The Trouble With Scribbles

[Buy1Sell2]

I find that sla is too lagging and too subjective, but thats just me and the way that i trade.

Very astute. Great Point!

 

[Brianharvey]

Back from a week in Prague. Will post analysis soon.

analysis of your week in prague?

 

[OddTrader]

Deep down inside he wants to respond to me... this is why he even calls me a troll and says I'm filling up the thread. But to respond to me directly, this would actually eat him up inside. So instead, he does this in a round about way, much like all his answers... all round about.

I still don't have a problem with you Db. I still think you're great, and I still think you're smart, and I still think you're a market wizard. But without any demonstration of how one does this in real time, even better, what you're doing with this in real, all we can conclude is that you're an expert hindsight chartist. And that don't pay my bills.

We don't usually say something like this on ET, asking demonstration with real-time calls.

It's just Too frank! Isn't it?

 

[Buy1Sell2]

We don't usually say something like this on ET, asking demonstration with real-time calls.

It's just Too frank! Isn't it?

You'll notice that I am one of the few that post trades real time with real time stops. And, when I forget to post exit, I take worse case for integrity purposes. The scribble folks do not post any real time trades, just pretty charts with scribbles. --

 

[Buy1Sell2]

I post trades for three reasons 1) to show that it is ok to be wrong and for others to know , 2) to maintain integrity above all reproach and 3) to show how to post a real time call.

 

[dbphoenix]

Last Thursday is a "real-time call"?

 

[k p]

I post trades for three reasons 1) to show that it is ok to be wrong and for others to know

I especially like this part. When someone who is a consistently profitable trader shows charts with all entries and exits, and you can see that they do have losses, and what they do about them, and what they do after the fact that they lost, it really helps a new trader see what proper behavior is and helping to develop that trading mindset.

To be a consistently profitable trader isn't about putting on a winning trade. Its everything that happens after putting on a trade that doesn't work, where the exit is, where and how a re-entry happens, etc.

 

[Buy1Sell2]

I especially like this part. When someone who is a consistently profitable trader shows charts with all entries and exits, and you can see that they do have losses, and what they do about them, and what they do after the fact that they lost, it really helps a new trader see what proper behavior is and helping to develop that trading mindset.

To be a consistently profitable trader isn't about putting on a winning trade. Its everything that happens after putting on a trade that doesn't work, where the exit is, where and how a re-entry happens, etc.

Glad you saw the worth in that. I do believe it's important to be transparent.

 

[Buy1Sell2]

Here is analysis of the 15 min NQ chart today using my system. There could also have been a long at the exit point if wanting to hold overnight. As you can see, my system is very straightforward and non-arbitrary.

 

[Buy1Sell2]

Analysis of the 5 min NQ chart. notice that there were 2 longs in a row that would have been stopped out, but the 3rd one is good. My system does not have a useless rule that prevents one from taking a 3rd trade when there have been 2 losses in a row. The scribble method does have this counter-productive measure. The Scribble method is unremarkable.