The Surf Report

[Scottie]

let the dead cat bounce on NOK for a profit of $540. Usually only works in the NasDaQ but hey who's complaining?

 

[marketsurfer]

Quote from manz66:

Hi marketsurfer,

What is your averge drawdown for successful trade? For example, my drawdown is average 1.5% in forex last two years, and 1.80% for emini. Thanks

manz.

hi,

i don't use a percentage drawdown factor in my system trades. i enter when it fires a buy or sell, immediately, i give the trade 3 minutes to stay above my entry level--if it does not, i close and wait for the next signal. the system is very mechanical. should the trade continue in my direction, i exit based on intuition and technical but always at a minimum of break even. i guess you can say i use time stops.

best,

surfer

 

[marketsurfer]

Quote from Scottie:

let the dead cat bounce on NOK for a profit of $540. Usually only works in the NasDaQ but hey who's complaining?

nice !

surfer

 

[marketsurfer]

as you know, we are LONG the DJIA and MSFT entering the open. i am confident of additional upside today. holding here.

best,

surfer

 

[marketsurfer]

i am holding here, thru the pullback-- still expecting upside but placing stops at 9077 to preserve some gains.

best,

surfer

 

[marketsurfer]

9077 was broken but not by the systems parameters ( one full 3 minute bar below the purple stop line) therefore we are still long the DJIA here. holding

best,

surfer

 

[marketsurfer]

test. i am attempting to attach a chart showing exactly what i am refering to when i speak of pink gann line channels and purple stop lines.

best,

surfer

 

[marketsurfer]

the gann support at 9077 held today, therefore we are still LONG the DJIA from 9057. expecting upside--soon.....

best,

surfer

 

[petrolpeter]

Kind of spookie, like Mr. Gann is overseeing us from beyond.:eek: Can't wait to see that chart Dave.Can you tell me what the lines are and what they trigger?

 

[corvus]

Quote from petrolpeter:

Kind of spookie, like Mr. Gann is overseeing us from beyond.:eek: Can't wait to see that chart Dave.Can you tell me what the lines are and what they trigger?

Didn't Gann say something like he couldn't really predict past 200x or something because something major was going to happen?