He has no real position anyway...only in it for the glory, which appears devilishly elusive. Not having a clue is an impediment 'tho.
Surf Report
- Thread starter marketsurfer
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That is lame dude, you should have posted your call on this thread yesterday then.
Instead you only cross post here today because your call turned out correct.
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Looks like we are finally getting a 1% daily move in the S&P? On the upside!
Is it time yet for Surfy to add another 20 contracts to the ole Martingale? You'll get 'em yet, Surfeur!
Stay short Surfers and Surfettes...
Is it time yet for Surfy to add another 20 contracts to the ole Martingale? You'll get 'em yet, Surfeur!
Stay short Surfers and Surfettes...
Is it time yet for Surfy to add 20 contracts to the ole Martingale?
Stay short Surfers and Surfettes...
You are a bit premature.
Smurf is still 125+ pts in the money on this latest short call.
This latest incarnation of his journal is also currently well in the money because his latest call is for 10 units, yielding him 1250pts at current levels.
But will smurf cover while he still has a big profit or will he hold and give up all his profits if the market continues higher?
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Will you be removing your stop on NDX permanently?
I think that would be a really bad idea for a market making new all time highs, like NDX is doing today.
I only took two trades in ES today. Here is a runner that I decided to let run. Got 4 legs up. This is why I never pay attention to news. I just trade the PA. I liked the PA so decided to hold thru all PB's but exited after 4 legs up. Price was continually above the the 89 SMA and most of the time above the 20 EMA also. I took 13 points or $650.00 per contract on this trade. This is a rather large run up for me with my style of trading as I generally scalp 1 to 5 points. I also took two trades in the Naz. Price may well trade a couple more legs up from my exit but but it is a wedge top and getting close to the close. News sometimes has the opposite effect of what one thought it would have. I don't care. I just trade the action.
It continues being a bull market. I don't see any top yet in sight.
It continues being a bull market. I don't see any top yet in sight.
Would you post a 5 min chart of ES today showing the dragon pattern? Thanks
Not taking stop off permanently of course. If I get to -£2k I'll close it.
Were I in this position of holding this YM short trade, I'd be feeling the heat of course, however I would not exit at this stage.
Me thinks this could be a fake out - possibly.
I'd wait for 20950 to be taken out with conviction.
It's not nice being on the wrong side of a trade but neither is it nice being right and taken out by a dummy move.
I'm not saying Surfy is right (I would not have been long or short) but in order to save himself, and I were in his boots, I'd wait for conviction on this move.
https://www.barchart.com/futures/qu...0&sym=YMM17&grid=1&height=500&studyheight=100
Me thinks this could be a fake out - possibly.
I'd wait for 20950 to be taken out with conviction.
It's not nice being on the wrong side of a trade but neither is it nice being right and taken out by a dummy move.
I'm not saying Surfy is right (I would not have been long or short) but in order to save himself, and I were in his boots, I'd wait for conviction on this move.
https://www.barchart.com/futures/qu...0&sym=YMM17&grid=1&height=500&studyheight=100
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