Son of If You Can Draw a Straight Line . . .
- Thread starter dbphoenix
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DB i owe u alot , i learned alot from u and i do have alot of respect to your work u put in all your threads accross the forums ,its second to none..
but i hope all the shmooze u get to know all these years didnt put u on ones high horse ... as it seems if someone asks not the right questions or does it a lil different then your teachings , u seem to spurn / question a whole person an its POV / way of doing things..
Hello everyone, I am working my way through reading this thread and applying the techniques bar by bar. I have started marking up charts and analyzing them using demand lines and supply lines and thinking about what price is currently doing in relation to supply/demand.
I marked up the following charts of Friday's (18th Oct) S&P Emini (ES) chart in accordance (hopefully!) with db's guidance in this thread.
I would really appreciate feedback from you guys. I have much to learn, but I am working hard at forgetting all the crap and bad habits I have learned over the years.
I look forward to contributing to the discussion here.
http://imgur.com/a/CElej (album link if images do not appear)
Thanks
I marked up the following charts of Friday's (18th Oct) S&P Emini (ES) chart in accordance (hopefully!) with db's guidance in this thread.
I would really appreciate feedback from you guys. I have much to learn, but I am working hard at forgetting all the crap and bad habits I have learned over the years.
I look forward to contributing to the discussion here.
http://imgur.com/a/CElej (album link if images do not appear)
Thanks
MadeMan,
This thread is about a certain way of trading: The straight line way. The questions that are not related to the topic of this thread get less of a preference than those directly related to it. Those who start drifting away from the topic at times get ignored. Despite all that, it's a voluntary exchange of information. No one is obligated to do anything. No one's even obligated to read this thread, and certainly no one is obligated to answer.
Those with a different point of view and questions are encouraged to start their own threads. They are more likely to get answers more pertinent to what they want answered. Yes, there are times when the burdens of trying to teach this way of trading takes it toll. It's not easy to keep spending time for invisible online people. If you'll notice, one week ago, the trading session from open till 1100 EST was discussed, with charts and at crucial intervals, in quite some detail. Participants were given time to try and answer posted simple questions. It took a lot of effort and a lot of hours to get through.
Those who paid attention would have noticed there were quite a few people, including Db, who were trying to add to that conversation even late at night on a weekend. I can assure you it's not easy to spare so much time even to help someone else, but there these people were, discussing away without regards to the time of the night. If someone is dedicated enough to continue with this method, Db has done more than enough for that person. Understandably, there are times when despite all the effort, the message doesn't get through. It's at these times the frustration sets in. This frustration isn't because someone's asking a non-related question. It's mostly because the question is only partially related, and also reveals that the person asking it is has gone off track. Not off track in the sense of asking a foreign question, but in the sense that the question being asked to solve an issue is answerable from the already provided information. That person's mind is trying to introduce extra problems to somehow get to resolving the issue, which is un-resolvable because the person's lack of understanding of simpler matter. In reality there is no need to introduce a new set of concepts at that point. Perhaps the questioner isn't aware of this fact but some do recognize to their consternation that despite all the work, one sheep has been left behind. It's this realization that adds to the agony and frustration.
It's hard enough trying to teach to trade using a simple method. Trying to understand unrelated and indirect questions simply makes it undesirable to even venture into that secondary path leading into some dark alley. There is no guarantee that pursuing that path might not lead to an answer. There are many ways to skinning a cat. What is certain is that the person is unable to understand the simple, yet is attempting to venture into the complex, which to the helper seems less probable, and wasteful. The time of the questioner is not the only concern here, the effort required by the one trying to help is also a concern.
Despite all the long prose above, there is one simple question worth asking. What's wrong with someone getting on one's high horse? Is humility also demanded by those who are in need, from those who are delivering the gift? Not only do the needy want to know what the matrix is, they also want to have the red pill delivered with a sweet cake and a cherry on top.
Gringo
Seems like most of my posts are ignored. Tho I have contributed some. But that is fine. My head is thick or I perhaps I learn by looking down many of the dark alley's.
Yet I agree with the quote above. More than enough is there. I stopped trading for weeks and restarted with much improved results. I am reaching my goals... built around the progressively simplified method.
Db and a high horse? Why does he do it? Trying to teach something that 90% or so fail at?
Perhaps having mastered trading he is looking for a challenge even MORE difficult than trading?
Or he may be just by nature a teacher. Or something altogether different. I'm just glad he does, and for the contributions of those who have been able to move the conversation along.
Posts which have to do with the subject of the thread are not intentionally ignored. Sometimes posts are ignored because the poster is new and his post doesn't show up until long after the ship has sailed. In your case, however, AFAIK, the last charts you posted were nearly a month ago, and your comments had to do with pivots and dojis. And anyone who wants to get into that is welcome to do so. Elsewhere.
Why post off-topic content to a thread in which one has no interest? And if one is interested, why post off-topic content? This is an enduring mystery to me.
I think there is an important additional point to make about where the money will go. In most businesses a very large chunk of the money will go to those that are serious about the work but a fair sized chunk will remain and go to those who are semi-serious about the work. But not in this business.
Virtually all the money goes to those that are serious. If it is a 70//30 split in most businesses then it is 90/10 here or maybe 95/5. Finishing second as a trader can amount to suprisingly little because it splits among the many who semi-serious whereas first place money splits among few. Conceptualize it as follows: There is the gold, the bronze (no silver for second) and the third place medal is crafted from sewage.
It is not easy to shake the concepts you have held about the world for many years until you realize the nature of how you will (or will not!) be compensated makes trading a very different world. It can't be changed or beaten. Get used to it. The faster you recognize you are through the looking glass the sooner you can begin to learn. There are tons of would be traders who get stuck on these types of points and their education never actually begins.
Get used to it today.
Virtually all the money goes to those that are serious. If it is a 70//30 split in most businesses then it is 90/10 here or maybe 95/5. Finishing second as a trader can amount to suprisingly little because it splits among the many who semi-serious whereas first place money splits among few. Conceptualize it as follows: There is the gold, the bronze (no silver for second) and the third place medal is crafted from sewage.
It is not easy to shake the concepts you have held about the world for many years until you realize the nature of how you will (or will not!) be compensated makes trading a very different world. It can't be changed or beaten. Get used to it. The faster you recognize you are through the looking glass the sooner you can begin to learn. There are tons of would be traders who get stuck on these types of points and their education never actually begins.
Get used to it today.
I do understand why in a general way. And in my case I apologize. I am more interested than I can say, but the fault is mine in wandering off topic.
I do perseverate in problem solving, which makes it hard to fit in and participate. Probably not the easiest student to have...
but none of that means I can't comply on topic in future posts.
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