This is the type of info I like to see on the Surf Report. Thank you!
You should read a bit more my friend.Truth be told, your charts are very subjective and you win/lose based on your money management --nothing to do with guessing based on charts.
Too bad the charts only show past price--- you need to guess about what way price will go after you enter the trade-- no pattern ,indicator or magic applied to past price can foretell what will happen next-- You are right, news is far from cut and dry regarding market reaction-- it takes knowledge and the ability to take news in context with the environment to clarify how it should affect the markets.
There are ways to see how the large players are positioning themselves and when this is combined with current events it creates an effective method of anticipating market movement prior to it occurring. Using computer power to create charts to trade from is like putting Pirelli Z tires on an Amish buggy with your charts being the buggy.
Seeing traders use "computer power" to draw charts always makes me chuckle as the data available today makes using only past price to make decisions irrelevant for all but the most basic noobs.
LOL YOU ARE riot surf. ..well just keep chuckling and I WILL keep drawing. ROFMAO. Keep losing and I will keep winning..DOUBLE ROFLMAO!Truth be told, your charts are very subjective and you win/lose based on your money management --nothing to do with guessing based on charts.
Too bad the charts only show past price--- you need to guess about what way price will go after you enter the trade-- no pattern ,indicator or magic applied to past price can foretell what will happen next-- You are right, news is far from cut and dry regarding market reaction-- it takes knowledge and the ability to take news in context with the environment to clarify how it should affect the markets.
There are ways to see how the large players are positioning themselves and when this is combined with current events it creates an effective method of anticipating market movement prior to it occurring. Using computer power to create charts to trade from is like putting Pirelli Z tires on an Amish buggy with your charts being the buggy.
Seeing traders use "computer power" to draw charts always makes me chuckle as the data available today makes using only past price to make decisions irrelevant for all but the most basic noobs.
You should read a bit more my friend.
In Australia and Africa, there are expert trackers who can find people and animals based on the tracks they leave. They only look at what has passed, what has happened, the signs left behind. Based on that they look in the direction the tracks point to.
Charts are much the same. They tell you where people have been and where they might be going to.
....
Good on you Mr surf, your YM trades are looking EH OK!
What is your current position?
View attachment 172676
It has not changed. 10 units short. The bottom is about to drop out....
surf

It might, or might not, but for now we are range bound.
First sign is break below 500 level to test the extremes. If no buyers come in, then we may well see a substantial move down.
Too early to call, and too risky for larger size till it breaks, either way.
Of course, if we get any bad news look out, they are just waiting to drop it, as you well know![]()
Load the Boat!It's guaranteed to happen. Its inherent in the global economic structure.