lol. Just rolling on the floor laughing my fucking ass off lol.
You can hover your mouse cursor over the post time - the post was 9:34. I shorted the break below 19, the stop and reverse to long was indicated by the higher low. Your opinion, as usual, is quite wrong.
You're right. It is much cooler for you to blame DbPhoenix and me, and everyone else who offered you a hand.
This is the last thing I will offer you specifically. It is up to you - not me, not DbPhoenix, not NoDoji, not Redneck, not BhProp, not KDASFTG, not any of the many who have offered you sound advice - to decide what, if anything, you will do with what follows. You! Here is the chart you posted over in the DbPhoenix bashing thread.
View attachment 149332
It is that simple - look for the higher low at support and look for the lower high at resistance and trade the failure. But if you cannot see it on a dead 5 second chart, however, how are you going to see it in real time? This is the stuff, kp, that comes from doing the work required of you. You protest, and say "but I
have been doing the work." But you haven't. Because if you have, you would not be at the same place you were a year ago, or even just five weeks ago. You would have discovered for yourself the importance of lower lows and lower highs and why sometimes they offer tradable opportunities while at others they are mere pauses on the road to the next level of value. You
are doing something, and you might even consider it to be work, but it is neither effective nor efficient, and it is yielding you nothing usable. The fact that you do it everyday over and over and expect it to yield something different and new for you is ... let me be charitable and just say that such behavior is, at the very least, self-defeating.
Anyhow, that is all I do - that
is the secret sauce. Lower highs, higher lows, and knowing where they might be meaningful (S/R) and where they are likely no big deal (a retracement in the area between an S level and an R level) and hence there is no edge to trading them or even using them as a stop on a long trade in progress. Here is something else: Before you see that lower high on a 5 second chart, you've already missed the first lower high. This is where I really do think I excel - I watch so closely and I have seen it so many times that I can see the first sign of failure more quickly than most are willing to believe. But here is the thing - whether you or anyone else believes doesn't matter to me. I know. You see, kp, I did the work, and I read the source material provided by DbPhoenix before hand, and so I knew what to look for and where to look for it. Why is this so hard for you to understand?
Having said that, I would also tell you that the reason neither DbPhoenix nor I can tell you
exactly what to look for is because
it is never exactly the same. Yes, a lower high is always a lower high, and a higher low is always a higher low, but no two are ever going to be identical. So this is where your watching and observing and learning need to kick in. Think this way: I read this somewhere and jotted it down - it might have been Mark Douglas, but I am not sure. It is not mine, and I might have paraphrased it or I might have quoted it verbatim, I take no credit for it, but I happen to think it is accurate: "Whatever your edge (higher probability of one thing happening over another) is,
it will never be exactly the same as the previous scenario because unless every single person who created the pattern in the past is present in this now moment, interacting (behaving) exactly the same way with everyone else, the patterns cannot be exactly identical." This is where focusing solely on the pattern, and not the underlying behavior can cause problems. If you look for a pattern that is never exactly the same, you will only catch those instances where the pattern is close to whatever your mind has told itself is the ideal pattern. But what about the low in your chart? Certainly not nearly as "clean" or as "clear" a higher low as was the lower high at the premkt high. But it is, nonetheless, a higher low at a level that one might have expected support.
Oh, and as to that 4319.50 low, most would probably be baffled as to how I could possibly say that that was a level at which one might have expected support. Thos who have taken the time to read and to study the source material, especially the AMT booklet, would have identified that to have been the mean of the premkt range. Everything anyone needs to get started with this has been repeated by DbPhoenix thousands of times. Why you or anyone keeps thinking he is holding back on any of us is the result of you not paying attention, not studying (reading is NOT the same thing as STUDYING). I'll tell you what brother - I studied. I studied my ass off, and I still do. Hardly a day goes by that I don't study a few pages (often far more than a few pages) of the source materials - Wyckoff, DbPhoenix, and some of the authors DbPhoenix has recommended, e.g. Douglas, O'Neil, Mamis. I
study.
And why am I pissed at you? Because rather than open your ears and do the work, you have become an ambassador of bullshit and negativity like so many here at ET. You are pissing in the well that has provided so well for me, and yes, I resent you doing so. How old are you? Where is your sense of self-responsibility? You say I am under no obligation to help you and yet you act as though you are entitled to that and so much more. My ten year old son is has the presence and sense of responsibility not to tell me that "that's not fair."
I remind you that this is the last thing I will offer you specifically. I remind you that it is now
up to you - not me, not DbPhoenix, not NoDoji, not Redneck, not BhProp, not KDASFTG, not any of the many who have offered you sound advice - to decide what, if anything, you will do with what you have just read.
. I will try to do a series in the premarket soon - I usually do not trade until after 9 AM EST - most of the time I wait for the NY session to open. I will also do another afternoon series like the one that I began this journal with, but again, it has to be when I am not in nor planning a trade. 