You are right, descriptively it is a break out trade-- however, the LONG BIAS has nothing to do with the breaking out of price above a certain level. I am LONG LONG LONG biased based on Price Drivers not past price. I have no other language to communicate what is happening than TA, its very good descriptively---- It just has no value as a tool to develop a bias.
What? Been involved in markets for 20 years never heard this term. So I asked a finance PhD-- no clue either. What are you signalling? Thanks. Surf
No one knows the future, but it's doubtful you can afford me even with the ET discount. I am very expensive.
We be long 10 march YM @13010-- about 50 points of profit here--holding-- upside EXPLOSION pending--- working the process, ' ' surf
I love the marketing.. This is really surf's... special Technical Analysis journal. Don't get me wrong... I like surf... I like his reading his calls... but he is pulling our legs about t/a. first we had t/a is goofy but we use statistics or we are quants/ now its t/a does not work but we use price drivers. just as statistics are part of t/a Price drivers are part of technical analysis. http://en.wikipedia.org/wiki/Technical_analysis In finance, technical analysis is a security analysis discipline used for forecasting the direction of prices through the study of past market data, primarily price and volume.[1] Behavioral economics and quantitative analysis use many of the same tools of technical analysis,[2][3][4][5] which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical and fundamental analysis is disputed by efficient-market hypothesis which states that stock market prices are essentially unpredictable.[6]
Dude, give me some credit, I do not hail from the marketsurfer school of trading. LOL Rest assured I did not lose on that trade. I did flub the reversal, though. Left a lot on the table. Tomorrow is another day.