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  1. dbphoenix

    switching gears to Price Action via SLA

    Incidentally, this was not rhetorical. If you are unable to answer the question, you shouldn't trade on Monday. (And that goes for anyone who happens to be reading this.)
  2. dbphoenix

    switching gears to Price Action via SLA

    This is essentially what I had, though the charts I post to the Foresight thread include a 15m that takes us up at least to 0830. In this case, that resulted in a hinge and a narrow range that was only an hour long at the time the chart was posted. But a range is a range, and the narrower it is...
  3. dbphoenix

    switching gears to Price Action via SLA

    Exercise. And anyone who wants to do it is welcome to do so. Just not necessarily here. Right now this very minute, the range on the NQ is 4300 to 4328. Up until the market closed, it was forming a hinge with an apex of 4324. Assuming that this is the situation prior to Monday's open, where...
  4. dbphoenix

    When Indicators Don't Lag

    When somebody shows me a thoroughly-tested and consistently-profitable trading plan that is based on either indicators or patterns or both, then I'll have something to investigate. Until then, it's just theory. And isn't particularly helpful. Belief is not pertinent.
  5. dbphoenix

    switching gears to Price Action via SLA

    The PDH and PDL aren't necessarily relevant, at least anymore so than the ONH and ONL. They represent potential "levels of interest", but they have little to do with decision-making. The first task is to find the range, the level or zone where traders have found equilibrium. If you can't do...
  6. dbphoenix

    When Indicators Don't Lag

    Unfortunately, most go off the road. They're so excited about any profit, whether planned or accidental, that they cut their profits short and settle back into their normal modus operandi. Which is why theoretical discussions about this sort of thing may be interesting and even fun, but they...
  7. dbphoenix

    When Indicators Don't Lag

    And riding a losing trade negates wins.
  8. dbphoenix

    When Indicators Don't Lag

    Which is essentially a coin flip.
  9. dbphoenix

    switching gears to Price Action via SLA

    You don't say how and why you identified 4331 and 4272 as the extremes, but I'll assume that you didn't look at the charts I posted pre-market. If you had, you would have seen that the extremes were less than this, in the case of the lower extreme considerably less. The simplest and not...
  10. dbphoenix

    When Indicators Don't Lag

    Which is where "divergences" come from. As each of them measures a different aspect of price from the actual print, and as each of them individually can measure these aspects in a multitude of ways depending on the "settings", divergences are an illusion, at least insofar as they are...
  11. dbphoenix

    switching gears to Price Action via SLA

    Depends in part on what one is looking at. The following is a sample tick chart that is part of my Developing a Plan pdf. The segments A-F are 1m each, and the OHLC bar and candle under the first one show what all these ticks would look like if they were consolidated into one or the other...
  12. dbphoenix

    The Foresight Thread

    The SLA/AMT
  13. dbphoenix

    Anyone gave up trading for a living?

    I haven't characterized this market, but it looks to be mean-reverting. If that's the case, then the probabilities are to the upside. The chart you posted doesn't require any annotation to see that price is, or was, moving sideways over the past couple of days with an upper limit of 34 plus...
  14. dbphoenix

    The Hindsight Thread.

    The Foresight chart may be found here.
  15. dbphoenix

    9 Things Many Americans Just Don’t Grasp (Compared to the Rest of the World)

    This kind of thread brings all the sociopaths out :)
  16. dbphoenix

    Gold, Silver, and Indexes Using Price Action

    That failure at 1005 spelled doom, at least temporarily. The interday trader can't see it unless he's watching the live chart. You were smart to scratch it. Note: being around this median really messes things up. And we could be straddling it for days.
  17. dbphoenix

    If you had to do it all over again.......

    It's easy to argue against free if it's nonsense. Look at all the free nonsense that's posted about patterns and indicators and candles and displays. As for using W's residence as evidence of success, he may have acquired the money through selling courses and newsletters. What beginners need...
  18. dbphoenix

    It's Official, this Country is Fucked up

    American Exceptionalism. (though not in a good way)
  19. dbphoenix

    If you had to do it all over again.......

    Maybe he was successful, maybe he wasn't. That's not the point. There's a nearly infinite amount of "free information" out there that is not only completely useless but is presented in such a way as to direct the beginner onto a path that will lead to discouragement and failure. Beginners are...
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