Search results

  1. dbphoenix

    Timing

    A system consists of (a) a set of rules that you use to select profitable positions and (b) a set of rules that you use to manage the trade once you're in it (whether you call it a system, a method, a strategy, a plan, a scheme, an approach, a procedure, or a modus operandi is not as important...
  2. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    Lots of people don't use charts. They don't care about the information charts provide. They know what they paid and where price is in relation to that, and that's all they want to know. The daily ups and downs are of no interest to them.
  3. dbphoenix

    Timing

    In order to succeed at trading, you must have an edge. Your edge begins with the knowledge you gain through your research and testing that a particular market behavior offers a level of predictability that provides a consistently profitable outcome over time. To get it, you have to know exactly...
  4. dbphoenix

    Timing

    What data have you collected that provide you with the likelihood that an entry at $8.56 would achieve your objectives?
  5. dbphoenix

    Timing

    What is your trading plan?
  6. dbphoenix

    Timing

    A percentage stop as such is not likely to be successful as the market doesn't know how much you're willing to risk and wouldn't care if it did. A more "market-wise" stop, in an uptrend, is the last swing low, reason being that this is the price at which buyers entered or re-entered the market...
  7. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    I don't use a line graph for myself. I use it only when I'm discussing charts and want to focus on price movement rather than bars or candles. This is particularly useful when trying to perceive the waves. When one is near or at the point of entering a trade, the HLC information in a bar for...
  8. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    For the notebook, an example of a base breakout in VEEV, with retracement/test. Granted it's three years old, but this stuff occurs every day.
  9. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    For anyone who's following along, C=climax, T=test. The objective is not to enter during the climax as one has to way of knowing in real time whether it is THE climax or not. There may be further downside. And often is. But a bell should ring. A light should flash. And the trader should pay...
  10. dbphoenix

    T2W Website Updates (New Features/Bug Fixes/Server Problems)

    Some of this may be an artifact of Operant Conditioning and the notion that negative behavior, if ignored, will be self-extinguishing. Under lab conditions, maybe. In the real world, not necessarily (if it were so in this case, the member in question would not still be slinging). But before...
  11. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    See pp 9-19, "Demand/Supply" in Db's Burrow, particularly the material on accumulation. See also pp 118-124, "Equilibrium", in Notes as well as the material on "Auction Market Theory" in the SLAB, pp 50-63. Knowing that something is "about to move" requires a level of sophistication that I...
  12. dbphoenix

    T2W Website Updates (New Features/Bug Fixes/Server Problems)

    However, if all forms of disapproval are hidden, then whoever reads these posts is left with the understandable impression that that sort of post is okay, which constitutes an implicit permission to make the same sort of post. One could argue that free, unfettered expression is good. But there...
  13. dbphoenix

    T2W Website Updates (New Features/Bug Fixes/Server Problems)

    Custom development should not be necessary. If it is, then of course that's too much. Consider, however, that Dislike is a matter of course on YouTube, so the facility does exist. As to "real need", perhaps there is none. But I for one tire of logging in and being faced with posts which amount...
  14. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    W looked for equilibrium, an accumulative base, preparation for an advance, and the springboard for that advance. Buying something absent these elements would not be an efficient use of funds since price could drift along in a trading range for weeks, or months. VEEV's first base was two years...
  15. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    I he were to do so, where do you suppose Wyckoff would enter this trade? Db
  16. dbphoenix

    Starting a trading journal based on my understanding of Wyckoff's work

    Given the outcome of this trade, would you change your original analysis, as posted here? If so, how? Db