What the hell is causing this extreme constant bullish move in the Dow??!

Lucrum · Jan 30, 2013

Quote from 1a2b3cppp:

Depends on how early they defined the trend and on what time frame.

Which is essentially my point. Any decent trend follower would not be buying now as you keep saying, they would already be long.

Lucrum · Jan 30, 2013

Quote from marketsurfer:

Whereas, Trend Anticipation is the key term in the Price Drivers system

I've seen your "price drivers" in action smurf, they suck.

HurricaneUS · Jan 30, 2013

Quote from 1a2b3cppp:

I'm not trying to demonize trend following. I just haven't ever seen a trend following system that works.

And that's the key right there...YOU have never seen a trend following system that works...I've never seen a one-eyed midget but that doesn't mean one doesn't exist...

the whole basis of how I trade relies on identifying the trend and trading in the direction of it because 1.) you can tilt the win rate "just a little" in your favor, and 2.) you can achieve winners much larger than losers by cutting losses and letting winners ride....try that counter-trend trading and let me know how it works out for ya

The last time I checked, that's the proper way to consistently make money trading

Also, just because you see a trend doesn't mean you blindly jump on board...every trend is not tradable

HurricaneUS · Jan 30, 2013

Quote from querry:

Today the market slapped me around. Walked away losing 59.2 pips. I kept selling and Euro kept going up. I even doubled and tripled down. Finally, after the market moved against me twice, I managed to pick myself off the ground and walk away. I just wanted to sleep after that. It's funny how even though it was only 45 lousy bucks, the fact that I was continually in losing positions today weighed so heavy. Hmm.

Reflecting:

Usually when I have 3 consecutive losses, I walk away. I try to admit I was wrong on direction and that my head was not on right. Instead I took 6 losses in a row. I ended the day with 5 wins and 10 losses.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3732586#post3732586

This is what typically happens to those who try to trade against the trend...

marketsurfer · Jan 30, 2013

Quote from Lucrum:

I've seen your "price drivers" in action smurf, they suck.

Yeah, tell that to the 600 plus points of pure profit documented in surf's special situation journal-- Just in January this year. Price Drivers are on FIRE. surf

marketsurfer · Jan 30, 2013

Quote from HurricaneUS:

And that's the key right there...YOU have never seen a trend following system that works...I've never seen a one-eyed midget but that doesn't mean one doesn't exist...

the whole basis of how I trade relies on identifying the trend and trading in the direction of it because 1.) you can tilt the win rate "just a little" in your favor, and 2.) you can achieve winners much larger than losers by cutting losses and letting winners ride....try that counter-trend trading and let me know how it works out for ya

The last time I checked, that's the proper way to consistently make money trading

Also, just because you see a trend doesn't mean you blindly jump on board...every trend is not tradable

I'll grant you that trend is super important, but only AFTER the trade is entered-- prior to entry, its meaningless. surf

marketsurfer · Jan 30, 2013

Quote from Lucrum:

Which is essentially my point. Any decent trend follower would not be buying now as you keep saying, they would already be long.

You mean decent like the best ones in the world? LMFAO!!

2012 results
chesapeake -17.8
dunn -18.6
eckhardt +3.9
hawksbill -13.6
hyman beck -19.6
millburn -5.3
rabar -14.3
sunrise -20.0
transtrend +0.7

Lucrum · Jan 30, 2013

Quote from marketsurfer:

Yeah, tell that to the 600 plus points of pure profit documented in surf's special situation journal-- Just in January this year. Price Drivers are on FIRE. surf

Cherry picked data sample, and you know it smurf.

Lucrum · Jan 30, 2013

Quote from marketsurfer:

You mean decent like the best ones in the world? LMFAO!!

2012 results
chesapeake -17.8
dunn -18.6
eckhardt +3.9
hawksbill -13.6
hyman beck -19.6
millburn -5.3
rabar -14.3
sunrise -20.0
transtrend +0.7

They still appear to being better than your long term results. Still laughing?

Lucrum · Jan 30, 2013

Quote from HurricaneUS:

And that's the key right there...YOU have never seen a trend following system that works...

I wasn't going to mention it but now that you have you're right. I've seen this a hundred times, probably even been guilty of it myself.

smurf can't make TA work for him so he makes it his purpose in life to convince the rest of us we can't either.

Someone can't successfully trade with the "trend" so they assume no one else can either.

A guy keeps losing his wad day trading so presumes that no one can day trade.

Same thing with options, futures, dating super models...