The Surf Report

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not that it means anything (except maybe to the folks who are dollar cost averaging into their long index funds, certainly not on an intra-day level), but the bulls are prolly gonna hold the line here.

Later,

Jimmy
 

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thanks steve, thanks jjam. your analysis is noted.


i am long the YM entering monday from 10770.

watching the dollar very very closely for next entry.

holding OIL short with an average entry price of 75.50-- expecting waves of good news soon for the bears in this commodity


surf
 
surf I know your channel break short executed and profited per the "system". However I know that you have entered the long position using criteria other than the channel break. Since your channel break method is more-or-less a diversion from the mean method or consolidation break method or range break method - whatever you want to call it - this long entry is not within the system parameters. Are you employing a reversion-to-the-mean method.... arbitrarily or otherwise?
 
Quote from inandlong:

surf I know your channel break short executed and profited per the "system". However I know that you have entered the long position using criteria other than the channel break. Since your channel break method is more-or-less a diversion from the mean method or consolidation break method or range break method - whatever you want to call it - this long entry is not within the system parameters. Are you employing a reversion-to-the-mean method.... arbitrarily or otherwise?
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correct, inandlong. this long trade has nothing to do with my channel system. it was simply a statisticaly based trade betting that the odds favored a bounce after so many down sessions.

happy you are back!

surf
 
Quote from marketsurfer:

correct, inandlong. this long trade has nothing to do with my channel system. it was simply a statisticaly based trade betting that the odds favored a bounce after so many down sessions.

happy you are back!

surf
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Nice change-up!

Just when cats thought they had you figured out ...
 
Quote from marketsurfer:

.... this long trade has nothing to do with my channel system. it was simply a statisticaly based trade betting that the odds favored a bounce after so many down sessions....
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Makes sense and made cents. Ohhh that was stupid - but I'll leave it. :)

From the old days of neo-G I knew this was a non-channel trade. Well done. Enjoy your weekend.
 
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