Occasionally one of the financial news channels will provide a camera shot of an active trading floor. What we see is as important as what we do not see. We see: active traders watching prices and gesticulating strenuously to place orders and complete trades for their respective customers as well as for themselves. What we do not see: Traders checking their charts to see if their indicators have signaled an entry point to make a trade or to exit one.There is not enough time for chart work , and even if there was, active floor traders understand the interactive nature of the market and react accordingly. My point is this-If the professional floor traders need nothing more than price action to make trades and make money than neither do we .
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