The Trouble With Scribbles

It has nothing to do with hindsight analysis. It has to do with following the rules. You're welcome to annotate the chart to demonstrate your understanding of those rules. So is your mentor. But he issues challenges then runs away, so it's not likely that there will be any analysis forthcoming from him.

 

You can't talk about possible reward excluding possible losses. That's what I had to say about your comment.

 

I emphasized the last sentence to highlight that all you have done is posted a chart, annotated after the fact, to explain your method. That is fine, but I would point out that you have been relentlessly critical of scribblers who have posted charts ahead of time showing precisely where they will be looking to place trades (again, ahead of time) as being unsatisfactory in your view because when the moment came, we didn't text message you our entry. Can you not see how you behavior on this forum is likely to be viewed as hypocritical at best?

You are posting a method which you call "your method." Yet you also tell us you do not trade this method. What!?

You say that anyone touting a method should do the following:

And yet you then go right ahead and try to teach a method, yet you yourself provide no proof of the viability of your method (a method in which you yourself do not have the confidence to trade), and the tool you use to teach is hindsight charts annotated after the fact - having first provided no rules, no plan, no explanation as to why some overbought readings are "shorts" while others are not, why some oversold readings are "buys" while others are not, why some "divergences" are trade signals while others are not.

Someone once said "let he who is without sin cast the first stone ..."

To be fair (if "being fair to others" is at all a concern of yours) you might want to ask yourself if you really ought to continue throwing rocks at others before you get your own act together.

 

Read it more closely. "Available pts: 400+". It does NOT say "Profit: 400+ pts". What is available is not necessarily taken, and losses are included (if losses were not included, the total would be more than 400+).

But even if one took only the first two SLA trades, they'd amount to far more than 9pts. One would not know that unless he'd read the material, but there you are.

Can you show us where the first SLA trade would be taken? Exited?

 

I know I've been heavily moderated here. But I do not see any of my posts from today as constituting a personal attack. Are you referring to my posts this morning?

And to be fair Magna, this entire thread is really one big, not-so-veiled personal attack on DbPhoenix, is it not? To be fair.

 

fortydraws: bette leave it.
You are a TOP trader: just leave it.
Many TOP traders are leaving or being booted out.
Just leave it. Things change , and may be one day,
someone will regret your posts and other TOP traders posts.

 

That would be your job. I recall a chart (in advance) from one of you, where there were two arrows once a level would be reached, one pointed up another pointed down. So basically in advance you don't know whether you would be buying or selling once level is reached, but in hindsight it's all very clear to you.

 

So what you are saying isn't that those levels or areas where the finger was pointing were bad, just that you are not comprehending how either long or short are picked?

 

That has nothing to do with the SLA. But if you have no idea and have no interest in acquainting yourself with the material, I'll start you off: