Quote from JimmyJam:
Good trade JSSPMK, well executed in a very logical and consistent manner. Great profit taken when offered (much more than I would take) and principal is now protected with a breakeven (+ x number of ticks) protective stop.
Good trading,
Jimmy Jam
It's just a paper trade, but TY! I am not an ignorant person.
The point of this exercise is not to beat Surf or to bring his morale down. Not at all. He voiced his opinions on common technical analyses, though he, himself seems to incur constant draw downs, quite major ones, by not using TA and using his proprietary method. Fair enough. He keeps saying that TA is subjective, hence it's unreliable, but what he fails to see is that today's markets can be treated as pure TA based. I don't quite understand how he established that it is unreliable, perhaps he couldn't come up with a winning method?
I, personally, can and actually do post real-time calls at least 2-3 times per week on ET for no real benefit to me, I just do it, so others can post their opinions on why they have taken an opposite side to me, if I see that they might have a stronger argument vs my position, I might reconsider staying in. ET is great for exchange of ideas and general banter on markets (and women).
So, let's carry on doing what we do without insulting one another, karma is a big thing. I would never ever say that something is undoable if another person proves me wrong, I mean a fact is a fact, but some will argue that a fact doesn't exist
