Surf's Special Situation Journal

formal gold · Mar 12, 2013

Quote from marketsurfer:

Im out, done with the SHORTS in the YM-- closed at 14404 at a loss.

Completely flat--- bye

Ok you capitulated! Great. Now I guarantee the market will go lower the next few days.

Just please remain out, as you've indicated with the words "done" and "bye".

hard kore · Mar 12, 2013

Quote from formal gold:

Now I guarantee the market will go lower the next few days....

kinggyppo · Mar 12, 2013

Quote from Lucrum:

Correct me if I'm wrong. But the PD's did not predict "the top" otherwise I assume you would have sold "the top".

They simply indicated a reversal was probably near. NOT when, let alone "where" (price).

Oh, and why would you need Bollinger bands on your charts if they're strictly for illustrative purposes?

I let Surf off the hook with his article, quoted moving averages, history. Maybe its time for surf to come out of the TA closet!

cornix · Mar 12, 2013

Quote from Grandluxe:

You panicked him out,bro

Not going to exploit the moment, but TA is a great tool for timing and overlooking it is a big mistake IMO.

TheMagican · Mar 13, 2013

Quote from cornix:

Market started to sell off. Surf may be fundamentally right.

Sell-off???I beg you a pardon!

marketsurfer · Mar 13, 2013

Quote from bwolinsky:

There is no excuse for not looking at charts when trading commodity futures. Since there is no "portfolio" per se any risk/reward from 4 months, (when it has really been over 2 years), is not relevant, and I don't need to mention if you were to base a good trading history on 4 months and 1............................

Are you related to Jacob from Value Walk?

surf

bwolinsky · Mar 13, 2013

Quote from marketsurfer:

Are you related to Jacob from Value Walk?

surf

No... but a little flappy thing starts to crossunder and you're really high compared to where you were... SELL SELL SELL...then you go higher and higher and you realize you were wrong...or it's in black and going lower...or you panic before that so you get out...otherwise... then you wait until it goes even higher and finally goes down where that little flappy thing goes from oscillating down to flipping up and guess what? TIME TO BUY BITCH!

...

...

...

Repeat until you've made <u>enough money.</u>

As a capitalist though, the definition of enough money should never apply to any individual but only to institutions managing risk, like government... this enough is actually infinite and the trading described above will go on ad infinitum until there is satisfaction and the proverbial level of money that satisfies the individual who limits government bureaucracy just so they don't have to worry about losing faith in the value of their efforts and the subsequent rewards they earn to sustain themselves means that scarcity will always exist due to the competition of self-interest and preservation... whoops... I think I just shook the invisible hand while describing my commodity trading in the futures market.

Wide Tailz · Mar 13, 2013

Bowo's back!

What's up, quant boy?

My algo that uses hourly barz made 25% on SPY since inception, despite all the lag you were worried about.

I see you're up, too. Congrats

Grandluxe · Mar 14, 2013

You have to imagine traditional trend followers have to be doing very well in this environment. Slow constant grind up with low vol.

marketsurfer · Mar 14, 2013

Quote from Grandluxe:

You have to imagine traditional trend followers have to be doing very well in this environment. Slow constant grind up with low vol.

No question about it. Classic!

The latest intel is trend follower ed dunn is up 17%