The Surf Report--part 2

Surfers, we are staying flat here in the SP 500. There are mixed signals coming in on the system without a clear bias. During these times, its best to simply sit out untill enough pressure builds to trigger an entry. stay flat and stay tuned...


surf
 
Quote from mwingo1135:

I hear ya market surfer

bottom line is taking profits eventually. Whether you do it early (IN PROFIT) or hold on a little longer (FOR MORE PROFIT) profit is profit letting winners run closing only half of position for profit. Lowering stop below break even to guarantee you lock in profit on your last position and catching the market move open Sunday which would probably be further short (IS JUST MORE PROFIT). Profit is Profit

Have a good weekend and good call short been a lot of others said go long. Even gold was short today.
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Thanks. It's time for caution right now in either direction. Remember, the market will always be here, no need to rush or force trades ever.

good luck!
 
Quote from marketsurfer:

It's time for caution right now in either direction. Remember, the market will always be here, no need to rush or force trades ever.
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smurf sorry my last post contained poor info.

Smurf I have a serious question with respect to the smurf report. Going forward, in the next few days or weeks, will you ever go long the es?
 
Quote from fly down:

smurf sorry my last post contained poor info.

Smurf I have a serious question with respect to the smurf report. Going forward, in the next few days or weeks, will you ever go long the es?
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Sure, I have no directional bias right now-- the next trade may be long-- I don't know yet.

It may be a flaw at times, but when I enter I get totally commited to the position--hence the hyperbole in the writing.

surf
 
SURF ALERT SURF ALERT SURF ALERT SURF ALERT


LONG ES sept. @ 1260 2 contracts. feeling for the bottom.


getting positioned for a reversal per our studies.

surf

:D
 
Quote from marketsurfer:

.

There are multiple factors that are placed into a formula to determine the percentage likelihood of various scenerios unfolding on a daily basis. It is quite complex and takes into account multiple outside the market influencers rather than internal price structure. Basically we weigh and balance almost every possible market influence outside of price action to get a ball park figure of percentage chance of a particular outcome.

Being that price has already happened, and is a function of drivers, rather than what TA believers state, the theory behind the surf system is that the factors driving price are the varibles needed to ascertain future price. We dismiss all past price action as being noise to the real reason what happens after the trade is entered.

Applying simple rationality to trading decision one quickly understands that the closed system of studying price itself leads to delusion when making real time trading decision. One must get behind price, find the drivers and take it from there.

Surf
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Leaning hard into the core surfer belief on this one...

Looking at a clear 92% reversal potential in the near future. Take it or leave it.....

:)
 
Quote from marketsurfer:

Once again our system nailed the turn in the ES--- holding long here.

holding rimm short into earnings...


surf
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Good one again. I was able to hold the previous short to about 1255 and got out.

You said you were long at 1258 and you held on and now we are in the 60's. So far 2 for 2 for you. if your losses are much smaller than your winners you have a workable model so far.

Congrats and Kudos
 
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