Surf's Special Situation Journal

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Quote from cvds16:

that question is still out surf, even though I got stopped out on this one ... I always told I am much better on short term tf's ... making a bold long term call sure was a mistake, that much I must admit ... it's really not my game ... so in that sense 'I' was wrong ...
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No mistake man, I am happy to see the plunge. That's what real trading is all about! surf
 
Quote from marketsurfer:

When provided with a testable, objective definition-- and not garbage like "a long bar" ( do you know how bad that makes TA folks look when they say things like that?) it would be back tested against 10 plus years of data to determine if it actually has a statistical edge. This entire conversation is ridiculous to me as my associates have already tested 1000's of TA combinations over the long term and NOT ONE contained a profitable statistical edge--- ( remember, i am talking about the stock market and stock index futures) well, truth be told, one did, but only in the long term and the edge wasn't enough to cover the costs/commissions of the positions.
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No question about years of data and clearness of pattern definition. But how exactly do they test if it has an edge? What entry/exit and other parameters would they use?
 
In fact surf: it's just the things like 'long' bars etc. that's the way that good TA has to be used (intraday I emphasis again ...)
 
Quote from cvds16:

In fact surf: it's just the things like 'long' bars etc. that's the way that good TA has to be used (intraday I emphasis again ...)
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I completely agree. TA is a subjective art .

But I do have a question--- since TA believes I the fractal nature of markets, why does the time frame matter?
 
Quote from cornixforex:

No question about years of data and clearness of pattern definition. But how exactly do they test if it has an edge? What entry/exit and other parameters would they use?
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It's up to the person making the claim to provide the rules for trading that pattern. Take profits after x etc. if you don't have a full set of rules alo g withthedefinition of when to apply, it can't be tested.

Why not just admit your TA is a subjective art? why try to mAKE folks think you have some kind of science of making money in the market? I can't understand this paradigm. surf
 
We are approaching 500 points of pure profit in the YM long trade inspired by the Price Drivers. We have 500 plus more points to go to hit the PD target of 1000 points. It may just happen sooner than I thought! surf:D

THE SUPER BULL HAS ARRIVED!!

10f54s3.jpg
 
Quote from marketsurfer:

It's up to the person making the claim to provide the rules for trading that pattern. Take profits after x etc. if you don't have a full set of rules alo g withthedefinition of when to apply, it can't be tested.
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QED! :D

So you want not "just pattern" but the whole system to be provided in order to be tested?

Answer me sincerely please, would you care to provide your own profitable trading system for some strangers to "proove" if it works only for the sake of Internet discussion? :)
 
Quote from cornix:

QED! :D

So you want not "just pattern" but the whole system to be provided in order to be tested?

Answer me sincerely please, would you care to provide your own profitable trading system for some strangers to "proove" if it works only for the sake of Internet discussion? :)
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Your system is based on one pattern? That is what you are saying, no wonder you are losing money over the long run.
 
Quote from marketsurfer:

Your system is based on one pattern? That is what you are saying, no wonder you are losing money over the long run.
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Not just one, but not many either. Who said I am losing money in any run? :)
 
Quote from marketsurfer:


But I do have a question--- since TA believes I the fractal nature of markets, why does the time frame matter?
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It doesn't. My patterns for example work in any market and any time-frame (within limits of sanity of course, meaning enough volatility/liquidity and deal cost to justify trading the given market/timeframe combination).
 
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