Surf's Special Situation Journal
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Oh no... Recalled NoDoji's excellent post exactly on the matter...
http://www.elitetrader.com/vb/showthread.php?s=&postid=3608945#post3608945
It's too early to make conclusions anyway, positive result of 18 trades with 55% win rate can easily be random, right?
Time will show if this particular system published is junk or not. You are welcome to watch it closely as well as the long-term system where I made those Euro long calls I told you about in this thread last week. All recorded on 3rd party platform.
As for the journal, no, I won't post calls here, did a few journals in the past, now have enough distractions without it plus I don't really bother to prove anything for the sake of proving it...
Quote from cornixforex:
Oh no... Recalled NoDoji's excellent post exactly on the matter...
http://www.elitetrader.com/vb/showthread.php?s=&postid=3608945#post3608945
It's too early to make conclusions anyway, positive result of 18 trades with 55% win rate can easily be random, right?
Time will show if this particular system published is junk or not. You are welcome to watch it closely as well as the long-term system where I made those Euro long calls I told you about in this thread. All recorded on 3rd party platform.
As for the journal, no, I won't post calls here, did a few journals in the past, now have enough distractions without it plus I don't really bother to prove anything for the sake of proving it...
Yes, that is well within the random area. I'll check back every few weeks to see how you are doing. I'll short the program right now, if I could....
surf
STRONG HANDS - trading with other people's money...
WEAK HANDS - trading with your own money...
What happens when strong hands stop out...? They become unemployed dumb hands!
WEAK HANDS - trading with your own money...
What happens when strong hands stop out...? They become unemployed dumb hands!
Please link the stats here every 2 weeks starting today. I am not interested in being critical --If you want personal trading criticism try the combine here from Patek and topsteptrading. I, however, want to be proven wrong about my TA premise---- thanks, surf
Dude! Congratulations to stepping up to the plate on the Combine. I am impressed. surf
Surf, do you know what the Composite Operator is? That is the Smart Money Vs Dumb Money & Strong Hands Vs Weak Hands
I have given examples of Smart Money in action many times on ET, called the market a week in advance many times and shown basic Smart Money movement here in JCP. Where did the term come from? Probably you heard it from someone parroting Wyckoff who invented the method of following the Composite Operator - i.e. the Smart Money. Here's a little background on a TA Master...
"Richard Demille Wyckoff (November 2, 1873 â March 19, 1934) was a stock market authority, founder and onetime editor of the Magazine of Wall Street (founding it in 1907), and editor of Stock Market Technique.
Wyckoff implemented his methods in the financial markets, and grew his account such that he eventually owned nine and a half acres and a mansion next door to the General Motors' Industrialist, Alfred Sloan Estate, in Great Neck, New York (Hamptons)...
... One tool that Wyckoff provides is the concept of the Composite Operator. Simply, Wyckoff felt that an experienced judge of the market should regard the whole story that appears on the tape as though it were the expression of a single mind. He felt that it was an important psychological and tactical advantage to stay in harmony with this omnipotent player. By striving to follow his footsteps, Wyckoff felt we are better prepared to grow our portfolios and net-worth."
http://en.wikipedia.org/wiki/Richard_Wyckoff
So surf, unless you've been around before the 1800's, you're using good old TA success language when talking about Smart Money
On a different note, you thought JCP's shooting star tail was an exceptional event but I said nope, that just TA. Here's one on the Eur 4Hr chart yesterday. Note how it set's up in a perfect location although this is not required - it just makes it a no-brainer.
Thank you for the kind words...
But to be honest I haven't done anything impressive yet...!
I'm still wondering... Can I still play the game this way or not...? I can get net positive allright but I doubt that I'll be able to beat the Combine with 6 days left...
Quote from Xspurt:
Surf, do you know what the Composite Operator is? That is the Smart Money Vs Dumb Money & Strong Hands Vs Weak Hands
I have given examples of Smart Money in action many times on ET, called the market a week in advance many times and shown basic Smart Money movement here in JCP. Where did the term come from? Probably you heard it from someone parroting Wyckoff who invented the method of following the Composite Operator - i.e. the Smart Money. Here's a little background on a TA Master...
"Richard Demille Wyckoff (November 2, 1873 â March 19, 1934) was a stock market authority, founder and onetime editor of the Magazine of Wall Street (founding it in 1907), and editor of Stock Market Technique.
Wyckoff implemented his methods in the financial markets, and grew his account such that he eventually owned nine and a half acres and a mansion next door to the General Motors' Industrialist, Alfred Sloan Estate, in Great Neck, New York (Hamptons)...
... One tool that Wyckoff provides is the concept of the Composite Operator. Simply, Wyckoff felt that an experienced judge of the market should regard the whole story that appears on the tape as though it were the expression of a single mind. He felt that it was an important psychological and tactical advantage to stay in harmony with this omnipotent player. By striving to follow his footsteps, Wyckoff felt we are better prepared to grow our portfolios and net-worth."
http://en.wikipedia.org/wiki/Richard_Wyckoff
So surf, unless you've been around before the 1800's, you're using good old TA success language when talking about Smart Money
On a different note, you thought JCP's shooting star tail was an exceptional event but I said nope, that just TA. Here's one on the Eur 4Hr chart yesterday. Note how it set's up in a perfect location although this is not required - it just makes it a no-brainer.
No, I was not aware of that term, concept. Thank you for sharing it. surf
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