Help, I've been chopped!

[Xhale12]

I could care less about seeing a statement of hers.

It's fairly easy to determine who knows their stuff and whos just bullsh*tting. After starting to go through ND's posts, it's some of the best trading material I've read on this or any other forum (and I've read quite a bunch).

Thanks for all you do ND.

Will we ever see an audited statement backing up these boasts of taking millions per year out of the oil futures market?

Sure, 20 ticks on a bad day, 150 ticks on a good day, no losses. Anyone numerate with even a casual familiarity with futures markets would immediately grasp that you are claiming minimum $50k net profit per contract per year.

You still have time to post on ET some 9,000 times! And you really want to help others take your trades, so there is less profit for you?


And all from someone lacking basic mathematics knowledge.

Sure, there are people putting up mid 7 figures for their own accounts, but getting there requires so much creativity, intelligence, time, and hard work that I doubt that any such successful folks are inclined to post at ET on average 5 times a day for five years! And fewer still who want to create competition by disclosing exactly how they trade...

Why are some people so insecure that they find their self esteem in unearned admiration from the gullible? Or are there pecuniary advantages to being an Internet trading guru?


Only on ET: where those who need to believe meet those who need to pretend.

 

[k p]

The box you drew in red makes no sense because no trend has yet asserted itself. I see a low to the left that hasn't even been tested yet. Volman's all about trading in the direction of a defined trend. The second box makes sense because price is now clearly trending down and broke out of that consolidation that hadn't yet broke an earlier low.

Thanks for taking a look! I must have missed the fact that these Block Breaks are drawn around an area that is already appearing to trend. It does certainly make more sense this way. I was thinking just any area where the consolidation happens and the bars seem to be pushing against a level numerous times would qualify. And so my learning continues.....

 

[NoDoji]

Thanks for taking a look! I must have missed the fact that these Block Breaks are drawn around an area that is already appearing to trend. It does certainly make more sense this way. I was thinking just any area where the consolidation happens and the bars seem to be pushing against a level numerous times would qualify. And so my learning continues.....

Right, the context is more important than the pattern itself. My favorite trend following setup is what I call the 1-min continuation, most similar to Volman's First Break and Second Break. Now the pattern itself appears all over the place, but it's important to trade it in a strong trend or a strong trending move, not just anywhere the little pattern appears.

 

[cmb]

Sure, 20 ticks on a bad day, 150 ticks on a good day, no losses. Anyone numerate with even a casual familiarity with futures markets would immediately grasp that you are claiming minimum $50k net profit per contract per year.

You still have time to post on ET some 9,000 times! And you really want to help others take your trades, so there is less profit for you?

Hmm yes posting on ET does not take up too much time. 50k is only 5000 ticks, net profit per contract traded per year? isn't that what traders do? they make money. you know that 5000 ticks over 200 trading days is only 25 ticks a day.

 

[NoDoji]

Anyone numerate with even a casual familiarity with futures markets would immediately grasp that you are claiming minimum $50k net profit per contract per year.

That would be about right for an experienced CL scalper.

And you really want to help others take your trades, so there is less profit for you?

And fewer still who want to create competition by disclosing exactly how they trade...

I don't disclose exactly how I trade; I simply share the price action concepts behind how I trade. I can think several effective ways my top with-trend setup can be traded and Bob Volman's book describes it similarly with many examples of each setup.

Al Brooks gives away the keys to the kingdom in his books.

RN has shared the same stuff recently.

dbPhoenix is handing people money on a platter.

We're not creating competition because price action trading takes advantage of price value zones where large players will be likely to not only defend, but then push price to the next level.

The other reason we're not creating competition is because the amount of work necessary to master this is beyond the motivation of most people, and the type of mindset necessary to then trade a solid plan is so counter-intuitive that it feels like a brick wall to almost everyone who tries.

 

[dbphoenix]

The other reason we're not creating competition is because the amount of work necessary to master this is beyond the motivation of most people, and the type of mindset necessary to then trade a solid plan is so counter-intuitive that it feels like a brick wall to almost everyone who tries.

Particularly on a day when practically everybody is trading in the wrong direction, a statement like this rings like a Chinese gong.

 

[k p]

dbPhoenix is handing people money on a platter.

dbPhoenix is the tough but loving parent. He doesn't give it away, but tells you how to find it. He makes you start a journal, take notes, test patterns... all hard work! LOL... Sure its more rewarding in the end cause now you know how to do it, but I prefer the platter approach (ie. trade this setup which has an 80% success rate and just take the trade each time you see it!!!)

 

[Spectre2007]

you should only trade when extremes of emotion are present. That way prices will tend to be unidirectional. Some intraday time intervals are known to be quiet/consolidative in nature, ie lunch time.

 

[dbphoenix]

I prefer the platter approach (ie. trade this setup which has an 80% success rate and just take the trade each time you see it!!!)

I offer that as well, but hardly anyone partakes of it because they think it's a trick

 

[dbphoenix]

you should only trade when extremes of emotion are present. That way prices will tend to be unidirectional.

Funny. That's exactly the point I was trying to make in chat today.