trend following delusion shattered

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Quote from marketsurfer:

thank you, professor. however, i dont care about the last 3 and one half days of price. i would like you tell me what will happen tomorrow or the next day.

surf
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You should start a new thread on "trend predicting" in that case...

By definition of the word itself, a trendfollower figures the movement of prices to carry on by momentum. Attempts to predict prices in the future, or calculating the probability of a trend carrying on in the near future are inconsistent with trendfollowing.
 
Quote from marketsurfer:

impressive, but no,its not the one i have, my error. i thought it was the only newspaper that matters at first----NY times

surf
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It was Neil's hometown newspaper. Not from his birthplace but his hometown.

You made my overall, point exactly though. You made a general statement that you had that newspaper, which you didn't. You had "a" newspaper.

You deal in generalities and I deal with specifics. The reason you can't comprehend what I do is you can't fathom an environment that is strictly objective and rules based to trade inside. Partially because you can't define such an environment or for that matter even admit the possibility that such a definition exists. I don't know whether the time will ever come where you at least admit there might be someone out there who could be smarter than you and Vic's paid mouthpieces.
 
Quote from Yee Sian:

You should start a new thread on "trend predicting" in that case...

By definition of the word itself, a trendfollower figures the movement of prices to carry on by momentum. Attempts to predict prices in the future, or calculating the probability of a trend carrying on in the near future are inconsistent with trendfollowing.
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An absolutely perfect statement and one that Surf will never understand.

Bravo Yee!!!:D
 
Quote from marketsurfer regarding his fund's performance:

send me a request via documented email, i'll be happy to forward it to you.

surf
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Quote from riskarb:

Email sent. Oops. Your ET email isn't permissioned.
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Quote from marketsurfer to steve46 on a related matter:

its private for our clients, and documented potential clients.

sorry.

surf
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It would appear that surf is sending latrine-o-grams again. Catch the fragrance.

Snakes & Ladders, anyone?
 
Quote from hans37:

hey loser maybe you ought to make at least 1 post unrelated to being a jock strap for charlie dow/prof logic!
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Hans,

Perhaps your sentiments are a reflection of yourself.

Best,

Curious :cool:
 
Quote from ProfLogic:

You still don't get it. One trades in real-time. No One can predict what will happen in the future. One trades as the markets creates oscillations.

I did point out one of two possible oscillation occurances that WILL happen and WHEN one of those occurs, IT WILL be tradable. The Euro FX is in a current Bull Trend based on the specific chart increment I watch. Based on that increment, when one of those occurances happen . . . the potential for profit is at least 90%.
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At 02:49 am EDT this morning, Price began creating a failed top, confirming 1.2961 as a Prime HH in a New Bull Trend (See previous 2 posted charts). Confirmed Trend Direction is now DOWN. This top was Verified @ 3:00 am EDT (enough time that even hans could have executed a trade) Once Verified, the target was 1.2875 (the last previous Support bottom). Trade entry would have been about 1.2895 Short. Once reaching Prime Support, price didn't give us an exit point (Price Failure) before falling even further through the last price bottom at 1.2887. We stay with the trade until either an oscillation is created that fails to make a LL or until Divergence is created. That Divergent bottom began being created with a price bottom at 5:03 am EDT but that bottom had already made a Prime Support LL breaching 1.2875 to 1.2867 so this kept us short. Then we Verified an oscillation failure at 5:17 am EDT where an exit was required at about 1.2872 for a NET GAIN of 23 Pips.

Another trade just set upwith another Prime Failure to short with another Verified oscillation at 7:35 am from a price top at 7:17 am at 1.2870. Entry here will be about 1.2865 with a target price of 1.2853. So far this trade has netted another 10 Pips.

Stop here is Break Even because I'm leaving for a while to go to my new home site and yell at contractors.

Amazing what can happen when you learn to read price movement.
 
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