Have you used dbphoenix's teachings to become a successful trader?

dbphoenix said:
If by "trade what you see" you mean "trade what you see, not what you think", then yes, if you're seeing what you've been looking for as a result of your testing which yielded consistent profits over a series of trades. It is not touchy-feely by any means. One of the essentials is the precis of the scientific method I posted four up.

Does it give you an edge? Maybe not as much as being married to Lloyd Blankfein's daughter.
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never mentioned anything about feelings in my post.

so u are saying that the method has an edge?

do we need an edge to profit from the markets?
 
Visaria said:
never mentioned anything about feelings in my post.

so u are saying that the method has an edge?

do we need an edge to profit from the markets?
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I assume that trading what one sees without basis in any sort of thoroughly-tested trading plan involves feelings. That may not be the case.

Yes.

On a consistent basis? Yes.
 
I think your method makes money from the market, but it relies on behaviour and character of the market, which is not an edge imho. this is why i query whether one needs an edge to make money.
 
Visaria said:
I think your method makes money from the market, but it relies on behaviour and character of the market, which is not an edge imho. this is why i query whether one needs an edge to make money.
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Depends on how one defines "edge". In re my approach, the edge begins with the knowledge one gains through his research and testing that a particular market behavior offers a
level of predictability that provides a consistently profitable outcome over time (from Douglas).
 
dbphoenix said:
Depends on how one defines "edge". In re my approach, the edge begins with the knowledge one gains through his research and testing that a particular market behavior offers a
level of predictability that provides a consistently profitable outcome over time (from Douglas).
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Douglas is an idiot who doesn't even trade. Kind of like you db.
 
Curious, why doesn't anyone make a video instead of posting charts with lines on them? It'll be so much easier to explain certain concepts. So many times on ET, someone will post a chart with a few lines on them and no explanation. Even if there is an explanation, it's always in Jack Hershey type gibberish that makes you want to smash your head against a wall. A video is worth a million words. Start something on YouTube. You can monetize your videos and make some money as an incentive.
 
A video is good only for the chart used for the illustration. The concepts, however, apply to all means of illustrating price movement, whether on a chart, a T&S display, or a ticker.

As for the "no explanation":

http://www.elitetrader.com/et/index.php?threads/if-you-can-draw-a-straight-line.276076/

http://www.elitetrader.com/et/index.php?threads/son-of-if-you-can-draw-a-straight-line.278341/

http://www.elitetrader.com/et/index.php?threads/bride-of-if-you-can-draw-a-straight-line.279387/

http://www.elitetrader.com/et/index.php?threads/ghost-of-if-you-can-draw-a-straight-line.280889/

http://www.elitetrader.com/et/index.php?threads/house-of-if-you-can-draw-a-straight-line.287955/

http://www.elitetrader.com/et/index.php?threads/trading-the-sla-amt-intraday.289624/

http://www.traderslaboratory.com/forums/wyckoff-forum/6185-wyckoff-lite.html

http://www.traderslaboratory.com/fo...yckoff-law-supply-demand-auction-markets.html

http://www.traderslaboratory.com/forums/wyckoff-forum/

As well as the various journals of those who are exploring Wyckoff's approach (search for "SLA" or "Wyckoff" for a start, the least troll-infested being damnpenguin's, boru's, gears', lajax', and Gringo's. These aside, there are many interesting troll fights in the ET threads listed, if you're into that sort of thing.
 
VPhantom said:
You can't deny that the psychological attitude that his "zone" describes is useful for newcomers to stop gambling or predicting and to start thinking in terms of probabilities.
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Its simply a different way to think sbout the market. Just because you "think" in probabilities it doesn't make any different in the reality of the market. The market is numbers, if it can't be quantified, it is mumbo jumbo.

In addition, all trading is prediction. If you are deluded enough not to predict by thought, you are sinply predicting by action. The action of taking a directional trade or the action of placing a non directional trade which is predicting volatility rather than price.

Why is seeing reality so very hard??? This isnt directed at you phantom. But its in general.

Peace. Surf
 
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