Likewise. Thanks so much for stopping by. Drive carefully.
The Trouble With Scribbles
- Thread starter Buy1Sell2
- Start date
Likewise. Thanks so much for stopping by. Drive carefully.
Not for nothing, Samuel, but you seem to have missed entirely the context of the thread we are in - the subject proposed by Buy1Sell2, also known as the "OP," aka "Original Poster," aka "author, aka "Instigator" of this discussion, is that his method is superior to a price action based approach. As he proposed to demonstrate as much, it is fair game, one would suppose, to discuss his progress toward that end thus far. No reason for you to get your panties in a bunch ... unless you have a horse in this (non-)"race."
BS approach is identical to price action or any other stale TA material. It is quite funny that he feels superior to the other TA folks. in fact, it is bizarre.
Actually, it has practically nothing to do with PA. It is based on indicators and fear.
But if you want to believe that it's identical to PA, you certainly have the right to believe whatever you choose.
The underlying premise is identical, just represented slightly differently. surf
Actually they have little to do with each other, but I see no point in recycling the same old arguments as you haven't read the material either. Anyone who wants to read those arguments can do a search.
The point is that the Scribble method offers nothing of any extraordinary value to a trader or student. It's just a run of the mill ordinary system. There is no emphasis on the most important aspect of any system and that is trade management/risk management. Everything is posted in hindsight. No one makes real time calls. I suspect that the system is not as robust as it is being purported. As far as similarity, there is a point to be made there. My contention on that is one does not need to do all the over-analyzing to find areas to place trades. The price action/indicator combo is just as effective or more-so without all the scribble study. The studentins need to understand this. There is nothing special here.
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Yes, i totally agree. However, i don't think DB thinks or says its anything special. He readily admits its from some ancient published promoter/trader named wyckoff.
With that said Obviously, i know this stuff is just fanciful pretending with a "feel good, even a caveman can do it" trading method. But i think the same thing about your method outside of money management which is a must for noise traders. Surf