Search results

Sounds like a license to gamble! :) If you had better timing, you'll still have losses but they will be smaller and you can still enjoy the same upside. I know this is much harder when you hold overnights and this is precisely why I daytrade.

Agreed. I see that Surf has admitted to an overly aggressive ego which has gotten in his way in the past but I've seen little evidence that he is actually trying to tame his demon. Until he makes a concerted effort to do so, I believe he will continue to experience the boom and bust vicious...

But...if you were "heavily" short gold at the time then you MUST have been very bearish and, hence, you must have thought gold was going to decline in value. So proclaiming this in the form of a "bold gold call" isn't really all that strange. I'm more interested in this "ex best friend"...

I care more about the steak and sides too. Service is definitely secondary for me as well. That's why, despite the bad rep for service, I still want to try a Luger's porterhouse. Honestly, if it was in Manhattan I would have been already. I do have plans to go to Sparks again in a few weeks...

I agree with you on the consistency factor. I've only been to Sparks once but the steak I had (Prime Strip) was sublime. Of course, next time I go it may not be as consistent. I've only been to Wolfgangs twice but it's been top notch each time. Went to Porterhouse last year and just thought it...

What's your favorite place to grab a steak in NYC? Wolfgangs is one of the three best in the city IMO, although the best steak I've had recently was at Sparks.

Actually, quite false. I am rooting for you to do well. My only real contention is when you tell me that what I do can't work. Just got home from Wolfgangs (33 and Park location). Split the steak for 4 with friends. Perfection!

Is expertise the right choice of word? Perhaps "area of focus" would be more applicable?

Trades like a stock but it's more of a diversified EV rather than a single stock. I don't know if it's right to compare a single stock, like GE or CAT, to the SPY. I don't trade single stock names, so I don't want to make statements as if I am knowledgeable about their trading.

Oh, so you mean that you believe TA cant work on equities but you make no such claims for ETF'S and futures?

I cant speak for individual equities, but I see no real difference in how the SPY trades with respect to HFT. Maybe it's more visible on the level 2, however the MTF's i use don't appear to be any different. Only thing that I notice that changes is volatility and range size.

It's called "my home office"

Don't mean to be a jerk, buts its been working for me for 15 years. There are a lot of approaches that can work. PS I didn't give you all the details, despite your insistence. No need for your gonzo hate vibe

You want me to post my methods logic? Not sure what you mean otherwise. OHLC bars from reputable data sources are objective for each given time frame and the same objectivity exists across MTFs. Making rules based on these two objective sources isn't too hard. I've shared even more details...

False

Very good point, especially since PD's are supposed to "predict" and not "react".

His method now seems to be incorporating some TA so hopefully this hybrid method performs better than the old version.

I don't know, you are using price channels and price bars with a discreet amounts of time....sounds like TA to me! But don't worry, I won't call you a TA trader but rather you are a hybrid :)

Cool, welcome to the TA club. It definitely does not hurt to combine the best of both approaches.

Tough week for you. First you lose the bully mod battle and now this. Good luck with gold.