The Surf Report

[marketsurfer]

Quote from nkhoi:

so you neutral on USD since you short USD on the EUR/USD and long USD on the USD/CAD?

no --short term trade, goal is not neutral.... different reasons for each entry here. thanks.

 

[atticus]

Quote from nkhoi:

so you neutral on USD since you short USD on the EUR/USD and long USD on the USD/CAD?

He's long EUR/CAD assuming equivalent pip values.

 

[JSSPMK]

Quote from JSSPMK:

not complete yet, but looks a steal at touch of 1.4

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1540304>

Pattern seems to be shaping nicely.

Apex, what are your thoughts on EUR/USD?

 

[ggg12]

surf,

where did you short CROX? its hitting all time highs post market ahead of earnings. are you going to hold the short into earnings?

do you have a trail stop?

thanks and goog luck

 

[marketsurfer]

Quote from ggg12:

surf,

where did you short CROX? its hitting all time highs post market ahead of earnings. are you going to hold the short into earnings?

do you have a trail stop?

thanks and goog luck

short from 48. still holding, no stops---will add to short @ 51. looks like the pop is fading here---

thanks,

surf

 

[JSSPMK]

no stops?

 

[ghostzapper]

Quote from JSSPMK:

no stops?

Yeah, that's the way smurf trades.

After it blasts to $55+ thursday,
smurf will tell you its only a "small position" and "we're adding to it".

 

[nkhoi]

Quote from JSSPMK:

no stops?

stop is so old skool

 

[JSSPMK]

Quote from nkhoi:

stop is so old skool

maybe he commits 2% or whatever he uses as risk cushion of his total net capital to 1 position without leverage, I understand in that case, but you would need a big portfolio to profit from gains derived. But even so hypothetically speaking if he is short losses can be larger than estimated.

 

[marketsurfer]

OH YEAHHHHH!!!! holding.