Surf Report

volpri · Apr 25, 2017

speedo said:
Not the picture of a collapse

Nope it is the picture of a successful B.O. of a bear channel which is actually just a bull flag. All bear channels are bull flags, of some time frame, and the B.O. is more likely to the upside. But if the bull flag pattern fails and istead has a successful B.O. to the downside then it can be a very pleasant ride south.

All bull channels are bear flags on a different time frame and the B.O. is usually south but likewise it can fail and the B.O. be north. When that happens it can be a pleasant ride north.

speedo · Apr 25, 2017

volpri said:
Nope it is the picture of a successful B.O. of a bear channel which is actually just a bull flag. All bear channels are bull flags, of some time frame, and the B.O. is more likely to the upside. But if the bull flag pattern fails and istead has a successful B.O. to the downside then it can be a very pleasant ride south.

All bull channels are bear flags on a different time frame and the B.O. is usually south but likewise it can fail and the B.O. be north. When that happens it can be a pleasant ride north.

The ES printed a even clearer wedge

speedo · Apr 25, 2017

volpri · Apr 25, 2017

Yes..ES is a wedge and also a triangle nestled inside the wedge and both of those nested inside a channel which is simply a bull flag with high propability of B.O. To the upside. I annotated your chart as i don't trade YM and don't have it in my data feed. Hope you don't mind.

RRY16 · Apr 25, 2017

Time to shut this down and move it to the TA section(coulda woulda shoulda)

volpri · Apr 25, 2017

RRY16 said:
Time to shut this down and move it to the TA section(coulda woulda shoulda)

ROFLMAO don't think Surf likes TA. Do you?

volpri · Apr 25, 2017

Bull flags, wedge bottoms, bear channels..all have a tendency to break north. Triangles are 50% chance of breaking in either direction. But when found in proper context as in this case within a wedge bottom, in a bull channel, then the triangle had slightly higher prob of breaking north. But individual bars must be studied. So, this was prob + prob+prob+ prob = trip to the bank. ROFLMAO. Of course, it could reverse any second..ROFLMAO. THE MARKETS filled with such uncertainty. You gotta place your bets boys or no trips to the bank. And above all take your profits and cut your losses and compound..compound..compound.

propwarrior · Apr 25, 2017

one thing I do have in common with Surf is I am not into TA.

truetype · Apr 25, 2017

You can be neutral on TA while still being negative on after-the-fact chart artists afraid to start their own journals...

NKVI>NH · Apr 25, 2017

truetype said:
You can be neutral on TA while still being negative on after-the-fact chart artists afraid to start their own journals...

surf,

why have a journal with with comments not expected?

why avoid the fact that your short mega trades are 7 of 8 massive account blowing losers?

rhetorical questions btw