The Trouble With Scribbles

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

  1. dbphoenix

    dbphoenix

    Not a prediction; just an application of Auction Market Theory. And an understanding of trader psychology. Which is much the same thing.
     
    #701     Apr 20, 2015
  2. toucan

    toucan

    imo, its always better to complain about missed trades than complain about losses... :)
     
    #702     Apr 20, 2015
    fourtiwinks likes this.
  3. k p

    k p

    The problem though is that a prediction means nothing without an entry and a stop. I see that every day in my trading. Look at my first long today, I predicted price would go up, and it did, eventually, but I got stopped out and didn't get long again till much later.

    His prediction was that the opening would be exciting, or not. WTF is that? When predicting without trading, its easy, and when you're wrong, its easy just as easy to say where this failed. But when you're trading it, not so much.
     
    #703     Apr 20, 2015
  4. toucan

    toucan


    well... i disagree... if you were proud of the 40 points, then you were proud of "your prediction"... but then all traders are different and the way they trade is different.
     
    #704     Apr 20, 2015
  5. k p

    k p

    Can't disagree with this at all. :)
     
    #705     Apr 20, 2015
  6. dbphoenix

    dbphoenix

    If you see "pride" it's in the correct application of AMT, though I'd call it satisfaction.

    And yes all traders are different and the way they trade is different. But this thread is about the OP's "grail" and the SLA/AMT.
     
    #706     Apr 20, 2015
  7. k p

    k p

    Oh, and one more point about these "predictions" and his mentions of 40+ points possible. This is dangerous and irresponsible in my opinion. Each trader of course has to be responsible for himself, but what is implied is that its possible to get 40 points. So the beginner thinks wow, this is what an expert trader can do. But this couldn't be farther from the truth. By perpetuating this, he's actually causing harm in my opinion. Just like traders who only post winning trades and never losing trades. It skews reality.
     
    #707     Apr 20, 2015
  8. toucan

    toucan

    thanks for confirming my point.... given that both of you see things differently
     
    #708     Apr 20, 2015
  9. Schaefer

    Schaefer

    [​IMG]

    Nothing ambiguous about this call from DBphoenix, either go long from here, or go short below. I'm posting this for my record, and for DB's.
     
    #709     Apr 20, 2015
  10. dbphoenix

    dbphoenix

    True, the chief difference being that he's made less than 20pts so far and the SLA/AMT has made over 160. So his argument about the superiority of his grail method leaves something to be desired.
     
    #710     Apr 20, 2015