The Surf Report

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Quote from Vienna:

I could be missing something, but aren't YOU doing exactly what you accused proflogig of doing? (This has nothing to do with you being correct about him or not):

You wrote (about HIS methdod): "if it goes up past a certain number and breaks it, its going up. if it does not make it past a certain number its going down. this is classic double speak and allows for substantial wiggle room in making calls. " . Compare that statement to your call above...? :confused: :confused:
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yes, i agree it looks similar. however, there are critical difference-- my channel system stays flat within the channel--i do not say its going down if it does not break the upper figure by the parameters. in addition, this is not a perfect method--its real life and its wrong many times vendorlogic claims that his calls are perfect and by framing them in this way, vendorlogic is always right. he leaves no room for error, he states his method is perfect. most amusing is his trade this morning, that was recorded on "odd size tic charts" thread--it was a good trade, but he closed it too early, so he covered himself by stating that he closed his short term trade but the long term trade in the same instrument was still open. vendorlogic must think that et members are quite naive'.

furthermore, i dont claim perfection or even 90% accuracy as vendorlogic does. he has/had a nearly perfect track record listed on his site--- these are the issue i have with vendorlogics claims and his double talk.

regards,

surfer
 
Quote from marketsurfer:

most amusing is his trade this morning, that was recorded on "odd size tic charts" thread--it was a good trade, but he closed it too early, so he covered himself by stating that he closed his short term trade but the long term trade in the same instrument was still open. vendorlogic must think that et members are quite naive'.
surfer
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That, or he might trade the same instrument in 2 different timeframes, such as intraday and swing. If you happen to think that there trends exist, then a retracement in a long swing trend could be an intraday short trade, right? I have no idea what he is doing, and neither do you. Since you DON'T KNOW what he is doing, to claim that he must be lying is meaningless. You just ASSUME it since you apparently never traded 2 instruments simultaneously.

furthermore, i dont claim perfection or even 90% accuracy as vendorlogic does. he has/had a nearly perfect track record listed on his site--- these are the issue i have with vendorlogics claims and his double talk. [/QUOTE]

Again, you dont KNOW that. I know somebody who sat for a year next to Marty Schwartz (Pitbull), and according to that person (who is a very respected financial figure), Marty easily hit 80-90 percent winners in his intraday trades. He waited a long time until everything lined up, did a few trades per day and rarely missed. And he traded 100-200 lots in the ES. Excellence can be an amazing thing....

From what I can see in your journal, you seem to hit a pretty low win percentage, perhaps 55-65% or so (Nothing wrong with that: this could still be profitable if your winners are big and your losers small. Hence my earlier questions about position sizing), but just because you aren't able do something doesn't mean that Marty Schwartz or anybody else can't either... correct? I can't play the piano. Does that mean nobody else can, either?

And regarding that whole "vendor" thing you keep harping on... show me one single post where the prof directs you to or mentions his website. Actually the only person who keeps mentioning it is YOU, and without your comments most readers would not even know the prof has a site. Now, with the same brillant logic perhaps one should accuse YOU of being a vending agent of proflogic?

:)
 
Surf just curious why a short was not entered at 12193 ? Do you have a time period that it has to stay under that number before entering ? Never mind, just saw your 3 minute rule.
 
Quote from Vienna:

That, or he might trade the same instrument in 2 different timeframes, such as intraday and swing. If you happen to think that there trends exist, then a retracement in a long swing trend could be an intraday short trade, right? I have no idea what he is doing, and neither do you. Since you DON'T KNOW what he is doing, to claim that he must be lying is meaningless. You just ASSUME it since you apparently never traded 2 instruments simultaneously.
:)
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You are correct. I trade multiple markets in different timeframes. I traded the YM for two separate longs today on my Intraday charts as well as 2 longs on the ES but because I'm building a new home had to go play on site. I closed out all my Intraday trades. My Swing YM trade is still intact from 12135 with a current stop at 12186. I stated pretty specifically, for normal people anyway, where my targets were and what I would do in reaching them. We took out 12209 so I am holding until I either hit my next target or create a failure before then.

People who aren't consistent have a real problem with that concept for some reason. I have an automated version of what I do that runs better than 70% accuracy. Humans are smarter traders though.

I have to keep telling myself . . . no pissing . . . no pissing . . .
 
