Wow! Although I bailed early on the trade, it looks like the analyis is proving correct. 1287 is critical support level in the cash SP 500--- if that snaps, welcome to 1987. surf
thanks! Perhaps the 2nd entry could be described as "trend following" but our signals fired way prior to the trend changing.
SURF ALERT Trading plan to capture profits: After catching another sharp wave lower, exiting with a solid profit has become a priority. Therefore, stops are set for 6 contracts @ 1285.25. Enjoy your day! surf
this is where the trend traders go short and the congestion traders go long. dow 12000 is major support.
Took profits @1284.50. Will be instituting neosurf channel to trade the SP 500 this time. 1275 is lower band, 1287 is higher band--- remember enter short if 1275 is broken by a full 1 minute, enter long if 1287 is broken by a full 1 minute and STAY FLAT in the middle of the death channel. Not getting any directional feed here from programs---- however, the next move should be sharp therefore neosurf is turned on. locked and loaded. It's just a waiting game now, surfers. best, surf
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