I like CCI because it's fast and reliable, I don't just use it for trades, I like to be able to measure the market in differen't ways. And I don't use it for a boost of self-confidence, or because I like the purdy colors..

My "attack," wasn't entirely at you, it was at the other people who try and scare new traders away from indicators because they feel they don't need them. Indicators are a good step, and another way for new traders to learn.

Ok in that respect I agree with you fully and its a good tool while one trains the eyes.

I think one of the biggest keys to this, especially in forex, is to remember that smoothing the view will leave us vulnerable to the fact the market may not continue doing that and reverse suddenly, hence the importance of being able to see the total picture. And momentum/cci/dmi the rest are helpful at extremes but things can change in a hurry so another key is to learn how to out-trade the predatory speculators who run the market up and down.

You almost have to get inside their head I believe. After years it becomes a matter of feel as much as anything and having seen things in repetition.

Great example right here after the US session in gbp/jpy.

Lows in the 220.65's, big move down from asia. Lot of faders coming in thinking its gone 100 pips + so odds are not too bad to grab a few pips. Problem is this pair can run 300 pips before turning but look like its done several times along the way. So the safer risk reward is to let it creep up 50 pips or so and sell it near the declining highs once you see the rising averages run out of gas.

Even if it runs up odds favor a return to your entry or close to it with this pair.

Easy to see the highs ... 223 80's, 60's, 20's, and after the dump nothing to really put weight on until 221.80's.

Lows are ascending from the 220.60's.

At some point the highs will join the parade or the lows will stop ascending and pow you've got a trade.

Anything to add? I'm all ears, never stop learning.

Here we are, 221.40, up 80 pips from the ascending lows coming up on the descending highs. Plain as day.

Did I consider taking a buy at US lows?
Yes.

Did I?
No.

Been burned too many times "fading" a move and just fine being out of the market this time.

Will I be shorting again?
Yes

Float isn't going to tell you jack about this stuff.

He was just asking for help with a float indicator. He wasn't saying that he was going to rely entirely on it. If it helps him even a little bit, then it is worth it. He will learn through demo trading when his float indicators aren't usefull and when they are, based on how the prices appear.

There's more options than "use indicator," or "use market prices." You can use both and learn how they correspond, which can give you much more information than only one. Or atleast you can start seeing connections inbetween the two, which will help you get better at using indicators and the market. The more new traders can expose themselves to learning patterns the better they will become.

I understand that. I'm explaining part of how it can be simple to see price and trade effectively. I'm not intending to discourage newer trader from using indicators, I'm explaining how they are derived and how it is possible to have a better understanding of the market from price itself.

I am also challenging intermediates to challenge themselves when it comes to indicators and price itself.

Are you reffering to me as an intermediate?

Are you here just to heckle people?

Use your F'ing CCI. I Dont care.

I'm posting ideas and thoughts on trading without indicators and I've commented on the float only to have your PMS butt start hen pecking me.

Go away.

Or start another post about why its absolutely necessary to use the float and cci and to never trade with price vision.

And again just to reiderate my point. CME floor traders don't have the slightest clue what float is or the time for cci. The point (AGAIN) is that they may be useful for some but not necessary for all.

Now if you can swallow that concept you might want to pay attention to some people who trade without the safety wheels because they don't need them. Better yet, perhaps I'll just shut up and let another malcontent ruin some input from somebody like me.

Tell you what. You go ahead and continue bashing the idea of trading without cci and the float here and I'll start a thread about trading without them. I know you'll come in and chastise me in your wonderful positive way but I'll bet by then at least enough people might have had some things to add.

Actually forget it. Knowing people like you might profit from experience makes me not want to share it.

I think you've missed my point. I'm trying to explain how everyone shouldn't dismiss using them, and this person wanted help with a float, not hear you complain about how the almighty 006 doesn't need to use them.

And I never bashed the idea of not using them. I said that if this person wants to use it, and he wants help with it, give him help because maybe this person needs "training wheels" to trade.

Either you don't understand what I said, don't understand how to read, or need to get out of the habit of using definitives. It's annoying.

And also, dismissing something because you think you can do without it is silly. Calling them training wheels is simply your way of boosting your self-esteem. In the end it's all about how you can predict and get pips etc.