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Quote from Ol' Yella:

Sadly, indextrader7 only serves to prove Surf's points. He seems like a nice guy, well intentioned and very hard working, but thusfar trading has not worked out for him. He has posted about his results on another site since leaving ET.

He tried to start a CTA last year and lost double digits the first month, and his business partner quit and told the clients to take their funds out. Since then he has been trying to pass a Combine but has been unsuccessful after 3 or 4 tries.

It's the same story you see over and over again on forums--- big dreams that are never realized. Wish it wasn't so.
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Another one bites the dust. How much more money will be thrown away and how many more hours wasted until these deluded souls are convinced objective TA can not work?

The lure of easy money is the same attraction to the casino. They somehow think they are "special".
 
Quote from marketsurfer:

The primary difference between now and the sector driven times is that today the market is purely powered by 85 billion monthly from the fed--- once this slows down and ends, the panic will set in over the entire market and the snowball effect will be unstoppable. It will be unlike anything in the past. surf
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Not sure if you saw this article on "predicting"next week's FED conference.

http://www.marketmontage.com/2013/0...aign=Feed:+marketmontage/xyz+(Market+Montage)

I agree - all throughout this up trend since spring 2009, no major pullbacks have occurred until QE had paused.
 
Quote from Ol' Yella:

Sadly, indextrader7 only serves to prove Surf's points. He seems like a nice guy, well intentioned and very hard working, but thusfar trading has not worked out for him. He has posted about his results on another site since leaving ET.

He tried to start a CTA last year and lost double digits the first month, and his business partner quit and told the clients to take their funds out. Since then he has been trying to pass a Combine but has been unsuccessful after 3 or 4 tries.

I am assuming the videos posted here last year are sim account, but am not sure. In one of the early videos he did say he was on sim but not sure if he stayed there.

It's the same story you see over and over again on forums--- big dreams that are never realized. Wish it wasn't so.
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Thanks Ol' Yella,

First, as stated before, there does exist traders that posted verification of their profitable trading while using TA. I've seen such with my own two eyes via indextrader7 and several others. surf has stated a few times here at ET such has never occurred here when I knew for fact such had occurred.

Only issue is that these threads are "short lived" and there's very little interest in such threads. Heck, even surf himself stated he's been a long time member here at ET and didn't even know such a thread had existed.

Now getting back to indextrader7, I don't think most are trying to be CTA. He never mentioned such doing the several weeks I watched him trade. Yet, I do know he suddenly disappeared from his live webcasts with no explanations. However, one of the last days I do remember he said he was going to do something new with no explanation. Yeah, he did show up at another forum but said trading wasn't for him and I didn't bother to find out what changed from the live webcast to him shutting down.

Simply, I do believe you Ol' Yella. Like I told someone else that was profitable here at ET and was marketing his profitable trading record with broker contact info as verification so that he can manage the money of family/friends prior to soliciting bigger fish...

Why bother with CTA stuff when you have something currently working for you as a profitable retail trader. Unfortunately, he too went belly up after starting a fund. :( :( :(

By the way, in the hindsight recaps...he did say it was simulator but he had planned to go live with real money and would do "live webcast" of his real money trading...that's when I showed up to watch him do live trading and he was profitable even though I felt he seem to get down on himself heavily during losing trades.

Hopefully, indextrader7 will get back to what was working well for him.

Yeah, now that I think more about it. It does seem like a common theme. Profitable trading gets too big for some folks and they then decide to start a fund.
 
I think by 2055 markets will simply go flat and there will be no interest in market speculating. I have always believed this will be due to the ability to predict what's going to happen.
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Good point there and one I have never thought about going that far ahead (y). I suppose by then your toaster and kettle will be gathering infomation on you, so god knows what algos will be like.
 
Nothing will change. Human psychology will always be the same and people will continue to be driven by fear and greed.

Look at market history if you want to know the future.
 
Quote from marketsurfer:

No, I didn't see that, thanks! I can't help but think its from someone stuck in overall bullish positions and they are talking their book. surf
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If your price drivers have an inside scoop on the coming end of QE, I can't blame you for being short, if you trust your sources.

On the flip side, now that Abe is printing and austerity in Euroland is going out of fashion, Ben may sense his moment to take profits while the suckerz get in (suckers being the other CB's who did not ease in 2009, and are afraid of missing the partay)
 
Quote from marketsurfer:

The next short term support lays at 15197---
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Hi there, Marketsurfer,

I've been reading your debates here, but I have not been able to read your thread in its entirety, so forgive me if you answered this somewhere else. When I read someone refer to a price level as "support," that evokes, to me at least, a use of some aspect of technical analysis. Are you deriving these levels from traditional TA, or is this also a part of your price driver analysis?

Thank You,

Temuco
 
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