The Surf Report

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Quote from marketsurfer:

im not 100% sure what you mean.... my broker requires margin of 2813.00 per YM contract for overnight holds. 10 contracts = 28130.00 and so on. day trading is 500.00 per contract. not sure what you mean by leverage in this regard.

surf
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He means position sizing.

How much margin do you use per conract traded?

JJ
 
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>
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This is looking even better now, since I am not in a short trade I sincerely wish you, Surf, all the best, but on another hand I would reconsider, this is a weekly chart and you are looking at a quad divergence, they don't get much better than that, EUR/USD to tank ImO.
 
oh yeahhhhh, what a day!!!! nearly 200 points on the YM short, i am holding here into wednesday--


holding CROX short

eur/usd long
usd/cad long



for those of you who follow TA, our autosoftware is showing an interesting triangle trendline formation starting to close on the 5 minute USD/CAD chart. see below

regards,

surf
 

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the latest on CROCS and what public feeds we are looking at for stocks. maintaining shorts and heavy short bias on this dog. its almost over for this one, stay tuned.

surf
 

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Quote from marketsurfer:

oh yeahhhhh, what a day!!!! nearly 200 points on the YM short, i am holding here into wednesday--

holding CROX short
eur/usd long
usd/cad long

for those of you who follow TA, our autosoftware is showing an interesting triangle trendline formation starting to close on the 5 minute USD/CAD chart. see below
regards,

surf
More...
SAH-WEET Surf...you must have taken a hint from that "20 reasons to stay short" post of mine.
Yeah, crox, underarmour, apple....they're all the result of the recent bubble....but soon they'll look like Sun Microsystems stock of the past 7 years. Once the job numbers start to look bad (and there's every reason to believe they will be), the blood bath will begin in earnest. Next stop: 13,000. After that...whew, there's no support !
Cramer likes CROX....but again, he's somewhat of a "crock".
"Mad Money"....soon to be "No More Mad Money"
and....soon...they'll be throwing rocks at him.
That big smile he had on this morning was erased pretty quickly.
Maybe "Sad Money" will be more appropriate.
 
Then again all depends how much of the heat one is willing or able to maintain. I recall speaking to a friend who was a fund manager at the time, he was short AMZN based on FA, market proved him wrong. His analyses remained the same, in actual fact there was more reason to get short AMZN, but AMZN just kept climbing. Of course eventually it did happen, but he was already out of his positions in that stock. Hence I only have eyes for TA, of course we all have different POV TA or not.
 
Quote from syswizard:

SAH-WEET Surf...you must have taken a hint from that "20 reasons to stay short" post of mine.
Yeah, crox, underarmour, apple....they're all the result of the recent bubble....but soon they'll look like Sun Microsystems stock of the past 7 years. Once the job numbers start to look bad (and there's every reason to believe they will be), the blood bath will begin in earnest. Next stop: 13,000. After that...whew, there's no support !
Cramer likes CROX....but again, he's somewhat of a "crock".
"Mad Money"....soon to be "No More Mad Money"
and....soon...they'll be throwing rocks at him.
That big smile he had on this morning was erased pretty quickly.
Maybe "Sad Money" will be more appropriate.
More...


thanks for the cogent and timely words, wizard. we'll see what happens!

best wishes

surf
 
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