I have bought Al Brooks' Trading Course

[marketsurfer]

If you consider thermal layers in the water to be as S & R, you might...especially if you know what water temp they like to hang out in. You'll have a better idea where to place your order then...I mean your lure. Hopefully you'll get filled!

There are lots of correlations between fishing and trading. Every trade is like a cast and u need to match your strategy to the conditions.

surf

 

[marketsurfer]

Actually, he says he uses the future..
Is that right? @marketsurfer
http://www.elitetrader.com/et/index.php?threads/is-this-ta.294377/page-4#post-4180164

Yes, i try to--- one example is company forecasts rather than past earnings.

I will never claim my method is fool proof. In fact, its still evolving. But i will say it just makes more common sense than looking at past price to guess the next move--

Follow the surf report for our trades.

surf

On occasion we post to twitter @marketsurfer. Feel free to join out 1700 plus followers if you are intrigued with our research.

 

[wjk]

There are lots of correlations between fishing and trading. Every trade is like a cast and u need to match your strategy to the conditions.

surf

I agree. The market is a big, flowing river of money. The trick is not capsizing the boat once one sets sail, or getting swamped by the bigger boats.

 

[marketsurfer]

You look at the fact that PAST data implies the next move in the indexes. No different than guys who use PAST prices in a certain pattern to imply a certain move in the indexes. You are doing the same exact thing as TA guys. Sorry dude.....it's a fact you won't admit to.

I disagree, but that's ok. There's more than one way to view the markets.

Surf

 

[nth]

@marketsurfer

Do you mind explaining how companies use the future to make forecasts? Because at the speed in which trading takes place these days, it's all very much in the past as soon as it hits the public.

 

[J_Smith]

Yes, i try to--- one example is company forecasts rather than past earnings.

I will never claim my method is fool proof. In fact, its still evolving. But i will say it just makes more common sense than looking at past price to guess the next move--

Follow the surf report for our trades.

surf

A simple yes or no will suffice.

Do you believe that it is possible, by using multi timeframe analysis of charts, to come up with a fairly good idea of where the big players in the market have positioned themselves, and where they are likely to exit their positions?

J_S

 

[EPrado]

Yes, i try to--- one example is company forecasts rather than past earnings.

I will never claim my method is fool proof. In fact, its still evolving. But i will say it just makes more common sense than looking at past price to guess the next move--

Follow the surf report for our trades.

surf

On occasion we post to twitter @marketsurfer. Feel free to join out 1700 plus followers if you are intrigued with our research.

You never answered when I asked you for PROOF that TA does not work. Apparently my tone was too harsh. So please, with sugar on top, can you show us your evidence that TA or PA does not work ? And don't say "go to collective 2" or " I have read some research"....let's see some concrete evidence. Otherwise what you say holds zero weight.

 

[marketsurfer]

You never answered when I asked you for PROOF that TA does not work. Apparently my tone was too harsh. So please, with sugar on top, can you show us your evidence that TA or PA does not work ? And don't say "go to collective 2" or " I have read some research"....let's see some concrete evidence. Otherwise what you say holds zero weight.

First it's impossible to prove a negative.

With that said, there is ample evidence, that's easy to understand in David Aronson's Evidence Based TA and apparently in the new "fooled by TA" book ( which i have not read or even seen yet beyond a review.



surf

 

[marketsurfer]

A simple yes or no will suffice.

Do you believe that it is possible, by using multi timeframe analysis of charts, to come up with a fairly good idea of where the big players in the market have positioned themselves, and where they are likely to exit their positions?

J_S

No, not so it will give you a decision making edge. You can see where they have been, but not where they are going. surf

 

[nth]

First it's impossible to prove a negative.

With that said, there is ample evidence, that's easy to understand in David Aronson's Evidence Based TA and apparently in the new "fooled by TA" book ( which i have not read or even seen yet beyond a review.



surf

Doesn't it seem that the premise and conclusion to your "ample evidence" is that:
"If data can be produced randomly,
then all data is random."

What's wrong with that statement? I mean they use a simulator to produce random data, then they say "see... it's all random.. Or they say, "Oh look monkeys can get the same results.. so therefore it's completely random." Or.. , "Oh look this instance we found via data mining is a survivor and survived by luck.. so then all instances are luck.. and none of them survived due to fitness..."

Please.. some real evidence.

On another note, going along with your latest YM call.. I thought you might like this:
http://www.calculatedriskblog.com/2015/09/feds-flow-of-funds-household-net-worth.html