The Surf Report--part 2

Quote from Corelio:

http://www.amazon.com/Quantitative-...=sr_1_1?ie=UTF8&s=books&qid=1306335747&sr=8-1

Quant based balance sheet strategies don't rely on price. Portfolio or asset allocation can be solely based on fundamental metrics.
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The book includes concepts like "price momentum" and "valuation", both of which usually uses price. You must also exclude EPS, Market Cap etc, as they also are based on price. Do you also dismiss the price of a commodity directly affecting the company's performance, e.g. oil?

I feel stupid, and I will be the first to admit that I don't have extensive knowledge when it comes to "fundamental quant strategies"; Thus, I would be delighted if you could enlighten me...?
 
Quote from lornz:

The book includes concepts like "price momentum" and "valuation", both of which usually uses price. You must also exclude EPS, Market Cap etc, as they also are based on price. Do you also dismiss the price of a commodity directly affecting the company's performance, e.g. oil?

I feel stupid, and I will be the first to admit that I don't have extensive knowledge when it comes to "fundamental quant strategies"; Thus, I would be delighted if you could enlighten me...?
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Enlighten yourself. Do your own homework. No spoon feeding from my part.
 
Quote from marketsurfer:

After a few probes, it appears that we nailed the top in the ES,
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You did?? lol ! This thread is hilarious!

Reminds me of the time you swore gold would not reach 1,000. The day before it reached 1,000, it made a higher of 999.5, and you or your "we" rejoiced how you came within .5 of the top!!! Of course, you forgot you made the short call in gold at 700 and 999.5 was already a 40% move against you. Just a small detail.

I guess the orange afro and red nose are a permanent fixture on you and they don't come off.
 
Was surf at least humble about the bad gold call?

Quote from fly down:

You did?? lol ! This thread is hilarious!

Reminds me of the time you swore gold would not reach 1,000. The day before it reached 1,000, it made a higher of 999.5, and you or your "we" rejoiced how you came within .5 of the top!!! Of course, you forgot you made the short call in gold at 700 and 999.5 was already a 40% move against you. Just a small detail.

I guess the orange afro and red nose are a permanent fixture on you and they don't come off.
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Quote from Corelio:

Enlighten yourself. Do your own homework. No spoon feeding from my part.
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I do not require any spoon-feeding, I have no interest in such methods. If they work for you, then that's great.

Thankfully I am able to extract more than enough money out of the markets using purely price-based data. At least in my short-term trading.

In my longer term trades, it is fascinating how a brain and a basic understanding of macroeconomics suffices...
 
Quote from Fireplace:

Was surf at least humble about the bad gold call?
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Regardless of what the detractors spout, I readily admitted to being humbled by my gold call. I was 100% wrong--but this was prior to the perfection of the surfer system. This system is being demonstated in real time on this thread and continues to amaze fans and bewilder critics.

surf:D
 
Quote from Lucrum:

Hmmmm...OK.
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You are mixing up short and long term--- the message was to the traders who got in on the original call, not day traders to "get short" it was "stay short"

surf
 
Quote from lornz:

So you do not use any financial time series at all? No looking at market internals, intermarket analysis etc?

Is your trading based on astrology? :D
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no, no astrology and no price time series.

Price is a result of various influencers(variables) in the market. If you just study price, you are simply looking at the outcome of a certain mixture of variables. The TA folks have it wrong and backwards-- price is moved by the varibles, varibles are not moved by the price. TA is akin to circular logic wherein it does not lead anywhere but a description then a guess about what will happen next. The surf system quantifies the drivers of price so that a wise decision can be made about future price prior to a directional entry. I hope this helps. thanks, surf
 
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