Surf's Special Situation Journal
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Quote from cornixforex:
Let me guess? And you wanted exact instruction to immediately start making millions without any efforts?
This quote here just shows how deluded you are... Making millions...??? Off of what...? Your retail account...? HAAAAAA!!!
Instructions...? From you...? I'm having a hard time believing that you're in touch with reality...
No buddy... Just wanted proof that your TA works... like I said... Take us through a trade in real time if you dare... I did... Off of TA and everyone could see the result... I honored and did exactly what I said I would do in real time with pictures and a live call...
Let's not kid ourselves here... Nobody could predict the sell off in USDJPY as it happened off of TA... If anything TA was even more bullish showing several "bull flags" on lower time frames... Now we can add more of your indicators... and you still won't get the reason for the sell... There were relevant news released at that exact time...!!!
If the news had been USDJPY bullish that pattern would have completed and worked out. BUT it wasn't...! So the pattern failed...
Can you say... UNPREDICTABLE...!!!!?
Check out another "bear flag" fail...
There's no such thing as a "set up"... in trading... The only "set up" here is having retail traders pay money to be taught how to "trade" and having them lose their money on the market. TA was invented by the brokers and the educators... DUH...! When are you guys going to wake up to that fact...?
I'm going to give you guys an example... Just remember... It's not my job to educate you and I make no claims as an educator. That's for the shills... No I'm going to give this away for free...
EXAMPLE:
TRADER VIEW
XYZ stock trades to 49.90... with really bullish patterns...! At 49.99 a massive sell off takes place taking the stock down to 48.90... Traders everywhere are stunned. They say stuff like... But... "I thought it was bullish... etc..."... One guy with a smile on his face contradicts them... "No way... I knew 50.00 was an important psychological resistance level! I made a killing today."
REALITY
Mr. Goldstein a Swiss national and majority holder in XYZ died while skiing in the Alps... People noticed his death but the stock kept going up wiping out the shorts... Around the time of the sell off... Goldstein's inheritors walk to their fund manager's office demanding that the assets of XYZ be liquidated and the funds kept separately until they're divided amongst themselves... The inheritors had no intention of following in the business...
So... You can see the difference between the reasons behind a real move and coincidence. 49.99 was not a real "psychological" level... It was just the price that the inheritors sold at... Anyone who had that informaton could have made a legitimate killing... The trader who sold 49.99 off of resistance was just guessing... He got lucky...!
This is more or less how the market operates... Now the lucky trader will go on to make more money writing about how he made a ton off money off of TA and giving seminars... With one small problem... He will mostly fail at repeating his previous awesome feat... In fact... the rest of his trading career will show a downward slope but he will still have that story!
EXAMPLE:
TRADER VIEW
XYZ stock trades to 49.90... with really bullish patterns...! At 49.99 a massive sell off takes place taking the stock down to 48.90... Traders everywhere are stunned. They say stuff like... But... "I thought it was bullish... etc..."... One guy with a smile on his face contradicts them... "No way... I knew 50.00 was an important psychological resistance level! I made a killing today."
REALITY
Mr. Goldstein a Swiss national and majority holder in XYZ died while skiing in the Alps... People noticed his death but the stock kept going up wiping out the shorts... Around the time of the sell off... Goldstein's inheritors walk to their fund manager's office demanding that the assets of XYZ be liquidated and the funds kept separately until they're divided amongst themselves... The inheritors had no intention of following in the business...
So... You can see the difference between the reasons behind a real move and coincidence. 49.99 was not a real "psychological" level... It was just the price that the inheritors sold at... Anyone who had that informaton could have made a legitimate killing... The trader who sold 49.99 off of resistance was just guessing... He got lucky...!
This is more or less how the market operates... Now the lucky trader will go on to make more money writing about how he made a ton off money off of TA and giving seminars... With one small problem... He will mostly fail at repeating his previous awesome feat... In fact... the rest of his trading career will show a downward slope but he will still have that story!
Quote from CoolTraderDude:
This quote here just shows how deluded you are... Making millions...??? Off of what...? Your retail account...? HAAAAAA!!!
Instructions...? From you...? I'm having a hard time believing that you're in touch with reality...
No buddy... Just wanted proof that your TA works... like I said... Take us through a trade in real time if you dare... I did... Off of TA and everyone could see the result... I honored and did exactly what I said I would do in real time with pictures and a live call...
Let's not kid ourselves here... Nobody could predict the sell off in USDJPY as it happened off of TA... If anything TA was even more bullish showing several "bull flags" on lower time frames... Now we can add more of your indicators... and you still won't get the reason for the sell... There were relevant news released at that exact time...!!!
If the news had been USDJPY bullish that pattern would have completed and worked out. BUT it wasn't...! So the pattern failed...
Can you say... UNPREDICTABLE...!!!!?
Check out another "bear flag" fail...
To not spend your time and efforts: what you hope for is not going to happen. If you politely asked then maybe... but you missed the chance. Oops. "Buddy".
Quote from cornixforex:
To not spend your time and efforts: what you hope for is not going to happen. If you politely asked then maybe... but you missed the chance. Oops. "Buddy".
I didn't miss any chance... There was no chance there to be had.
THE SECRET TO TRADING: Duh... There is no secret to trading...!
There are no set ups that work reliably... Gordon Gekko gave it all away in Wall Street... "The most valuable commodity I know off is information!"... You and I can't get to it... We're not inside and we don't do enough size to affect the outcome! Retailers have no chance except by gambling on a negative sum game.
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