Really? Wonder why they're not posted?
Have you used dbphoenix's teachings to become a successful trader?
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Really? Wonder why they're not posted?
Go through his posting history, should be no problem for you.
My TL buddy sent me an email after reading my post earlier - he said he actually tested two systems from that site. One was a MACD w/moving average and the other was the floor traders method you mention. He ended up using something similar to but a bit different from both. He says he uses two moving averages like the floor traders method and stochastics in place of the MACD, but the price activity he trades is the ones captured by the floor traders method - pullbacks in a trend.
kp, you might find it worth your while to go take a look at it.
That's pretty sick, don't you have a life?
It's sick to read his posts? How can one avoid it? But then I read the posts as they were made. I've been here for a dozen years. I can't imagine anyone wanting to read them in hindsight.
Of course, he's been banned so much that there are big gaps.
The funniest thing about the "messianic complex" types that inhabit this site is that despite their claimed success they rarely rise above the ghetto of message board circular claims and defenses. Heck, even the most hated posted on here, Tim Sykes-- found his niche and is now a multi millionaire. Can you say the same DB or for that matter anyone?
You'd be surprised at how little I think about Tim Sykes. Or any other trader, pseudo or otherwise. You're all just anonymous handles on a message board, though the people I work with are much less so.
A friend of mine showed me a link to the floor trader's method some time ago and it looked like the way I trade. The problem is that you can lose a lot of money trading pullbacks in a trend. How, you may ask, is that possible when the technique is so elegant and simple?
It's possible if you haven't developed a plan for entering and exiting a trade upon each appearance of the setups that triggers an order.
It's possible if you've developed a positive expectancy plan for entering and exiting a trade upon each appearance of the setups that triggers an order, and you struggle to follow the rules of your plan.
It does NOT happen if you've developed a positive expectancy plan for entering and exiting a trade upon each appearance of the setups that triggers an order, and you follow the rules of your plan.
Charts and arrows and indicators and volume, even if all are in total alignment to indicate the highest probability trades imaginable, are absolutely meaningless in the absence of a trading plan and the ability to follow it.
For about the tenth time I'll ask:
Show me the trade logs of someone who has a tested plan for trading pullbacks in a trend and follows the plan on every signaled trade and is consistently losing money.
No one has been able to do this in the three or more years I've been asking for proof of this unicorn that the snake oil/guru accusers constantly discuss on this site.
There is, however, plenty of proof of traders who know what they're supposed to do and fail to do it, day after day. Then the snake oil/guru accusers point to these people and claim the trading tactics have no edge.
It's possible if you haven't developed a plan for entering and exiting a trade upon each appearance of the setups that triggers an order.
It's possible if you've developed a positive expectancy plan for entering and exiting a trade upon each appearance of the setups that triggers an order, and you struggle to follow the rules of your plan.
It does NOT happen if you've developed a positive expectancy plan for entering and exiting a trade upon each appearance of the setups that triggers an order, and you follow the rules of your plan.
Charts and arrows and indicators and volume, even if all are in total alignment to indicate the highest probability trades imaginable, are absolutely meaningless in the absence of a trading plan and the ability to follow it.
For about the tenth time I'll ask:
Show me the trade logs of someone who has a tested plan for trading pullbacks in a trend and follows the plan on every signaled trade and is consistently losing money.
No one has been able to do this in the three or more years I've been asking for proof of this unicorn that the snake oil/guru accusers constantly discuss on this site.
There is, however, plenty of proof of traders who know what they're supposed to do and fail to do it, day after day. Then the snake oil/guru accusers point to these people and claim the trading tactics have no edge.
This thread is about the DB teaching methods not does PA/TA work. Although it is obviously going to attract anti PA/TA types as well.
Did you develop your trading plan by observing charts in real time without thinking of entries?
Do you think this is a useful exercise for a beginner?