3rd and final entry @ 9570.
3 contracts short YM.
surf
3 contracts short YM.
surf
The Surf Report
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Thought you were ALREADY short, with a stop at 9563.
SpoozTop
Noted your post up above
I have been bitch slapping this poor JimmyJam all morning long and for the last several days for the same reasons.
Interesting that he gets the same response everywhere he goes on this site....
I feel the same way....the guy should just put and end to it and help us all out.....
-------------------
and to get back on subject
Surfer, you need to upgrade your tech skills
This is a bull market move
institutions have been long and are staying there for swing move up. At the top of this move PruBache will be a net seller as they have all through the cycle....
Supposedly you're in a fund office. Interesting that you can't pick up on any of this where you work...unless they won't let you in those offices....
and for those interested in learning SOMETHING to offset the wasted time here. I suggest you view these moves in the correct context...and that is as follows (love to hear some intelligent comment on it)
On an intraday basis, professionals know that these markets are not investment vehicles.....they are Marketing vehicles....therefore what you want to do is to look for institutions to mark it up (the widgets they are selling)....pull the public in....and then take it down so they can unload....rinse and repeat...and of course it works AC/DC...once you get this (its step 1) you have a chance of making some real money....
Its an up day man, but with your "stops" in place you should be just fine......lol
Good luck everyone
Stevesbg
Noted your post up above
I have been bitch slapping this poor JimmyJam all morning long and for the last several days for the same reasons.
Interesting that he gets the same response everywhere he goes on this site....
I feel the same way....the guy should just put and end to it and help us all out.....
-------------------
and to get back on subject
Surfer, you need to upgrade your tech skills
This is a bull market move
institutions have been long and are staying there for swing move up. At the top of this move PruBache will be a net seller as they have all through the cycle....
Supposedly you're in a fund office. Interesting that you can't pick up on any of this where you work...unless they won't let you in those offices....
and for those interested in learning SOMETHING to offset the wasted time here. I suggest you view these moves in the correct context...and that is as follows (love to hear some intelligent comment on it)
On an intraday basis, professionals know that these markets are not investment vehicles.....they are Marketing vehicles....therefore what you want to do is to look for institutions to mark it up (the widgets they are selling)....pull the public in....and then take it down so they can unload....rinse and repeat...and of course it works AC/DC...once you get this (its step 1) you have a chance of making some real money....
Its an up day man, but with your "stops" in place you should be just fine......lol
Good luck everyone
Stevesbg
Wee Man
Here let me show you "how to catch your own fish" in this market
Take a chart using 30 minute bars or candles and put a horizontal line through the 1023.25 price point.....
Now scan left and see where price came down and tested prior support.
That move happens all the time, and it signals the start of an intraday move up that lasted until now.
Edit
There you go bud, my apologies for the brusque reply initially. I have been in combat mode recently and its hard to scale down from it....best of luck to you in the markets.
Here let me show you "how to catch your own fish" in this market
Take a chart using 30 minute bars or candles and put a horizontal line through the 1023.25 price point.....
Now scan left and see where price came down and tested prior support.
That move happens all the time, and it signals the start of an intraday move up that lasted until now.
Edit
There you go bud, my apologies for the brusque reply initially. I have been in combat mode recently and its hard to scale down from it....best of luck to you in the markets.
Please re-read and accept my apologies for getting it wrong the first time...
and while I am thinking about it, a good way to see this move ahead of time is to keep a chart of the 30 year bond up next to your ES chart. This morning you would have seen the bond consolidate and do nothing indicating that money was moving out if that maket? Two losing trades in the bond for me this morning, but made up for it on the open ES.....and then some.
The market's a book and we are all learning to read it every day.
Best of luck
Stevesbg
and while I am thinking about it, a good way to see this move ahead of time is to keep a chart of the 30 year bond up next to your ES chart. This morning you would have seen the bond consolidate and do nothing indicating that money was moving out if that maket? Two losing trades in the bond for me this morning, but made up for it on the open ES.....and then some.
The market's a book and we are all learning to read it every day.
Best of luck
Stevesbg
Holding YM short with profit into Thursday. the index as well as GOLD look very very toppy and I am confident in short.
surf
surf
SEP YM around 9600 last I looked. Ouch. Surfy, once again you have let every bit of that nice profit go away. Then you added more losers! You know you are making every rookie mistake in the books, right?
Sure, the market might dive tomorrow but what if it doesn't? You are trading with emotion and revenge. Yes I go countertrend and short OB and buy OS, BUT I take profits!!!
Good luck Surfy. You are going to need it...
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