The Surf Report--part 2

Quote from marketsurfer:

No, I don't know TraderVic. I am close with the other trading Victor however. What does he say regarding the gap rule?

Thanks,

Surf
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Have you ever heard of google?. If that fails, you can call TraderVic and ask him his secrets.:p

If if it was TraderEudae gap rule, then I would tell you... Maybe.:D
 
You really gotta work on controlling your vices and executing your system as best you can. This is a major roadblock between the hobby trader and the professional trader. It does take time to re-work natural tendencies in order to better interact with the mkts and it's easier for some to adapt than others. But regardless, controlling your weaknesses is imperative for consistent success.

Quote from marketsurfer:

Exactly. However, in retrospect, the system called 92% down by EOD today, therefore scaling in initially made more sense even prior to the entry. My mistake. Still battling that greed thing, even after all these years....

Surf
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I got curious, so here it is:

"The Trader Vic Gap Rule (TVGR) "If there is a gap, and it is going to reverse, it will do so 10-15 minutes after the opening 95% of the time. Please believe me on the odds, they are real. If the market continues in the direction of the gap after 10 to 15 minutes, it is a strong sign that the move will continue for the rest of the day, closing in that direction as well. Even if the market reverses after the 10-15 minute period, if it fails to fill the gap, odds are that the market will close in the direction of the gap."

This Rule is cited from Victor Sperandeo’s book: Trader Vic II: Principles of Professional Speculation, pg. 231
 
Quote from eudaemon:


Believe it or not, there's an army of people hanging on to every word I print. Even the prepositions.:D
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gapupandgo + TVGR ...

Are you going to bet against the continents drifting away as well, or the tides, or DEMTDAYBOYZ?.:D

92% ROFL

It's all good fun Surferboy. You just happen to be the laughing stock. Today only, I swear.:p

I'll call Seinfeld to read this thread next.:cool:
 
Holy crap! Could I have been more wrong so far??

ok, TOOK MAXX heat in the shorts-- going to close this one out for the second fatty loser in a row @1288.25.

Locked and loaded---Will enter again when the signals fire.

surf:(
 
Quote from eudaemon:

You'll puke before the gapup-n-go tomorrow... or during...
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Tried to warn you Surferboy. Amazing you could not see it.:confused:

Stubbornness maybe?. Lack of an exit strategy perhaps?.:eek:
 
Quote from mwingo1135:

Never put on a position before FED day errrrr.

Good luck on the next one.
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Thanks Wingo. I am majoring fighting the revenge trading urge to ramp up huge .....

surf:eek:
 
Quote from marketsurfer:

Holy crap! Could I have been more wrong so far??

ok, TOOK MAXX heat in the shorts-- going to close this one out for the second fatty loser in a row @1288.25.

Locked and loaded---Will enter again when the signals fire.

surf:(
More...

Never put on a position before FED day errrrr.

Good luck on the next one.
 
Quote from marketsurfer:

Thanks Wingo. I am majoring fighting the revenge trading urge to ramp up huge .....

surf:eek:
More...

So far a lot of economist are saying that the fed may go into an extended period of "Money printing" which could lead to another rally to overall test 1400 but its yet to be determined what they will or will not do.

Unless your already in a positive trade or your a day trader that can be in and out on the 30 min and lower charts (going obviously long) sit on the sidelines before fed day.
 
On second thought, I am going to step to the sidelines for awhile.

I am getting married in early July on Mont Tremblant--- ( met on elite trader, not just fugly guys posting here:D ) Need to start preparing for the event.

Thanks everyone for following along, I'll be back to the Surf Report sometime in July.

best,

surf
 
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