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  1. dbphoenix

    Is day trading worth it?

    As have I, only in advance. And if you don't want to start threads related to trading methods, that's your choice. Best of luck in your trading.
  2. dbphoenix

    Is day trading worth it?

    Sounds like Daring hasn't been doing very well. :)
  3. dbphoenix

    Easy edges in the markets for retail participants?

    Really. That's why everybody bought that triangle just at the NQ open this morning. Free money. Money money money.
  4. dbphoenix

    I got it!.....I lost it...The search for consistency.

    No, not stupid. But you appear to be continuing to enter long even though price is in a downtrend. Starting over is difficult. And you're getting a lot of input here. You really ought to focus on just one voice. Best of luck to you.
  5. dbphoenix

    I got it!.....I lost it...The search for consistency.

    Why on earth did you do that? How are you determining when you're wrong?
  6. dbphoenix

    I got it!.....I lost it...The search for consistency.

    What does that mean?
  7. dbphoenix

    Easy edges in the markets for retail participants?

    Who says they're not? Whether or not a pattern "succeeds" or not depends on how it's defined. For example, there was recently a lot of buzz about the "H&S" in the ES which amounted to nothing. But this morning there was a legitimate H&S in the NQ which worked out perfectly.
  8. dbphoenix

    Easy edges in the markets for retail participants?

    Or one can just take the breakout and see how it goes.
  9. dbphoenix

    Ghost of If You Can Draw A Straight Line

    Whether or not this breakout effort will extend for another 90m is anybody's guess:
  10. dbphoenix

    NQ - Supply & Demand

    If you go back to the beginning of the trend in June, you'll find that the lower limit cuts through the bottom of the last test. This doesn't necessarily matter when you're looking at a year, but it can matter if you're looking at only a few days and assign special significance to that line.
  11. dbphoenix

    Easy edges in the markets for retail participants?

    Rare, maybe. Unique, hardly. Uncanny ability, depends on how one views the market. If one views trading as analogous to herding cats, then extrapolating price correctly would appear to be an uncanny ability. But if one views it as more like driving horses, extrapolating price is much more...
  12. dbphoenix

    Ghost of If You Can Draw A Straight Line

    This is a biggie: POKER RULE#39: When you take your emotions out of the game, other players' emotions become visible. When we are focused exclusively on our own emotions (as we often are), the emotions of others tend to be obscured. When we make ourselves neutral, however, we find that the...
  13. dbphoenix

    Easy edges in the markets for retail participants?

    The best one I've found comes from Mark Douglas: "Your edge begins with the knowledge you gain through your research and testing that a particular . . . market behavior offers a level of predictability . . . that provides a consistently profitable outcome over time." Or marry Lloyd...
  14. dbphoenix

    Ghost of If You Can Draw A Straight Line

    http://www.elitetrader.com/vb/showthread.php?t=38333
  15. dbphoenix

    Ghost of If You Can Draw A Straight Line

    The two shorts I took are posted in the chart above. As for what I'm thinking, I'm not really. I follow the rules because they tell me when there's been a shift in the demand/supply balance. If I'm going to question it, I may as well stop using it altogether. I suggest you read the Zen...
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