Did DB and the Price Action Scribblers Throw in the Towel?

[marketsurfer]

Surf forgets that he's been banned from ET before and warned by ET management about starting these types of threads or invading threads by others to start these types of discussions...involving going after the same person.

Just remember this. He's a big supporter of Timothy Sykes, he's posted Sykes statements to show verifiable proof that the guy is profitable. Ironically, Sykes uses chart patterns, gives webinars (its all on Youtube) about chart patterns, uses technical analysis in combo with his use of fundamental research.

That fact implies this really is not about price action traders, not about technical analysis, not about chart patterns, not about live calls, not about verifiable proof, not about someone's academic research that proves most patterns don't work...its just personal to him and about one person only.

Heck, the guy rarely post here and surf is still attacking dbphoenix. We get it, surf doesn't like the guy, doesn't like what he teaches or sold...he needs to get over it considering his bashing of one while supporting another for doing almost the same thing.

Just doesn't make any sense unless its just personal.

This is not correct-- i was banned for promoting my competing site.

I have nothing against DB or anyone-- its his promoted ideas that don't make sense so i try to point that out.

Sykes has/had a legitimate proven edge. The scribbler brigade does not. Huge difference.

Just wanted to set the record straight.



surf

 

[wrbtrader]

That's partially true involving the first time you were banned.

The second time you were banned...occurred down in the Feedback section and I was there and I do remember after all the attacks on dbphoenix and price action traders...Baron showed up and specifically said he's tired of this crap...you're banned.

I have the thread link if you're interested and why did you post this thread in the Psychology section...what's wrong with Chit Chat section ???

Finally, I'm not debating the issue if Timothy Sykes has an edge or not. The fact that you keep saying he does have an edge and you've posted verifiable proof that Sykes is a profitable trader while you know he uses (still does) chart patterns, technical analysis in combo with fundamentals...can't you see it doesn't make any sense to bash price action traders for doing the same thing.

The only thing really different is that Sykes is exploiting a niche involving Penny Stocks. Yet, he's still using price action trading with fundamental analysis.

Here's the question while we both know most traders (any type of trader) do lose.
Does price action trading work or not for a few ???

Its just a simple question.

P.S. We can also say because you posted verifiable proof that Timothy Sykes is a profitable trader...proof that fundamental analysis works for a few ???

 

[marketsurfer]

That's partially true involving the first time you were banned.

The second time you were banned...occurred down in the Feedback section and I was there and I do remember after all the attacks on dbphoenix and price action traders...Baron showed up and specifically said he's tired of this crap...you're banned.

I have the thread link if you're interested and why did you post this thread in the Psychology section...what's wrong with Chit Chat section ???

Can you link to the "attacks" on DB that resulted in the marketsurfer character being banned, please.

I will gladly apologize for ANY personal attacks. That's not my intention at all .

It was posted in psych because the scribblers seem to blame psych for their failures rather than the methodology.

Regarding sykes -- he uses a combination of fundamentals and charts. Fundamentals he develops a bias, then with a chart he times his entry in the already biased direction. This can make sense in low volume manipulated penny stocks.

My beef is with the pure price action people. Price and volume only In efficient markets like the eminis. Etc. It does not work And no evidence xists of it working.

Thanks,

surf

 

[londonkid]

In UK we call it being a shit stirrer.

In scotland they call it being a c***.

 

[JTrades]

In UK we call it being a shit stirrer.

In scotland they call it being a c***.

In [wherever I'm from] they call it surf 'n' turf.

 

[wrbtrader]

Can you link to the "attacks" on DB that resulted in the marketsurfer character being banned, please.

I will gladly apologize for ANY personal attacks. That's not my intention at all .

It was posted in psych because the scribblers seem to blame psych for their failures rather than the methodology.

Regarding sykes -- he uses a combination of fundamentals and charts. Fundamentals he develops a bias, then with a chart he times his entry in the already biased direction. This can make sense in low volume manipulated penny stocks.

My beef is with the pure price action people. Price and volume only. This does not work And no evidence

Thanks,

surf

surf, no apology needed nor asked. The thread was about another topic until you showed up to make it about dbphoenix, price action trading and a few other topics...derailing the thread...quote below by Baron from the thread after you posted another attack on technical analysis (nothing about pure price action trading).

