nikotron1124 

Those "freely" available videos they say NOTHING about indicators. As a mild/kind suggestion, please, watch and see for yourself if it makes sense the explanation of price action. It could turn out an experience that would prevent blowing up a (yours?) trading account. Wishing you all the best in you trading.........

I was repeating your own words free indicators and free videos (never said videos on indicators) and showing the contradiction. Thanks for the wishes but I've been trading many years before this website or even .io designation existed.

trepidation 

If you found the Holy Grail, would you share it with the world? By Holy Grail, all I mean is a system or methodology that can consistently yield profits in all market conditions however it does it and also make a good ROI. Would you ask for compensation? I once bought a course and to this day I'm haunted by what this popular guru let accidently slip. He said that these days he was too busy teaching to actually trade. Think about that for a minute. He was living off of other people's hopes and dreams and in doing so was living their dreams. So far there've been alot of people that have been trying to sell the dream of systems and strategies or even signals that make bank. These days I've seen an evolution in the landscape where people try to sell the idea that you can't get rich quick and instead they sell another dream via support groups or training. To me, both of these types of people are feeding off the dreams of other people. That isn't to say they don't produce value, but if they created an absurd amount of value they would be renown across the internet. Just as this is two sides of a coin, so too is the question of the Holy Grail. On one side there's the idea of a self-fulfilling prophecy (candlestick patterns) and on the other there's this idea of alpha decay where the more people that know, the less effective your edge becomes (arbitraging). What are your thoughts?

Roy Niederhoffer to interviewer Niels...

Niels: I agree simplicity often leads to more robust outputs in the long term. Looking at all those things, trying to determine what, in lack of a better word, indicators to use in order to describe that, is there anything that you found that you generally think works better when you want to achieve that kind of thing? Some kind of a favorite indicator that actually is usually more robust than others when it comes to trying to do things in a simple way?

Roy: Well, If I'd found the Holy Grail I certainly wouldn't be discussing it in a public forum like this. I hope you'll... if I demur on that particular answer. Do we have a few things that we really feel are the most important things to look at? Yes.

I agree the price for what you get is well worth it

In my opinion there is no such thing as a holy grail.

Sticking to the basics is what i found most valuable, basics meaning looking at things that represents the actual market.

VIX, NYSE TICK, TRIN, NYSE advance/decline and NYSE up/down volume.

These so called market internals show what the actual stock market is doing, they can give a very clear indication on what the indexes will do next. Last few weeks i had some stupid simple trades that i could never have seen without looking at the internals. I found the internals to be the only "indicator" that can actually be leading for the ES.

No magical indicators, no 100 lines on my charts, just some basic trend lines, overnight levels and market internals.
That is all you need.

nikotron1124 

Those "freely" available videos they say NOTHING about indicators. As a mild/kind suggestion, please, watch and see for yourself if it makes sense the explanation of price action. It could turn out an experience that would prevent blowing up a (yours?) trading account. Wishing you all the best in you trading.........

Hi Niko
I have looked at Rob Smith > There are a number of similar trading methods using inside and outside bars + higher and lower time frame continunity.
But he does offer something extra ,and I am intrigued
There is a current thread on Futures which covers this method and I will direct some questions there ................
"Tao te trade"by Wildman
Thank you for your help
regards
bobc

Price Action as is taught by Rob Smith makes a lot of sense. One has to take his course, because the "free videos" give just a glimpse of what is really working. It takes some time to get used to it and to use it profitably. Sometimes an indicator such as ADX with +DI/-DI may help the beginner, but it is better not to use anything at all, so a trader does not get a "self bias" as to the trade setup. Using an indicator makes one to see something that "true" price action does not show. Using time frames from annual, to quarterly, to monthly, to weekly, to daily, to hourly, to 30-minute, and finally just for entry ONLY the 10-minute will give ample time to see the trade setting up and figure out the entry and then the exit, of course. Overall, it has make a BIG difference in my trading and in my trading results being over 70% profitable.

Hope the above helps. Wishing you the best for your trading endeavors, always.

I've been reminded a few times myself lately but the topic is sharing a holy grail. Not giving someone free advertising, especially on another platform.

SunTrader 

I've been reminded a few times myself lately but the topic is sharing a holy grail. Not giving someone free advertising, especially on another platform.

Hi Sun Trader
I remember you from about 10"years ago on a different website. You were trading gold. I note you have still not completed reading your copy of Dale Carnegies "How to make friends and influence people"
I do tend to agree with you on the validity of Rob Smiths method, BUT everybody should have a choice ,and maybe it is a Holy Grail. We,ll see.
Kind regards
bobc

bobc 

Hi Sun Trader I remember you from about 10"years ago on a different website. You were trading gold. I note you have still not completed reading your copy of Dale Carnegies "How to make friends and influence people" I do tend to agree with you on the validity of Rob Smiths method, BUT everybody should have a choice ,and maybe it is a Holy Grail. We,ll see. Kind regards bobc

If it where a holy grail everyone learning it would be millionaire in no time.

There is no such thing as a holy grail.

bobc 

Hi Sun Trader I remember you from about 10"years ago on a different website. You were trading gold. I note you have still not completed reading your copy of Dale Carnegies "How to make friends and influence people" I do tend to agree with you on the validity of Rob Smiths method, BUT everybody should have a choice ,and maybe it is a Holy Grail. We,ll see. Kind regards bobc

Actually I took the course itself while in college. I completed the course but .... dropped out of college. LOL

But to rephrase my earlier post the topic is your holy grail. Hey I could care less really. Carry on.

I will add, I never mentioned my holy grail - and never will - because no one would believe it.