The Surf Report

Status
Not open for further replies.
Quote from JimmyJam:

Nah, the position is in the red again, Surf missed out on a chance to close in the green and one-up the competition, instead he's holding against the trend again.

JJ
More...

Any bets on how far Market Surfer allows this trade (which is now just barely in the green after being up over 100 pts) to go against him before he cries Uncle? ... just remember, he's all-in, so there won't be a subsequent 2, 3 or 4 other entries on this trade at substantially higher prices (which we all know is an excellent way to trade, btw).

JJ
 

Attachments

Surf may need to work on a scaling out strategy. He has a scaling in, I believe I read it as 3 entries martingale. I wonder why he doesn't do the same on the way out. or maybe trade around a winning position. ie if he had 1000 YM short, why not take 75% profit after a 4% move, and hold on to 25% with a stop at cost.

btw, problem is holding down here. All oscillators on the weekly indices charts are turning up. This would be a completely different trade if this was off Oct highs.. would be worthy of a hold on a % of the position.

Quote from JimmyJam:

Any bets on how far Market Surfer allows this trade (which is now just barely in the green after being up over 100 pts) to go against him before he cries Uncle? ... just remember, he's all-in, so there won't be a subsequent 2, 3 or 4 other entries on this trade at substantially higher prices (which we all know is an excellent way to trade, btw).

JJ
More...
 
Quote from Tracy McGreedy:

Surf may need to work on a scaling out strategy.
More...

... or on a hard stop loss. Position went twice +150 points and Surf as usual let it ran back against him, currently -80.

Completely agree with Tracy on everything. The market dropped 10-11% in 5-6 weeks, going short here is risky, but not bad if one keeps taking the smaller profits. But don't wait for another huge drop...

Year end rally will bite you in the ass....
 
Quote from nkhoi:

will surf get talked out of his position like CROX or will he hold on for another bout of brutal drubbing in YM?
More...
"everyone but him say it coming from a mile away"

jj
 

Attachments

as you are aware, our SHORT oil trigger was activated and we are short from 96.83. the research concludes and it's my intuitive belief that THE TOP IS IN for oil. stops on this one are 101.07 expecting a slow sell off punctuated by several small percentage spike surges.

maintaining shorts and short bias in YM---


surf
 
Quote from ProfLogic:

eMini Crude
Buy 98.775
Stop 97.475
More...

It was too late last night when I threw this one one and grabbed it off the wrong chart. Climbed to US$.10 off the top. Early Entry showed as stop was too tight. Stop should have been 96.025.

Looking to re-enter long soon since Position trade is still in and long.
 
oh yeahhhh! nailed very nice down wave, holding shorts here in YM.

looks like JJ and P.logic will come to understand that charts show the past and that this game requires much more than chart analysis.

may i suggest a discerning eye focused on libya for clue about oil and not constant tic charts-- ( shhhh you didnt hear that from me)

surf
 
Status
Not open for further replies.
Back
Top