Search results

  1. dbphoenix

    noob trader looking for some advice from pros

    I didn't see this until now but, fortunately, monoid did, and I have little to add to what he said beyond clarifying what I posted about understanding what each of these experts is trying to do, i.e., how each of them approaches the market. In order to evaluate the pluses and minuses of how...
  2. dbphoenix

    The Trouble With Scribbles

    Depends on what you're looking for. If you're in Europe, and you saw price rise to 4400, then drop to 4390, then wanted some measure of strength and weakness, you could draw your midpoint between those two levels, as you've done. You could then have placed a buystop above that halfway level...
  3. dbphoenix

    The Trouble With Scribbles

    No. This chart from last week:
  4. dbphoenix

    The Trouble With Scribbles

    First post, eh? Welcome. You picked either an excellent day or a terrible day, depending on what you want to learn. So let's focus on what looks to be your effort to find the halfway level. The halfway level applies to any "wave". You can find the halfway level for the current "mega-wave" or...
  5. dbphoenix

    The Trouble With Scribbles

    You could always try a SIFI trade. :)
  6. dbphoenix

    The Trouble With Scribbles

    This is a good example of what I addressed yesterday regarding the intersection of diagonal and lateral ranges.
  7. dbphoenix

    The Trouble With Scribbles

    "Judge the market by its own action."
  8. dbphoenix

    The Trouble With Scribbles

    One of the more important aspects of the SLA which apparently a lot of people miss is the provision for getting you out and keeping you out of chop.
  9. dbphoenix

    The Trouble With Scribbles

    Clearly "big money" is involved here given the lack of movement, the spread of the trades, and all the overlap. Same since Thursday. I'll let them work it out.
  10. dbphoenix

    The Trouble With Scribbles

    Particularly if they would help identify these points and levels ahead of time, or even in real time. If a trading opportunity knocks on the door and no one is around to open the door, does it make a sound?
  11. dbphoenix

    Those Wacky Republicans

    Foreign Saboteurs
  12. dbphoenix

    The Trouble With Scribbles

    It's called an "insert". Also referred to as an "explosion". An experienced journalist would know that.
  13. dbphoenix

    Those Wacky Christians

    A Miscarrying Woman Denied Medication Because of “Conscience”
  14. dbphoenix

    Those Wacky Christians

    Texas church members on the run after “demon-possessed” toddler starves to death
  15. dbphoenix

    The Trouble With Scribbles

    Oddly enough we have a virtually identical setup right now at the same entry price.
  16. dbphoenix

    The Trouble With Scribbles

    The SLA short, on the other hand, would have been later and higher and garnered much more than 5 or 6 points.
  17. dbphoenix

    Price Action - NQ III

    Yes and no. You may have noticed by now that there are two kinds of retracements: one occurs at the beginning of a trend as price breaks out of a range; the other occurs at a trend reversal immediately after a buying or selling climax. What you have here is the latter. Not that any of this...
  18. dbphoenix

    TSA gropes hot men

    Maxine and Dork live in Denver, don't they? Didn't somebody say they work for the TSA?
  19. dbphoenix

    Price Action - NQ III

    Trading reversals through the back door?:)
Back
Top