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  1. dbphoenix

    Something a trader should never do

    Or ski :)
  2. dbphoenix

    Stocks Analysis Using Price Action

    In that case, I'd expect it via AMT to revisit the bottom of the channel.
  3. dbphoenix

    IB beginner / a few questions together

    If he's simtrading, isn't in a chat room, isn't reading message boards, doesn't have a news feed, and isn't watching the clock, how would he know it's delayed? (It's early so my brain may not be up to speed yet)
  4. dbphoenix

    Stocks Analysis Using Price Action

    AMZN is doing reasonably well. The rest, not so much. Which of course will help determine what the NQ does. But it can also invite an unwelcome bias.
  5. dbphoenix

    Are you a successful at home day trader with no other source of income who began with modest means?

    You forget how many people were short all the way up. And kept re-shorting and re-covering. Which helps to account for the parabolic rise. :)
  6. dbphoenix

    Are you a successful at home day trader with no other source of income who began with modest means?

    Depends in large part on how thoroughly one has tested his system, or strategy. I don't know who you used to be, but I read your posts, and it seems pretty clear that you've paid some dues. And if one stays around long enough and isn't a complete dunce (and doesn't go broke), he has to pick up...
  7. dbphoenix

    Something a trader should never do

    There's also "Waddaya mean today's a holiday?"
  8. dbphoenix

    Stocks Analysis Using Price Action

    Do you use any of the other most-heavily-weighted stocks in the NDX to enhance your views of the action?
  9. dbphoenix

    House of If You Can Draw A Straight Line

    I know it's early, but note the test of 22 from beneath.
  10. dbphoenix

    House of If You Can Draw A Straight Line

    Even though it's only Thursday, the news is in the daily chart, not the weekly, since the downward-sloping trend channel in the daily is clearly trashed. Price behavior has conformed to the lower limit of a potential range that I drew in last week and printed what is so far a parallel upper...
  11. dbphoenix

    Have you used dbphoenix's teachings to become a successful trader?

    You've got to hand it to marketsurfer for making yet another thread about him. Again. It's a gift. :D
  12. dbphoenix

    Something a trader should never do

    Trade without a thoroughly-tested, consistently-profitable trading plan.
  13. dbphoenix

    House of If You Can Draw A Straight Line

    Somebody "liked" something that I wrote way back in the first journal that I'd forgotten about but which is actually pretty good: Think of going to some game with which you are unfamiliar: football, rugby, soccer, cricket, whatever. While you're watching the game, your chief thought is not when...
  14. dbphoenix

    House of If You Can Draw A Straight Line

    Patience, yes. Once price took off this morning, there was really nothing to do until it got to that first daily swing high at 86, and then there was nothing until 4322 except for 4300. One can even set a stop and go do something else.
  15. dbphoenix

    House of If You Can Draw A Straight Line

    And the old high is only 36pts away. No edge, of course, if one doesn't know what to do with that.;)
  16. dbphoenix

    House of If You Can Draw A Straight Line

    I suppose I should also say that when that situation repeats and you get all cold all of a sudden and even light-headed, then you're not ready to take any trade at that point. So don't. Just stand aside and observe and take your notes. With each occurrence, the fear will lessen, and eventually...
  17. dbphoenix

    Have you used dbphoenix's teachings to become a successful trader?

    You have a short memory. We were banned together. :D But it's been about a dozen years now.
  18. dbphoenix

    House of If You Can Draw A Straight Line

    Nearly all of you have different risk tolerances and look for different things than I do, with the possible exception of 40D. You may all see the same ranges and the same breakouts and the same double tops and bottoms and HLs and LHs, but then what? I demonstrated how to surf back at TL, but...
  19. dbphoenix

    House of If You Can Draw A Straight Line

    More interesting than TV. But it's largely a matter of paying it forward. To die without passing any of this on would be such a waste, particularly since there is always something to be explained, and so few people who are interested in this material, much less understand it.
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