Bride of If You Can Draw A Straight Line

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Quote from pinkman:

I've just seen this on the off-chance. I spend my time here mostly in the CL journal and the ES journal livecall threads.

Anyway, assuming you're not winding me up, i'm afraid to say that I think you're wrong. I'm far from even being good(never mind great), to the point that I still wonder whether it's actually possible to be consistently profitable with our 'limited' resources.

Everything works some of the time, but nothing works all of the time.

I doubt i'll ever give up, though.
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I read your ES posts and you were spot on. Obeyed stops and targets. I think your mistake was going back to CL. Even then you're grinding it out with no substantial losses (as far as I can tell).

If you're spinning your wheels you may want to consider a way to filter your trades similar to how the ES fit your style.
 
Quote from IeatGoldmanSnax:

I read your ES posts and you were spot on. Obeyed stops and targets. I think your mistake was going back to CL. Even then you're grinding it out with no substantial losses (as far as I can tell).

If you're spinning your wheels you may want to consider a way to filter your trades similar to how the ES fit your style.
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Thanks.
Yes, I live called about 100 ES trades, and most of them were winners. But then, I had a very strong bias for upside in that instrument. All of my trades were long, and due to the relentless bull market, they just about all worked :)

CL, i'm generally around breakeven over the last few months.

I do a little NQ and i'm up.

So over the last few months i'm MADE money (DB ;)) , but certainly don't consider myself 'good' yet.

thanks anyway
 
As for the NQ today:
Despite my rather young age, I'm having a few health issues, and had to go to Doctor and hospital appointments today, and so missed most of the action.

Managed 3 trades in the morning (UK time) . 2 winners and a loser. Positive again over all.
 

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Quote from pinkman:

So over the last few months i'm MADE money (DB ;))
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Whether you've made money or not is beside the point. You've guessed, and a bull market has been at your back. That won't last.
 
Quote from dbphoenix:

Whether you've made money or not is beside the point. You've guessed, and a bull market has been at your back. That won't last.
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He's developing. Although maybe his analysis may not be the best (your words not mine) his execution is way better than average. That's what eventually makes you the money.
 
Quote from athlonmank8:

He's developing. Although maybe his analysis may not be the best (your words not mine) his execution is way better than average. That's what eventually makes you the money.
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But you have no way of knowing whether his execution is better than average or not. Even so, none of this has anything to do with this thread, which is for those who are interested in the content.
 
I sincerely congratulate pink for his achievements, and hope that he keeps making lots of money, although his entries look great, they are not really related to the content of this thread, which is mainly about the lines, and following that logic.

I guess pink could open a new thread where he explains his methodology and get comments about it, or not. That is up to him.

Meanwhile all the active participants and ocassional lurkers here will appreciate if all of us could focus on the subject of the thread, that is, to be able to trade using the lines and the RETs in the most minimalistic way.
 
Quote from niko:

BTW, i found this http://www.elitetrader.com/vb/showthread.php?threadid=29005

Great stuff from other times that i wanted to highlight, not trying to derail the conversation from the lines and rets :) .
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niko, haha, I was just looking at this stuff earlier today. What are the odds that we would both be looking at old material out of the blue today, and especially that you would post it? Kind of funny.

Not sure if this is too far off topic, but going through some of this stuff, and even seeing the evolution of the past three threads on the method made me curious about how DB's approach and focus has continued to change.

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DB,

It is easy to see that you have a high mastery of understanding price movement in all of it's forms and the factors affecting it, would you say that mainly you have simplified things down in order to teach it better?

Or have you found that even with understanding concepts like channels, trends, volume changes, climaxes, breakouts, etc, even for yourself, the results have continued to improve as you've slimmed things down?

It was just a passing curiosity that I had while thinking about these things earlier today.
 
Had there not been a time stamp I would have thought Db wrote that stuff this week. Maybe there is some truth to this supply and demand business. It still is strange to read almost exactly the same advice after nearly a decade of its writing.

It highlights another important point regarding price action trading. Price action trading stands the test of time. It could also mean Db is the biggest con artist who takes pleasure in giving the same advice over and over again year after year. Or maybe, just maybe what he's saying might be the truth and all one needs is a little focus, some determination, and a little bit of luck, and it might actually all come together.

Gringo
 
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