Check this out Surf, some videos, articles, and webinars from that trader chick. http://traderkingdom.com/experts/2850-alla-peters I watched some of a webinar and she was talking about the magic of price action. Then she had a chart of ES up but was referring to it as an oil chart. Good stuff. I bet some guys sign up just to try and get a chance to talk to her. LOL!
Huh? Price Drivers made 15 points or 300.00 in about 20 minutes this morning going against the trend--- what are you talking about? Clearly your hindsight is 20/20. surf
Exactly, this is beginning to confirm my thoughts, Surf's Price Drivers are going to keep him looking at the sceen all day long with trigger finger and even then it is not signalling a clear intent on market direction. Surf has, he claims a long term system (+1000 points was his call) and this PD stuff is chopping him exactly as I said this band would do. Why have a long term system which makes calls every hour or so? That would drive me nuts. Anyhow thanks Surf, looks like your long term system is made of straw, maybe you need to change it to a short term system as you appear to catch a few points here and there.
You guys are completely misinterpreting--- I don't even look at price when the entry is triggered or the the exit. Yes, I am still calling for an over all 1000 point gain in the DJIA this year. The PD system has not had a single loss yet this year, obviously its not going catch every move, also. The PD system has demonstrated 100% accuracy since Jan 1, including a 600 plus point mega trade with 10 contracts. short memories?
Mate, the 600 point move is only because the market has been crazy low volatile, very rare for it to behave like this. As I said, you have a short term system, not a long term system. The 600 points is a fluke, just like what you call us T/A guys/gals!
Incorrect, seasonality in price trends reveals low volatility in securities is quite common near the end and beginning of the year as new cherry pies blossom, if you know what I mean... like a politician...every 2, 4, 6, or perpetually if your a communist venezuelan nation whose preacher has cancer... ready to start the cycle of degenerative redistribution and revolution for the sake of beginning of the cycle all over again. My returns seem to have this aspect to them, especially in the fourth and first quarters most recently.
MEGA TRADE! HA HA HA! HMM... I remember the trade desk calling me up at PFG subbed with 30 units when I pyramidded 20 contracts one day and 28 contracts another and, they're like, "Um, yeah, SIR! You've rt'd traded 600 contracts today!"