What determines "level of conviction"? Is this objective and quantifiable, or is this your subjective assessment of whether you, or your price drivers, are correct. Is "D-Day" itself a price driver? Can you give an example of a "price driver?" I'm sorry if you've given it elsewhere, I am fairly new to ET and your journal, as I arrived when the combine discussions were apparently just getting underway.
Surf's Special Situation Journal
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What determines "level of conviction"? Is this objective and quantifiable, or is this your subjective assessment of whether you, or your price drivers, are correct. Is "D-Day" itself a price driver? Can you give an example of a "price driver?" I'm sorry if you've given it elsewhere, I am fairly new to ET and your journal, as I arrived when the combine discussions were apparently just getting underway.
Remember what happened last time surf doubled up as his price drivers were so strong? That was when he was challenging TA'ers to make a prediction. Remember what happened my TA call and surf's price drivers?
I look in here now and again for entertainment value to read the ramblings of a lunatic who repeats the same claims over and over, repeats the same actions over and over, and despite claims and performance consistently moving in opposite directions for years, surf expects a different set of results.
It ain't trading but it sure is great show business folks, and the show must go on
Happy New Year to surf, thanks for giving us a laugh and break a leg for 2013.
It's subjective at this point, unfortunately. Price Driver trading remains a work in progress. No, by D Day I meant the outside band of the Price Driver being correct on a time scale. Sure, book analysis is one of the Price Drivers. Basically anything that occurs prior to trades taking place can be a Price Driver--- We believe that once a trade takes place and price is printed-- it's too late and analyzing past prices via charts is futile when determining directional bias
surf
All in within the position sizing parameters--- I can't add any more to the position-- in retrospect, this was really stupid on my part, should have averaged into the position with the 10 contracts. surf
You will use price/volume information as it appears in the order book prior to those levels being traded, but you would disregard that same information once it is traded through? Does this not give a higher weight to potential market activity than actual market activity? And do you thus discount, if not outright ignore price trends and momentum? And what of bids/offers in the book but away from the market that get lifted immediately prior to the market trading those levels. Does this not make it more likely that you would base decisions on what is at best information meant to mislead?
You are a funny dude, Surfy. I do enjoy the banter most of the time. Alas, all things must pass, so I'll leave this place to real traders like yourself. I am done with message boards until 2014.
I like to give up a habit every year to shake things up a bit. One year it was coffee, another year it was meat. I am curious to see what will fill the space.
Good luck in 2013.
Surf, if price drivers were a real edge you would not be yapping on et about them. You have to be paid to be here to entertain us. you simply cannot be for real I have concluded..other than real entertainment.
This thread should move to chit chat..for clear reasons.
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