The Surf Report

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Quote from EPrado:

I have to give you credit, you keep coming back for more.

Are you still mega-bearish ?
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thanks, yes.


9217 did not break by the 3 minute parameter. still flat....

surf
 
Quote from marketsurfer:

thanks, yes.


9217 did not break by the 3 minute parameter. still flat....

surf
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Instead of continuing to be wrong picking tops, why not wait until the market shows it's hand on the downside to get short ?

I know this is not a earth shattering approach that doesnt need a team of analysts.....but it is better than getting crushed shorting an upwards trending market.

There will be a time to make a killing on the short side...it's just not here yet.
 
Quote from EPrado:

Instead of continuing to be wrong picking tops, why not wait until the market shows it's hand on the downside to get short ?

I know this is not a earth shattering approach that doesnt need a team of analysts.....but it is better than getting crushed shorting an upwards trending market.

There will be a time to make a killing on the short side...it's just not here yet.
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sounds good. what is your trigger to enter short on the downside?

surf
 
we are flat entering tuesday. will trade mechanically off the channel figures--- please note-- a full 3 minutes must elapse prior to entry after the channel has been violated, if within the 3 minute timeframe, the market moves back above the the channel line ( or below ) the trade is not entered. Once entered, 20 points is the initial stop loss prior to profits. after profits, you can manage trade to your preference.

surf
 
Quote from marketsurfer:

sounds good. what is your trigger to enter short on the downside?

surf
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Since we're doing the collaborative thing, short on a touch of 9149.

Since we're doing the full disclosure thing, stop loss at 9342.

That gives the market time to do it's thing, uve been getting whipsawed a lot these days.
 
the upper line acted nicely as resistance and the system is staying FLAT after being stopped out of initial short entry pre market open as price moved back into neo channel. FLAT here

surf
 
Quote from marketsurfer:

the upper line acted nicely as resistance and the system is staying FLAT after being stopped out of initial short entry pre market open as price moved back into neo channel. FLAT here

surf
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You're too tight, surf.
 
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