The Foresight Thread

If he's been losing money for six years during a seven-year bull market, he's obviously on the wrong path. You may want to consider putting your money in an index fund. So might he.

However, if you decide to trade, I suggest you investigate that link to trading plans. Without one, you'll fail.
 
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A sad testament to how poisonous the environment at ET has become when someone can go from this:



AND THIS



To this in less than 2 1/2 months.




From clear and independent thinker to a marketsurfer/B1S2/KP capo so quickly it makes your jaw drop and your head spin.

Even more sad that I then I see this.



I have to say I am surprised to see you become another enabler of this behavior, bh_prop. I thought you were farther along than I now presume you to be: "The obvious answer = "hindsight", but if that is not the case then please elaborate."

Elaborate? DbPhoenix has written and shared a 73 page pdf explaining his interpretation of SL & AMT. There is not one objection or question that has been asked or an explanation demanded that would not be answered by studying his booklet. Can the man not now keep his own journal as any other ET member might do without having it become someone else's cry for therapy?

And I don't need to hear yet another "I did read the material and blah blah blah ..." because everyone who bashes DbPhoenix claims to have studied it (with the one honest exception being romik, who admits he found it too complicated ["too many variables"] and boring to read all the way through; good for him - while he and I do not agree on many things, I give him credit for standing up to Buy1Sell2 by stating that he himself finds S/R useful and he also stands and faces the world and says "I for one have not studied DbPhoenix's material completely and thoroughly.")

We will no doubt hear from several that they have read the material and that it is incomplete, archaic, too complex, too simple, etc.

But if one claims to have studied the material and still manages to work themselves into a lather over its alleged "incompleteness" I can honestly assume only one of three things: Either the person is lying and they have not thoroughly studied the material (most likely) or that that person has an emotional impediment to understanding the material (next most likely) or that person lacks even the small intelligence required to learn and apply the material (least likely, as I think a child could learn this).

There is no way anyone could give that material a serious study and still have to ask these same questions day after day, much less formulating them as personal attacks (even DbPhoenix's detractors understand these "questions" are in fact attacks and are personal in nature - that is why he has no end of enablers - the longer they keep him around the less dirty they need to make their own hands).

But that is what this place has become: Marketsurfer making accusations of multi-aliases and stealth vendoring while he himself is posting to solicit 100K "investments" in private companies. Otherwise respectable and supposed price action traders enabling and supporting this individual in his continued attacks on another advocate of trading by price (I suspect some of these respected "traders" are not nearly as successful as some would think - it is just not behavior a successful person engages in) make me question whether they themselves actually trade at all. If they do, it is likely a mere hobby. Those who I believe to be successful day traders (very, very, very few) have given up on this individual.

My advice to the new trader who stumbles across this material is this: Read it and study it and then set about the task of watching price action with the goal of being able to process and interpret the information as it is coming in so as to enable you to judge the market's current state. Only once you develop that skill should you then attempt to learn the additional skill of being able to use that information and your interpretation of the market's current state to make trading decisions. 99.9% of those trying to learn to trade treat this all as one and the same skill. It is not. The only people I know who have succeeded in trading are those who at some point realized that thjis is two separate skills, and set about learning the first and putting the second (looking for trade opportunities) on hold. It is the only way to learn to trade by price quickly. The. Only. Way.

I have not changed, but I did my research and began to uncover bullshit. One is allowed to change his mind about something or someone, no fault or mistake on that.
 
I have not changed, but I did my research and began to uncover bullshit. One is allowed to change his mind about something or someone, no fault or mistake on that.

And yet nothing specific from you? No one believes you. No one. Research? No one believes you. Anyone who says they believe you is a fool as you've provided no data, no specific criticism, nada. This is all just internet forum sport for you. "Began to uncover bullshit" ... geesh, is this what passes for intelligent trading forum discussion at ET now?

Like I said, those who can day trade based on price and make money consistently act a certain way. It is not your way. Everyone out there in TV land is free to decide for themselves what is what. They can start by comparing DbPhoenix's seventy-three page SLA/AMT pdf to your current 205 trading forum posts record.

If you trade by price, there is nothing in DbPhoenix's document that should contradict your own experience of how the market works. If you don't trade by price, or you do not believe in the potential efficacy of price action analysis, then you are silly to spend your time trolling this thread.
 
And yet nothing specific from you? No one believes you. No one. Research? No one believes you. Anyone who says they believe you is a fool as you've provided no data, no specific criticism, nada. This is all just internet forum sport for you. "Began to uncover bullshit" ... geesh, is this what passes for intelligent trading forum discussion at ET now?

Like I said, those who can day trade based on price and make money consistently act a certain way. It is not your way. Everyone out there in TV land is free to decide for themselves what is what. They can start by comparing DbPhoenix's seventy-three page SLA/AMT pdf to your current 205 trading forum posts record.

If you trade by price, there is nothing in DbPhoenix's document that should contradict your own experience of how the market works. If you don't trade by price, or you do not believe in the potential efficacy of price action analysis, then you are silly to spend your time trolling this thread.

It's ok, I don't need your blessing to trade the markets.

Good trading though :D
 
It's ok, I don't need your blessing to trade the markets.

Good trading though :D

My comment specifically was directed at your calling BS and yet providing nothing by the way of intelligent and specific criticism. I leave to others to decide for themselves whether or not your having called BS is sufficient to concede the argument to you. I'm just pointing out you've provided nothing substantial. Nothing.
 
If he's been losing money for six years during a seven-year bull market, he's obviously on the wrong path.
Absolutely. That's why i've been trying to find info on daytrading without charts (being that everyone who uses them seems to lose), but people are very reticent with the info in my search so far.
 
Absolutely. That's why i've been trying to find info on daytrading without charts (being that everyone who uses them seems to lose), but people are very reticent with the info in my search so far.

Charts are merely another means of displaying transactions, like a T&S display, or a ticker tape.

If "everyone who uses them seems to lose", it's most likely because they don't know what they're looking at and thus don't understand it and therefore don't know what to do with it.
 
My comment specifically was directed at your calling BS and yet providing nothing by the way of intelligent and specific criticism. I leave to others to decide for themselves whether or not your having called BS is sufficient to concede the argument to you. I'm just pointing out you've provided nothing substantial. Nothing.

It's incomplete and it has a very common "Achilles' Heel". However, I'm not here to complete anyone's work just warn the newbies, it's a framework, that much I will agree, but don't act like it has answers to every imperative system question, because it does not. Yet, the creator and you chills act like it's the perfect solution for those struggling, except it is not.

I admired the initial intentions, but then as I dug into the details and noticed how DbPhoenix acts when questioned I saw bullshit, and that left a very sour taste in my mouth.

As I said, wishing you good trading.
 
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