macd, moving average et cetera) nor why you're using the indicator...if it's on your chart to help you make trade decisions...you can not call yourself a price action trader until you've completely remove all technical indicators or technical studies from your trading.In addition, arguably, some pure price action traders consider the use of volume as an indicator while others do not.
• Regardless, I'm not going to play the technical indicator or volume bashing game because they are distractions that serious price action only traders should not be involved with.Therefore, just be careful of those traders, authors, vendors that say they are price action traders, price action traders of chart patterns, price action system traders while they show a technical indicator on their charts (e.g. cci, stoc, macd, moving average et cetera) because learning such a method will continue making you dependent upon technical indicators via the belief you can improve the price action method by making changes to the indicator whenever you fail to reach your performance goals.There are primarily three basic groups of traders that are price action trading.
• Traders that use charts...sometimes this is refer to as chart reading of price patterns or chart analysis of key price areas without indicators.