It doesn't seem as if he can say anything. The lady has been a trader for 15 years, using classical Tech Analysis.
She also "currently works for LBRGroup, a hedge fund and money management firm founded by Linda Raschke. LBRGroup has been ranked 17th out of 4500 for best 5 year performance by BarclaysHedge." She may also enjoy long walks of the beach. And a good romance novel. Your point means little. She's been a successful trader for 15 yrs and she uses TA.
Yeah, it works like this... http://www.elitetrader.com/vb/showthread.php?s=&threadid=254493&perpage=6&pagenumber=1 Same as this... I didn't see too many surf price drivers calling a buy on Monday and issue a big warning for a red Friday a week in advance. Oh hang on, no surf went long on Google and SAN when I was saying it's approaching a time and price date for wicked shorts on Friday. Of course it's not TA, it's just luck again. And it's hindsight - hindsight a week in advance, isn't that what you call it Oily and surf? I wonder what next week will bring? Heehee Attachment: seeing the week ahead.png http://www.elitetrader.com/vb/showthread.php?s=&postid=3656720#post3656720 Same as here... Quote from Xspurt: Friday closed on critical support and in an election year when they manipulate everything they can to support the market the plunge protection team will be on hand. However there are a few things to note: this is a very negative chart pattern calling for much lower prices when the support breaks and Fri 19th is the anniversary of the Black Monday crash of '87 and there is a history of panics repeating. Friday late closes need to be watched. The action now is either to take profits or better still, go into the same mode of analysis as started the move and look for a reversal up to catch the pop or if the support breaks continue holding. Well, whaddya know! I got lucky AGAIN with TA. Profits booked and they loved that blue support for a pop up for some reason. What a total surprise guys that TA price drivers work! Funny, the luck doesn't seem to be rubbing off on WFC's price drivers. Probably just needs more time? Attachment: surf\'s lucky ta.png http://www.elitetrader.com/vb/showthread.php?s=&postid=3652404#post3652404 Same as here... Quote from marketsurfer: The wheels turn and the TA true believers and fakers continual to squirm rather than stepping up to the plate. This last guy takes the cake, I guess he will still be pointing at his correct guess next year.... Either you prove your methods in real time, or i'll assert they are full of baloney. Here's your chance, take it or don't. surf Hey surf, remember this "guess" as well as the YM? In case you have forgotten I've put a big red arrow at where you WOULD have been making money if you had a TA price drover. Funny thing is you called short into a bull long and then panicked out before the short. Go on - tell me I had another lucky guess. Go through my old posts and you'll find I'm one lucky guesser. (Don't tell surf these are all real time) Find the red arrow... Attachment: surf forgets jcp.png http://www.elitetrader.com/vb/showthread.php?s=&postid=3639262#post3639262 Sorry to hear about the early onset of Alzheimers. Here's something to refresh your memory... Quote from marketsurfer: What is your chart telling you about Monday? You TA folks speak in riddles that can easily be interpreted after the fact to mean anything. Please be specific. My Price Drivers are signaling bullish for Monday. I maintain, once TA shows it, its too late or of negligible value in MOST cases. Enough so to negate the value of such an approach. Clearly, it can be shown in a very small number of circumstances to have value-- such as the daily candle in JCP-- but its not repeatable enough to be of interest. surf It is telling you the welcome mat has been replaced by the trap door. It's not talking about Monday, it's talking about now - take profits and reverse short. You hold that short until you get a buy signal and that might be on Monday. It might be in a week or a month as this has the potential to roll through a lot of time frames. This is a dangerous position to be long imo because of the roll over potential. In any event bank profits, sell short and wait for the buy signal. Xspurt Ok, we have doubled down into the Dec YM long at 13497 signals are strong for a bullish monday and next week thus far. enjoy! Surf Great! I do like the sound of doubling - we got double elephants Xspurt Quote from marketsurfer: Holy F! closing out the long YM trade at 13465 with loss. surf another signal 100% reversed-- got the fat move but not in the direction predicted. what we saw is happening RIGHT NOW, but dang it, wrong way..... Gonna step away for awhile and re evaluate. thanks for following along. surf From the above it was clear that TA would have made a double profit by closing surf's long to bank profits and reversing short to add to profits from the fall. However surf's price drivers not only overstayed their welcome, they were extra bullish in a TA short set up and doubled up for a double loss instead of a double profit. Even reversing surf's price driver signals won't help much because of the lack of control. (For Oilfxpro, freak and the gang of trolls, Monday comes after Friday as every call I make is hindsight to you) http://www.elitetrader.com/vb/showthread.php?s=&postid=3636125#post3636125 I can't be bothered doing 100 of these and you'll have forgotten after the first 3.
You use longevity in a field as proof of viability of the subject? Lots of life long astrologers and psychics also--- surely you wouldn't draw the same conclusions? Right? :eek:
She makes money from trading, for 15 years. She was hired by a very successful firm. I'm sure they didn't hire her because she was not good at trading the market. You don't think 15 years is a long enough track record?
Successful longevity, yes. You've been in the game longer than her and haven't been successful in trading so I get your point. But, if she's been profitable, then you shouldn't argue with the dollars and cents.
Funny! Have you even read the bio? She runs the chat room for LBR. How do you derive successful trader from "runs chat room". And "coach"? By the way, none of the hedge funds I am aware of have a "chat room". Does that seem normal to you? surf
How do you have any clue about my success? You TA folks are just too much! Clinging to any signs, no matter how weak, that your faith is real. surf
These were all prior to the Price Drivers system being perfected as of Jan 1 2013. I was kind enough to let everyone observe the process of creating the system. First it nailed the big moves before the fact, but was not accurate on direction. Now, demonstrated, it has done both without a loss this year. surf
Because you've volunteered the info in previous posts. I should have said consistent success in trading, I'm sure you've had pockets of success but nothing long lasting (yet).