Surf's Special Situation Journal

Lucrum · Oct 28, 2012

Quote from marketsurfer:

SURF ALERT SURF ALERT

The bullish Price Driver reading is just off the charts right now (metaphorically speaking, of course ) in the YM dec contract.

Setting up the trading channel at 13057 to 12993--- going long on a break above, short below-- However, i am very confident for a solid up day tomorrow Monday and expect to be fully long when the upper line breaks.... surf

Sounds like TA to me.

marketsurfer · Oct 28, 2012

Quote from R. Raskolnikov:

Why do you need an opinion one way or another? You are set up to get long or short if either price is breached according to your rules. However you "feel" is irrelevant and counterproductive frankly.

the bias is critical in the setting of the channel-- note how much closer to current price the bullish break is than the bearish break point when first set---- surf

R. Raskolnikov · Oct 28, 2012

Fair enough, if that's how your method works, then I am incorrect in my previous post.

Quote from marketsurfer:

the bias is critical in the setting of the channel-- note how much closer to current price the bullish break is than the bearish break point when first set---- surf

TRS · Oct 28, 2012

Quote from Lucrum:

Sounds like TA to me.

cornix · Oct 28, 2012

Quote from marketsurfer:

Man, I couldn't ask for better material for a possible future book. You are jesting right? You are claiming that you are part of the market, morphing and changing with it----- do you even realize how deluded that sounds? This is the second best claim I have ever read on elite, the best one had something to do with a noble prize nomination in tech analysis-- that ended up in Covel's book where I am named checked, by the way---- please keep posting, i need the material!

surf

See, your reaction is very revealing.

Yes, I consider myself being part of the market. Not in the sense that my trading has significant effect on how the market changes, but certainly in the sense that I breath with the market every day and evolve as the market evolves. Only if you live like that you know that. I am sure people who trade will agree with me how even a day or two away from the market makes you feel a bit "distanced" from what's happening and "not in the flow".

You on the other side by your own admission is just writer/journalist. You write about things. Yes you regularly talk with the Wall Street "big guys" I trust you about it. But that's so typical self-delusion of many journalists to somehow believe if some professional talked to them, they understand that profession as good as he does. Not so, very far from it. Only practitioner knows for sure what trading is like, how it really feels.

cornix · Oct 28, 2012

Quote from R. Raskolnikov:

There is a big difference between hobby trader and professional trader. Some just don't understand this.

That's really hilarious how Surf who never traded for a living is acting like a guru here, speaking wisdom to mere mortals.

TRS · Oct 28, 2012

Quote from cornixforex:

See, your reaction is very revealing.

Yes, I consider myself being part of the market. Not in the sense that my trading has significant effect on how the market changes, but certainly in the sense that I breath with the market every day and evolve as the market evolves. Only if you live like that you know that. I am sure people who trade will agree with me how even a day or two away from the market makes you feel a bit "distanced" from what's happening and "not in the flow".

You on the other side by your own admission is just writer/journalist. You write about things. Yes you regularly talk with the Wall Street "big guys" I trust you about it. But that's so typical self-delusion of many journalists to somehow believe if some professional talked to them, they understand that profession as good as he does. Not so, very far from it. Only practitioner knows for sure what trading is like, how it really feels.

Cornix, the energy you are expending is wasted. Surf cannot trade. No ifs buts or maybes. Surf cannot support himself via trading.
To tell those of us that do this professionally what works and what doesn't is laughable.
He fails the test. He falls at the first hurdle.

cornix · Oct 29, 2012

Quote from TRS:

Cornix, the energy you are expending is wasted. Surf cannot trade. No ifs buts or maybes. Surf cannot support himself via trading.
To tell those of us that do this professionally what works and what doesn't is laughable.
He fails the test. He falls at the first hurdle.

Most likely you are right. But at least others will read it and maybe some don't fall in the trap of believing Surf really knows what he's talking about.

marketsurfer · Oct 29, 2012

Quote from cornixforex:

That's really hilarious how Surf who never traded for a living is acting like a guru here, speaking wisdom to mere mortals.

Ripping on me is one thing, it comes with the territory, but saying untruths is very uncool.

I traded for a living for several years in several capacities-- including for a hedge fund, for an options arb firm, and my own account--- this is not counting multiple years of daily, non professional hands on experience with numerous markets and tactics.

If you really think managing $4000 in OPM in a micro mini FX account and watching gyrations on a chart is viewed as anything other than a backwater, gamblers voodoo, scratch off lottery ticket endeavor by real market participants, you are more deluded, regarding markets, than I first believed .

surf

cornix · Oct 29, 2012

Quote from marketsurfer:

Ripping on me is one thing, it comes with the territory, but saying untruths is very uncool.

I traded for a living for several years in several capacities-- including for a hedge fund, for an options arb firm, and my own account--- this is not counting multiple years of daily, non professional hands on experience with numerous markets and tactics.

surf

Oh, excuse me then. I had an impression you said you've never traded for a living in the sense you formulate it (close to 100% income solely from trading).

Don't you mind if I ask: what instruments did you trade and what approaches did you use? Also why don't you trade now if you were successful trader in the past?