The Trouble With Scribbles

Discussion in 'Technical Analysis' started by Buy1Sell2, Mar 30, 2015.

  1. Buy1Sell2

    Buy1Sell2

    Very astute. Great Point!
     
    #791     Apr 26, 2015
  2. analysis of your week in prague? :)
     
    #792     Apr 27, 2015
  3. We don't usually say something like this on ET, asking demonstration with real-time calls.

    It's just Too frank! Isn't it?
     
    #793     Apr 27, 2015
    Buy1Sell2 likes this.
  4. Buy1Sell2

    Buy1Sell2

    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. --
     
    #794     Apr 27, 2015
  5. Buy1Sell2

    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.
     
    #795     Apr 27, 2015
  6. dbphoenix

    dbphoenix

    Last Thursday is a "real-time call"? :D
     
    #796     Apr 27, 2015
  7. k p

    k p

    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.
     
    #797     Apr 27, 2015
    Buy1Sell2 likes this.
  8. Buy1Sell2

    Buy1Sell2

    Glad you saw the worth in that. I do believe it's important to be transparent.
     
    #798     Apr 27, 2015
  9. Buy1Sell2

    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.
    upload_2015-4-27_22-30-9.png
     
    #799     Apr 27, 2015
  10. Buy1Sell2

    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.
    upload_2015-4-27_22-41-38.png
     
    #800     Apr 27, 2015