The Surf Report

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Quote from volente_00:

Thunder you seem to be a man of knowledge, what part of this do you not comprehend ?
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Let me tell you what I comprehend. If you squint your eyes in just the right way, then you will be able to see exactly what you want to see and nothing else. Not surprisingly, lucrative careers has been made by those willing to exploit this tendency among some people.
 
Quote from Magna:

... discuss the trades if you would like to hang around ...Thanks.
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Quote from ProfLogic:

... We violated 12280 on the 26th and with each subsequent Resistance failure we headed further down. The current Trend Support bottom is 12094. The current Trading Resistance top is 12166. When price creates an oscillation back to challenge 12094 it will either violate it or not. If it creates an oscillation there that fails to violate 12094, price will oscillate back up to test 12166, 12168 & 12209. If those oscillation points are violated then 12339, 12361 & 12384 are in line to be challenged after that.

I do like to be quoted correctly.
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The numbers/minor/major trend(s) change every day based on the previous day's price action Volente.

Your analysis is nothing short of amazing Prof. I understood you perfectly, part of the reason is that I use similar numbers but with a different methodology, so while I can catch some of the trades I have to pick and choose based on my own set criteria (is market in a uptrend/downtrend), which is a more linear approach to entering the trades, while your method allows for the true ebb and flow of the markets. (ie, while I sold yesterdays fall, my rules would not allow me to buy today's bounce).

I for one (and I know for a fact there's a mod ... who's actually a very generous guy) would be very interested in any thread you would want to start explaining your trading logic more in-depth and to a greater degree (and yes, I have read previous theads, and they've helped me get this far in my trading, but a more complete knowledge base would be so much the better).

I'm also well aware of what happened with surf/hank rollins giving 8 pages of crap out of 12 on the particular thread posted, and well, let's just say I don't believe that will be happening again.

It is a shame that the readers would have to continue to come here and wade through all of the dirt, rocks, sand, gravel, weeds and mud-slinging to get your writings, it would be nice to have a place where we don't.

Best Regards,

Jimmy Jam
 
the professor is saying, in short, the market will go up and down.

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. he rephrases common sense, adding a twist to make it seem that this is original and unique. it may fool his students and other naive' get rich quick groupies, but there is nothing different here. i believe one of thunderdog's favorite authors--william gallacher addresses this phenomena is his book "winner take all" its simply silly sounding to any thinking person who understands the market---but hey, i am certainly not going to tell anyone who to listen to.

i am going to be holding these shorts overnight once again.

regards,

surfer
 
Quote from marketsurfer:

the professor is saying, in short, the market will go up and down.

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. he rephrases common sense, adding a twist to make it seem that this is original and unique. it may fool his students and other naive' get rich quick groupies, but there is nothing different here. i believe one of thunderdog's favorite authors--william gallacher addresses this phenomena is his book "winner take all" its simply silly sounding to any thinking person who understands the market---but hey, i am certainly not going to tell anyone who to listen to.

i am going to be holding these shorts overnight once again.

regards,

surfer
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Please do not try to interpret what I do . . . you aren't even close. Don't try to explain what I do either because you aren't any closer.

Simply make your calls, promote your fellows books, preach to your choir and listen to the suggestions of the moderators.
 
There will not be a so-called "trading contest" between marketsurfer and ProfLogic. For a variety of reasons that does not happen and there's no point resurrecting the notion once again (along with the follow-up endless discussion). ProfLogic is now posting here honorably and I ask that everyone else do the same. This is marketsurfer's journal so feel free to discuss trading with him along with his calls. All the rest is either noise or belongs in other threads.
 
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