The Surf Report

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Quote from zman7854:

Hey Surfer, looks like shorts are in the $$ tomorrow. I thought this may happen, bullish up until earnings then BAM! Down she falls...looks like it so far in the after hours. All good things come to those who wait. Nice pickin' Dave! :D :D
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thanks ! we will see. holding shorts into thursday.

best,

surfer
 
greetings,

we have determined the surfer gann channels on the DJIA and NASDAQ. the DJIA channel is 10603--10363--- the system states long above, short below and flat in the middle. we are currently short the DJIA outside of system at this time. we will take losses , stop out and reverse at 10603--untill then--staying short.

the NASDAQ CHANNEL is 2077--2123. our earlier stated stop figure of 2121 was hit today, but was not broken therefore we are still SHORT. even though, i am losing money in both the shorts at this time, i am psyched that the figure of 2121 was the high--our gann stop figure. if 2121 is broken, we go FLAT and then LONG once 2123 breaks.

i still trust my analysis and believe this is topping action in the indexes. however, i will not hesitate to trade the system whatever way should the shorts be stopped out.

best,

surfer:)
 
Here is a question:

If you had trusted the gann channels in the past 6 months, trading them in a disciplined manner, how much further along would you be right now?

Quote from marketsurfer:

greetings,

we have determined the surfer gann channels on the DJIA and NASDAQ. the DJIA channel is 10603--10363--- the system states long above, short below and flat in the middle. we are currently short the DJIA outside of system at this time. we will take losses , stop out and reverse at 10603--untill then--staying short.

the NASDAQ CHANNEL is 2077--2123. our earlier stated stop figure of 2121 was hit today, but was not broken therefore we are still SHORT. even though, i am losing money in both the shorts at this time, i am psyched that the figure of 2121 was the high--our gann stop figure. if 2121 is broken, we go FLAT and then LONG once 2123 breaks.

i still trust my analysis and believe this is topping action in the indexes. however, i will not hesitate to trade the system whatever way should the shorts be stopped out.

best,

surfer:)
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Quote from ARogueTrader:

Here is a question:

If you had trusted the gann channels in the past 6 months, trading them in a disciplined manner, how much further along would you be right now?
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as you know, the system has consistently profited over the last 4 years. it does suffer some chop at times near the channel figures, but overall it's an extremely effective trading program. i trust the system completely, simply because i am trying different analysis techniques should not lead you to believe that my trust in the system is wavering.

i have traded the channels over the last six months as documented in my journal. yes, i have deviated from it on several occassions and have had wins and losses. i don't live in the past and i don't ask "what if" questions. i am concerned with the present.

best,

surfer:)
 
Fair balls to you if You reverse and long @ 603, I assume your trading Futures off the Cash Index. Will you go Long in premarket futures if the fairvalue equivalent is reached ? - whilst typing this I believe we're there.

Feelin the pain, best of Luck

Kap
 
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