Ghost of If You Can Draw A Straight Line

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Quote from dbphoenix:

If you mean the posted short, that was explained in the first post for this morning.
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yes i get it, but why ? just because a DL has been broken and it
was the first retr. ? so , basically we can discrecard everything price
has done thus far ?aswell as where price is atm? simply put ,just buy or sell , a broken Line`s first retr. ?
 
Quote from dbphoenix:

Yes.
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dude, u are a master in reading and judging the markets by its own action! and after all that, it all comes down to this simple approach!?! simplicity and purest form of trading

i dont know ,what to say...

but still, u could have avoid some losses.. could u ?

in all honesty, doesnt it take some time or cause.. till a shift in balance/imbalance takes place.. rather then a break of a line and a first retr. ? , to justify an entry ?
 
an example , of how to read and judge the market.. yes in hindsight but still... after the 50% takeout , price doesnt show signs of selling pressure we drift at the level... no need to short

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Quote from MadeMan:

dude, u are a master in reading and judging the markets by its own action! and after all that, it all comes down to this simple approach!?! simplicity and purest form of trading

i dont know ,what to say...

but still, u could have avoid some losses.. could u ?

in all honesty, doesnt it take some time or cause.. till a shift in balance/imbalance takes place.. rather then a break of a line and a first retr. ? , to justify an entry ?
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I don't mean to be abrupt, but I've been through all this in detail in four threads. If the above is news to you, then you have a lot of reading to do.
 
The following are updates of the daily and long-term (2009) charts posted at the beginning of the thread.

Trolls will note than price reversed exactly at the level I said it would.
 

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Quote from dbphoenix:

I don't mean to be abrupt, but I've been through all this in detail in four threads. If the above is news to you, then you have a lot of reading to do.
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yes its news to me, iam old school u know? the old school DB who
taught insights on market behaviour...

not, if this do that approach,..... based on a broken line and a retr.


well,... guess i have to go down the road aswell , and might find me
at the same spot you r at right now ie. coming to the same
conclusion.. till then all the best , see you at the other side...
 
Quote from niko:

House of if you can..... :)
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You beat me to it Niko ! I didn't have a chance to read the journal during the day.
DB - why Frankenstein movie names?
 
Quote from pokito:

You beat me to it Niko ! I didn't have a chance to read the journal during the day.
DB - why Frankenstein movie names?
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More fun than Part II, Part III . . .
 
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