Surf's Special Situation Journal

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Quote from volente_00:

My trades are posted realtime in the bar and grill and are 90% based from from ta. Do you really want me to clutter your journal with them ?
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Yes, you do. No argument from me. Are you Pekelo?
 
Quote from marketsurfer:

Yes, you do. No argument from me. Are you Pekelo?
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No

I will state that I do not believe in any technical indicators. Tried them all for years and once I dropped everything off the chart it all came clear. Price, channels, trendlines, and pattern recognition is all you need.
 
Not sure I would say I do not believe in them either but I don't use them. I'm sure someone out there uses a combo of indicators in a way that works for them. Who knows.

Quote from volente_00:

No

I will state that I do not believe in any technical indicators.
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Quote from volente_00:

No

I will state that I do not believe in any technical indicators. Tried them all for years and once I dropped everything off the chart it all came clear. Price, channels, trendlines, and pattern recognition is all you need.
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And a healthy dose of money management -- right?
 
Quote from marketsurfer:

And a healthy dose of money management -- right?
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No fixed stops trading es


3-5 point stop for daytrades


Why do you trade ym ?

bottom to top gave $290 per contract yesterday and ES moved $350 per contract during same time.

One of the main reasons I quit trading it a long time ago.
 
Quote from marketsurfer:

Folks,

Price Drivers have shifted slightly to the short side for the short term. We have entered short @13295 with tight stops at 13310-- as the PD conviction bias level isn't 100%--

YM March
surf
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Have to laugh Surf, sorry, but your derision at TA continues to bite you in the bum.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3714206#post3714206

Quote from themickey:

Agreed. High risk atm for holding overnight position on S&P500 etc, could go either way from here unless you had a very tight stop.
I think we might see some chop at this level.
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Surfer's,

Price Drivers have shifted back to neutral leaning bearish. We are placing stops at 13283 on the march YM shorts here-- if hit, will lock in 37 points of profit-- holding here. surf
 
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