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  1. dbphoenix

    Hit new highs or crash?

    You should probably brush up on trend channels, at least the one you've been in since 11 '12
  2. dbphoenix

    Stages of a Trader

    True. There's also a list of "38 Steps", but one can get too anal about this.
  3. dbphoenix

    Ghost of If You Can Draw A Straight Line

    I see we tested 3500 a couple of hours ago. This is a plus. Whether or not one goes long here is of course up to the individual trader.
  4. dbphoenix

    Gold, Silver, and Indexes Using Price Action

    Gag me. I assume G wants people to participate, so if the questions have to do with the subject of the thread, they should be asked here. Forty and Gringo are pretty much on the same page, so I should think it would all be good. Edit: BTW, if the questions have to do with learning how to trade...
  5. dbphoenix

    Stages of a Trader

    Good one. :)
  6. dbphoenix

    Stages of a Trader

    Key words here being "to be given". You could also study a phenomenon for the purpose of determining those conditions which preceded it. This is how backtesting begins. Then find those same conditions in other circumstances and trace them forward to see if they result in the same phenomenon. If...
  7. dbphoenix

    Stages of a Trader

    But that's all hindsight, so it's useless. :) Of course, this post is also hindsight, even before I hit "enter". And indicators are by definition hindsight. What the hindsighters are really complaining about is that no one can tell them the future. They don't get the "conditions" thing, much...
  8. dbphoenix

    Stages of a Trader

    I don't know that "haters" is the right word. If I'd been struggling/failing for three or five or eight years, I'd be pretty testy myself. This doesn't mean that one must be a doormat. But that sort of thing isn't fixed by arguing. I started this thread so that those who are having "issues"...
  9. dbphoenix

    Stages of a Trader

    Speaking of airspace -- or air pockets -- for the benefit of those who might come across this in future, the top of the air pocket in the NQ was/is at 97. Today's high was 99. But it's all coincidence, right? :)
  10. dbphoenix

    Ghost of If You Can Draw A Straight Line

    I've been getting questions about volume via PM and otherwise and this week provides a good example of why I don't plot it anymore. Does one really need to see the volume that accompanies buyers slamming on the brakes Monday morning to see that they are supporting price at that level? Does...
  11. dbphoenix

    Stages of a Trader

    Then I suggest you find something else, like periods. Here's a post and chart from someone who was in chat today from the beginning: http://www.elitetrader.com/vb/showpost.php?p=3938250&postcount=20 If all these people, including me, are lying, then perhaps chat wouldn't do you any good...
  12. dbphoenix

    Stages of a Trader

    Blah blah? Somehow I'm not motivated to spend a lot of time providing you with the condition of the ES market, much less create charts. If you're genuinely interested, you're welcome to join us in chat tomorrow: stinto.net/en/chat.htm?refId=rnylr# If you're not interested, then, for the last...
  13. dbphoenix

    Stages of a Trader

    What market do you trade?
  14. dbphoenix

    Stages of a Trader

    Well, you can always pop in tomorrow and ask the two dozen people who were there. In any case, anyone else's success or failure is irrelevant to yours. Even if you were to follow somebody else's "calls", that wouldn't fix the problem with your trading plan. So, as I said, either you want...
  15. dbphoenix

    Stages of a Trader

    Note here that while she uses candles and colors and indicators and patterns, I don't. But we go through the same process and end up at more or less the same place. Thus one needn't follow a regimented one-size-fits-all system in order to achieve success. But he does have to set aside ego and...
  16. dbphoenix

    Stages of a Trader

    Stop it, ND. You're making me hot :)
  17. dbphoenix

    Stages of a Trader

    It was posted in chat. But the point is that it is wise to know the condition of the market before considering a trade, i.e., 1. What is the trend of the market? 2. What is your position in that trend? 3. Where can you enter in order to profit from the prevailing trend? None of which may be...
  18. dbphoenix

    Stages of a Trader

    True. This morning, for example, before the NY open, I pointed out the upsloping trendline in the NQ that began yesterday and suggested that people wait for 92. If I hadn't assessed the condition of the market, I may even have traded short.
  19. dbphoenix

    Stages of a Trader

    No point. Just wondering whether or not you've used your analysis to determine why your trading is not consistently profitable. If you haven't, that may account for your difficulties.
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