Surf's Special Situation Journal

ROFLMAO!!!

 

]I don't know linda, but I do know that Larry has nothing to do with Gann---

 

I don't know any of the folks you mention. so your second sentence statement is clearly not accurate.

I do know many people in the business-- sorry if this makes you uncomfortable---- should i just keep this a secret?

thanks for the "funny" comment-- i take that as a compliment. as far as narcissist goes, i have been called far worse.

surf

 

what about the secret handshake and special decoder ring.

 

Why must it break 54? Are you saying that is RESISTANCE??

 

Whoa. Do you have any evidence of this? I worked with LC long after that book was written. We never talked about LR.

surf

 

Cool. But how do you explain the fact his Street Smarts is, well, purely about TA patterns?

 

Surf, are you hiding?

 

This call resembles what I do, TA wise that is.

 

Thanks Surf for the lead to the book. I read the book review online and won't bother to follow through purchasing the book.
I've mentioned previously but will mention again, every trader has their own individual technique for understanding and trading markets.
Were I to fully disclose my system on ET, this would generally be the response:
a) Not be interested as it would be mumbo jumbo to them
b) Not be interested as they have their own methods and would wish to avoid the brain overload of more new theories
c) Not interested as it doesn't align with how they see the market working or how they wish to trade.
d) Scoff at the system, "Pure rubbish/baloney"
e) Many don't wish to learn, I'm not sure how they survive in life.
f) Not interested because they are...not interested.

It's strange how a predominant non T/A guy steers me toward a T/A book and is guessing at what I'm trying to do.
You think my trading is about attempting to trade breakouts?

Well yes and no, it is more about high probabilities, that's all I do, trade probabilities, the upside greater than downside, like a ratchet spanner, it only ratchets one way.
My method is not a 'Breakout' system, it does at times but that is not the crux.

My buy signals can't be done at any time like frequently, but only in ideal circumstances, and my waiting in the wings twiddling thumbs if out of a trade can be considerable at times. I'm not a short term trader, however if I'm wrong in my position, then the trade is very short term.
I may hold for several days or weeks, if I'm wrong in a new trade, out in 30 minutes, but will retry at my point of entry if circumstances keep repeating.

Lets watch the markets, DJIA is back to 14050, Resistance which was there, has now become support, is my call.
I am not adamant on this, if it falls below, I'm out of the position, not instantly as there are some conditions to alleviate chop.

One thing we can all agree on, Trading is a test of nerves and some steely resolve is required.

Surf, re your PD system, now that you have sold the rights as it were (sold your soul ).
Are you personally still going to trade the method in private?