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  1. dbphoenix

    Trading Price:Phase One:Observation

    Well, no. To do so results in counter-trend trading. Buyers buy on both upwaves and downwaves just as sellers sell since each transaction requires both. Their motives, however, will be different according to circumstances. Professionals, for example, will buy declining prices in order to support...
  2. dbphoenix

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

    I know a guy who trades something like this. He calls it the SLA :) Be that as it may, there is an even more aggressive short, shown here. If one tightens the line tracking the bars, he has to see that he's looking at an unsustainable move. Whether the result of this move will be a sideways...
  3. dbphoenix

    Making of a method

    It may also be the case that successful traders tend to be egoless. Being egoless, they are less likely than others to want to be interviewed. ND has shared her plan and her results and all are available to anyone who is willing to take just a little trouble to look it all up. To conclude...
  4. dbphoenix

    P&R has turned into an LGBT festival

    And you missed the point of my response, but you have what you want now, so it's all good.
  5. dbphoenix

    Is day trading worth it?

    Plus there's no law that says you can't do both. I rarely trade past noon. But I don't just daytrade, either.
  6. dbphoenix

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

    Difficult to say without knowing your trading plan. What is it?
  7. dbphoenix

    Trading NQ via Price Action

    Actually he wrote it a year ago. Don't know why it has a new dateline. But he also includes a link to my forum at TL, which is nice.
  8. dbphoenix

    SLACLAMT

    Do you understand what this thread is about?
  9. dbphoenix

    Is day trading worth it?

    Really. :)
  10. dbphoenix

    P&R has turned into an LGBT festival

    And a lot of people have no interest in the conservative anti-(fill in the blank) agenda, either. Many people disagree with the conservative nonsense that's posted. They just don't want to argue about it with a bunch of anonymous posters on a message board. But that's what the P&R forum is...
  11. dbphoenix

    Ghost of If You Can Draw A Straight Line

    This was posted elsewhere but will likely be of interest here as well: I wouldn't call it "new" as it dates back to the nineteenth century. As to "rare", yes. "Non-existent"? Just about. The pioneers of technical analysis began as tape readers, though one could go farther back to the days...
  12. dbphoenix

    Trading Price:Phase One:Observation

    Here's another. The numerals are there solely for reference, i.e., to enable whoever wants to comment to point to a particular bar or set of bars and not get lost (e.g., bar #27).
  13. dbphoenix

    Trading Price:Phase One:Observation

    The latter.
  14. dbphoenix

    Trading Price:Phase One:Observation

    It's disappointing that only 10% of those who viewed the chart have chosen to step up, but, statistically, that's not unusual. That doesn't mean I'm going to stop doing it. But I do suggest that those who actively engage these sorts of exercises, much less the market, are more likely to win than...
  15. dbphoenix

    The Deception of Bars

    I wouldn't call it "new" as it dates back to the nineteenth century. As to "rare", yes. "Non-existent"? Just about. The pioneers of technical analysis began as tape readers, though one could go farther back to the days before tape, when quotes were posted on a board. Reading this continuous flow...
  16. dbphoenix

    Trading Price:Phase One:Observation

    No, not interested in what anyone would do with it or about it. Just want to know what people think the market is telling them.
  17. dbphoenix

    Trading Price:Phase One:Observation

    A Harvard professor once asked his students to do a special report on fish. His scholars went to the library, read books about fish, and then wrote their expositions The students were shocked when, after turning in their papers, the professor tore them up and threw them in the waste basket. When...
  18. dbphoenix

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

    Let me try this again: Did you spend all this time following these people because you wanted to copy them? If so, what evidence did you have that any of them were consistently profitable? And why are you afraid of being wrong? Why do they have no structure? And why are you...
  19. dbphoenix

    switching gears to Price Action via SLA

    Confirmation of what? Did you not notice that price was falling out of the range it had been in for so long? Did you think that the market was trying to trick you? When you see something rolling toward the edge of a shelf and teetering there, do you wait for it to hit the floor before...
  20. dbphoenix

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

    OTOH, I have three during the session: WQXR, the NQ chart, and chat. Incidentally, when you post images of this size, one can't see them without scrolling back and forth. Ditto for subsequent posts. I suggest leaving them as thumbnails that those who are interested can open in a separate tab.
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