The Surf Report
- Thread starter marketsurfer
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you don't record your losing trades?
surf
the market ALWAYS tips its hat prior to a major move---as we have witnessed worldwide today, and likely tomorrow.
as niederhoffer is apt to say---"it will soon be time to take out the canes"
we are suggesting to be buyers tomorrow at some point....wait and see mode here and now.
surf
as niederhoffer is apt to say---"it will soon be time to take out the canes"
we are suggesting to be buyers tomorrow at some point....wait and see mode here and now.
surf
Quote from marketsurfer:
you don't record your losing trades?
surf
Absolutely but on the chart I posted, which is a longer term chart, I didn't have any losing positions last year. I take my trading decisions from a single chart at a time.
I made the earlier pick from a faster chart and had a very small loss there. Most of my losses come from those faster charts and that is why I prefer trading longer term environments. Less trades, less risk and more confidence from the longer term environments.
I do trade the faster charts occasionally if something conservative sets up. If I do, my stops are extremely tight.
ok.
best wishes,
surf
a lesson to learn here is that markets never crash from overbought but ALWAYS from oversold conditions.
with the DJIA futures down 649, over 5%--- longs appear to be setting up, suggest getting locked and loaded to enter longs at least for the short term... stay tuned.
some apropo entertainment while we wait:
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surf
with the DJIA futures down 649, over 5%--- longs appear to be setting up, suggest getting locked and loaded to enter longs at least for the short term... stay tuned.
some apropo entertainment while we wait:
<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/MHDSnfHb5nc&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/MHDSnfHb5nc&rel=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
surf
ok, YM channel calculated:
11607---11407
long above, short below flat in middle.
this has the potential to be a monster daytrade or more...
best wishes,
surfer
11607---11407
long above, short below flat in middle.
this has the potential to be a monster daytrade or more...
best wishes,
surfer
locked and loaded:
channel provided several excellent opps to get long. suggest long here as long as ym stays above upper line.
suggest trading with trailing stops where ever you are comfortable after profits--- try to catch profits on each break of line--- staying in as long as comfortable, but never allowing entry to turn into loss. bless the volatility...
expect up close.
srf
suggest trading with trailing stops where ever you are comfortable after profits--- try to catch profits on each break of line--- staying in as long as comfortable, but never allowing entry to turn into loss. bless the volatility...
expect up close.
srf
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