I know Rosen from his Tweets.
If I were Glencore or Cargill, I would make the map. Like you, I am not. Unlike you, I recognise that simple fact.
Surf Report
- Thread starter marketsurfer
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If I were Glencore or Cargill, I would make the map. Like you, I am not. Unlike you, I recognise that simple fact.
I like blazing a new trails. I have hunted jaguars in the jungles of Belize years ago back when it was legal. I walked in the jungles at night ...slept in the jungles..lived in the jungles. Lived in the jungles of Panama and rode the rivers up and down. Hiked 12 days across the jungles of Honduras and came out on the North coast. Many times in the jungles hacking my own trail. Flown to Honduras in a 4 seater plane. Land on fields..walk to gas stations with gas cans..purchase gas for plane (engine modified to work on car gas). Most of the time no maps or very rustic maps. You learn to adapt..to make do..to survive..to reach a goal..to suffer...to overcome. I done what others just read about.
However, when it comes to trading I need to see the map to then blaze new trails or rather discover and anticipate new trails because I can't move the market. Ain't got enough $$$.
Technical analysis is like card counting in blackjack. It works if there is a constant number of decks from which cards are drawn. If the number of decks in the shoe changes randomly, knowing the number of face cards played in the recent past will not provide information about the number likely to show up in the future. If there is a relatively constant set of participants in the marketplace and their buying and selling activity falls within stable parameters, we can make a reasonable inference as to the probability of forthcoming buying or selling.
The smart trader is not looking for where to buy or sell. The smart trader is looking to see if the current market activity is stable relative to the activity of the recent past. The smart trader watches the dealer and figures out when card counting truly yields a betting edge.
Dr brett s.
"Unfortunately, today, the number of decks in the shoe is constantly changing due to the machines making TA both irrelevant and dangerous to your financial health "
Marketsurfer 2017
The smart trader is not looking for where to buy or sell. The smart trader is looking to see if the current market activity is stable relative to the activity of the recent past. The smart trader watches the dealer and figures out when card counting truly yields a betting edge.
Dr brett s.
"Unfortunately, today, the number of decks in the shoe is constantly changing due to the machines making TA both irrelevant and dangerous to your financial health "
Marketsurfer 2017
No shit Sherlock.
It's about stating the blindingly obvious.
Next time you are hired by PTJ or get your PhD maybe you will be qualified to comment about others with far more experience and intellect than you. Until then continue looking moronic
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It's assess sunshine, if you had half the intellect I have you'd know that subconsciously.
I mean seriously, you purport to write articles for magazines and a book, and you can't even spell? And you want to talk about intellect?
Now THAT was a crappy move, Mr. Surf. These folks were calling you out on a spelling error you made, on the word "assess". Instead of correcting the error by taking away the letter "c" you had in there by mistake, and typing an apology for misspelling the word, you just sneakily change the whole word to "comment" and add the word "about"? Nice smooth transition there! Ug!
Tactless to change a spelling error AFTER you have been called out on it, but do not admit to the mistake.
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