The Surf Report

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yesterday, we did miss the top when we tried to micro manage the system--HOWEVER, closing longs yesterday was absolutely the correct thing to do. the market appears poised for a significant gap down this morning. we are staying FLAT here untill the next channel reveals itself in the nasdaq and dow.

best,

surf
:)
 
today (thursday) we stayed 100% flat. this market is indicating extreme indecision at this time/price juncture and it prudent to stay flat. this may change friday----stay tuned.

best,

surf:) :cool: :)
 
greetings,

the us equity markets are in extremely treacherous territory at his time. we have made the decision to stay flat today. there i are no clear cut channels being created on the wheel. flat is phat today.

all the best,

surf:cool:
 
Originally posted by marketsurfer
greetings,

the us equity markets are in extremely treacherous territory at his time. we have made the decision to stay flat today. there i are no clear cut channels being created on the wheel. flat is phat today.

all the best,

surf:cool:
More...

Tough to make money when not trading.

What to do?

Well, a visit to the barber for a trim might not be a bad idea....
 

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stopped out of MSFT shorts with several cents profits. holdign RATl long over weekend. still totally FLAT in the indexes (dow, nasdaq). hope everyone enjoys the weekend !! next week may be a doozie!!!!!

hang loose,

surf:)
 
greetings,

its sunday afternoon and i have been spinning the wheel creating a framework to trade with this week. the current gann channel in the nasdaq composite is 1323 to 1257. the dow's channel is 8407 to 8233. as always, long above, short below and FLAT in the death channel.

ride,

surf:) :cool: :)
 
Surf,

I figured out how to calculate the death zone with the intersection of time and price. . . . Gann and Fibonacci. . .

now i have to go back and practice calculations, and
seeing what happens. . . ..

this is makes alot of sense, and thank god the software
can create the Gann fan and the Fib wave. . . .

thanks. . . .

although, it will take me awhile to get good at it. . .

i rode the wave this morning, and exited at the 3 minute candle close below the 20 sma. . . .. first time in a year that i could see the trade open and close. . . . without stress. . . .

take care

sportsguy
 
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