The Surf Report

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Quote from vhehn:

surf did you ever think about buying the bottom band and selling the top band. trading the ranges seems to work better than breakout trading in the market right now.
i believe its because the market is overvalued on any fundamental measures yet if fund managers sell they have no place to put the money so we just chop around in a range. a well defined range is great for traders.
maybe tomorrows job numbers will break us out but hard to tell right now.
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yes, that is a strategy that would have worked nicely recently. serious chop action today. flat once again entering friday. the system is designed to take some chop before the big break, i have seen this all before and am still confident in the figures.

surf
 
back in the day when me and my hommies would work the Lincoln Blvd. break...we'd get many days that were flat(no waves man).

last few days on Wall Street have had more chops than Mr. Miyagi.

and some weird prints with no execution for Uptik2000. Had an offer on X at .25 she printed .28 then took a nosedive and stopped me.
Then late in the day had an offer on BSX for .25, she had a high print of .40 and still nothing...this .40 did not show up on e-signal though so I'm not sure what the deal is with that.

Soon enough we should get a rumble in the deep ocean that will send a nice big swell to ride.:cool:
 
Quote from uptik2000:

back in the day when me and my hommies would work the Lincoln Blvd. break...we'd get many days that were flat(no waves man).

last few days on Wall Street have had more chops than Mr. Miyagi.

and some weird prints with no execution for Uptik2000. Had an offer on X at .25 she printed .28 then took a nosedive and stopped me.
Then late in the day had an offer on BSX for .25, she had a high print of .40 and still nothing...this .40 did not show up on e-signal though so I'm not sure what the deal is with that.

Soon enough we should get a rumble in the deep ocean that will send a nice big swell to ride.:cool:
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thanks for the encouragement. the big rides are getting further and further apart, indicating that when IT happens it shall be sweet...

talk to you soon,

surfer:)
 
Quote from marketsurfer:

after several days of chop the system nailed a nice downwave off the open.

short here with trailing stops.

surfer:)
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amazing i thought market would sell on this news but short still doesnt look good. maybe we close the gap then sell. i guess market cares more about interest rates than jobs.
 
Quote from vhehn:

amazing i thought market would sell on this news but short still doesnt look good. maybe we close the gap then sell. i guess market cares more about interest rates than jobs.
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yeh, quite the rally this morning. Hmmm.

m
 
as you know, the system is short from the breakage of the lower channel this morning. we caught another nice wave down and are following with wide profitable trailing stops. i am presently in the learning stages of a new trading method, hence the sporadic journal. when i nail down the new program, the indepth reporting will continue.


see the attached chart. note the yellow previous upper gann channel line acting as support @10523 if this breaks we are expecting another nice drop. staying short in the here and now.

surfer
 
You must be quite busy today Dave, bagging money buy the sack full.Kinda makes the last couple of tough weeks seem like old memories.Way to go Dave!:D
 
Quote from petrolpeter:

You must be quite busy today Dave, bagging money buy the sack full.Kinda makes the last couple of tough weeks seem like old memories.Way to go Dave!:D
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thanks, peter. yeah, we FINALLY nailed a very nice down wave in the DJIA. it is uncanny the way the old upper neo gann line @ 10523 broke, the index rallied back, touched the line and just dropped back into the uncharted time/ price abyss. we are holding shorts here. see attached trading chart illustrating same.

best,

surfer :D
 

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