Surf Report

truetype · Mar 20, 2017

southall said:
We have initiated a new long position in the DOW cash 20916.

"DOW cash" isn't a traded instrument. You mean futures, or an ETF?

southall · Mar 20, 2017

truetype said:
"DOW cash" isn't a traded instrument. You mean futures, or an ETF?

Over the counter, UK tax free spread betting

volpri · Mar 20, 2017

JSSPMK said:
TRAN continues to disregard Naz's non-willingness to correct, yet my bearish signal still valid in Naz (not the one displayed on the image, yet wedges often do result in counter moves).

on the View attachment 171880

Not sure what time frame your chart it? But I marked it up LOL.

Wedge tops in a bull trend usually fail one after the other and trading them as normal is a losing proposition. Each failure will usually have two legs or more up so long is the way to trade them. Of course, one wedge will finally succeed and price will head south. Could the one you marked be it? Could be. Just have to wait and see which side it breaks out on.

marketsurfer · Mar 20, 2017

I see all the parrot boys and girls are jumping on the bandwagon. Just wait, when the market plunges, they will be here taking credit for calling it first. #SAD

Your fearless leader,

surf

volpri · Mar 20, 2017

marketsurfer said:
I see all the parrot boys and girls are jumping on the bandwagon. Just wait, when the market plunges, they will be here taking credit for calling it first. #SAD

Your fearless leader,

surf

Not me I'll be trading the plunge. IF IT EVER GETS HERE! ROFLMAO

volpri · Mar 20, 2017

southall said:
We have initiated a new long position in the DOW cash 20916.

Market indexes remain strong.

Of course. But cash?

volpri · Mar 20, 2017

southall said:
Over the counter, UK tax free spread betting

Bucket shop? Now I understand the Livermore avatar. I need to pick up my heart (as Willie Nelson says) and hightail it over there.

southall · Mar 20, 2017

marketsurfer said:
I see all the parrot boys and girls are jumping on the bandwagon.

No dude, the Smurf fade is still working very profitably.

It is one of the most reliable trading indicators ever created.

You should offer your calls to some big hedge funds, so they can fade your silly attempts at top and bottom picking, and then pay you a percentage of profits

southall · Mar 20, 2017

volpri said:
Bucket shop? Now I understand the Livermore avatar. I need to pick up my heart and hightail it over there.

Made lots of tax free profits over the years with the bucket shops.
And had the bucket shops play dirty tricks against me, eg Bet rejections
So yeah it is similar.

JSSPMK · Mar 20, 2017

volpri said:
Not sure what time frame your chart it? But I marked it up LOL.

Wedge tops in a bull trend usually fail one after the other and trading them as normal is a losing proposition. Each failure will usually have two legs or more up so long is the way to trade them. Of course, one wedge will finally succeed and price will head south. Could the one you marked be it? Could be. Just have to wait and see which side it breaks out on.

View attachment 171886

I

volpri said:
Not sure what time frame your chart it? But I marked it up LOL.

Wedge tops in a bull trend usually fail one after the other and trading them as normal is a losing proposition. Each failure will usually have two legs or more up so long is the way to trade them. Of course, one wedge will finally succeed and price will head south. Could the one you marked be it? Could be. Just have to wait and see which side it breaks out on.

View attachment 171886

Wedge was for illustrative purposes. I did say it's not the signal I'm tracking, but the more signals the better