Thank you for your email. Have just read your book “Trend Following” and it is an excellent read. I have been trading in a very small way for about 9 months, following the No-Nonsense Forex channel on YouTube. As I’m sure you know the channel focuses on trend trading and the mentor, “VP”, describes himself as an “indicators guy”. Result: not only do I have 4 or 5 indicators on the chart at once, but there are also dozens of others out there that in all probability do the same job. I now have a suspicion that most if not all of them must in some way be based around moving averages, which in turn relate to price. My biggest problem is that despite all these indicators I am no nearer answering the question: what does price mean – what does the price tell me about what is happening in the market? If price is the best indicator of all, what is the point of all the others? I want to know how price shows me what is happening and how to trade. I have the feeling that this requires a deeper understanding. I want that understanding. I want to trade as a professional would trade (I am retired now but still have my faculties – as far as I can tell!). I got your name from Larry Connors’ book “Sell the Greed and Buy the Fear”. Some nice short term strategies there which I am testing out.
With best wishes,
There is no point to the other indicators. The other indicators all purport to predict. That’s all bullshit. Price is not prediction. Price is reality.