FibCouple said:
Dear DBPhoenix
I think is it is a great effort by you to put that thread on the forums & , contrary to what you you mentioned, I have benefitted from the posts. Having internalized Wyckoff, Neill & Graifer, I very well understand the importance of price volume. They, alongside fibonacci & trendlines, form the mainstay of my trading.
To be honest, I personally wouldn't have the drive to sustain the thread with all trading related activeties as well. So congratulations.
However, I don't fully agree with deleting posts on the thread which seem to question, not te strategy, but maybe how you would apply these to real-time trading. I understand your view that you want to keep specific techniques out of it, but usefulness of any teaching is if it helps make money. If you just delete posts which criticise you, new readers will never know that there other viewpoints by other traders. And I don't think there any offensive posts at all.
Now you don't 'owe' anybody anything & I know you don't want to be called a great trader, it would have helped to get this issue clear & get the monkey off your back.
Now we all know that it is very easy to 'teach' trading than to actually do it profitably. So cynicism is natural & with so many successful teachers than traders, evrything is to be taken with a pinch of salt. This is especially important for the newbies who read all this stuff on the internet & think that the author has found the holy grail & is now sharing it with them.
As regarding drawing trendlines ahead of time, well thats the purpose of drawing them so we have a map for the market. Whats important, however, is what price does when it reaches a trendline in future. Anybody trying to 'predict' market direction is doomed to fail.
As mentioned, I did find your information useful & I do find books useful as well. If not for books, the journey would have taken a lot longer. And there are books which are written by traders who never could make money, but I still have found at least one bit of information in each of them which has helped me with my trading.
Try to take my comments in a positive way & again well done for continuing with the thread as price & rate of volume are the keys to this kingdom.
Regards
Posts which question how I would apply the principles to trading are not deleted simply because they ask the question. However, when I've explained my reasons for not getting into specific strategies (which are infinite), again and again and again, and the questions continue, then either people aren't reading the thread or they are looking for recipes.
I have offered, repeatedly, to contribute to any journal begun by anyone who wants to experiment with applying these principles to their own strategy, their own tactic sets, their own trading. So far, no one has taken me up on it. As for my trading, it really doesn't make any difference whether I apply these principles to my own trading or not. I may be the lousiest trader on the planet. It doesn't matter. What matters is the truth of the principles. Those who don't understand that, assuming that they're interested in the first place, aren't going to benefit. And most people don't and aren't. They prefer to use indicators. That's fine. But that's not what the thread is about. I have made this clear enough to be understood by nearly everyone. Those who continue to "misunderstand" apparently have some other agenda (such as the individual who's ticked off because so few people pay any attention to his thread or his calls).
As for the graille, maybe. But, again, the thread is about truth. One can determine the truth through his own trading. He need not take my word for anything, nor must he take anything on faith. The law of supply and demand is a law, not a hypothesis. If one can't understand it, much less apply it to his own trading, it is a failing all his own and has nothing to do with the law.
As for drawing TLs ahead of time, yes, daily TLs - at least tentative ones - can be drawn ahead of time, and I have done so. Every weekend. Whether anyone applies these TLs to his own charts is beyond my control. As for intraday TLs, no, they can't be drawn until the swing points occur.
Could I talk somebody through all this in real time, pointing out the swing highs and lows and tentative trendlines and potential S/R? Of course I could. And I've offered to do so many times. But nobody shows up. And I have better things to do with my time than read idle chatter during my trading day.
I will offer once more to contribute to any journal begun by someone who wants to apply these principles to a particular strategy, a particular set of tactics. If no one is interested enough to do so, then that's life.
