Quote:
Originally Posted by frantacech
You do not need any indicator mate 
All indicators are derivatives of price; every oscillator value depends on price action that has already occurred. Nothing can occur in an oscillator before it occurs in price.
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Hi,
Frantacech: I love the "dude entry"
...you do not need any indicator but it is useful to have some way to filter the trend in order to avoid taking countertrend trades..yes,I know,you can filter the trend by price, in a higher tf, too
Rick:Your approach might be very similar,conceptually to what I do...first I determine the trend for the week and for the day,I try then to trade only those days whose trend agrees with the weekly,and I try to trigger the entries using chart patterns,mainly 2B and MSH/MSL...the difficult part,as usual,is sticking to only doing that...yes,I can make a mistake gauging weekly and daily trend direction,but that is one of the beauties of chart patterns,price and pattern rules tell you clearly when you made a mistake so,you exit and wait for another opportunity.
Regards
Simba