The Surf Report

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Quote from marketsurfer


The first and most critical step is to only look at stocks trading above their 200-day simple moving average. This assures that a strong, long-term up trend is in place, increasing the odds that you are not buying into a falling knife or catching a stock in a death spiral.



I'm not trying to be a prick or ask rudimentary questions surf, but I thought you were in the camp that didn't believe in trends?
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Quote from Rtrader2525:

Quote from marketsurfer


The first and most critical step is to only look at stocks trading above their 200-day simple moving average. This assures that a strong, long-term up trend is in place, increasing the odds that you are not buying into a falling knife or catching a stock in a death spiral.



I'm not trying to be a prick or ask rudimentary questions surf, but I thought you were in the camp that didn't believe in trends?
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i don't believe in "trend following" as defined by the book which is buying higher highs, selling lower lows. testing has proven that pull backs meeting the criteria in the article have great odds of advancing over the next < 1 week time frame.

thanks,
surf
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Quote from Thunderdog:

Or TA.
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I am still evolving as a trader/analyst. the extensive testing since 1995 has proven the outlined method is very accurate at picking short term moves of less then 1 week. i can't argue with the figures or the results I have witnessed utilizing the research in real time.

Unlike you, I can tweak my beliefs when presented with workable evidence to the contrary.

all the best,
surf
 
Quote from marketsurfer:

I am still evolving as a trader/analyst. the extensive testing since 1995 has proven the outlined method is very accurate at picking short term moves of less then 1 week. i can't argue with the figures or the results I have witnessed utilizing the research in real time.

Unlike you, I can tweak my beliefs when presented with workable evidence to the contrary.

all the best,
surf
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So are you now saying that TA can actually be used to devise a profitable trading strategy? Yes or no. For the record.
 
Quote from Thunderdog:

So are you now saying that TA is a workable means of making money in the markets? Yes or no.
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Yes, the testing proved that TA can be used as PART of a profitable trading method.

I am saying that that the 3 step process has been objectively proven to work in the short term via extensive testing and my experience lately. The 3 steps have some traditional TA involved. There is potential non traditional TA as part of the 3 step process--- it could be argued that this step is not TA based, or argued the other way.

best,
surf
 
Quote from marketsurfer:

I am saying that that the 3 step process has been objectively proven to work in the short term via extensive testing and my experience lately. There is potential non traditional TA as part of the 3 step process--- it could be argued that this step is not TA based, or argued the other way.

best,
surf
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How does the approach you described possibly not fit into the following description of TA:

http://www.investopedia.com/terms/t/technicalanalysis.asp

What argument would you use to suggest that the approach you described does NOT fall under the purview of TA by definition?
 
Quote from Thunderdog:

How does the approach you described possibly not fit into the following description of TA:

http://www.investopedia.com/terms/t/technicalanalysis.asp

What argument would you use to suggest that the approach you described does NOT fall under the purview of TA by definition?
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The Short Term Power Rating needs to be above 8. These ratings are based on a non TA derived proprietary algorithm--or if you really like to stretch definitions it could potentially fit under non traditional TA -- I would argue that it does not.

Otherwise, you are correct.

best,
surf
 
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