Surfer Alerts

slumdog · Apr 17, 2013

Quote from RedTankEra:

Easier said than done, adding to a winning position requires exceptional trading skills, particularly in the money management and momentum reads departments..
My point, don't suggest this without guidance, it's dangerous business for most.

If you experienced enough to have developed one or more good trading edges then figuring out how to add to positions shouldn't be a problem for you.

cornix · Apr 17, 2013

One better not experiment with scaling in/out before getting consistently profitable at all. Easy to get lost in trading, so baby steps, one at a time are a safer way.

southall · Apr 17, 2013

Quote from marketsurfer:

We are short /YG june at 1372-- GOLD

I dont get it.. why didnt the Price Drivers give a sell signal when gold was breaking down at $1500, why were they so late??

R. Raskolnikov · Apr 17, 2013

Very good point, especially since PD's are supposed to "predict" and not "react".

Quote from southall:

I dont get it.. why didnt the Price Drivers give a sell signal when gold was breaking down at $1500, why were they so late??

FundOperator · Apr 17, 2013

Quote from R. Raskolnikov:

Very good point, especially since PD's are supposed to "predict" and not "react".

I've read this entire conversation and I think you and I trade in a similar manner.

I react to immediate market conditions, placing trades based on those conditions. Those conditions being either long term or short term in nature. I set profit targets and look for exits around those target areas based on the original specific conditions. I set hard stops protecting each trade, just in case the conditions I reacted to immediately reverse against my trade.

marketsurfer · Apr 17, 2013

Quote from southall:

I dont get it.. why didnt the Price Drivers give a sell signal when gold was breaking down at $1500, why were they so late??

PDs are not calculated for gold.

Daring · Apr 17, 2013

Quote from marketsurfer:

PDs are not calculated for gold.

If PDs are in your eyes the best thing next to oxygen, why don't base all your trades solely on PDs; as in only trade trades signaled by PDs.

Obviously we readers know PDs are not oxygen and more like toxic waste, but assuming for a second they were good, the question is there for you to reason with, answer not required

marketsurfer · Apr 17, 2013

Quote from Daring:

If PDs are in your eyes the best thing next to oxygen, why don't base all your trades solely on PDs; as in only trade trades signaled by PDs.

Obviously we readers know PDs are not oxygen and more like toxic waste, but assuming for a second they were good, the question is there for you to reason with, answer not required

They are a work in progress. No one has ever quantified fundamental drivers in a succinct formula. I am excited about the potential.

Lucrum · Apr 17, 2013

Quote from marketsurfer:

No one has ever quantified fundamental drivers in a succinct formula.

Aren't you fond of repeating that TA can't be "quantified"?

marketsurfer · Apr 17, 2013

Quote from Lucrum:

Aren't you fond of repeating that TA can't be "quantified"?

TA patterns can't be quantified or even defined properly to be tested. You have been fooled by optical illusions.