Surf Report

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someone send out a search party Surf is m.i.a. There is a darker side to all this which is why I post on this thread. I've literally seen traders implode risking money they don't have, in some cases money they borrowed. Drink, Drugs to ease the pain, marriages broken, families separated. This is not a game folks, unless you are very well capitalised and know the game from the inside then don't risk any big money. The market will suck your wallet and more. I don't like newbies being influenced to throw their money or worse away betting on a 'guaranteed' 1000 point drop.

GL
 
All the indices moved strongly out of corrective consolidations. Anything can happen but sure appears likely that highs will be tested.
 
truetype said:
You can be neutral on TA while still being negative on after-the-fact chart artists afraid to start their own journals...
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Thing is Surf is not neutral on TA. He thinks it is hogwash.

Here is an example of some TA patterns. It called stopping points for price. With possible reversals. You just extend the known data points out and WAIT FOR PRICE TO GET THERE "IN THE FUTURE". You connect the dots to draw a picture and project that outward into the future. Just like I did in my previous posts BEFORE the fact. Here is an example. If you can't "see" you may need to wipe some chicken sh?t from your eyes.

PA chart for ES 4-21-2017 showing some trendlines ...channels...etc.. with the stopping points of price near, or on the line. In the grey circles. You draw the lines at beginning of the pattern and extend it and watch price behavior as it gets close to the lines. If it seems likely to be a successful pattern to utilize to take a position (based upon buying selling pressures of the INDIVIDUAL BARS)..then you take a position. If it is iffy.. you wait to see if there is a failure before deciding. Failures can be just as profitable as successful patterns. It is just that the odds favor successful patterns.

Clean your spectacles and you can simply observe and figure out which lines the circles are related to. Many times price will travel to the tick on these sort of lines. That is why I use them. Close enough to make money with. Plus they are BEFORE the fact so there you have it Mr Truetype.

By the way Surf too was using past data to project out into the future. Just a different data! ROFLMAO.

ES 4-21-2017 price pauses.jpg
 
marketsurfer said:
We have entered short restoration hardware at 48.63 per share with a downside target of 22. They are building "mansions" as stores rather than going the opposite direction. I can not see this as being a sustainable strategy.
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Notable that RH is below your entry today despite the strong market.
 
Surf hasn't lost anything yet. He is just probally mad at himself for not taking profits the market gave him on a silver platter lined with gold. He actually made a pretty good call.

People forget this is a bull market. Nevertheless, I was actually cheering for Surf and hoping he'd get his 1000 point drop. Hey..he nearly did! I don't see where he has anything to be ashamed of anything. Or embarrassed in the least. He might be mad for not taking his profits but he did make a call and he almost made it correctly.
 
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volpri said:
Surf hasn't lost anything yet. He is just probally mad at himself for not taking profits the market gave him on a silver platter lined with gold. He actually made a pretty good call.

People forget this is a bull market.
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has not lost anything yet? sure, thanks to being a game with no real account

but on paper, using futures its "marked to market" so the losses are real

how green are you?
 
truetype said:
Notable that RH is below your entry today despite the strong market.
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Yeah but he won't take profits until it reaches 22. Profits scare him. Scaling in and out, scare him. The only thing that doesn't scare him is doubling down on a losing trade.
 
NKVI>NH said:
has not lost anything yet? sure, thanks to being a game with no real account

but on paper, using futures its "marked to market" so the losses are real

how green are you?
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Probally greener than YOU! ROFLMAO. I may have gotton mixed up on his short entry price of this last trade. He had so many. I am talking specifically about this last trade not the rest.
 
propwarrior said:
someone send out a search party Surf is m.i.a. There is a darker side to all this which is why I post on this thread. I've literally seen traders implode risking money they don't have, in some cases money they borrowed. Drink, Drugs to ease the pain, marriages broken, families separated. This is not a game folks, unless you are very well capitalised and know the game from the inside then don't risk any big money. The market will suck your wallet and more. I don't like newbies being influenced to throw their money or worse away betting on a 'guaranteed' 1000 point drop.

GL
More...
 
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