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EMR's just jealous because with the volatility back traders are having a blast. He failed at trading. It must be killing him that the markets are an have been great the last few months. I am not sure why he is so jealous.......He sits in his apartment all day cold calling people trying to...

Newsflash Surf.....price action guys have been short SP and Crude today...long Gold. These are the days price action guys live for.

Money flows and sentiment of the few who control all the capital? And you say this doesn't cause a person to get involved in the noise? Wow. I know exactly what you are looking at with sentiment and money flows. I traded with a fund manager who had a strategy looking at the numbers you are...

Surf is just seeking attention...anytime it gets quiet in here , he has some huge ALERT ALERT...I'm all in announcement. It's like clockwork. I too am a boring price/volatility, and time trader. While I do put in my time and test different strategies in the mkts I follow, I keep it somewhat...

I agree.....and also don't worry about the too late to the party thing. I too have become much more patient and wait for set ups where I believe I have a big edge/advantage and much better risk/reward scenario. Much less than trading than I have done in the past, and much more rewarding at...

I believe you put the word "folly" in the wrong place Surf. Basically you are like some of the fundamental guys I have traded with over the years (I posted a great story about a guy form Salomon Bros. I worked with when I first got into the biz....is on this site somewhere). You believe that...

Great post man. The drivers of price thing is just Surf being Surf. At the end of the day, he takes big winners, takes big losers. Any fund/firm/risk manager that sees a performance like that will stay away. It's a scratch at best strategy.

Yeah....he and I probably will never agree too much when it comes to trading. He seems to think every price action and system trader is on the other side of his trades. Makes no sense...and yes...is absurd. The other thing is the contradiction in a lot of what he says. He LOVES to quote...

Very rarely do you see a guy who goes from 1-3 lots to 30 lots in an instance. If his account was funded for 30 lots , you would have seen bigger trades than 1,3, and the occasional 6 lots over time. Surf trades for a hobby........the 1-3 lots were very believable....the 30 lot was a huge...

I believe I have sniffed out the BS in here pretty good. I just "try" and hold civil trading conversations with Surf......but man...it's getting tougher as time goes by. But I see your point....why would someone who has traded for 18 yrs post on here? As far as my BS...

No they are not even, probably up like 5% or so. Doing better than most out there.

My mistake.....4 calls in a 5 handle SP range.........ugh. Surf....you be tiltin again :D

No.................... up 5% :D

Basically he has been very lucky, so yes....doing the wrong thing can result in profits....based on luck. But in the long run, people who trade like this don't last. Over time, if you put on all of the trades in here you will be scratch at best. There is no edge trading like this. Add in the...

You know what's funny, you trash "fixed system traders" as getting chopped up, but yet you have made 3 market calls in the last 30 min or so while there has been no volatility for the last 3 hours. Keep trashing the price action traders Surf. The difference is, price action guys make money...

Does Sykes still have that hilarious website trying to get people to short penny stocks that can't be shorted? I looked at it last year...was a joke....looked like a website for The National Inquirer. It's amazing he can scam anybody with his garbage. He's yet another person who if they...

Man.....for someone who is so "successful" as you claim, you sure seem to be mad about EVERYTHING. Huge tell. And again ...you continue to rip on trading, while tons of others prosper doing something you couldn't do. You really do look rather pathetic continuing with you whining.

I hear ya. So you believe any close below 1305 is bearish enough in your mind where the mkt will not gap up. Makes sense 99% of the time....it just seems the whole mkt's direction is being based on the deal being made. The way they are talking on tv though, they are not even close.

How do you handle the weekend risk? Ideally if today was a Thursday you just put in a 1305 stop at 4:30 pm and sit back. Otherwise you are at the mercy of wherever it opens Sunday night.

I agree mostly with this...but again, one should NEVER risk their whole account on one trade. In your situation the mkt would not have had to move that much to wipe you out. You can say there are clear situations where you feel you have a huge advantage, but even then it's not 100%. Nothing...