Surf's Special Situation Journal

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Quote from marketsurfer:

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
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Great! I do like the sound of doubling - we got double elephants ;)

(you need to compare the volume on the last candle with the prior chart posted)
 

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Quote from Xspurt:

It is telling you the welcome mat has been replaced by the trap door.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.
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I already got a buy signal and am holding into Monday. Sounds like TA is just describing what has already happened, at least you are. That does real traders little good as we have to bet on future outcomes, we cant trade the past. surf

PS. What's your bet for Monday?
 
Quote from marketsurfer:

I already got a buy signal and am holding into Monday. Sounds like TA is just describing what has already happened, at least you are. That does real traders little good as we have to bet on future outcomes, we cant trade the past. surf

PS. What's your bet for Monday?
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I was late on posting the signal but from where I posted it is 30+ points for the short and holding short until there is a reversal signal - whenever that comes. So I already have a sell signal.

In a sense TA describes what has happened in that I am following the market's leading. That's what I want to do - identify the smart money and flow with it. So my future outcome is follow the market and right now the market is short.
 
Surf, be careful here. Oil looks really vulnerable here. And the indices are probably going to retrace a little bit this week. Keep your stops tight. :)
 
Quote from marketsurfer:

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
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Adding to a 50 + point loser? Hopefully this will work out better than your bold gold proclamation.
 
Quote from Maverick74:

Surf, be careful here. Oil looks really vulnerable here. And the indices are probably going to retrace a little bit this week. Keep your stops tight. :)
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Nah, surf has strong hands.

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Nothing wrong with paper trading a new method. Surf did say this method is brand new and very untested so hopefully this paper trading journal helps him figure out what works and what needs improvement.

Quote from Simex:

doubling down into the weekend? gambling.

All the evidence suggests that, like last time, this is pure paper trading.
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Quote from R. Raskolnikov:

Nothing wrong with paper trading a new method. Surf did say this method is brand new and very untested so hopefully this paper trading journal helps him figure out what works and what needs improvement.
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Yes, I agree. Nothing wrong with it if the method is supposed to be tested which seems to be the case in this journal.
 
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