The Surf Report--part 2

We are continuing to hold the ES shorts-- sub 1200 is likely when the next fund unwinds for survival. Price drivers still indicating extreme negativity, but we will close trade to lock in profits as soon as the drivers indicate a more than trivial bear market rally will occur---

surf


PS read larry williams on the COT for preliminary background on this tactic. if you have interest in understanding how markets really work in the realworld trading.
 
Quote from marketsurfer:

We are continuing to hold the ES shorts-- sub 1200 is likely when the next fund unwinds for survival. Price drivers still indicating extreme negativity, but we will close trade to lock in profits as soon as the drivers indicate a more than trivial bear market rally will occur---

surf


PS read larry williams on the COT for preliminary background on this tactic. if you have interest in understanding how markets really work in the realworld trading.
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`nuff said.....:)
 
Quote from EPrado:

Personally I don't care about being ridiculed on here or any other site if I am wrong. I'm a trader..I am wrong at times. I have been very wrong at times. If you can't deal with being wrong then ya shouldn't be a trader. So when I am wrong if someone wants to say "great call moron"...that's fine. I won't lose sleep. That's why my stance on making "calls" is what it is. What's at risk......me being trashed by others? No biggie.

As far as me posting calls.....when I am trading I don't have the time to come on here. Plus there is money at risk, I am not going to jeopardize that by taking my eye off the mkt to post here.

I guess I could post trades after the fact....but win or lose, what does that accomplish? I have been trading for 18 yrs....not as long as you...but I have never traded for recognition from others...I have worked with others who go around tooting their own horn...I am sure as a floor guy with a ton of experience you have too (and probably wanted to punt them out of the pit). Most of the loudmouths eventually flame out and exit trading.

As far as the call....yes , it's a great CALL......but to me a call and $4.00 will get you an ice cold pitcher of Old Milwaukee at Cactus. It's like Cramer on CNBC.....the guy makes 20 calls a day....but it's worthless unless he backs it up. What's he risking? His reputation? Anyone in the trading world knows how he made his money and what a joke he is.
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You can get Old Milwaukee on tap, now that is interesting!
:)
 
Quote from marketsurfer:

We are continuing to hold the ES shorts-- sub 1200 is likely when the next fund unwinds for survival. Price drivers still indicating extreme negativity, but we will close trade to lock in profits as soon as the drivers indicate a more than trivial bear market rally will occur---

surf


PS read larry williams on the COT for preliminary background on this tactic. if you have interest in understanding how markets really work in the realworld trading.
More...

So you do use COT reports....damn I'm good.
 
Quote from kinggyppo:

You can get Old Milwaukee on tap, now that is interesting!
:)
More...

Yes...and man is good.....................well.....maybe not. Cactus in Chicago used to have pitcher specials on it. We would go there after the close and get obliterated with the rest of the CME,CBOT,CBOE and other traders out there. Only problem is the hangovers from drinking Old Mil were beyond brutal. But when I was younger could withstand them....not so much anymore.
 
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for annaland

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