The Surf Report--part 2

[marketsurfer]

Took profits at 1305 "pre set" stop level.

SHORT 1306 ---6 contracts september ES


surf

 

[marketsurfer]

as markets are anticipatory mechanisms, the pop higher should be nearly over--although there may be some carry thru=== i am comfortable being short here. will add if needed on further upside

 

[True Feelings]

Quote from marketsurfer:

as markets are

Quote from bwolinsky:

So the 1305 stop you placed or didn't place, would have got filled 1306 on the open, tonight?

Either you cancelled this order and waited for it to fall to 05, or you left it on in which case it would have gotten 06.

Hi marketsurfer. Can you please answer the question posted above. I am interested in the answer too as the open price was 1306. Thank you!

 

[marketsurfer]

the stop was held on my system, and not placed into the market. the position was closed at 1305.

Presently holding 6 short ES sept @ 1306 for additional downside to come

very confident that this will be another solid winner.

surf

 

[marketsurfer]

as projected the sell off has begun. About 14 points profits thus far on trade. holding short.

 

[volente_00]

go surf go

 

[marketsurfer]

Quote from volente_00:

go surf go

thanks. my mistake was bailing on the spike up with the large position-- - otherwise, timing has been quite good, I am still expecting a huge sell off to come--- dwarfing what has been witnessed--- it's guaranteed to happen.

surf

 

[marketsurfer]

Quote from Gabfly1:

If it's "guaranteed to happen," are you suitably maxed out as you were with the prior guarantee?

nope, i am spending the profits

 

[marketsurfer]

Quote from bwolinsky:

Come on, Surf; we just made a higher low.

Got a nice profit, and waiting for the next lower high is risk you don't have to take. Even if you get a lower price eventually, you can always get back in, and I don't think there'll be another opportunity for awhile.

I doubt this is a low, but nice trade so far....

surf

 

[marketsurfer]

Quote from bwolinsky:

Still no cover? Man! You are greedy!

Of course not, nothing has changed--the 16 month top is in at 1373-- we have literally 100's of points to go on the downside.

all fixed system traders trying to catch the little bounces will get wasted. it will be a vulgar display of power on the downside-- yet to come.

Sub 1000 in 12 months

surf