good luck!
surf
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The Surf Report
- Thread starter marketsurfer
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good luck!
surf
oh yeahhhhhhh! MONSTER MONSTER MONSTER
continuing to hold YM shorts in this most excellent downwave.
<b> EXPECTING SUB 10500 by 11.7.2008</b>
holding LULU long with profits.
have a great weekend,
surfer
continuing to hold YM shorts in this most excellent downwave.
<b> EXPECTING SUB 10500 by 11.7.2008</b>
holding LULU long with profits.
have a great weekend,
surfer
I bet you will have covered it months too early, because you don't believe in trendfollowing.
Quote from marketsurfer:
oh yeahhhhhhh! MONSTER MONSTER MONSTER
continuing to hold YM shorts in this most excellent downwave.
<b> EXPECTING SUB 10500 by 11.7.2008</b>
holding LULU long with profits.
have a great weekend,
surfer
Quote from Tracy McGreedy:
I bet you will have covered it months too early, because you don't believe in trendfollowing.
allow me to clarify, ms.greedy.
once a directional position is opened, ofcourse one needs to be on the right side of the directional movement. sticking with the drift is the way to go, this is RIDING THE TREND/DRIFT, not TREND FOLLOWING. i dont believe in the entry methods of trend followers, et al. ---but holding a position works, ofcourse. buy/sell and hold.
regards,
surf
Quote from Tracy McGreedy:
I bet you will have covered it months too early, because you don't believe in trendfollowing.
allow me to clarify, ms.greedy.
once a directional position is opened, ofcourse one needs to be on the right side of the directional movement. sticking with the drift is the way to go, this is RIDING THE TREND/DRIFT, not TREND FOLLOWING. TF is a specific method per those who write about such things. i dont believe in the entry methods of trend followers, et al. ---but holding a position works, ofcourse. buy/sell and hold.
Trend Followers TOOK A BATH buying the top tick in the YM etc recently.
regards,
surf
*Sigh*Quote from marketsurfer:
allow me to clarify, ms.greedy.
once a directional position is opened, ofcourse one needs to be on the right side of the directional movement. sticking with the drift is the way to go, this is RIDING THE TREND/DRIFT, not TREND FOLLOWING. TF is a specific method per those who write about such things. i dont believe in the entry methods of trend followers, et al. ---but holding a position works, ofcourse. buy/sell and hold.
Trend Followers TOOK A BATH buying the top tick in the YM etc recently.
regards,
surf
There you go again. You label those who bought the top tick in YM as "trend followers," whereas they would be better identified as boneheads. Top tick? It must be fun to reduce actual trend followers into harmless cartoon characters for your fun and amusement.
And speaking of cartoon characters, in this post of yours that I am quoting, you wrote "---but holding a position works, ofcourse. buy/sell and hold." However, less than a month ago, you wrote:
Quote from marketsurfer:
...I am still of the belief that trend following is the same as buy sell and hold...
http://www.elitetrader.com/vb/showt...ghlight=marketsurfer+buy+and+hold#post1645289
!!!!!
Yes, I know, you noted that you don't believe in the entry methods of trend followers (if only you understood them in the first place), and you referred in the earlier post to the "inherent heat." Well, surf, on the one hand I can understand your reported aversion to "heat." However, on the other hand, some of your recent trades have contributed to global warming, if you get my drift. (Including your current YM trade at the outset.) Stated differently, you are not one to talk. Stones, glass houses and all that. You state an aversion to heat, and then you repeatedly singe yourself like a moth to a flame. You repeatedly expose yourself to the very pain you accuse trend traders of enduring. Did I mention glass houses?
Your current trade is doing well, and I'm happy for you. But if you continue to puff your chest and pontificate, then I may start wishing you an education instead.
P.S. Trend following may or may not be buy/sell and hold.
I've read your journal. Your timeframe is too short to effectively follow trend. Your system seeks smaller counter ripples within larger waves.
(which is a decent strategy, btw)
However, it seems you are looking for the larger waves in the wrong places and find yourself giving back too much profit. It's a "tweener" syndrome. Like the guy in the nba who's too short to play power forward but not nimble enough to be small forward.