What I'm finding bothersome about you is that you are excessively argumentative, have zero concern for how you are derailing threads, repeat your opinion over and over.... and over.... and over, and you are extremely narcissistic. It's almost as if your only agenda is to bring attention to yourself. If a thread was dedicated to you solely, ok, I could see you cutting loose on everybody. But virtually all of the threads that you get in personal pissing matches in have absolutely nothing to do about you. This is the second day in a row that I'm faced with having to remove pages and pages of just pointless arguing and thread-derailing posts from you, just in this one thread.

Furthermore, you've been generating a ridiculous number of complaints lately with virtually nobody else really stepping up and defending you. I like you as a person in real-life but this online persona you've got going on is just out of bounds on many levels, so I'm sorry to say that the party is over.

You're banned.

The above was pulled out in the thread with topics like Rodney King, technical analysis, price action traders (you never said pure price action), ACD method (you support and do not attack) and so many other topics...Baron got tired of it and how it brought out the same folks to do the same.

Yes, I did state that Sykes uses charts in combo with fundamentals. Thanks for acknowledging such.

As for your issue with "pure price action" traders...that's the first time I've seen you say such. In the past, as you did in your opening statement in this thread and the thread title...you only use the phrase "price action scribblers"...they are not "pure price action" traders as noted by others and a definition by NoDoji.

Dbphoenix uses volume analysis although I've seen some charts without volume. He even has a thread about volume analysis. Also, he states he does use money management / risk management and that its important (do you need me to find his quote ?). Therefore, he's not in the category you just said now as documented your beef is with "pure price action" scribblers. If so...who are these "pure price action" traders ??? Can't be dpbhoenix...a volume user. Can't be NoDoji...use a price action moving average...can't be Timothy Sykes because you support him and he uses price action trading with fundamentals, can't be ACD method because you support it and is on record in stating "it may work"...who are those pure price action traders ???

As for you posting this thread in the Psychology section...how many pages has gone by since someone (you) has even used the word Psychology ???

Therefore, if that's truly your attention...is it possible for you to actually discuss psychology ???

For example, without naming folks...I do remember 5 specific "price action scribblers (not pure price action traders) saying they're having problems learning the scribble method. Yet, in another thread, they do acknowledge they do have a discipline issue, problems understanding the method while others say they get it...I think that would fall under the psychology discussion.

Also, getting back to your use of the phrase "price action" in your thread title (nothing about pure price action traders in the title)...what psychological discussion do you want to have about the psychology involving pure price action traders ???

Seriously, if you want me to believe this thread is about Psychology...please discuss such AND I will gladly enjoy such a discussion because I'm heavy into Psychology because I'm a strong believer its something that's needed by a discretionary trader (someone not using automation trading).

Once again, what psychological discussion do you want to have about the psychology involving pure price action traders ???

 

[marketsurfer]

surf, no apology needed nor asked. The thread was about another topic until you showed up to make it about dbphoenix, price action trading and a few other topics...derailing the thread...quote below by Baron from the thread after you posted another attack on technical analysis (nothing about pure price action trading).



The above was pulled out in the thread with topics like Rodney King, technical analysis, price action traders (you never said pure price action), ACD method (you support and do not attack) and so many other topics...Baron got tired of it and how it brought out the same folks to do the same.

Yes, I did state that Sykes uses charts in combo with fundamentals. Thanks for acknowledging such.

As for your issue with "pure price action" traders...that's the first time I've seen you say such. In the past, as you did in your opening statement in this thread and the thread title...you only use the phrase "price action scribblers"...they are not "pure price action" traders as noted by others and a definition by NoDoji.

Dbphoenix uses volume analysis although I've seen some charts without volume. He even has a thread about volume analysis. Also, he states he does use money management / risk management and that its important (do you need me to find his quote ?). Therefore, he's not in the category you just said now as documented your beef is with "pure price action" scribblers. If so...who are these "pure price action" traders ??? Can't be dpbhoenix...a volume user. Can't be NoDoji...use a price action moving average...can't be Timothy Sykes because you support him and he uses price action trading with fundamentals, can't be ACD method because you support it and is on record in stating "it may work"...who are those pure price action traders ???

As for you posting this thread in the Psychology section...how many pages has gone by since someone (you) has even used the word Psychology ???

Therefore, if that's truly your attention...is it possible for you to actually discuss psychology ???

