The Surf Report--part 2

Quote from RCG Trader:

Whoa...WHOA!!!

A blow off top is strictly a TA term surf, and since you do not use TA, what are you talking about exactly?:D
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No my brother, I use TA to describe what has already happened, not as a real time decision making tool. It's great to illusitrate things.
 
Quote from marketsurfer:

No my brother, I use TA to describe what has already happened, not as a real time decision making tool. It's great to illusitrate things.
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But you are using the belief that you saw a blow off top on your time frame as a reason to hold your shorts?

I don't understand. That is clearly a use of TA in your current trading decisions.
 
Quote from RCG Trader:

But you are using the belief that you saw a blow off top on your time frame as a reason to hold your shorts?

I don't understand. That is clearly a use of TA in your current trading decisions.
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Interested quandary.
 
Quote from marketsurfer:

Up a couple of points in the ES short from 1353.
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Not anymore, I told you it was Thursday. If you really wanted to short, you should had waited until the end of day. By the way it was obviously a consolidation day after 2 up days.

That is TA 101 for ya.....

Your readers are going to be so experienced in TA by the time this painful experience is over, they might even get a degree.... :)

Oh yeah, today we have reached 2/3rd of my swing up ~80 pts prediction.
 
Quote from RCG Trader:

But you are using the belief that you saw a blow off top on your time frame as a reason to hold your shorts?

I don't understand. That is clearly a use of TA in your current trading decisions.
More...


Noooo, my brother trader, you are not understanding. The blow off top was noted after the trade was entered, it was not the reason for the trade. Remember, TA is great for illustration about what "has" happened hence my use of the devils tongue.

:D
 
Quote from Pekelo:

Not anymore, I told you it was Thursday. If you really wanted to short, you should had waited until the end of day. By the way it was obviously a consolidation day after 2 up days.

That is TA 101 for ya.....

Your readers are going to be so experienced in TA by the time this painful experience is over, they might even get a degree.... :)

Oh yeah, today we have reached 2/3rd of my swing up ~80 pts prediction.
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Mr Pekelo,

Although I appreciate your contributions to this fine publication, I believe you would be better served by starting your own published journal with real time calls and commentary.

Best

Surf
 
Quote from marketsurfer:

Mr Pekelo,

Although I appreciate your contributions to this fine publication, I believe you would be better served by starting your own published journal with real time calls and commentary.

Best

Surf
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He makes great calls surf



9/17/10



Quote from Pekelo:

Since I want to help out my buddy, Emg, here is a trade for him:

Short 1120 SL 1150 T 900
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3/24/11



Quote from Pekelo:

Ammo, (and other swing short) traders you can start to build your short position.... SPX is at 1307....
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Quote from marketsurfer:

Noooo, my brother trader, you are not understanding. The blow off top was noted after the trade was entered, it was not the reason for the trade. Remember, TA is great for illustration about what "has" happened hence my use of the devils tongue.

:D
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I get that surf, but you stated that you were holding shorts based on this info. Now your trigger may have been something different, but the decision to hold is based on TA, is it not?
 
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