(which is a decent strategy, btw)
However, it seems you are looking for the larger waves in the wrong places and find yourself giving back too much profit. It's a "tweener" syndrome. Like the guy in the nba who's too short to play power forward but not nimble enough to be small forward.
Quote from marketsurfer:
allow me to clarify, ms.greedy.
once a directional position is opened, ofcourse one needs to be on the right side of the directional movement. sticking with the drift is the way to go, this is RIDING THE TREND/DRIFT, not TREND FOLLOWING. i dont believe in the entry methods of trend followers, et al. ---but holding a position works, ofcourse. buy/sell and hold.
regards,
surf
Quote from Thunderdog:
*Sigh*
There you go again. You label those who bought the top tick in YM as "trend followers," whereas they would be better identified as boneheads. Top tick? It must be fun to reduce actual trend followers into harmless cartoon characters for your fun and amusement.
And speaking of cartoon characters, in this post of yours that I am quoting, you wrote "---but holding a position works, ofcourse. buy/sell and hold." However, less than a month ago, you wrote:
http://www.elitetrader.com/vb/showt...ghlight=marketsurfer+buy+and+hold#post1645289
!!!!!
Yes, I know, you noted that you don't believe in the entry methods of trend followers (if only you understood them in the first place), and you referred in the earlier post to the "inherent heat." Well, surf, on the one hand I can understand your reported aversion to "heat." However, on the other hand, some of your recent trades have contributed to global warming, if you get my drift. (Including your current YM trade at the outset.) Stated differently, you are not one to talk. Stones, glass houses and all that. You state an aversion to heat, and then you repeatedly singe yourself like a moth to a flame. You repeatedly expose yourself to the very pain you accuse trend traders of enduring. Did I mention glass houses?
Your current trade is doing well, and I'm happy for you. But if you continue to puff your chest and pontificate, then I may start wishing you an education instead.
P.S. Trend following may or may not be buy/sell and hold.
well, mr. dog, thank you for the questions. however, you are confusing specifics with generalities with my statements. First, Trend Following by definition is buying/selling new highs/lows, the high/low tick if you will, expecting additional moves in the same direction. you or anyone making up a definition differing from the accepted definition does not change the facts. "boneheads" your word, is only knowable in hindsight. those who bought the perceived "top tick" through the year long rally were heroes, not boneheads. remember, top tick, is relative until one enters or the drift actually changes-- it is also only viewable in hindsight.
i am not a trend follower, but rather a trend anticipator. followers get slaughtered again and again, as we witness the stumbling public who by default are trend followers. anticipators, on the other hand, are the actual participants of speculation---- the individuals, the frontline, the risk takers who reap the spoils, freely given by the misguided and confused trend FOLLOWERS.
i do not have an aversion to heat, but rather embrace it as a necessary step in trend anticipation.
regards,
surf
ps. "trend anticipation" copyright pending marketsurfer2007
Quote from Tracy McGreedy:
I've read your journal. Your timeframe is too short to effectively follow trend. Your system seeks smaller counter ripples within larger waves.
(which is a decent strategy, btw)
However, it seems you are looking for the larger waves in the wrong places and find yourself giving back too much profit. It's a "tweener" syndrome. Like the guy in the nba who's too short to play power forward but not nimble enough to be small forward.
yeah, still working on the systems. thanks for the suggestions and observation.
surf
Excellent analysis TM, and as a long-time knkicks fan, the "tweener" concept isn't lost on me (frick'in knicks, they gave away last nights game ... again).Quote from Tracy McGreedy:
I've read your journal. Your timeframe is too short to effectively follow trend. Your system seeks smaller counter ripples within larger waves.
(which is a decent strategy, btw)
However, it seems you are looking for the larger waves in the wrong places and find yourself giving back too much profit. It's a "tweener" syndrome. Like the guy in the nba who's too short to play power forward but not nimble enough to be small forward.
Surf does very interesting work here, but since it's nether intraday, nor position, nor weekly timeframe it's actually very difficult for us to even see what the hell he is talking about.
Sharp,
JJ
P.S. It would also help if he could form his methodology and overview in a complete sentence, but he doesn't, perhaps on purpose.
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