The Surf Report

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Quote from marketsurfer:
it has been decided to stay short YM into the open tomorrow ( thursday). our intermarket historical analysis and software, when combined, is indicating a 39% chance of an up day tomorrow, and if up, a soft one. maintaining bearish bias and holding YM shorts.
holding CROX shorts---this one may take come time to pan out, but when it does, look out below!
staying long usd/cad and long eur/usd for now.
best wishes
surf
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Whew...one thing about you Surf...you sure have one great trader's attribute: PATIENCE. (and nerves of steel)
But I have to tell you, the recent swings in your open position PnL is nothing short of phenomenal.
No trailing stops ? I'm no one to criticize, but the double-bottom hold this afternoon was just such a "tell".
As I said before, 13k-even is so important. When it didn't break today.....well that was some consolation for these tired bulls.
 
Quote from Pekelo:
Man, I came back to the monitor and the market just rallied 300 points in like 40 minutes??? I told you keep locking in profits...
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EXACTLY. So much for this total "quant" approach.
IBM, after 5 years and 5 million dollars of research, was able to beat the best human in chess with their software...but when they went to apply it to trading, it FAILED MISERABLY.
That was YEARS ago. No progress since ?
OH SO TELLING.
 
Quote from syswizard:

EXACTLY. So much for this total "quant" approach.
IBM, after 5 years and 5 million dollars of research, was able to beat the best human in chess with their software...but when they went to apply it to trading, it FAILED MISERABLY.
That was YEARS ago. No progress since ?
OH SO TELLING.
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Let's see, IBM said that the PC would never become mainstream either. They said it was a complete waste of time and resources. I believe the people were involved that tried to create a trading application as were in charge of the PCs'. They failed miserably and yes that was years ago but a lot of time has passed and a lot of technology has emerged that goes unused. Never say never.
 
Quote from ProfLogic:

Let's see, IBM said that the PC would never become mainstream either. They said it was a complete waste of time and resources. I believe the people were involved that tried to create a trading application as were in charge of the PCs'. They failed miserably and yes that was years ago but a lot of time has passed and a lot of technology has emerged that goes unused. Never say never.
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The KEYWORD above is "people". IBM now has outsourced about 85,000 tech positions to India. I've worked with these people. They follow directions well, but 99% don't have a clue when it comes to creative problem solving with software. If you are going to beat the market, it will take a lot of creative ideas, approaches and thinking. This won't happen at IBM...guaranteed.
Also, since all of this outsourcing has occurred, there has been very little "happening" in the software world.....other than the Google seach engine and apps. The only other thing I thought was creative wth software was this tiny American company that has cloned Excel in Java....
 
Quote from syswizard:

Whew...one thing about you Surf...you sure have one great trader's attribute: PATIENCE. (and nerves of steel)
But I have to tell you, the recent swings in your open position PnL is nothing short of phenomenal.
No trailing stops ? I'm no one to criticize, but the double-bottom hold this afternoon was just such a "tell".
As I said before, 13k-even is so important. When it didn't break today.....well that was some consolation for these tired bulls.
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thanks, wiz. expecting further dow(n)side here---- perhaps to sub 12k by end of year.

also looking to get short oil very soon.

surf
 
Quote from marketsurfer:
thanks, wiz. expecting further dow(n)side here---- perhaps to sub 12k by end of year.
also looking to get short oil very soon.
surf
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No question, that is possible.
All and any support levels have been taken-out with such ease recently, it's nothing short of phenomenal....in terms of the the psyche of the market. 1430 is supposedly an S&P support level....watch how easy it gets taken-out next week.
We should get to 12500-700 Dow, and then a relief rally.
And talk about hammer-city, the Russell 2000 has lost over 12% in a incredibly short period of time.
Small cap blood bath.....and more to come.
My joke: Cramer is going from "Mad Money"....to "Sad Money"...as his following wallow in their tears.
 
Quote from marketsurfer:



long EUR/USD
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I don't swing trade, so this is still just an opinion on weekly, I still say that EUR will be down, probably at the touch of 1.4 or thereabouts. What's happening now is typical p/a leading into a decline based on a divergence. If divergences were THAT easy to trade we'd all be rich, not to mention the fact that it might never work out. But considering time that it took for this current divergence to form I doubt very much that it is somehow 'engineered' by the illuminati :) Buying is drying up according to histogram, so if EUR is to continue its bullish stance ImO it has to retrace first, buy low sell high is still key practise in world of finance.
 
Quote from JSSPMK:

I don't swing trade, so this is still just an opinion on weekly, I still say that EUR will be down, probably at the touch of 1.4 or thereabouts. What's happening now is typical p/a leading into a decline based on a divergence. If divergences were THAT easy to trade we'd all be rich, not to mention the fact that it might never work out. But considering time that it took for this current divergence to form I doubt very much that it is somehow 'engineered' by the illuminati :) Buying is drying up according to histogram, so if EUR is to continue its bullish stance ImO it has to retrace first, buy low sell high is still key practise in world of finance.
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thanks, im still a relative newbie in the currency world. interesting thoughts, keep em coming!

surf:)
 
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