Great to see you Surf. I swear the "surf" name posting on elite has been the only constant over the years I have checked in on this site. Even though your calls have not worked out to well in this thread, I give you credit for having the fortitude to do it when you are a known entity and not just an alias. And when I met you that one time in CT, you seemed like a nice guy.
Guys, let's keep it friendly. We're theoretically adults here so no need for name-calling like children do. If you think surf is a "clown" then what does that make those who are addicted to his journal?! Enough already, let's return to trading and if you can do better then make your calls in realtime instead of all the Monday morning quarterbacking.
It is with calm heart felt sadness and kindness that I respectfully and very politely point out that smurf's gold trade is now down $110 an once.
State of the Gold trend & range: reverting, but still down. Surf, look at those ma's. Do you notice how price has bounced off a particular one, several times? Can you see how fading this range in the direction of the trend, using that ma, would allow you to engage your price drives with much lower risk? Can you also see how the volume faded severely after the down spike ended, then price began melting up like a beach ball underwater? Your trade might still work, but it's a long way back to that red line.... :eek:
i do not use ta to derive signals. what i found is signals ALWAYS match some kind of ta construct so i thought ta is somehow imprinted in my head. However, more examples showed that is not because ta or my divine signals but because ta levels are everywhere
You are very gracious and perceptive to point out the OP's precarious situation. We can only pray with all our might that the OP finds himself able to work his way out of this untimely and most unflattering position.
You hear that Xspurt, any chance you can do clear timely non ambiguous before the fact call with zero obfuscation ? Here are a couple of mine, I would buy Dow Puts above 15000 cash, would also buy GLD puts above 1500 (GC).
Based on your username, I'm not surprised you haven't back tested TA signalz to determine if anything can be used for profit. Sadly, I have, and know for a fact that the use of only (2) MAs on the ES contract (yes the "knife fight inside a phone booth") are all it takes to produce an equity curve not dissimilar to that gold chart, in reverse :eek: I have seen The Truth, and it is extremely simple. A bug could be programmed to harness the waves. Even a quant might be able to make it work.