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

[marketsurfer]

Quote from spanish89:

That isn't trading, that is called GAMBLING!!

Technical analysis of S&R, which is what i use for my entries, is NOT based on some foolish nonsense like trying to create ''an edge'' from your money management skills!


YOUR ENTRY IS EVERYTHING!

If you are making 50 trades and more than 13-14 of them lose money then you are making extremely foolish stupid trades,
and so should stop gambling and start focusing on your entries so that you wouldn't endup losing so much.


And so anyone who ''doesn't care about the outcomes of their trades'' is not only a gambler, but is actually a gambling addict.

I nominate this as one of the top 3 most ignorant posts in the history of ET. Nothing worse than an arrogant moron pontificating nonsense about a subject she knows little to nothing about.

You can have 50 small losses in a row, then have a huge win and have a great month. the opposite is also true. Your post makes it clear you just don't get it-- maybe if you study more and talk less you will understand one day.

surf

 

[marketsurfer]

Quote from Wide Tailz:

$85b of fresh Benny Bux every month, to be precise

Yep, no doubt-- we saw that from a mile away and are pushing toward our first 1000 point single trade in the YM. surf see surf report journal

 

[eurusdzn]

"Melt up" frustrartes many people including me. We have seen a few of these runs in recent years. I wonder if EOD swing trading in this environment is more difficult than day trading or the same? So, once again in my quest for profitability I must have more than 1 trick that I can use in this market price behaviour.
Great posts as usual NoDoji. It may be that an Al Brooks "just get in the strong trend on a very minor pullback" ( similar to your blindfold uptrend chart analogy) is a valid method here.

 

[1a2b3cppp]

Quote from NoDoji:

This is a common misconception.

Taking a trade when a system signals is what you have to do to fulfill the prediction that you will be profitable over a series of trades if you keep doing what your system tells you to do.

When putting on any individual trade, you have no idea about that individual trade, about whether or not price will do one thing as opposed to something else.

If anyone could predict what price will do on individual trades, s/he would be incredibly wealthy very quickly.

Yes, you can make a prediction, but you will be right sometimes and wrong sometimes in your prediction. It's the overall odds that equal success. Once you learn to think like a professional trader, there is no right or wrong on individual trades.

ADD: My largest losing trade today was one where I would've predicted the odds achieving a full profit target were at least 90%.

One of my most profitable trades was a pure counter-trend trade where I was initially intending to scalp a very small profit.

Right. You are predicting that over time the price will do what you think it will more often than not.

If I have a six sided die and instead of being numbered 1 through 6, it has one 1 and five 6s, if you were to roll that die 10 times I predict it would be mostly 6s.

 

[marketsurfer]

Quote from 1a2b3cppp:

Right. You are predicting that over time the price will do what you think it will more often than not.

.

Just to play devils advocate-- if that's the case, wouldnt' buy and and hold make more sense? very light commission, and over time price will do you what you think??? surf

 

[NoDoji]

Quote from spanish89:

If you are making 50 trades and more than 13-14 of them lose money then you are making extremely foolish stupid trades,
and so should stop gambling and start focusing on your entries so that you wouldn't endup losing so much.


And so anyone who ''doesn't care about the outcomes of their trades'' is not only a gambler, but is actually a gambling addict.

No sh*t??? Holy cow, I f*cked up royally last Friday. I had a 36% win rate.

I gotta run, the GA meeting starts in 10 mins

 

[marketsurfer]

Quote from NoDoji:

No sh*t??? Holy cow, I f*cked up royally last Friday. I had a 36% win rate.

I gotta run, the GA meeting starts in 10 mins

i betcha you can have a 1% win rate and still make money, as long as that one win is bigger than the 99 losses combined..... what's wrong with these people?

 

[NoDoji]

Quote from marketsurfer:

i betcha you can have a 1% win rate and still make money, as long as that one win is bigger than the 99 losses combined..... what's wrong with these people?

Surf, we're on the same page! I had a 9% win rate one day and still made money!

I'm gonna have to make it to one of those Surf Fests and party with you

 

[marketsurfer]

Quote from NoDoji:

Surf, we're on the same page! I had a 9% win rate one day and still made money!

I'm gonna have to make it to one of those Surf Fests and party with you

Great! maybe you will be one of my "close friends who are also technical analysts" one day! Mrs. Dr. surf is with child, so we had to cancel the fest this year--- hopefully next year...

surf

 

[Lucrum]

Quote from spanish89:

Dow risen up over 1,000 points in 3weeks with barely a 35points pullback along that upmove!!! :eek: :eek:

What the hell is behind this move??

Sounds like somebody is short? You can always tell.