Surf's Special Situation Journal
- Thread starter marketsurfer
- Start date
- Status
Quote from marketsurfer:
I take it the TA traders are short now with 275 plus point stops on the upside??
The TA traders went short right before surf's price drivers indicated massive buying volume arriving in the market-- TA traders are always late and a dollar short.
Chart for illustration purposes only
Easily can be wrong, no biggie. TA traders don't pretend to possess some secret always right method. Just odds say this or that and I do this or that. That's how I make a living.
Quote from cornixforex:
It was third-party verified live track record, no empty claims. Ever.
I must have missed it. Regardless, the only thing that makes sense to post is pre trade calls--- folks can't trade in the past, so what good is showing after the fact?
The old Wall Street trick of having 2 or more accounts and only showing the winner can also be used by TA traders to create a history. Please only real time before the fact calls on elite. Thanks.
Quote from cornixforex:
Easily can be wrong, no biggie. TA traders don't pretend to possess some secret always right method. Just odds say this or that and I do this or that. That's how I make a living.
So can random entries-- easily be right or wrong. How do you measure the odds to do this or that? Odds can be quantified-- but the TA brigade rarely does-- and when they do-- the real odd edge is rare and tiny. See evidence based TA by Aronson
Why not just admit you trade by feel and intuition? Using terms like odds is a misnomer in chart reading trading.
surf
Well, if you are being fully truthful, I can't argue with success.
However, i base my market ideas via testing of millions of results across years and years of data where actual statistical biases can be shown. While personification may work in the mental health field, I would exercise caution when drawing conclusions from personal experience in the markets. just a thought.
Follow me on twitter @marketsurfer
surf
Dude what an epic read. Just found this thread, and was mesmerized by the JCP short. I had the 6 month chart while reading it. You gave a date of 11/1 back in Sep. Looking at the chart, the bottom was like 11/10 or so. Excellent call in the face of mounting attacks. There was a pack of attack dogs on you. I will remember this one. Stick to what you know is right, keep calm, and go sailing. Epic.
Stick with what works for you. Not sure why some people want to insist that what you are doing isn't working when you have the stats to back it up!
What eventually happens to all TA traders and trend followers----
http://www.elitetrader.com/vb/showthread.php?s=&postid=3708705#post3708705
:eek: surf
http://www.elitetrader.com/vb/showthread.php?s=&postid=3708705#post3708705
:eek: surf
- Status