Originally Posted by thehawkman
Define "system". I hope you don't mean using indicators?
By system I mean method of chosing entries and exits. It can be fundamental, technical, both, use indicators, pure price action whatever.
What's wrong with indicators? I trade price action myself and am incorporating fundamental analysis into that as well. Like Rob I'm discretionary and use fibs, trend lines, MAs (indicators) and an occilator (MACD) for divergences. Many people use pure indicator based systems very successfully.
If what you do makes money you've cracked it. If it doesn't don't blame it on the stops....unless you put them where they're sitting ducks