Keeping It Simple
- Thread starter dbphoenix
- Start date
My, my, my, how busy it has become all of a sudden. I'm assuming that inandlong must have said something, but since he remains on my Ignore list, I don't have to deal with it.
But as for Jordan's remarks, I should point out that I have been making a living off the markets since '89. I didn't start daytrading until about a year and a half ago and was relatively successful with a retracement strategy. When that began to fail, I experimented with scalping. Like j, I wasn't satisfied with it. When Mike suggested some avenues that I could use to tweak what I had been doing before I tried scalping (there are only three areas of similarity between what Mike is/was doing and the strategy I've posted), I backtested it, then forward-tested it, and was pleased with the results. And here we are.
As for the thread, there would be nothing to post if no one were interested. J and Jerry and Banker and I could all PM each other, of course, but of what benefit would that be to the ET community? As it is, only a handful of people are willing to be specific about what it is they're doing so that others can learn from it. Everbody else just plucks quotes from this or that book and assumes an air of experience and expertise.
For what it's worth, practically everything I do is straight out of Richard Wyckoff. There will be those who think that Wyckoff is impossibly complicated and those who think he is the essence of simplicity, just as there will be those who think that trading stochastic crossovers is simplicity itself, and others who get headaches just thinking about it.
I look at this thread as an opportunity to share ideas with other interested traders on keeping it simple. I can't imagine why that would bother anybody. It's not as if I skip from thread to thread urging people to come over here and abandon something else. I admit I don't understand why the thread receives so many views, but obviously there is interest in the discussion. When that interest evaporates, the thread will die.
I must say I'm sorry that Jordan has such a low opinion of me since I think he shows exceptional intelligence and perception, particularly in his current "pattern" thread. But it's not going to ruin my day. What I'm most interested in is this dialog and what I can learn from it. I have no interest in posts that do not contribute to it. I'll grant that I have a fairly lengthy Ignore list, but it does enable me to focus on the work, and that's what the option is for, after all.
Thanks again to those few of you who are really into this. I learn from you as often as you post. If you don't want to get caught up in silliness, I suggest you take advantage of the Ignore option as well.
--Db
Please see my post following your post on the patterns thread.
Peace dbphoenix.
And since you have inandlong on Ignore, he did set off a bit of fireworks, but also you will not see his admission of wrong - as I interpret it. But it might be that last sentence of your post there that is the kind of thing I see you do that could go without posting. Kind of the jab with an icepick, "oh did I do that" thing.
Again though, peace!
Peace dbphoenix.
And since you have inandlong on Ignore, he did set off a bit of fireworks, but also you will not see his admission of wrong - as I interpret it. But it might be that last sentence of your post there that is the kind of thing I see you do that could go without posting. Kind of the jab with an icepick, "oh did I do that" thing.
Again though, peace!
Regarding the "patterns" thread, it centers on a subject that has a great deal to do with "keeping it simple", and with how we so often make things unnecessarily complicated:
http://www.elitetrader.com/vb/showthread.php?threadid=12331
As for my post, it never would have been made if the pot hadn't been stirred. I'll repeat my advice: people who don't have the time to fritter away on flamefests would do well to take advantage of the Ignore option. That's what it's for. If you consider that to be a jab, that's what makes a horse race.
--Db
inandlong is one of the most consistently helpful and civil posters on ET, so i don't believe for one minute that his comments are out of line or dishonest or mean spirited db. db, there must be something to what he is saying even if you don't have a clue.
now, i am not attacking you, db, i enjoy your posts and comments, and i have no problem with your conclusions in general. they seem thoughtful and to the point.
i also see nothing wrong with inandlong criticism's or comments here on this thread, and i believe he has raised some valid points, and inandlong contributions keep this thread based well in common sense and on track.
thanks to both of you.
now, i am not attacking you, db, i enjoy your posts and comments, and i have no problem with your conclusions in general. they seem thoughtful and to the point.
i also see nothing wrong with inandlong criticism's or comments here on this thread, and i believe he has raised some valid points, and inandlong contributions keep this thread based well in common sense and on track.
thanks to both of you.
Just a heads up to let you know I'm still interested in what you're doing, especially the gap stuff. I have the results of Brandon Frederickson's work, but as the value of the NQ/ES continues to fall, that may have to be revised. For one thing, though the percentage value of the gap may remain the same, the point value may become so small that it won't make any difference whether one trades in the direction of the gap or not.
--Db
Good morning db,
I entered at 2 pts below 5 minute low of 996.5 at 994.5. Things turned around fast from the low so I wasn't very nimble on getting out of the short. I entered long at 1006 and 1011 was my target as I have ATR as around 25 and 1010 was 25 from low to high so exited +5. Curious how you got +6.5 on short. Looking forward to hearing from you.
Jerry