The Foresight Thread

pokito said:
I got ya DB, sorry for digression.
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I'm not sure if it matters since the troll bus seems to have arrived. On the other hand, getting into trade management and risk management often gets into areas that people aren't always comfortable with on a public message board. But I'll be happy to answer any questions you may have about whatever it is you may be wrestling with.
 
dbphoenix said:
I hesitate to post this since it adds a layer of complexity, but if I don't, and we reverse at 4440, then there will be at least a few of the HaHa You Missed It type of posts, and since this is the sort of thing I look at . . .

I'm not making much of this because we did the same thing in December and January and moved to new highs anyway. And the weekly trend deals the cards. But it is April. And markets do change their strides. And this is over seven years now. So . . .

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As of today, price is above both the median of the weekly channel and that of this little pissant channel from last month to now. According to AMT, that suggests a move to 4440. But AMT is a theory. D&S is a law. What is most important is to be prepared.
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I also had been eyeing the downward sloping channel but the thought of having to explain the two channels and the TR and the why was just too much. It's not as bad for me mainly because most prefer intra-day, but the are so many now who disdain scribbling. It was never that easy to 'get it' and it's understandable. Hating for some reason isn't so understandable and I don't get what difference does it make in anyone's life whether what we're saying even works.

Gringo
 
Gringo said:
I also had been eyeing the downward sloping channel but the thought of having to explain the two channels and the TR and the why was just too much. It's not as bad for me mainly because most prefer intra-day, but the are so many now who disdain scribbling. It was never that easy to 'get it' and it's understandable. Hating for some reason isn't so understandable and I don't get what difference does it make in anyone's life whether what we're saying even works.

Gringo
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Well, tomorrow is the 20th chart. We'll see. There's nothing I can do about the interference, but it doesn't keep me up at night. I've been in the market since before most of these people were born. However, those who are interested do get tired of wading through all the troll nonsense. Again, we'll see.
 
dbphoenix said:
Well, tomorrow is the 20th chart. We'll see. There's nothing I can do about the interference, but it doesn't keep me up at night. I've been in the market since before most of these people were born. However, those who are interested do get tired of wading through all the troll nonsense. Again, we'll see.
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And "Winter is Coming". So is May.
 
Gringo said:
but the are so many now who disdain scribbling. It was never that easy to 'get it' and it's understandable. Hating for some reason isn't so understandable and I don't get what difference does it make in anyone's life whether what we're saying even works.

Gringo
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The real issue, imo, is that a few who for whatever reason disdained DbPhoenix have now allowed that disdain to attach to his work. Of course, these people are failed or non-traders. How else could they fail to see how ridiculous it is to in one breath claim to be a trader, while in the next they toss support, resistance, ranging, trending, breakouts, retracements and all manner of basic price analysis tools out the window. The real curiosity is why to so many who have no skill nor inclination to develop a skill for trading by price hanging out with someone like DbPhoenix in the first place?
 
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So where does one buy and where does one sell?

If he doesn't know, he should start here.
 
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I'm assuming you went short an hour or so ago, under the blue line with an entry at about 4393.50? I guess you've been stopped out and now waiting to go long at 4402, above the pink line
 
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