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DbPhoenix
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Everything posted by DbPhoenix
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Why not? Children have rights too. If they're old enough to walk unaided, they're old enough to carry. How else will they protect themselves from those badly-parented children who do carry? And it's "beady". Db
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Utah Fox affiliate Fox 13 reported that yesterday, a sixth grade student brought a .22-caliber pistol to West Kearns Elementary School, claiming that his parents encouraged him to bring the gun along as protection in response to the Newtown, Conn., shootings. He reportedly showed it to one of his classmates during recess. Sixth grader Isabel Rios said, “At recess, he pointed a gun to my head and said he was going to kill me.” Now if only little Isabel had been carrying as well, the two could have had a showdown right then and there on the playground. Problem solved. Db
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As opposed to right-wing lunatic nut cases Db
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Day Trading the E-mini Futures with Predictor
DbPhoenix replied to MadMarketScientist's topic in Commercial Content
Actually you posted them 14 hrs before the time of the above post and you were only half right -- the high so far is 1437, and your 24 hrs are not yet up. The trick is not projecting the high and the low. Wyckoff traders have been doing that for years right here in River City, without software, for free. Your problem is management. You exited at 29.5, seven pts ahead of what so far been the high. But I suppose that if you had made only a point, it technically would still be a "winning day". Learn to let your profits run. Db -
Day Trading the E-mini Futures with Predictor
DbPhoenix replied to MadMarketScientist's topic in Commercial Content
You are talking about the S&P, right? Db -
Yes. Whether it's real-time or not is irrelevant. Viewing old charts via replay isn't RT either. What is more important is that you be able to see price move, not just progress in a series of static images. Db
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I did? I wonder what the context was. The natural course would be death, though that would improve the gene pool, much like gun advocates who shoot each other and their children, as has happened several times in the past few weeks. Depends on how you define "eventually". We in the US probably hate more people than just about anybody else. The last genuinely good-hearted effort that springs to mind is the Berlin Airlift. We hate Indians, Asians, Jews, "Mexicans", at one time the Irish and Catholics, in this time Muslims, and Negroes. Most especially Negroes. Whether the violence springs from all this hatred or the hatred springs from the violence is debatable. But it's nothing new. One can quite easily trace it back to Manifest Destiny, though even the idea of Manifest Destiny is nothing new (see Alexander, Elizabeth, Charlemagne, Napoleon, Hitler). But while the rest of the world eventually got over all this, some voluntarily and some not, we haven't, most probably because of our immaturity. We are, after all, still fighting the "War Between the States", which was more or less an extension of the fighting that went on in the Continental Congress. It isn't that gun advocates don't understand the why and how of societies; it is that the society they have and want is so different from that of everybody else. Whether the two societies can coexist within the same national boundaries under the same constitution remains to be seen. Db
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The Henan children were hurt, not killed. The Osaka incident resulted in eight children dead, not an entire classroom. Db
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One can't mow down a roomful of children with a knife. Db
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It's easier to understand if you come from, live in, or have otherwise had personal experience with a culture of hatred. In your case, think back to "The Troubles". Db
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A stock won't "ride" a moving average. The moving average tracks the progress of the stock. Db
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I assume you mean "heavier volume than the continuation", and it's not quite a golden rule. Volume may be heavy on the pullback as buyers rush in to support the price. It may then be lighter as sellers allow price to rise without much resistance. Db
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There's considerable difference between predicting price moves and sharing ideas about them. Confusing the two may help account for the CYA posts which masquerade as thoughtful analysis. Db
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Don't overlook the more major MP at 2660, particularly since the ES is testing its BO level. Db
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It is illogical to pooh-pooh trendlines -- as Capra has done -- while advancing moving averages as a useful trading tool. Much of what comes from Pristine makes sense. This moving average business doesn't. Teach people how to manage a trade based on what price is doing, not according to how it interacts with some artificially-obtained indicator. Db
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Technically, yes. However, the whole business of "overbought" and "oversold" has to do specifically with the distance from the mean and generally with the whole idea of mean regression. "Overbought" and "oversold" are just shorthand for overextension. Wyckoff dances around this with trends and trendlines and 50% retracements and equilibrium and so on but never really gets right down to it, either because he hadn't really thought about it or else thought it was too complicated and perhaps unnecessary. Therefore, the more important questions are (1) just how far has price extended beyond the norm (which is pretty much the idea behind Bollinger Bands) and (2) will it snap back or will it reverse the trend? If price makes a higher low here and fails to reach the support line, then you have the basis for a trend reversal. Otherwise, we're back where we started. Db
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I bin loosing consistently. I need to stop loosing and start tightening. Note to self: lefty-loosy, righty-tighty. Db
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The Analysis is Done Horizontally, Not Diagonally
DbPhoenix replied to PristineTrading's topic in The Markets
I hope that eventually you will abandon MAs as well. They are no more useful than trendlines and are just as likely -- if not more so -- to trip up the unwary trader. Db -
There are basic Wyckoff principles that should not be overlooked when evaluating charts such as these. 1. Has there been a selling climax? Has it been accompanied by or preceded by a volume climax? 2. Has there been a test? 3. Is whatever it is on the springboard for an advance? If the answers to these questions are "yes", then there is no short. One must be careful, though, to define "springboard". If one is defining it in terms of geologic time, then there is a springboard here. However, one must also consider Mamis's three types of risk, one of which is time risk. If one attempts to trade this instrument, is he tying up his money in something sluggish when his capital could be put to better use in something that actually moves, i.e., opportunity cost? Db