The Surf Report

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Quote from marketsurfer:

stopped out of longs, price in channel--- awaiting break here. if this breaks on downside, expecting substantial downwave. we'll see.

surf
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surf, do you generally trade breakouts and breakdowns as opposed to buying support and selling resistance? or is it just this particular YM trade?

It almost seems like in a trending market, it's much easier to buy support and sell resistance, don't you think?

Kudos on the Eur trade.
 
whipsaw city---- presently long from 13613--stops 13593---fingers crossed---3rd entry attempt. will allow 5 prior to throwing in the towell on the channel.


perhaps the "not trading when in emotional turmoil" axiom applys even to systematic entry trading.....cause i just aint winning lately. what's your opinion annaland??:p

surf
 
Quote from polpolik:

surf, do you generally trade breakouts and breakdowns as opposed to buying support and selling resistance? or is it just this particular YM trade?

It almost seems like in a trending market, it's much easier to buy support and sell resistance, don't you think?

Kudos on the Eur trade.
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thanks, polpol, continuing to hold eur/usd short. the system channels are not support or resistance---although it seems to be thus far this time.

regards, surf
 
Quote from marketsurfer:

..
perhaps the "not trading when in emotional turmoil" axiom applys even to systematic entry trading.....cause i just aint winning lately. what's your opinion annaland??:p

surf
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well, I am not analand but look like the man still make all decisions, systematic or not.
 
4th entry triggered---this time short--- short @ 13567 will need a nice down wave to break even on the loss series today. this could be the one, some extreme bearish sentiment, from on high, coming across the private wire------ fingers crossed. have a nice night.

surf
 
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