The Surf Report--part 2

Discussion in 'Chit Chat' started by marketsurfer, Mar 2, 2011.

  1. Wakey Wakey, rise and shine.
     
    #511     Apr 20, 2011
  2. I'm still short gold.
     
    #512     Apr 20, 2011
  3. EPrado

    EPrado

    At least you covered at 1316 or so. Is 10 handles higher now.
     
    #513     Apr 20, 2011
  4. IHS all over the dailys & monthlys...freight train setups that have us sitting right on necklines like a peruvian necktie for those looking to put on their shorts.
     
    #514     Apr 20, 2011
  5. what is an IHS?
     
    #515     Apr 20, 2011
  6. #516     Apr 20, 2011
  7. #517     Apr 20, 2011
  8. Banjo

    Banjo

    Inverse Head and Shoulders pattern.
    Just noticed his thread again, ouch surf.
     
    #518     Apr 20, 2011
  9. SURF ALERT


    Noting unusual situation in oil. Short QM at 12.75.


    Surf
     
    #519     Apr 25, 2011
  10. First if I could offer a suggestion, trade the full crude contract not the QM. The liquidity in the QM contract is pathetic. I don't know anyone anymore that trades it since the margins are the same. Risk reward is so much better in the CL.

    Yes, technically that is called the potential of a top forming. The key word there is potential. In the CL, if 114.05 isn't taken out we could see a fall to 105.31, 102.70 or 96.22 in the near term. That being said, I'm long @ 107.00 (June Contract) since the morning of the 14th with a current trailing profit stop at 111.00.
     
    #520     Apr 25, 2011