(a) 3-5 minutes seems to be about right. I just wanted to make sure that we were on the same page as far as entering exactly at a certain point, or allowing some wiggle room depending on the importance of the report. And you're correct about most of them not having much effect on the markets, if any. Consumer Confidence, of course, is a biggie. (b) As I said, I just take the last ten days, add 'em up, and divide by ten, but your figures and mine are pretty much the same. Thanks for the responses. What you're doing is so much like what I'm doing, and the results are very much the same. I'm glad to see that there are more than just a few people having success with it. And I'm also glad to see somebody willing to talk specifics instead of just spouting generalities. I had thought about taking this holiday period off, but based on last week's results, I see no reason not to trade next week. Good luck to you. --Db
inandlong, When I first started reading this thread I noticed that you and db kept taking shots at each other. At that time I was fairly new on this site and was surprised that the moderator was so combative rather than attempting to "Moderate". I finally wrote a post asking for a cease fire and db said he agreed. He has kept to his word and really been very open about his method and extremely helpful to me and others in this thread. I think your problem with db goes beyond your opinion that his method is too complicated for this thread. Even the simplest system has some discretion involved and db has attempted to be specific in disclosing this method. Why should you care if many of us are learning and enjoying his comments and assistance. Isn't that what this site is about? 80% of this thread probably is taken by db because he cares and is patient in answering all questions which I and others have asked. It seems like their is a need to moderate the moderator on this thread. I'm sure you mean well but cut db some slack please. Just here trying to learn. Thanks. Jerry
Well inandlong... let me say that I totally agree with you. I don't post much but this thread is so far from keeping it simple. This is not about keeping it simple. This is about one person's continuing banter on years of market experience. It doesn't take nearly 50 pages of endless discussion if the thing is so simple. By now there should be no more questions. See this for what it is... a personal monument to dbphoenix. The guy starts using a method provided by someone else 2 months ago and then adds in all the loser stuff he was doing before and you guys follow like lemmings. How do I know it was loser stuff? Where else on ET has dbphoenix popped up? Check out his posts, I have. He didn't start making money until snosur gave this method to him... 2 months ago... and now you guys are trying to learn the rest of the crap that never made him any money. Wake up! I saw the thread where dbphoenix first attacked inandlong. To that point, there had been no rift. So don't talk about what you know nothing about.
FULLY agree with a moderator needed to moderate a biased moderator. That is quite insulting to say no one is reading this discussion. Where did you come up with that? Not only do i find it helpful and informative, i would hope you don't add your usless input in the future. I have a lot of respect for the people who run ET, lets hope ET's choice to give you a title of moderator is just an anomoly. Just waiting for him to attack me now
this is rediculous.. jordan why do you even follow the thread if it's just a bunch of losers, lemmings or whatever. Dude I don't know anything about you but I've been trading full time for quite some time now, have a documented business plan and have no problems covering a 6 figure annual salary. In this business I don't consider that as being a loser. Maybe you're a pro too but your commentary gives me an impression otherwise. db, mojo, banker. I've learned from this thread, not everything I know about trading by anymeans but have made some interesting observations. Whether others think it's simple or not is irrelavant, I find it simple compared to other methods I've traded in the past. Sure there are descretionary components that permit someone with experience to do better but that's life. I've joined the thread late but have enjoyed it, don't know or care about any personal riffs ongoing but don't appreciate others dragging me into it by insulting me. If you'd like to take this to some other forum other than ET where we don't have to be critized for doing our own thing there are other options available. If anyone is interested please send me a PM and I'd be happy to set something up. stormbo
Hey sammy, I am presuming you are talking to me with the above quote. Can you please quote for me where I said no one is reading this discussion. I am not attacking you... just asking you to support your quote with fact. And I am not attacking db, actually I think the percentage is higher. Jerry, I respect your desire to learn. And overall there are a lot of good points on this thread. Certainly there are no secrets revealed here. I have much more experence with dbphoenix than you do. I have been a participant on other threads with him and I have seen him become entirely inappropriate and defensive with anyone who challenges his thinking. I notice no one here does that. This is the first thread where dbphoenix has ever revealed what he does. To this point he has been nothing but a taker. His method was provided to him by snosur4 on another thread. Even there when being gifted a profitable means to trade, he misquoted and lied when someone disagreed with him. So for your sake Jerry, I will back off this ongoing "personal monument" - that was funny - . Just realize that as long as you are a good boy and don't disagree with the teacher, you will get along. I moderate the Strategy Trading forum. The reason db started this thread was to get away from my "jurisdiction" if you will when he forced me to provide proof of his lies in an open forum. I don't blame him. It was easier for him to run. Everything I am telling you is in print so you can research it or not. Most of the members here know me as honorable and exceedingly willing to help in any way. Good luck Jerry. But trading a breakout is a lot easier than this thread's description.
I edited this quote to highlight the importance of quoting fact. I'm rereading my earlier quote and for the life of me cannot find where I called you or anyone else a loser. I can see how you feel included in the term lemming from rereading my earlier post, although it was intended for the two posters who spoke out about inandlong. My bad. But if the shoe fits....! And yes "dude", I trade fulltime, and do very well. I am glad you do too. You have your opinion, I have mine. Have a nice day!
jordan.. understood. Like I said I don't know the history, have no desire to go back and research the whole history of this whole thing. I just got defensive in that it seemed you post was labeling those of us who trade a similar method as being lemmings following db off into the great abyss I'm gathering from some of the comments about db taking this method from someone's post 2 months ago, maybe that's the case but much of what I've read is just common sense. If watching the 1st 30 minutes to settle into a range is a new concept to people then there really are some rookies here. I think this of one of the 1st "rules" that I incorporated into my trading about 5 years ago. Many of the methods described here for playing trends, swing rules etc. are described in books that I bought/read over 10 years ago. The reason for my interest in this thread is that up thru aug/sept. I was trading a different method that more of a scalping method and I was just getting emotionally tired of trading that way and wanted to switch to something that was a bit easier and less intense to trade, got tired of trying having to rush to the bathroom for nature calls without worrying about missing a trigger. You'll notice I joined ET in November, have always stayed away from these open forums because it too often turns into a peeing contest. I do trade at home by myself and at times after being glued to the charts all day I welcome some contact with others so that I don't get tunnel vision and stay open to new thoughts, but most often they turn out to be emotionally distracting as this thread is heading. But I admit that's my problem. Good trading to you too "dude". no hard feelings
Mine too. Imagine, we are not emotionless robots. Go figure. I'm sorry for the disruption however. I appreciate your posts. Peace.
first i think inandlong is one of the most generous honest posters here on ET. he is always willing to help and freely gives of himself and his ideas. my hats off to inandlong. having said that, i have re-read this thread, and i don't see db's "stuff" as all that complex or even original. what's so complex about using trendlines to make an assumption of trend and trend reversal as db is doing? pretty simple and not original in the least, or am i missing something? db, i don't mean to diminish your contribution here but if i mischaracterize you please correct me. inandlong, just what is it about all this that irks you? i think it would benefit all concerned if we cleared the air a bit. what specifically here do you have a problem with??