The Surf Report

marketsurfer · May 30, 2006

longs have been triggered in the DJIA here. long YM @ 11236. first entry.

surfer

marketsurfer · May 30, 2006

2nd entry 11212.

long surfer

marketsurfer · May 30, 2006

3rd and final entry @ 11195 YM long.

surfer

marketsurfer · May 30, 2006

experiencing a drawdown here with the long DJIA trade. analysis indicates upward bias to manifest. holding longs here.

surfer

Thunderdog · May 30, 2006

Do you have a worst-case scenario protective stop in mind?

marketsurfer · May 30, 2006

Quote from Thunderdog:

Do you have a worst-case scenario protective stop in mind?

wednesday. position will be closed by eod wednesday if not profitable. position sizing relative to account size allows the equity swings if trade entered a little early.

surfer

marketsurfer · May 31, 2006

30 of the DJIA components have opened on the upside. holding longs here expecting bounce to continue.

surfer

JimmyJam · May 31, 2006

Quote from marketsurfer:

wednesday. position will be closed by eod wednesday if not profitable. position sizing relative to account size allows the equity swings if trade entered a little early.

surfer

u only have 120 pts to go.

it's doable.

while i know the markets tend to be parabolic, i sure can't figure out how you time your entries (not that i would ever want to do it myself, i'm just curious for scientific reasons)

he he he,

jimmy

marketsurfer · May 31, 2006

11214 on YM is our breakeven level. holding longs here.

surfer

marketsurfer · May 31, 2006

ok, we are further ahead paring the losses a bit from yesterday. decision made to maintain position into thursday. i have been hearing some very positive whisperings concerning the us equity markets and am still confident in the long bias.

i have noted a unique situation in the eur/usd pair, and have entered SHORT( long dollar) at 1.2865--holding here with profits. i expect a bit of damage in the euro in the not so distant future.........

surfer