The Surf Report

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Quote from Stardust:

With apologies to Jim Croce....

And everybody say
Surf, don't you know
You don't tug on superman's cape
You don't piss into the wind
You don't pull the mask off the ol' lone ranger
And you don't mess around with Mr. Market
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:D great song.

ok, im done. flat here.

surf
 
Despite the large ( relatively ) losses attempting to nail the top in the YM, our long term eur/usd shorts entered at 1.3590 are still profitable at this point 1.3507. continuing to hold this position, as the USD slowly, ever so slowly gains strength.

announcements that michael bloomberg is running for GOP presidential nomination has renewed my enthusiam for political futures-- one can "go long" bloomberg here at 1.30--- a bargain--- this looks like an easy double and potentially a HUGE winner at this point.




c_cd.jsp


bloomberg has stated that he is willing to spend 1 billion dollars of his personal capital on the campaign. i have sold the obama contracts here, and am now long bloomberg--- we'll see what happens.

best,
surfer
 
Quote from marketsurfer:

Despite the large ( relatively ) losses attempting to nail the top in the YM, our long term eur/usd shorts entered at 1.3590 are still profitable at this point 1.3507. continuing to hold this position, as the USD slowly, ever so slowly gains strength.

I suggest taking some off the table when it opens asap.... It is going back up to retest those highs.
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our eur/usd shorts are continuing to produce profits as the dollar slowly appears to gain strength. holding shorts here.


having applied my old neogann method to the DJIA, a deathchannel has emerged, and im going trade the channel. due to the multiple losses, confidence in trading the YM is not in top form presently, but going forward with 3 unit entry on this channel trade. the YM channel is 13613---13567----- flat in the death channel, short below, long above---- entering immediately upon breaking of line.

best, surf
 
Quote from apex82:

I suggest taking some off the table when it opens asap.... It is going back up to retest those highs.
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Good suggestion. Surfer would be out 65 pips based upon your omniscience.
 
Quote from atticus:

Good suggestion. Surfer would be out 65 pips based upon your omniscience.
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I said to take a piece off, not the whole position. All it is retesting a low..... watch and learn
 
Quote from atticus:

Good suggestion. Surfer would be out 65 pips based upon your omniscience.
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Oh I don't know ... Apex82 is one of the most consistent traders who actually states what he is doing (I'm sure there are plenty of consistent traders around who don't).

I see bullish divergence on the MACD vs. the Lower Low, now might be a good time to take some off (never a bad idea).

But whatever, good luck with those YM calls, you would not be remiss in using your channel methodology to trade more consistently Surf, a Breakout is a Breakout (Long or Short) by any name.

JJ
 
Quote from apex82:

watch and learn
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I don't need help losing money, but thanks. Don't offer specific trading advice, unless:

1) You're asked to do so.

2) You're underwriting the trade.
 
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