Surf Report

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PistolPete said:
BY my model today is the first what could be even considered bearish day on DJ in over 3 weeks . Closed below yesterdays LOD , does this mean a top ? Hell no but its the first requirement for one to form , shorting prior to this an exercise in futility as clearly exhibited by the mindless martingale like system demonstrated here in this thread .... OH and thats one marginal close < previous days lod . Pyramid shorts on way down not the way up
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If you don't have the predictive models, you need to wait and hope that the trend continues like some chartdrunk trend follower. We get in ahead of the curve and pay zero attention to price charts since charts are the past and there is zero correlation to the future. Heck, that's even required in disclosure papers


surf
 
marketsurfer said:
If you don't have the predictive models, you need to wait and hope that the trend continues like some chartdrunk trend follower. We get in ahead of the curve and pay zero attention to price charts since charts are the past and there is zero correlation to the future. Heck, that's even required in disclosure papers


surf
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Ive seen proof of nothing but failed trading , Predictive pfft , ahead of the curve are we well ,some wait till at least a sign of the top of the curve , id rather be 2% too late than 10% too early . Your scaling trade size and fear to actually back the TOP call is all anyone needs to see , you are clueless and when you " Eventually " get it right after whatever incredible risk of ruin inducing drawdown you suffer us mere " mortals " will never hear the end of it ...
 
PistolPete said:
Ive seen proof of nothing but failed trading , Predictive pfft , ahead of the curve are we well ,some wait till at least a sign of the top of the curve , id rather be 2% too late than 10% too early . Your scaling trade size and fear to actually back the TOP call is all anyone needs to see , you are clueless and when you " Eventually " get it right after whatever incredible risk of ruin inducing drawdown you suffer us mere " mortals " will never hear the end of it ...
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Alrighty then, anonymous troll, go launch your own journal. Stay off the surf report.
 
The decline has started. It remains to be seen if it will be a slow meandering drop or a plunge of epic proportions for the 1000 plus YM points. But mark my words, its gonna happen.

surf
 
marketsurfer said:
If you don't have the predictive models, you need to wait and hope that the trend continues like some chartdrunk trend follower. We get in ahead of the curve and pay zero attention to price charts since charts are the past and there is zero correlation to the future. Heck, that's even required in disclosure papers


surf
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That's such a rookie comment, you have no idea! Back to the drawing board surf!
 
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marketsurfer said:
The decline has started. It remains to be seen if it will be a slow meandering drop or a plunge of epic proportions for the 1000 plus YM points. But mark my words, its gonna happen.

surf
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is it going to happen like it didn't happen the last 7 times you shorted it lol.
 
Both, trend following & counter-trend strategies, are valid and can be traded either successfully and unsuccessfully. It's about personal ability to see moments in time where it's more favourable to 'join a wave' where risk is minimised due to entry timing and first target is located at sufficient enough distance from exit to provide a favourable risk/reward to justify getting into a trade (using odds of at least 2/1).
 
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