The Surf Report

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our trailing stops set at the earlier stated figures were activated today. we are currently flat the nasdaq and dow. the new gann channel for the dow is 7777 to 7333. the nasdaq neogann channel is currently 1227 to 1097. we will be trading these channels untill they are invalidated by time or price.

all the best,\


surf:cool:
 
Hi surf,

Quick question re: "STAY IN THE TRADE for 10 minutes, if the market surpasses the 10 minute high CLOSE. "

Do you use the 3 minute candle method to determine "surpasses", or just close immediately if the high is violated after the 10 minutes?

Thanks and keep up the postings!

3dog
 
Hi Surf,
Been reading your posts and as a fairly new trader have a couple of questions. On entries using the 3 min candle, does the candle have to close below the entry number for short and vice/versa for longs. Also I have been watching the dow-mini 3 min Dec. chart. Do your numbers work for this chart? Last, I notice that today the candles closed above and below you dow support number many times. How do you keep from being chopped in this situation? Sorry for what i'm sure are obvious questions and thanks for your time spent.
 
hi mojo,

thanks for writing. what i do is draw a thin horizontal line on the chart at the upper and lower channel figures. i wait for full three minute candle to penetrate this line before i enter a trade. when i first enter, my stops are tight--usually 3-4 points above or below the line depending on if i am long/short. i will attempt to enter 5 times when triggered, if i am chopped up 5 times, i reevaluate the number. i trade the diamonds when i trade the dow. i am not familar (yet) with the dow emini other than the spread is too wide for my comfort at this time. i hope this helps. feel free to ask anything anytime.

best,

surf:)
 
Hi Surf. Am using the Gann lines on MedVed indices panel on live candle charts.Have started integrating it with my other trading and is working well!Speaking of working well,if your marketsurfer fund grows beyond current trading boundaries,would you calculate more channels to confidante that growth?A bond indice channel may be a natural choice.I also was wondering how you were trading the INDU when in the last couple days the bottom channel was flirted with,thanks for the detail on that.:)
 
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