Search results

Oh there you are! I am only now discovering this thread! (Which is now becoming the 8th bookmark in my edition of that list. :D) That's the downside of checking out your posts in chronological order (I'm on page 10 of 18 moving towards 1...)

I'm surprised by that bit. Don't they need massive amounts of capital to be able to trade into every opportunity they find? Stocks for example don't offer a lot of leverage.

Thank you for your sanity. :) My guess is that a lot of aspiring traders on ET seem to be looking to copy someone as a shortcut to avoid developing and backtesting a plan, and in that shopping around they get interested whenever someone claims success. Since this is about skipping the...

I'm no expert, and this is hindsight, but given that the arrow is after a lower high, it's possible that real-time price action was bearish for him at that point. To me, the fact that you're seeing that there are more variables than what the SLA/AMT portrays is a very good thing. You see why...

@k p: I forgot to add, in the "If you can draw a straight line..." thread, the dead-last post serves as kind of a sticky to point to the juiciest posts therein: http://www.elitetrader.com/et/index.php?threads/if-you-can-draw-a-straight-line.276076/page-116#post-3901369

Glad something useful came out of that. ;) Yup, I fully agree. I do engage a bit because I enjoy the effort of formulating my thoughts more clearly, which the forum requires. I feel it helps my own journey (if nothing else, my English skills) so I see it as an educational opportunity. I...

I think I stumbled on an introductory thread somewhere, which pointed out the most interesting other threads out there. I wish I remembered where... Anyway that's how I found out Keeping It Simple and Keeping It Simple II. The TL Wyckoff ones are often referenced though and most important, as...

Are you serious? With the quality of my posts here thus far, especially compared to your drivel? Are you writing these drunk? Your reaction is simply disgusting. What did you offer of value in this discussion? I see you attacked me personally unprovoked without knowing much at all about me...

Oui. :)

Good point, though the sum of each percentage would still work fine for comparison purposes. That gives a good unleveraged comparison, across all asset classes. (i.e. 10 points on the NQ is 0.23%, thus equivalent to 0.29 in AAPL or 23 pips (approx.) in Forex) Heh, that's what I hate about...

My point is that nobody interested in the material gives a sh*t about their performance. :) It's up to the student to fool around with the technique to see if there's anything useful to them in there. If it's a pile of crap (at least to them), it's pretty easy to recognize and move on...

Percentage of price. I somehow don't see the difficulty. o_O

Not when it's sarcastic. You clearly don't mean, just stirring the pot. Plus, would they care? They already make their money elsewhere. I do think that some form of recognition would be in order, to help newcomers find them amidst this huge haystack of information, but then that'd inflate...

Actually what bugs me more, assuming you drew this in October 2011, is that you didn't include the May 2010 and February 2011 highs, but stayed slightly lower. Why? I've seen ranges double, so that's plausible, but I can't figure out your original logic.

Well, let's see what he says. Innocent until proven guilty. :cool:

I assume you drew it in October 2011, based on where the lines begin and the need for an initial two lows. How did you know the channel's height back then? Did you draw it with an expectation of the range doubling in the direction of the trend?

You've got a point there. I remember a talk (Adam Grimes I believe) about quantifying those, which still left a lot of grey. My definition is probably very personal. Then I might be headed into an interesting Spring/Summer, because for some reason with my background, what I've seen so far is...

I for one am using @dbphoenix as one of many gateways to earlier pioneers, including Wyckoff, so even if/when I become successful with what he's teaching being part of my plan, I couldn't credit him specifically as this thread's trying to fish for. I could be wrong, but I don't think the...

Sorry but I gotta ask: you mean that some people (and a majority of them, to boot?), can't draw a demand line under an up trend? Isn't this the kind of thing everyone does instinctively before even picking up a first book about trading? "Buying pullbacks" is something we hear everywhere. I...

You're making DB's point for him: retail trading isn't about capturing some holy grail gains to impress fund investors, but to achieve a daily grind which is consistently profitable. Big difference. You should make a distinction between the uneducated and the lazy. The "uneducated" may not...