The Trouble With Scribbles

[Buy1Sell2]

Realistically it is hard for people with discretionary systems to make many real time calls, because of so much of uncertainty or contexts surrounding the potential entry signals; on the other hand, for the few that can handle real time calls consistently and without any hesitation, you can bet their systems are based on solid mathematical and quantifiable parameters. But you won't see those people posting frequently on ET. They don't bother, they don't need to convince anyone, why would they?

That is possibly true if one is overtrading or perhaps trading the 1 min chart. However, trading a chart only as big as the 5 min chart allows ample opportunity to post real time calls. ---(One minute can be done as well, it's just a little more challenging to send postings.)

 

[Buy1Sell2]

Because I wait until bar is nearly finished, I will never get the exact tick of a high or low. That's what I mean by fresh momentum. I will however let a trade run to make more than just a few points. I want the middle of the move. You should know---that's what the scribblers are doing as well.--Waiting for turns and fresh momentum. There is no advantage to using the scribble method over other methods.

As can be seen, there is no advantage to using the scribble method over any other entry method. The advantage is in the trade management. Scribblers do not talk about this. They instead focus on being right only.