Surf's Special Situation Journal

[traderchi128]

Quote from Brass:

What's your deductible on collision?

Holy shit was that funny.


I think the price driver is drunk.

 

[Maverick74]

Quote from marketsurfer:

Remember folks, Price Driver ANTICIPATES price movement-- it's not a reactionary tool like TA. Therefore a bit of adverse excursion is to expected--- I fully expect this trade to be profitable by the end of the session-- Price Driver remains in full effect.

surf

Surf, this is a classic expiration week squeeze. The time to short this market will be next week. You are fighting a strong current here.

You still short JCP?

 

[Fah Q]

Quote from Maverick74:

Surf, this is a classic expiration week squeeze. The time to short this market will be next week. You are fighting a strong current here.

this doesnt matter. the trade is a price driver trade. it anticipates. trends don't matter.

 

[marketsurfer]

Quote from Maverick74:

Surf, this is a classic expiration week squeeze. The time to short this market will be next week. You are fighting a strong current here.

You still short JCP?

yeah, still short JCP--- i'm expecting 50% plus returns on this one.

thanks, '

surf

 

[marketsurfer]

Remember, Price Driver is not a day trader per se'-- although it will enter short term trades. Think of Price Driver as an opportunistic prediction predator that positions itself prior to moves in an under the radar type fashion. surf

 

[Fah Q]

how many YM lots are you short? or is the position so big you must piece in 'under the radar' as not to disturb price?

 

[marketsurfer]

Quote from Fah Q:

how many YM lots are you short? or is the position so big you must piece in 'under the radar' as not to disturb price?

No, its a small position--- but the methodology is designed for large positions. You'll see what I see soon enough..

surf

 

[Fah Q]

Quote from marketsurfer:

yeah, still short JCP--- i'm expecting 50% plus returns on this one.

thanks, '

surf

negative returns or positive returns?

 

[Fah Q]

Quote from marketsurfer:

No, its a small position--- but the methodology is designed for large positions. You'll see what I see soon enough..

surf

i see a loss. and a random entry it looks like. i didn't see any price drivers lining up when you got short but whatev

 

[marketsurfer]

Yeah, Price Driver was not accurate on this entry. closing out with a 24 point loss in YM. Will take every entry system triggers.

surf