Well whatever you are using to predict the future sucks ass, or does being underwater 300 YM points count as accurately predicting the future?
The Surf Report
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Well whatever you are using to predict the future sucks ass, or does being underwater 300 YM points count as accurately predicting the future?
Market Surfer's longstanding attitude towards charting and technical analysis is "don't confuse me with the facts", Mike.
I'm sure you've had a friend with a drinking problem or substance abuse issues, or who just basically refused to take any type of responsibility for their actions.
Surf's trading is like that ... constantly driving down the wrong side of the road, telling everyone else that they're wrong. :eek:
JJ
shorts abandoned? did you not study the economic climate prior to making this proclamation?
i appreciate the effort and post, but seriously it appears to be numerology based psychobabble with verbal hedging. you may like this book:
http://www.amazon.com/Practical-Men...d_bbs_1?ie=UTF8&s=books&qid=1196883827&sr=1-1
are you saying that strength comes from weakness? might as well just say, if its going up, its going up and if it's going down, it's going down.
based on observation, you appear to be better at index trading than true commodities--- maybe you should stick with the YM for now?
surf
it's all time relative. the trade is still young-- 6 trading days from final entry.
hold comments till i close it out.
thanks,
surf
Anyone can hold a trade and simply wait for it to hopefully turn around while sitting on a large paper drawdown. If you hold enough positions they may eventually come around. But when do you decide if you are wrong?
If you are making a bet like that, better to use something other than futures for the position.
If you are making a bet like that, better to use something other than futures for the position.
Quote from marketsurfer:
plogic sent you his picture??
oil has turned negative, looks like we nailed the days reaction off of the inventory number. holding shorts here.
one of these days, chartists will learn there is way more to this game than trying to guess the future from the past.
regards,
surf
This chartist took profits in crude and is flat.
This chartist is still long the YM and currently pulling 10 points from 1st target.
Let's see . . . you are now almost 300 points away from break even.
One of these days, statisticians will learn that there is way more to this environment (this isn't a game) than guessing the direction one THINKS price will go.
"shorts abandoned, looking for long entry"
is that double speak of some kind? anyone can say anything after the fact, your post doesn't support what your saying here.
the language game doesn't cut it on the surf report. save it for the lazy farmers schemers and fast money dreamers.
surf
My shorts in Crude were abandoned with profit. I'm only concerned with consistent profitability. Pigs go to slaughter . . . & blind pigs starve.
What I do has absolutely nothing to do with numerology but of course you already know that. That is just your way of slamming something you don't understand . . . childish as it is. I never said strength comes from weakness. Please don't try to interpret what I do, you only embarrass yourself further.
If you ever learn to read price you will learn that it makes no difference what chart you are reading, price moves the same regardless.
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