The Trouble With Scribbles

[dbphoenix]

Available 400+ pts? Hindsight chart analysis is a fabulous marketing tool. Why not talk about losses that would be incurred along the way? Oh, I forgot, you don't lose

It has nothing to do with hindsight analysis. It has to do with following the rules. You're welcome to annotate the chart to demonstrate your understanding of those rules. So is your mentor. But he issues challenges then runs away, so it's not likely that there will be any analysis forthcoming from him.

 

[romik]

You can't talk about possible reward excluding possible losses. That's what I had to say about your comment.

 

[fortydraws]

Here is the method for trading NQ the last 2 days

Here is a chart posting of how I trade. This is the 5 minute chart of NQ today.

Quick note on the chart-- Upon inspection, you'll see that I use both price action in concert with indicators to identify entries and exits. This particular chart was textbook in that it ran unabated from overbought to oversold. A very trendy day. I made no trades off this chart. This is purely explanation of method.

I emphasized the last sentence to highlight that all you have done is posted a chart, annotated after the fact, to explain your method. That is fine, but I would point out that you have been relentlessly critical of scribblers who have posted charts ahead of time showing precisely where they will be looking to place trades (again, ahead of time) as being unsatisfactory in your view because when the moment came, we didn't text message you our entry. Can you not see how you behavior on this forum is likely to be viewed as hypocritical at best?

You are posting a method which you call "your method." Yet you also tell us you do not trade this method. What!?

You say that anyone touting a method should do the following:

Testimonial from students, and especially teachers, must be provided on a regular basis to maintain veracity. The only way to achieve that is with real time calls. There is no other substitute.

And yet you then go right ahead and try to teach a method, yet you yourself provide no proof of the viability of your method (a method in which you yourself do not have the confidence to trade), and the tool you use to teach is hindsight charts annotated after the fact - having first provided no rules, no plan, no explanation as to why some overbought readings are "shorts" while others are not, why some oversold readings are "buys" while others are not, why some "divergences" are trade signals while others are not.

Someone once said "let he who is without sin cast the first stone ..."

To be fair (if "being fair to others" is at all a concern of yours) you might want to ask yourself if you really ought to continue throwing rocks at others before you get your own act together.

 

[Magna]

I remind everyone to avoid the personal attacks, no matter how cleverly you think you word them. Ignore this warning at your own peril as you will be blocked from posting here. Thanks.

 

[dbphoenix]

You can't talk about possible reward excluding possible losses. That's what I had to say about your comment.

Read it more closely. "Available pts: 400+". It does NOT say "Profit: 400+ pts". What is available is not necessarily taken, and losses are included (if losses were not included, the total would be more than 400+).

But even if one took only the first two SLA trades, they'd amount to far more than 9pts. One would not know that unless he'd read the material, but there you are.

Can you show us where the first SLA trade would be taken? Exited?

 

[fortydraws]

I remind everyone to avoid the personal attacks, no matter how cleverly you think you word them. Ignore this warning at your own peril as you will be blocked from posting here. Thanks.

I know I've been heavily moderated here. But I do not see any of my posts from today as constituting a personal attack. Are you referring to my posts this morning?

And to be fair Magna, this entire thread is really one big, not-so-veiled personal attack on DbPhoenix, is it not? To be fair.

 

[smallStops]

I know I've been heavily moderated here. But I do not see any of my posts from today as constituting a personal attack. Are you referring to my posts this morning?

And to be fair Magna, this entire thread is really one big, not-so-veiled personal attack on DbPhoenix, is it not? To be fair.

fortydraws: bette leave it.
You are a TOP trader: just leave it.
Many TOP traders are leaving or being booted out.
Just leave it. Things change , and may be one day,
someone will regret your posts and other TOP traders posts.

 

[romik]

Can you show us where the first SLA trade would be taken? Exited?

That would be your job. I recall a chart (in advance) from one of you, where there were two arrows once a level would be reached, one pointed up another pointed down. So basically in advance you don't know whether you would be buying or selling once level is reached, but in hindsight it's all very clear to you.

 

[Gringo]

That would be your job. I recall a chart (in advance) from one of you, where there were two arrows once a level would be reached, one pointed up another pointed down. So basically in advance you don't know whether you would be buying or selling once level is reached, but in hindsight it's all very clear to you.

So what you are saying isn't that those levels or areas where the finger was pointing were bad, just that you are not comprehending how either long or short are picked?

 

[dbphoenix]

That would be your job. I recall a chart (in advance) from one of you, where there were two arrows once a level would be reached, one pointed up another pointed down. So basically in advance you don't know whether you would be buying or selling once level is reached, but in hindsight it's all very clear to you.

That has nothing to do with the SLA. But if you have no idea and have no interest in acquainting yourself with the material, I'll start you off: