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brownsfan019

Market Wizard
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Everything posted by brownsfan019

  1. brownsfan019
    After reading the first post (duh), I believe this is the book being referenced. Correct? Just want to make sure before I purchase it.
  2. brownsfan019
    Damn, this is an awesome thread about poker! (and trading) DB - can you post links to more of this? Websites, books, etc. as I am in my learning stage of poker and have been gobbling up anything I can get my hands on.
  3. brownsfan019
    CW - nice post, and welcome to the WRB thread. I like how you explained a few things. Really what stood out was the WRB based on a NEWS event. Makes perfect sense. I'm sure Mark mentioned it, but it never hit home for some reason. Questions if I may: 1) Do you ONLY play WRB's based on news? Why or why not? 2) What timeframe(s) do you look to see a WRB on? Using WRB's based on news could be a little puzzle piece (for me at least).
  4. brownsfan019
    What is the point of something like this?
  5. brownsfan019
    My candle view of these CW: 2 trades, one failed, one worked. The 2nd worked for as long as you possibly let it.
  6. brownsfan019
    Here's the WRB discussion we had awhile back. As you can see, I spent A LOT of time on these things.
  7. brownsfan019
    CW - good work here. My question here and to Mark as well when he was on the forum was really how to use these WRB's in real-time. As your chart shows, there's quite a few to choose from and sometimes they act as support/resistance and other times they do not. This is probably a WRB discussion which belongs in the WRB thread, but it's worth discussing. I got to the point that WRB's are good for reference, but that's about it. Not much trading to be done off them in real-time after many, many hours of work and discussions with Mark and PivotProfiler. I just found myself going in a giant circle with them...
  8. brownsfan019
    This one hits home esp. after playing in a WSOP satellite yesterday. Long story short - I thought I was going to fold my way out of the tourney. Then lady luck came over and said hello and in a short time my $10k in chips turned into $53.5k in chips. While this example is really about poker, the translation over to trading is strikingly similar. Great thread DB! Keep it going! As a wannabe poker player, I am enjoying it!
  9. brownsfan019
    :o Key is to find what works for you. Now, back to PokerStars. :rofl:
  10. brownsfan019
    I agree 100%. I really like the 15 minute by itself for daytrading. Keeps the amount of trades reasonable and able to go for larger profits.
  11. brownsfan019
    And here comes the PITA I think it really comes down to YOUR trading styles and what YOUR personal research has shown about this very topic. Example: I know that I will hit rough days. It's to be expected. Friday was one of them. I also know that there are plenty of days where I will take a few losses initially and then the next few trades take it over. Now, if I was not around for those winners, I'd be upset. But, THAT'S ME AND MY TRADING STYLE. I KNOW what to expect based on how I trade. Point is that I do not care for 'one size fits all' approaches b/c it simply does not work in trading. I can prove this article as a complete and utter farce; meanwhile, HLM and others could probably prove the merits. There is no right answer here, but there is always two sides to the coin. Once YOU KNOW what works for YOU, then you can decide whether a stop loss target is a good idea or not. It obviously works for HLM but I know that it works for him b/c he's already done the research. I have no doubt that HLM has done the research and work necessary to be able to say what he did.
  12. brownsfan019
    Using VBC's with candlestick analysis is another animal. I used VBC's for a very long time and while they can be profitable, I just got tired of trading so much in one day. I literally had days over 50 trades in a day with VBC's. Just too much strain by the time 4pm rolled around. VBC's with candlestick analysis can be very profitable but it does take time to find your niche with them.
  13. brownsfan019
    BF - this new round just started, so I would get on now and at least play. Our crew is full right now but that may change due to a couple inactive players so far. And yes, every 10 days is a new round.
  14. brownsfan019
    Here's an important concept that James did not mention (yet) and 273 alluded to it: CANDLES IN AND OF THEMSELVES BECOME LESS RELIABLE LOWER THE TIMEFRAME. As I've said many, many times on this very forum, you need to have some sort of additional confirmation when you use candlestick analysis on lower timeframes. And by low, I mean under 1 day. You have to find what works for you.
  15. brownsfan019
    Well said Sledge. You hit the nail on the head - WRB analysis and being aware of these can be critical on higher timeframes as we saw this morning. In my view, a WRB simply shows a TEMPORARY imbalance between the bulls and bears. To have that followed up by a high volume hammer... WOW... can't ask for anything more.
  16. brownsfan019
    So is there any actual trading taking place here or just a bunch of observations after the fact? Where are trades actually taking place on your analysis CW? I've laid out where I enter and the potential profit. Even told you when I took +8 and it ran for more. Just curious if there is real trading being done there or just a little after the fact look.
  17. brownsfan019
    I couldn't agree more. That's all I was trying to do - help some guys out with a little thing that could aid in their trading. Then it turned into a pissing match of what the candle was called... what a joke. The name of the pattern is useless but that was falling on deaf ears.
  18. brownsfan019
    Ignoring my previous posts to CW, take a look at this one from today guys: I know this is not standard VSA work, but just take a look and see if it can help in your trading at all. That's it. I'm not looking to get into an argument about whether that is hammer or spinner b/c it does not matter. What matters is that yet again this week we found another reason to get long using candles and a simple glance at volume. I know that's overly simplistic, but perhaps trading does not need to be so complex... :hmmmm:
  19. brownsfan019
    I moderate one area of this forum CW - the candlestick corner. That's it. Outside of my humble abode, I can interact as any other member. Lucky you. :rofl:
  20. brownsfan019
    That was my point in the VSA thread but candlew feels like getting into a pissing match about what it was technically called. I apologize James if my humor was lost in this thread. Just tired of newbies saying something doesn't work when they obviously do not have a freakin clue... You now get it - the name of the candle is IRRELEVANT. Remember when you first got into candles? Now look at your work here. WOW. That's all I can say. YOU GET IT. Many here do not and will not. BF - excellent deductions as usual. I like candle charts b/c my eyes are trained on them. I know what to look for and while the book definition may call a pattern a spinning top, I just might call it a hammer. Oh well. It's about what you see and the characteristics. You got it. I see a bullish looking candle at some support, high volume, etc. and I am going to consider going long there. And from that point it's trade management as James_gsx is doing here. PS You going to play combat grounds this next round?
  21. brownsfan019
    Well, your 'example' here has NO BASIS WHATSOEVER. That's the problem smart guy. When you say that a candle pattern fails 9 out of 10 times and that you will lose money, a little statistical evidence to support this would be nice. Here's an example of why you can't just rattle off mumbo jumbo - While some sites that teach you trade promise the world, ALL OF THEM fail miserably, incl. the one you go to CW. Yes, some show trades that win, but they all will lose money in the long run. Note - no evidence to support this, I just felt like spouting something off. Once again, show how often I frequent 'every' thread. It's funny how you have just shown up out of the blue and have nothing meaningful to contribute other than promoting Mark's website... Hmmmm.... Again - go ahead and show me where YOU have explained PA. I showed you where I've done it. How about you? ANYTHING meaningful to contribute here? That's what I thought. Just another newbie that thinks by paying a vendor he now knows the world of trading. As for where I go on this PUBLIC forum, guess what? It's public! I simply provided some ideas to others in this thread that could HELP with their trading. You meanwhile want to get into a pissing match about who's more experienced when it's obvious who the newbie here is... Or wait, let's start a poll to see what others think... In case anyone doesn't realize this, CW has paid for this service and we can only guess what his motivation here on TL is.
  22. brownsfan019
    New round starts Thurs evening! Click here to join now!
  23. brownsfan019
    But what a minute James!! You did not identify which candle shape was being used here for your trade b/c a hammer is not equal to a spinning top which is not equal to a doji... Ok, sorry... Just can't believe what I am reading over in the VSA thread with 'CandleWhisper' thinking he already knows how unreliable candle patterns are. First we must start a poll here and play guess which pattern James used in this trade. Then, we can discuss the merit of the trade... :doh:
  24. brownsfan019
    Actually CW, this post from you explains everything. Since your methods are changing weekly or daily and you need to pay someone to show you how to trade, that's all I need to know. It's PAINFULLY OBVIOUS that you are brand new to this. It's ok, you have a lot of learning ahead of you, including how to 'read price action'. A few here understand when I write that the name of the candle means nothing. To you, this is a deal breaker as evidenced by your reply to me suggesting I open a poll to decide what that candle was called. A very amateur call. An experienced trader will look and say - wow, bullish on high volume, consider going long. That's it. Doesn't matter if you call it a doji, hammer, spinner, lasagna, crocodile hunter, blue moon special, terminator, cannon ball alley or my personal favorite - a reason to go long.
  25. brownsfan019
    OK, go ahead and prove your theory here with actual facts. I'd like to see your statistical research which shows that Mark's pattern is superior to those found from Nison's work or my candle area on this forum. You said it, now show me PROOF. Again, I will await to see your evidence of this random info you've posted. You've provided a random statistic here that is based on what exactly? I'd love to see how you can prove that for every 8 pt trade I take that I then take 10 two point losses. You see son, it's hard to stay in business (yes, I run a business not a hobby) if you win for +8 and then lose -10 day in and day out. Kinda hard to turn a buck that way... Not sure what you mean - I run the candlestick section right here on TL that has more info in it than most here will ever grasp. Instead of throwing rocks, please enlighten us there CW. I have yet to see a thread or area on the forum that YOU have made that details how to explain PA. Maybe I missed it, so feel free to show me those threads. In case you can't find mine, they are right here. You missed my point completely. Whatever you want to call that candle is IRRELEVANT. The name of that thing MEANS ABSOLUTELY NOTHING. But I can tell that I am talking to a very inexperienced trader. For you to focus on what exactly that doji is called just shows how new to this you are. The name of that bullish candle, aka price action, MEANS NOTHING. Until you understand that, it's hard for us to have a discussion. -------- side note - is it me or is this forum just full of newbies all of a sudden? Did James take out some ads on Google or something?
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