The Trouble With Scribbles

dbphoenix said:
I entered at more or less the same level Eddie did on Friday (what does Thursday have to do with it?). Did you not read any of that? View his chart?

As for whether or not any of "Db's Followers" made a profit on Friday, or Thursday, or any other day, so what? None of that puts any money in your pocket. If you missed the trade, it's because you didn't plan for it, assuming you weren't in a coma.

What matters more is tomorrow evening. Price is between two medians (see the chart). Where are you going to enter a reversal? Where are you doing to enter a continutation? If you're already short, where are you going to exit? If you don't know the answers to any of those questions, you have over twelve hours to figure them out.
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I admire your perseverance. I especially like you mentioned Eddie. Oh, and I mentioned Thursday because it was pure chop and you people who really don't care how much your followers lose were encouraging trading.

This is what Eddie had to say;

Quote
"I actually tried to play that range this morning. Got chopped up a bit though, although the final move made up for it! (Or at least it should have. I didn't catch anything like what I could have)

Sequence was:
waited for the break and a retrace, and then shorted/
Stopped when it looked like it was going the wrong way.
Soon after being stopped and looked to start dropping off so I got back in.
Stopped again, and switched long, thinking we were heding back inside the reange.
Stopped again and ftlipped short! This one could have potentially made a hell of a lot of points, but I covered my previous losses and a little bit extra."
End Quote.

So, you have a loyal follower and this is what he experienced on Thursday because you preach long, close, now short, stopped, ok long again. How do I know this? I read the PDF in its entirety, and if you include the appendices, it's about 50% more than the 44 pages you tout. Of course you could simply be telling people the appendices are a waste of time.

But all this is useless. Consider your last post. I asked for a simple post linking to your call for direction, and your trade. You have responded with obfuscation. Can you or any of you loyal followers point to where exactly in your response you provided the answers I asked for?
 
Apparently you didn't read it in its entirety.

When one is stopped out on the long side and also on the short side, or vice-versa, he stops. Most people don't. That's not the fault of the SLA.

So in answer to your question about trading chop, I don't, not when the above conditions are met.
 
justrading said:
I admire your perseverance. I especially like you mentioned Eddie. Oh, and I mentioned Thursday because it was pure chop and you people who really don't care how much your followers lose were encouraging trading.

This is what Eddie had to say;

Quote
"I actually tried to play that range this morning. Got chopped up a bit though, although the final move made up for it! (Or at least it should have. I didn't catch anything like what I could have)

Sequence was:
waited for the break and a retrace, and then shorted/
Stopped when it looked like it was going the wrong way.
Soon after being stopped and looked to start dropping off so I got back in.
Stopped again, and switched long, thinking we were heding back inside the reange.
Stopped again and ftlipped short! This one could have potentially made a hell of a lot of points, but I covered my previous losses and a little bit extra."
End Quote.

So, you have a loyal follower and this is what he experienced on Thursday because you preach long, close, now short, stopped, ok long again. How do I know this? I read the PDF in its entirety, and if you include the appendices, it's about 50% more than the 44 pages you tout. Of course you could simply be telling people the appendices are a waste of time.

But all this is useless. Consider your last post. I asked for a simple post linking to your call for direction, and your trade. You have responded with obfuscation. Can you or any of you loyal followers point to where exactly in your response you provided the answers I asked for?
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Apparently you didn't read it in its entirety.

When one is stopped out on the long side and also on the short side, or vice-versa, he stops. Most people don't. That's not the fault of the SLA.

So in answer to your question about trading chop, I don't, not when the above conditions are met.
 
dbphoenix said:
Apparently you didn't read it in its entirety.

When one is stopped out on the long side and also on the short side, or vice-versa, he stops. Most people don't. That's not the fault of the SLA.

So in answer to your question about trading chop, I don't, not when the above conditions are met.
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Yes, you have consistently said I told you so.

Here you said you don't trade a situation.

Do you actually trade?
 
justrading said:
Yes, you have consistently said I told you so.

Here you said you don't trade a situation.

Do you actually trade?
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You asked about trading chop. I provided what guidance the SLA offers with regard to trading chop. I follow that guidance and don't trade it. That's about as clear as I can make it.
 
dbphoenix said:
You asked about trading chop. I provided what guidance the SLA offers with regard to trading chop. I follow that guidance and don't trade it. That's about as clear as I can make it.
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Please, on a weekend can you be a decent human being,and accept the inevitable?

40D was crowing about an NQ move to ??19? and you were praising it.
 
Db, on the surface you demonstrate an incredible amount of knowledge about the market. In a general sense, you are much smarter than I will ever be. But this doesn't translate into an ability to demonstrate how one actually trades, IN REAL TIME. I won't fight with the guys who suggest that you need to say which way price is going because I know you're not forecasting what will happen when price approaches an important level. It might reverse, or it might penetrate, and I can accept that. But without the ability to place a trade, in real time, and be right more often than wrong, a deep understanding of the market doesn't really help. Your charts do an incredible job of showing what happened, after the fact. When its obvious what's happening, the trade is already gone.

What we seek here is evidence or at least a demonstration of trading ability, not ability to describe or explain a market. I'm not saying you can't personally trade as I have no evidence of that, but I also don't have any evidence of your ability to trade as there isn't the slightest hint of what you are doing until way after the fact.
 
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