For example, without naming folks...I do remember 5 specific "price action scribblers (not pure price action traders) saying they're having problems learning the scribble method. Yet, in another thread, they do acknowledge they do have a discipline issue, problems understanding the method while others say they get it...I think that would fall under the psychology discussion.

Also, getting back to your use of the phrase "price action" in your thread title (nothing about pure price action traders in the title)...what psychological discussion do you want to have about the psychology involving pure price action traders ???

Seriously, if you want me to believe this thread is about Psychology...please discuss such AND I will gladly enjoy such a discussion because I'm heavy into Psychology because I'm a strong believer its something that's needed by a discretionary trader (someone not using automation trading).

Once again, what psychological discussion do you want to have about the psychology involving pure price action traders ???

I apprieciate the calm and reasoned approach, but i need to correct several misstatements of fact.

Pure price action includes the use of volume in my definition and most others.

I dont support ACD or any method that uses just price and volume with no other inputs for a retail trader. Clearly, HFT thst can spoof and get between spreads etc its another story.

I dont have an issue with ACD because the protagonists dont make wild, inaccurate claims or say things like they apply statistics based on 100 or even 20 observations ( patently false and a major misuse of terms to gain credibility) even things like charts can signal where the big money is stationed! False false and false!

Secondly, psychological issues are 100% derived from the traders relationship with money. This is why many traders do well with simulator but fall apart with real money.

These money issues can be fear, guilt or even feeling bad about making easy money when succesful.

These issues come from childhood and must be managed first.

Peace.

surf

 

[i960]

When it comes down to it why do we even have this thread? Who cares what other traders are doing. Focus on your own methods and help others who help you. This isn't a competition between retail traders anyway. They're not the enemy.

 

[wrbtrader]

...Pure price action includes the use of volume in my definition and most others...

Secondly, psychological issues are 100% derived from the traders relationship with money. This is why many traders do well with simulator but fall apart with real money.

These money issues can be fear, guilt or even feeling bad about making easy money when succesful.

These issues come from childhood and must be managed first.

Peace.

surf

I was under the impression "pure price action" traders only use price and nothing else. Therefore, if a pure price action trader is allowed (via your definition) to plot volume on their charts to still be able to be called "pure price action" trader...its your definition.

In contrast, there's many definitions floating around out there via my discussions with institutional traders, fund managers and retail traders...definitions that differs from yours.

My own personal definition of a pure price action trader is someone that doesn't use charts. Instead, they only use Dome, Bid & Ask, Time & Sales screens. The difference in our definitions may also be due to countries. Most of those I know are in Europe and Asia.

With that said, some questions for you.

Question #1 - Do you still call someone a "pure price action" trader if they use charts (no volume) are also heavy into money management ?

Question #2 - Do you still call someone a "pure price action" trader if they use charts (no volume) in combo with DOME / Bid & Ask screens ?

Question #3 - Do you call a Forex trader that uses charts (but there's no volume) a "pure price action" trader with nothing else plotted on the charts ?

You said...

Secondly, psychological issues are 100% derived from the traders relationship with money. This is why many traders do well with simulator but fall apart with real money.

Some but not 100% as many psychologists stated. Wall Street has been heavily studied by psychologists and many firms have their own in house psychologists...most issues aren't related to money.

Need for admiration, Narcissistic, Trapped, Inability to Manage their life as a trader, Inability to Apply their trading plan, Lack Confidence, Relationship Problems and so on.

The above are not my opinions. Instead, its just stuff I've read by psychologists that work with retail traders and professional traders. Most issues were noted as beginning in childhood or puberty years.

A close friend of mine, her son landed a sweet internship at an institutional firm. He had to go through a two day barrage of psychological testing. Imagine if brokers did such to retail traders prior to allowing the first trade...I'm guessing most wouldn't pass.

P.S. I will now assume that when you say "pure price action" traders...you're not talking about price action traders that use charts in combo with fundamental analysis...as a few scribblers noted that they do such. I would hold my opinion about Forex traders that do not plot anything on their charts and do not have volume...not sure how you would define them especially those scribblers at ForexFactory.com

good night

 

[Buy1Sell2]

There are many ways to skin a cat. No need to put down one method just because it doesn't work for you. I reckon there are many different methods that work in all kinds of markets. One has to find a method that suits one's temperament and circumstances. I would think that most really successful traders would not feel the urge to visit forums like this and advertise their success.

another alias for a scribble educator