Surf's Special Situation Journal

Discussion in 'Journals' started by marketsurfer, Aug 4, 2012.

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  1. Brass

    Brass

    From what I remember of it, having read the book years ago, the first step is a breakout meeting some predefined criteria. Beyond that, protective stops are based on lows or highs or retraces into ranges, depending on the specific setup. Further, the whole structure can be used as an "overlay" for another method. Sounds fairly TA to me.

    My understanding is that TA has to do with basing trading criteria principally on price action, however that may be determined, rather than underlying "price drivers," be they economic or otherwise. Therefore, the operating principle is one of reaction rather than prediction. Of course, the Welles Wilders et al of this world added unfortunate clutter and nonsense, but I don't think that detracts from TA's basic premise. As for your comment on surf, let's not forget he was a full-on Gannster, which stems from the dark side of the moon. So he may well have gone the way of Ayn Rand, seeing that one extreme is not good and deciding that the answer must be at the other extreme.
     
    #851     Oct 3, 2012
  2. So it's not JUST chart based TA you have contention with, as you stated a few pages back. Got it, you've circled back to all TA now after being trapped. :)

     
    #852     Oct 3, 2012
  3. BY the way, I checked out the Combine chat room today. There are MANY traders who are trading their own account simultaneously with the COMBINE. Why can't the TA jokers on this thread do the same thing? I guess the obvious is true, sadly, they really can't trade and live in a delusion. surf

    PROVE ME WRONG!
     
    #853     Oct 3, 2012
  4. Current price is deep history in HFT terms. You and i are buying historical
     
    #854     Oct 3, 2012
  5. Maybe for you, not for me.

    I agree, most HFT uses the book prior to execution for decisions, just like the price drivers. In fact, Price Drivers are based on HFT strategies without the frequency.
     
    #855     Oct 3, 2012
  6. Sounds like my response to you when you say TA is garbage...LMFAO!!

     
    #856     Oct 3, 2012
  7. Lucrum

    Lucrum

    Up to "50 times a day" sounds like a lot of frequency to me.
     
    #857     Oct 3, 2012
  8. Brass

    Brass

    Really? So based on the book at time of entry, you take multi-day positions and allow them to go deeply in the red?
     
    #858     Oct 3, 2012
  9. No, man, HFT hits 50 times plus per second, not per day. surf
     
    #859     Oct 3, 2012
  10. #860     Oct 3, 2012
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