Surf Report

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Well im getting chopped up today and a tad underwater , need a trend by EOD to walk away with decent profit , its just one of those days , they happen ... Trust me no 300 point DD ;-)



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marketsurfer said:
It is obvious that by entering a directional trade you are making a prediction on the future direction.

Plus any chart is past price by default.

Why do you delude yourself to think otherwise? Delusion has no place in the market.





No amount of sarcasm or rhetoric can change these facts

So i don't get your point.

surf
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surf,

Don't you realize that whatever you are looking at to make your projections is also based on info from the past? Whether that be fundamental info or PA info. Any fundamental data or calculations of the fundamentals are based on past info about the fundamentals. For instance, Buffet studies what? Past info on companies!

Are you deluded too? Just a question not an accusation.
 
speedo said:
Pete YM and the ES of late have been printing some rough intraday trade. Check out the NQ, it's a lot cleaner.
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CL nice clean trendy days , where i play the most . Will check NQ but its been pretty static last time i looked . cheers
 
The nq es and ym in triangle b.o. mode,... probally south. Today is 1 to 3 point scalps. Too much indecision for more untie pa proves otherwise.
 
volpri said:
The nq es and ym in triangle b.o. mode,... probally south. Today is 1 to 3 point scalps. Too much indecision for more untie pa proves otherwise.
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NQ had nice move up and then nice move down but yes, now in consolidation(lunch time torpor)
 
These are highly probable scalps so if something is highly probable to happen you can't expect much reward as too many smart traders will take the other side. That creates the chop. So, when price looks real good for shorting take quick profits. There is an old say. "If sonething looks too good to be true..well it probally isn't true. You generally can't have low risk, high probability, and big reward at the same time.

When we get a big b.o. Then a pb then the ball game changes. It is just a scalping market as it is a ranging market in the shape of a triangle. Triangles can be sideways converging ranges. As well as ascending or descending ranges.
 
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