Quote from ProfLogic:



People who aren't consistent have a real problem with that concept for some reason. I have an automated version of what I do that runs better than 70% accuracy. Humans are smarter traders though.

I have to keep telling myself . . . no pissing . . . no pissing . . .
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the accuracy claims continue to drop. perhaps, soon, they will reach the level of reality. perfection, as stated continuously on the website and shown via 100's of recorded entry/exits, 90% recently, now 70% via his system automated.
its also, now clear, that this "perfect system" is discretionary even with the inflated results. if humans can trade a perfect system better than automation, one can deduce the system is FAR from perfect. yes, hindsight, is truly 20/20. give it a break, professor.

LOL !

surfer
 
Quote from marketsurfer:

the accuracy claims continue to drop. perhaps, soon, they will reach the level of reality. perfection, as stated continuously on the website and shown via 100's of recorded entry/exits, 90% recently, now 70% via his system automated.
its also, now clear, that this "perfect system" is discretionary even with the inflated results. if humans can trade a perfect system better than automation, one can deduce the system is FAR from perfect. give it a break, professor.

LOL !

surfer
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You're a hoot. Your comments show you have absolutely no clue how computer programming works or what is involved in the process. You don't even realize how asinine your statement is and that is obviously sad. Everytime you make a statement like this your credibility diminishes. You will NEVER automate any form of your trading style and that has to piss you off. Sorry.

Stick with your journal, grow up and stop your constant pissing. If you directed the time you spent messing with me on improving your trading techniques, you be a lot happier of a guy.
 
... If you directed the time you spent messing with me on improving your trading techniques, you be a lot happier of a guy.
-ProfLogic

"yes, i agree it looks similar. however, there are critical difference-- my channel system stays flat within the channel--i do not say its going down if it does not break the upper figure by the parameters."
-market surfer

***
That's because you are not using the concept of Support and Resistance
You aren't using the concept of Support and Resistance because you aren't using the concept of Minor Trend
You aren't using the concept of Minor Trend because the you aren't using the concept of Major Trend

ProfLogic gave a compleat synopsis of them in the aforementioned Tic Size thread, and jack hershey (who paid us a visit here briefly) summed it up in about 4 paragraphs in the 19 year old trader thread.

Yesterday myself, Prof, volente_00 and anyone else who was looking saw the indices (DOW, NASD and SPX) hold at minor support on the intra-day charts and proceed to move towards minor resistance, Prof and volente_00 even gave you the hard numbers. When it encountered the minor resistance level it bounced once, twice and proceeded to break through it at the end of the session.

Today's gap which broke through the (new) resistance level was a strongly bullish sign, and not for nothing price rose, fell to test the former resistance (which was now support) and rose strongly to finish on the highs at the close … a strong sign of continued bullishness if ever there was one.

***
Yesterday and today's action took place within the context of trading Support and Resistance correctly as outlined by both Prof and jack. BTW the intra-day scalp trade which Prof, myself, F9 and whoever else trades the ES took was closed at the correct time. It had a decent 4pts of profit on the trade and the tide was beginning to turn, the trade could easily have been re-entered later on the trading session, however, most intraday traders learn to quit while they are ahead, because tomorrow is always another day … there isn't an intra-day ES trader who would not have closed that trade then on the Board and been happy with the gain (except maybe B1S2 :D ).

Surf, I personally find it interesting that you choose to pull out what you think is an erroneous trade closing from the thread while ignoring the mountain of technical information which ProfLogic has supplied (and which was greatly appreciated by several good traders on the Board), AND AT THE SAME TIME WRITING "i don't use hard stops. there are too many fluid factors that go into the decision to close a trade-- hard stops don't allow for the ever changing environment prior to the fact--i wish it was that easy!"

One writing gives a very exacting and rigorous method for understanding the overall market environment and trading it, the other, well, says nothing.

***
It's been good blogging, we've kept it clean, to the point and have only discussed the trading. Here's a thought "do more of what works, and less of what doesn't".

(I mean it, and that's from the heart) :)

Best Regards,

JJ
 
Quote from marketsurfer:

the accuracy claims continue to drop. perhaps, soon, they will reach the level of reality. perfection, as stated continuously on the website and shown via 100's of recorded entry/exits, 90% recently, now 70% via his system automated.

surfer
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That is funny. You just unintentionally verified what I had speculated about above, meaning that YOUR hit rate is perhaps 55-65%, YOUR "level of reality".
:)
 
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