Marketsurfer's bold gold proclamation

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Quote from marketsurfer:

No ofense meant, but trading what you see is a mistatement of fact at best, delusional at worst. Unless you can see the future, your making entries on what you "think" will happen. All you can see is what happened, so how are you trading what you see? Every trader speculates on what will happen in the future regardless of baseless platitudes like "trade what you see".

Gold 600 prior to 1000--- time frame indeterminate at this time.

best wishes,

surf

surf:D
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What he was trying to say is that your conviction is stronger than price action. What would be better for you is to be more patient & to follow price action (trade what you see) instead of picking tops & bottoms (trading what you think). Fundamentals need to be timed by technicals, if you ignore the latter, then God help you :)
 
Quote from marketsurfer:

No ofense meant, but trading what you see is a mistatement of fact at best, delusional at worst. Unless you can see the future, your making entries on what you "think" will happen. All you can see is what happened, so how are you trading what you see? Every trader speculates on what will happen in the future regardless of baseless platitudes like "trade what you see".

Gold 600 prior to 1000--- time frame indeterminate at this time.
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I will admit one thing, surf. You're a shameless bastard : )

If I had been dead wrong as many times as you, with almost no good calls to even things out, I surely would not be telling others how to trade.

With regard to your statement above, we need look no further to figure out how you went from being a trader to being an 'analyst' (isn't that what you call yourself? I think you're an analyst here on ET right? I mean, no one's paying you to analyze, are they?). Interpretation of price action is the only realistic way to trade in any time frame. Your lack of understanding of this fact is what leads to your frequent bad calls. You see something going up and up and you think "it can't go any further!!". You were wrong 4 times in your ES call using that strat, right? Experienced traders trade what they see. The instrument is going up and you trade from the long side. When price action shows that the upward move is losing momentum, you can start to look for shorts.

It's a good thing that you stand in front of freight trains in your paper account only, or on ET threads only. Imagine how much money you would have lost by now had you actually been trading your calls!!
 
Quote from traderNik:

I will admit one thing, surf. You're a shameless bastard : )

If I had been dead wrong as many times as you, with almost no good calls to even things out, I surely would not be telling others how to trade.

With regard to your statement above, we need look no further to figure out how you went from being a trader to being an 'analyst' (isn't that what you call yourself? I think you're an analyst here on ET right? I mean, no one's paying you to analyze, are they?). Interpretation of price action is the only realistic way to trade in any time frame. Your lack of understanding of this fact is what leads to your frequent bad calls. You see something going up and up and you think "it can't go any further!!". You were wrong 4 times in your ES call using that strat, right? Experienced traders trade what they see. The instrument is going up and you trade from the long side. When price action shows that the upward move is losing momentum, you can start to look for shorts.

It's a good thing that you stand in front of freight trains in your paper account only, or on ET threads only. Imagine how much money you would have lost by now had you actually been trading your calls!!
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ha, thanks for the heads up on this one, mike

let's just say this guy has absolutely no idea what he is talking about when it comes to me. First, i have NEVER traded the ES so he clearly has his wires crossed.

back to the dinner party,

surf

:D
 
Quote from marketsurfer:

...trading what you see is a mistatement of fact at best, delusional at worst.
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I would say a delusional is the one that stares at price action like on the chart below & declares that "the ride has just begun" before it actually started.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2553434>
 

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sounds like a hard core gold bull above.

charts will show you the past only. nothing there to see except the past. gold <= 600 prior to 1000---when , no one knows.

best wishes,

surf
 
Quote from marketsurfer:

sounds like a hard core gold bull above.

charts will show you the past only. nothing there to see except the past. gold <= 600 prior to 1000---when , no one knows.

best wishes,

surf
More...

Incorrect, charts also show you what is happening now, if one is willing to see. Right now Gold price has formed a pennant confirming a level of uncertainty, you say it ought to go to $600 before it reaches $1000 because you have a crystal ball, I say follow the brakeout. If it happens to be a headfake, then follow brakeout in opposite direction.

BTW I'm not a Gold hardcore bull, I am a price action slut :D
 
Quote from marketsurfer:

sounds like a hard core gold bull above.

charts will show you the past only. nothing there to see except the past. gold <= 600 prior to 1000---when , no one knows.

best wishes,

surf
More...

You argued for a gold correction based on a broad sell off in commodities, that happened but gold came roaring back. Now you are expecting an almost 40% decline based on what?
 
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