The Surf Report--part 2

Quote from Gabfly1:

It's always a treat to get one of your sermons from the mount after you have a winning trade. We should treasure such rare moments.
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Surf is hilarious. He finally catches a nice move and now is telling everyone how to trade. Funny how we dont get these sermons after he gets rolled for 15 sp points.

Surf is a good guy...but taking trading advice from him is like taking advice on how to hit a baseball from a guy who bats .125

Funny thing is, his strategy is the same on this trade as it is on all his blow out losing trades. One eventually had to work.........
 
Looking very closely at GOLD for a SHORT soon.

May be setting up for the opportunity of the year SHORT gold.

Will post the figures should entry be shown,

flat for now.

surf
 
Here is a Surf Report for you Surfer.

Nice 4 to 6 feet all last week on the Texas Coast around Port A.

Texas women where looking good on the beaches...

Now, Just waiting on some Gulf Storms, working from the Beach house.
 

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Quote from EMRGLOBAL:

Here is a Surf Report for you Surfer.

Nice 4 to 6 feet all last week on the Texas Coast around Port A.

Texas women where looking good on the beaches...

Now, Just waiting on some Gulf Storms, working from the Beach house.
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Yeah, very nice! I'm jealous... I didn't even realize there were waves like that on the Gulf= post some shots of the beaches :cool: and when/if the storms hit.
 
Decided to hold ES shorts into Wednesday. Am willing to give back a bit in the quest to ride the big wave. There may be an intial reactionary bounce higher tomorrow-- will stay flexible and let the market tell me what to do.

best, surf
 
Quote from marketsurfer:

Some thoughts on trading.

One of the biggest myths going is its easier and more lucrative to enter a trade in the direction of past movement than it is to predict directional change points ( like I have demonstated in this journal since its start ).

It is FAR easier and lucrative to enter in a range prior to a change than to try to guess how far a direction will continue after you enter--- OR they are equal in success if your prediction models are lacking. No one knows how far a directional move will go, but i have found that the change points can be dtermined with some degree of quasi accuracy.

The same old story about entering in the direction of a move is easily sold to traders as it can be shown on a chart and appears to make sense. Remember, the more something seems to make sense in the market, the less likely it is to be accurate.

surf
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Ala PTJ,

Nice work surf, I got mine from cable today. But I will never pick a top with more than 5 % of my account, a continuation however, is back up the truck!
 
SURF ALERT

Placing stop @ 1321.25 to preserve profit should market extend bounce. Expecting bounce to be short lived, but will bail at stop level and re enter later if signaled. surf
 
Quote from marketsurfer:

SURF ALERT

Placing stop @ 1321.25 to preserve profit should market extend bounce. Expecting bounce to be short lived, but will bail at stop level and re enter later if signaled. surf
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just aboue the 50% retrace eh?

gonna be close
 
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