Surf's Special Situation Journal

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Quote from Laissez Faire:

I.e., "price did not break a key technical level, it's going up."



Sounds like a classic breakout trade.



Whatever, surfer.

Let's not mince words here.

I certainly hope you're able to appreciate the humor in what you are posting here. Continued happy holidays and good luck on your breakout trade.

:)
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You are right, descriptively it is a break out trade-- however, the LONG BIAS has nothing to do with the breaking out of price above a certain level. I am LONG LONG LONG biased based on Price Drivers not past price. I have no other language to communicate what is happening than TA, its very good descriptively---- It just has no value as a tool to develop a bias.
 
Quote from marketsurfer:

What? Been involved in markets for 20 years never heard this term. So I asked a finance PhD-- no clue either. What are you signalling? Thanks. Surf
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Save The Rhinos.

Sorry for the short hand. I was busy shorting the rally.
 
Quote from icarus618:

Save The Rhinos.

Sorry for the short hand. I was busy shorting the rally.
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One day you teach me how to trade in the past on a chart. That's one skill I can't figure out.

surf
 
Quote from marketsurfer:

One day you teach me how to trade in the past on a chart. That's one skill I can't figure out.

surf
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No one knows the future, but it's doubtful you can afford me even with the ET discount. I am very expensive.

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I love the marketing..
This is really surf's... special Technical Analysis journal.
Don't get me wrong... I like surf... I like his reading his calls...
but he is pulling our legs about t/a.


first we had t/a is goofy but we use statistics or we are quants/
now its t/a does not work but we use price drivers.

just as statistics are part of t/a
Price drivers are part of technical analysis.

http://en.wikipedia.org/wiki/Technical_analysis

In finance, technical analysis is a security analysis discipline used for forecasting the direction of prices through the study of past market data, primarily price and volume.[1] Behavioral economics and quantitative analysis use many of the same tools of technical analysis,[2][3][4][5] which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical and fundamental analysis is disputed by efficient-market hypothesis which states that stock market prices are essentially unpredictable.[6]
 
Quote from marketsurfer:

nice, you still shorting? another rally here. surf
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Dude, give me some credit, I do not hail from the marketsurfer school of trading. LOL

Rest assured I did not lose on that trade. I did flub the reversal, though. Left a lot on the table.

Tomorrow is another day.
 
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