Surf's Special Situation Journal

[marketsurfer]

Quote from cornixforex:

Here's my purely technical view on intermediate-term YM (Dow)... Sell signal on the weekly below 13054 with stop-loss above 13326. Profit target if right... no idea!

thanks. you mean short @ 13054 and a 272 point stop loss?? WTF?

Ya technicians speak in nostrodamus riddles that can be reinterpreted at anytime. pretty clever!

 

[cornix]

Quote from marketsurfer:

thanks. you mean short @ 13054 and a 272 point stop loss?? WTF?

Ya technicians speak in nostrodamus riddles that can be reinterpreted at anytime. pretty clever!

No riddles, all absolutely clear. Strange that you found riddle even in such a short analysis. Are you biased?

That's hypothetical intermediate-term trade, so 272 point stop-loss, yes. Your long has 1000 point stop-loss, correct?

 

[marketsurfer]

Quote from marketsurfer:

SURF ALERT, SURF ALERT, SURF ALERT, SURF ALERT

Special situation in YM march

Going ALL IN here @ 13083 average--- stops @ 12098-- target the MOON!

12.21 lingering fears have created a primo opportunity to get into the market at an extreme discount-- we are in and long with 10 contracts and wide stops--- expecting 500 plus points. this is MONSTER

surf

Thank you for pointing out this typo, Cornix. Stops at 12998! not 12098

 

[marketsurfer]

Quote from cornixforex:

No riddles, all absolutely clear. Strange that you found riddle even in such a short analysis. Are you biased?

That's hypothetical intermediate-term trade, so 272 point stop-loss, yes. Your long has 1000 point stop-loss, correct?

no specifics-- just wide parameters---- riddler.

Here's the typical FX trader claiming 15% a month

http://www.investing.com/live-events/webinars/convert-your-balance-1,000-times-more-in-4-years-11428

funny!

surf

 

[cornix]

Quote from marketsurfer:

Thank you for pointing out this typo, Cornix. Stops at 12998! not 12098

Ah it was a typo... alright, no problem... Personally I usually use 6-8 tick stops max in YM/NQ, but that's day trading.

 

[cornix]

Quote from marketsurfer:

no specifics-- just wide parameters---- riddler.

Here's the typical FX trader claiming 15% a month

http://www.investing.com/live-events/webinars/convert-your-balance-1,000-times-more-in-4-years-11428

funny!

surf

How is that person related to me?

 

[cornix]

Quote from marketsurfer:

The Forex. LOL!

Ah you made me recall... I indeed made 15% in October when showed every trade publicly, including you.

 

[marketsurfer]

The inevitable bounce higher has started, holding longs here.

surf

 

[marketsurfer]

Quote from cornixforex:

Ah you made me recall... I indeed made 15% in October when showed every trade publicly, including you.

Before the fact calls are the only thing surf report readers care about. actionable ideas, not chest pounding hubris. surf

 

[marketsurfer]

Quote from cornixforex:

Here's my purely technical view on intermediate-term YM (Dow)... Sell signal on the weekly below 13054 with stop-loss above 13326. Profit target if right... no idea!

I take it the TA traders are short now with 275 plus point stops on the upside??

The TA traders went short right before surf's price drivers indicated massive buying volume arriving in the market-- TA traders are always late and a dollar short.

Chart for illustration purposes only