The Surf Report

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Quote from Pekelo:

In the chatroom yesterday I predicted 3 days of rally after the 2 days of consolidation,
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So far we got +148, 0, +75 out of that prediction, how is your quant doing?

We will get down from the 1480ish ES level....
 
Quote from Pekelo:

So far we got +148, 0, +75 out of that prediction, how is your quant doing?

We will get down from the 1480ish ES level....
More...


yeah, those were poor entries on my part, took loss.

1480 your short level in ES?

surf
 
Well, before that I wouldn't seriously short. The upper BB is still 20 ES pts away, but I think that is a stretch without a little drop. (I am talking about daily charts)

The W %R did hit the top today so that would be my exit signal from the longs. The Williams indicator tends to be EARLY, so we could have a little more upside.

The point is that we are just reaching the shortable levels....

Here is a neat trick if you want to catch big drops, I call it chartless trading:

Anytime when the Dow gets -50 before 11 am you get short with a 30 pts SL and hold it until the end of day. The idea is that to reach -200 the Dow obviously has to pass through -50.....
 
Quote from Pekelo:

Well, before that I wouldn't seriously short. The upper BB is still 20 ES pts away, but I think that is a stretch without a little drop. (I am talking about daily charts)

The W %R did hit the top today so that would be my exit signal from the longs. The Williams indicator tends to be EARLY, so we could have a little more upside.

The point is that we are just reaching the shortable levels....

Here is a neat trick if you want to catch big drops, I call it chartless trading:

Anytime when the Dow gets -50 before 11 am you get short with a 30 pts SL and hold it until the end of day. The idea is that to reach -200 the Dow obviously has to pass through -50.....
More...

i like the last tactic have you done any testing on this theory??

thanks,

surf
 
I used to use it but with this bigger volatility we might have to adjust it a bit.

Also if you keep an eye on the ES traders thread, some of the guys know the stuff very well and you can use the info from their targets... They did predict the 1480 on the ES....(currently 1477)
 
Quote from Pekelo:

I used to use it but with this bigger volatility we might have to adjust it a bit.

Also if you keep an eye on the ES traders thread, some of the guys know the stuff very well and you can use the info from their targets... They did predict the 1480 on the ES....(currently 1477)
More...


yeah, im watching the ES seems to be slowing down here.....

surf
 
Here is the chart comparison between March's first 2 weeks and the last 2 weeks.

On the left on the March chart, the selloff ended in a white hammer, followed by 2 days of consolidation then 3 more days of rally.

This last selloff ended with a hammer, a rally followed by 2 days of consolidation and you guess it right 3 more days or rally.

The only difference is that we are still quite far from the upper BB.
 

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