So how could you possibly have established an exit @15k on your recent call if you don't reference past data?
From NoD's posts : I managed to extract : I can tell you Brook's book is a breeze and very well put compared to NoD's giant 10k posts puzzle. Still, the level of difficulty of gathering and organizing all the data was about 5/10. Backtesting these rules and ideas at the hard right edge is a total different ball game. Even after hundreds of hours, I still struggle. But I know what I have to do; keep at it, continue my data entry frenzy in a spreadsheet until I get consistently profitable results. One thing is for sure, she posted enough information through the years for me to be able to concoct a trading plan.
Easily. I don't look at past price at all for making decisions. I find it moronic. The Price Drivers told me to expect a certain price move down in the future with uncanny accuracy that time. Is it always this accurate? No, but recently Price Drivers have been on fire. Now its into the 13k zone-- before we revaluate if the bottom is in. Nothing to do with past price. We deal with the future at the surf shack.
Man, if u put this type of herculean effort into something real, i GUARANTEE you success. I HATE to see it wasted. Find a real mentor using Altucher's formula and Rearden Metal's thread on bud foxing a gekko and Ill be reading about u in the financial pages soon enough! Im very impressed with your work ethic. surf
I can't believe I'm going here.... So the price drivers don't give a specific level, they have a specific price target in mind ? So when you got this signal they said "Surf, cover 3500 points below" or "Surf, cover on a 20% drop" ? If so what do they base this recommendation on? Is 20% a figure you associate with the strength of a signal ? So on a sell signal that is not as weak they might have a 15% target ? Assigning a target based on a strength of signal makes a lot of sense, just curious how you come up with these targets without looking at ANY past data. Sounds like a very random way to decide something. As far as uncanny cray accurate....ON FIRE? Come on dude....you caught one VERY nice trade, but before that they were far from accurate......in fact you talked about fading them. So pipe down on that chest thumping there buddy. Reminds of a dude on my desk at my old firm. We used to only do the overnight momentum trades in equities. Position in the last hour, exit the first 2 hours the next morning. Anyways.....we had this dude who couldn't trade his way out of a paper bag. Always losing, and was vocal. We kind of put him on pay no attention mode. Well.....one day he ends up the only guy on the desk short TBR, which was a crazy Brazilian ADR which was very volatile. The stock closed at like 160 the day before. Opened 135 or so. This clown was going around the whole office telling anyone who would listen what a great trade it was and how he came up with it. I think 3 out of the 100 traders we had actually listened to him. Anyways...he had ONE good call.......then went back to losing his ass, left the firm soon after. So my point is.......one nice trade, while good, means very little in the big picture of things.
Interesting. I have done the same thing myself, and with a number of posters! (from various forums) I've got a few LARGE BOOKS worth of writing and charts etc that i've been adding too over the last 5 years or so since i've been trying to trade full time.
If NoDoji's reinterpretation and expansion of Brooks' seminal work is so sharply penetrating why is the weekly analysis video purely focused on Ichimoku? BTW looking at angles of 20 period EMAs is totally unreliable for makingtrading decisions.