I haven't studied soybeans, but I see no errors per se. However, I wouldn't call the "opportunities" at the median "favorable". At the very least, they are messy. There is also the question of stop placement. Entries off the extremes continue to be the cleanest and the easiest to manage.
Observations (an example)
- Thread starter fortydraws
- Start date
- Status
- DP's introduction
- Wyckoff's original 400-page course (PDF)
- Wyckoff's original 100-page supplement (PDF)
- DB's SLA-AMT summary document
- Keeping It Simple (DB's original thread from 2002, which includes plenty of hand-holding entries and exits focused on trend channels)
- Keeping It Simple II (DB's follow-up thread from 2003)
- If You Can Draw A Straight Line . . . (DB's play by play from 2013, including some very interesting journal posts from @fortydraws in August and September)
Thanks fortydraws, the links work fine.. although many of the charts in ET's threads are missing.
Baron and other ET moderators did a really BAD job in re-formatting the ET forum (more of a downgrade in my view).
Baron and other ET moderators did a really BAD job in re-formatting the ET forum (more of a downgrade in my view).
Oh there you are! I am only now discovering this thread! (Which is now becoming the 8th bookmark in my edition of that list.
) That's the downside of checking out your posts in chronological order (I'm on page 10 of 18 moving towards 1...)Despite whatever difficulties there may be - be they trolls or be they technical, I am very grateful for the existence of a "place" like ET. I am finally looking to open a second futures account for overnight swing trading (see the soybean chart above - its been a long work in progress for me), and rather than open a second account at IB (an ET sponsor) where I do my NQ day trading, I would like to have an account at a different broker. I have been using the sponsor links here at ET to investigate other brokers, and I will not do business with a broker that isn't an ET sponsor. Why should some non-sponsoring entity benefit from the education I found here at ET? In spite of a few bad eggs and a few technical hiccups, ET is an excellent resource for me, and my experience has been 90% positive. Be grateful for the free information and don't sweat the tiny glitches
(and don't let yourself feel entitled - if you are looking for trading related services, look to the ET sponsor list first and if there is a vendor you want to explore, click through from here - it is good business for all of us).
Despite whatever difficulties there may be - be they trolls or be they technical, I am very grateful for the existence of a "place" like ET... Be grateful for the free information and don't sweat the tiny glitches
(and don't let yourself feel entitled - if you are looking for trading related services, look to the ET sponsor list first and if there is a vendor you want to explore, click through from here - it is good business for all of us).
Sorry if I sounded ungrateful or having a sense of entitlement..
I do appreciate all that Db, yourself and many other traders (successful and unsuccessful ones) have shared and continue to share in this and other forums.
But if you have checked Db's past straight line journals in ET, Db's missing charts do affect what he had written to support his views. They are certainly NOT tiny glitches. And it is a real shame in my view that all the effort that Db took to post those charts (and other posters' in past threads) have gone to waste.
But as you have put it, be grateful for whatever free information there is and this is something I will always keep in mind.
Thank goodness your charts are still in the thread and I better downloaded them before ET decides another "upgrade"..
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I've responded to PMs about these charts and pointed out that they are for the most part irrelevant. After a dozen, they're all about the same. Ditto with the posts; they get repetitive real fast (which you may have noticed in the current thread about whether or not anybody benefits from this). I learned long ago to save whatever I cared about in pdf form, and so it is. Everything you need to know is in the SLA/AMT pdf. There are no wasted words.
What I did ten years ago or fifteen or twenty isn't relevant. Some would love to know how many ticks above the "close" of what bar interval in a retracement one should enter with what kind of entry order but it should become clear to anyone who's traded this for more than a day that such information is useless; what is most important is whether or not the trader wants to be in the trade. If he wants to be in the trade, he should take it. If he's not sure, then he shouldn't take it. He will very quickly learn unless he is as dumb as dirt what he needs to look at in order to determine whether he wants to be in that trade or not. Which is where this thread is particularly valuable.
'what is most important is whether or not the trader wants to be in the trade'
why trader take a trade but not want be in it???
why trader take a trade but not want be in it???
If he takes the trade, then of course he wants to be in it. The difficulty lies in deciding whether he wants to be in it or not. By the time unprepared traders make up their minds, the trade is gone.
You're fine, fourtiwinks. My post was a reminder to all that it is better to be thankful for what we have than dwell on what we don't. Even the slightest bit of ill-feeling can derail the best of plans. In other words, "don't worry ... be happy."
And the "entitlement" was for us all as well - ET is FREE. We should do whatever we can to support its owner and his employees.
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