Son of If You Can Draw a Straight Line . . .

Discussion in 'Journals' started by dbphoenix, Sep 19, 2013.

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  1. slugar

    slugar

    no offense taken rn but db doesn't usually resond to my questions and I do have to disagree with you because what I was talking about with the lower high and the lengths of the waves most certainly does have to do with price action
     
    #41     Sep 20, 2013
  2. Redneck

    Redneck

    Don’t plan on posting much more of my crap… but what about stocks

    Is the pre/ post mkt range of value

    Do the same principals discussed here, and in the mother ship thread – work

    Is it even possible to find low risk setups

    Maybe I’m simply after the fact cherry picking

    I’ll leave it to you to be the judge

    Green dashed lines = post (yesterday after the close) / pre (today before the open) range


    RN
     
    #42     Sep 20, 2013
  3. Redneck

    Redneck

    if only I could figure out how to post multiple attachments in one post
     
    #43     Sep 20, 2013
  4. dbphoenix

    dbphoenix

    I don't dislike your questions, but what you want to know can be found in the wave material at TL. Investigate. Read. Study. Observe. Hypothesize. Don't expect me to do for you what you're capable of doing for yourself.
     
    #44     Sep 20, 2013
  5. dbphoenix

    dbphoenix

    I really couldn't tell you. I stopped trading stocks in '98 because I was tired of being surprised and wanted something that traded 24/7. I trade ETFs now, but only off daily charts. I'm not obsessed enough to try to daytrade any of that.

    Be that as it may, this approach isn't about setups, beyond the retracement, reversal, and breakout, if one could call those "setups". Rather it's about determining the trend of the market, etc, as detailed in the first post, then letting price lead you around by the nose once the session begins. Even if the stock gaps, it's still up to the trader to be open enough and flexible enough to be led rather than fight price every step of the way.
     
    #45     Sep 20, 2013
  6. Redneck

    Redneck

    Lower high, hmmm, now let me think;

    Could be made

    by sellers bum rushing buyers
    buyers not present
    after a hell of a battle between the two
    neither present and price futzing around


    ================
    What something is – is not so important

    How that something was made/ came to be – is all important

    RN
     
    #46     Sep 20, 2013
  7. Redneck

    Redneck

    I'm just havin some fun

    On another note - that thread you posted the link to - damn good

    RN
     
    #47     Sep 20, 2013
  8. pokito

    pokito

    Don't play 6 8 off-suite unless you're a natural like Dwan. Always play time-tested premium hands like Doyle, Helmuth (Stu Unger?)
    Don't ask who Doyle is or what premium hands are. A google search will probably give you everything you need. Do your home-work, keep stats.
    Always try to read what other players are thinking. When you get good at this, you will start playing other people's hands and not yours.

    Is that what I'm hearing?

    Just curious !
     
    #48     Sep 21, 2013
  9. Redneck

    Redneck

    No need to google

    Never do I play another’s hand – that’s out of my control

    But, and based on what they’re holding – I play my hand to their determent

    ===================

    Btw, comparing gambling to trading is a disservice to trading imo

    And here’s why


    http://www.elitetrader.com/vb/showthread.php?s=&postid=3569259&highlight=gambling#post3569259
    =====================

    For the record – I was not intentionally/ purposely posting set ups last night – unfortunately it came across that way

    My apologies

    RN
     
    #49     Sep 21, 2013
  10. pokito

    pokito

    Relax, I was just trying to have some fun.
    Obviously you don't see the parallels between poker and trading.
    btw, it is considered gaming these days and one can play poker for free - so there is no question of gambling.

    Have a good weekend RN !
     
    #50     Sep 21, 2013
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