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  1. dbphoenix

    Is day trading worth it?

    Oh no. I'd much rather continue chewing this tired old cud over and over and over again. After all, it's only Spring. You could continue recycling these posts until ET winks out forever. What a productive use of one's time.
  2. dbphoenix

    Wyckoff's Monster

    When you have so many channels criss-crossing each other they become meaningless. At the very least, they provide little to no guidance as to what you should do, at least in real time. All that matters in terms of AMT is the daily TL which is drawn across 3670. SLA kicks in after that. I'll...
  3. dbphoenix

    Is day trading worth it?

    And you were kicking and screaming that I stop posting entirely. Make up your mind. Pitiful.
  4. dbphoenix

    Is day trading worth it?

    The trade was posted in real time. No need to "publish" anything. And it was a scratch. If I were desperate to avoid putting it out there, I never would have posted the sequence in real time to begin with. As for the image, been there over and over again. Anyone who cares can back up and go...
  5. dbphoenix

    Is day trading worth it?

    You keep dredging up this old stuff that I've addressed again and again. As for my "one scratch", that was for a 90m period of trading in real time in one day, complete with "call". And then you complain that I'm posting so much. And then you complain that I'm not posting enough. Do you want me...
  6. dbphoenix

    Ghost of If You Can Draw A Straight Line

    Why on earth are you trading forex? Are you studying to become a currency specialist?
  7. dbphoenix

    Ghost of If You Can Draw A Straight Line

    You're welcome. I got the basics of that from Wyckoff but I must have come up with the terminology myself, based I assume on his water references. It's been a long time. As for how far from the trough or crest to place the entry stop, that was a matter of testing. Tighter and you risk being...
  8. dbphoenix

    Is day trading worth it?

    As you quoted. It was scratched.
  9. dbphoenix

    Making of a method

    A large part of it is because he's reached the point where he's trading price and not lines. But it's taken him 12 days short of a year to get here. I was saying in chat this morning that it's easy to look back at 1000 and think oh yeah all I had to do was go short there and sit on my hands...
  10. dbphoenix

    Ghost of If You Can Draw A Straight Line

    I wouldn't come to any conclusions based on one chart, but I do consider the overnight activity to be important. For that matter, any activity is important since it all conveys information. These instruments trade 24/5 all over the world. It is an error to dismiss millions of traders simply...
  11. dbphoenix

    NQ - Supply & Demand

    Once the DL is broken and you have two successive lower highs, a supply line can be drawn. If you don't want to get into micro trading, you're going to have to back off. If you must have tight lines for some reason and you don't want to use the last swing low as an exit trigger, then plot your...
  12. dbphoenix

    Ghost of If You Can Draw A Straight Line

    This chart was posted yesterday to another thread, but it has not appreciably changed. I assume that traders are waiting for the jobs reports. Whether or not they can continue to wait for an entire 'nother day remains to be seen. The weekly and daily charts were posted on Tuesday and haven't...
  13. dbphoenix

    NQ - Supply & Demand

    All of which worked out fine. But you got lucky. Rather than modify the rules, I suggest you eliminate the lines entirely and go with the flow. You don't seem particularly fearful, so I don't see the need for the crutches. If such a need arises, you can always go back to them.
  14. dbphoenix

    NQ - Supply & Demand

    There is no long at 0956. After the brk of your DL, there is no ret for a short. Before that happens, your SL, not drawn, is broken and you look for the first ret to go long. This doesn't occur until 1000, but that's the trade-off for having lines that are too tight. Edit: instead of looking...
  15. dbphoenix

    NQ - Supply & Demand

    This is the best I can do:
  16. dbphoenix

    NQ - Supply & Demand

    You made the wrong choices. When the DL is broken, you look for a short. You went long. When the SL is broken, you look for a long. You went short. Eventually you got in synch, but may just have been lucky. It doesn't look to me as if the first two trades should have been triggered at all, which...
  17. dbphoenix

    NQ - Supply & Demand

    I'm not clear on what the symbols mean, but your first green arrow ought to be a short, though I can't tell if it's far enough away from the crest. This will either not be triggered or, if it is, won't be confirmed, in which case you look for the first op to go long. That would be your first red...
  18. dbphoenix

    What do you think of BUY on Breakout strategy

    SH provides good advice, but consider also that when you're buying a breakout you're likely being suckered. Why do you suppose price is breaking out in the first place? Because traders all got a warm, fuzzy feeling all at the same time and decided to buy? Or is it because professional money...
  19. dbphoenix

    NQ - Supply & Demand

    I don't know that I'd call it a "rule". The more rules, the worse. It's more a sensitivity to price behavior that one acquires over time. How much time depends to a large extent on how much replay he's done. This is an instance of TDTDB, one of the appendices in the SLA-AMT pdf. If you're in...
  20. dbphoenix

    Ghost of If You Can Draw A Straight Line

    I'll be happy to entertain a question, as long as I can do it with my clothes on. When price retraces during an upmove, the retracement -- unless it's a reversal -- forms a cup, or a trough. The entry is placed inside this trough far enough away from the bottom so that it is unlikely to be...
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