The Surf Report
- Thread starter marketsurfer
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nice call, pekelo.
surf
Quote from Pekelo:
From the chatroom today:
Pekelo (Nov 26, 2007 4:05:30 PM)
we gonna gap up 12 points (ES)
We are 2/3 on the way, up 8 points so far....
Edit: Snap, already up 13 at 10:06.....
nice call pekelo, however, looks like the abu C infusion spike is retracing already, we will see.
surf
I don't think it was abu C, after all I didn't know about abu C around 4 pm. 
Monday had a certain pattern that I call SDD. If it finishes at the lows, it almost always gap up by a pretty decent amount (thus my prediction), so the play is to go long at the close and hold it overnight or as long as statisfied with the profits.
You could have made an extra 200 points and reshort it an hour ago, although we probably go higher again.
That Steelers game was really something, although an ugly win is still better than a beautiful loss!
Monday had a certain pattern that I call SDD. If it finishes at the lows, it almost always gap up by a pretty decent amount (thus my prediction), so the play is to go long at the close and hold it overnight or as long as statisfied with the profits.
You could have made an extra 200 points and reshort it an hour ago, although we probably go higher again.
That Steelers game was really something, although an ugly win is still better than a beautiful loss!
Surf is just feel'in it because his broken clock has been proven right (for the moment).
There were plenty of opportunities to book profits yesterday, and there will be more going into tomorrow's open as well.
Any real trader reading this knows that ... the rest, well, I'll leave to Surf and his coterie.
Good trading,
JJ
Quote from xiaohu:
What's the difference between an early entry and a bad call ?
Is it hindsight ?
An early entry is a trade in the correct confirmed chart direction but the execution is too early in the oscillation.
I equate it to showing up early to a date. Unless you go out with a real psychopath, your date would never fault you for being early, tell you that you are "wrong" and cancel the date.
When the market begins to consolidate, a trader can not foresee this upcoming congestion. When he enters a trade and that particular chart immediately stars to consolidate, a tight stop gives a traders a safe and inexpensive place to exit so he can re-evaluate his entry.
In the case of the eMini Crude, we Breached Support overnight so now I will look for an oscillation back to test 98.275. If an oscillation is created failing to breach that level I will watch for a trigger to short this particular chart.
allright, looks like we nailed oil, so far anyway, continuing to hold short--expecting further downside.
holding short YM thru this temporary euphoria.
surf
holding short YM thru this temporary euphoria.
surf
this is total and unequivocal hindsight driven rhetoric. no offense, plogic does make pretty charts, and is a skilled writer of these types of prognostications. quick reading, it SOUNDS like it makes sense, however, please read critically ( most people do not ).
bottom line is, traders/speculators try to PREDICT-even those who claim not too--- as proven by plogic in the last several days. just because your prediction looks like its rule based in the past, or if it actually is, a prediction is still made implicitly upon a directional entry. no amount of fancy speak can change this fact.
regards,
surf
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