the surf report--part 2

Discussion in 'Journals' started by marketsurfer, Oct 7, 2005.

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  1. never, petrol! LOL. thanks for the chart. i am strongly bearish here s and holding shorts.

    nice to be back!

    #51     Oct 24, 2005
  2. hello surfer,

    you mentioend " 10293--10427"
    last channell

    right now its 10333, did you forget to get stopped out?

    I believe you should have been stopped out arounhd 11:15
    when it retested the previous high and broke, I Would have gotten there

    Just wondering
    #52     Oct 24, 2005

  3. correct. the system would have been stopped out, however, i made the decision to over-ride and stay SHORT here.

    #53     Oct 24, 2005
  4. I'm also waiting to go short, but my short point would be : below yes at least: 10211

    I was going to go long today as well, but it didn't confirm right and my stock picks had an army of 100 share buyers so that didn't help either.

    the buyers around 10:30 to 12:00 today sure didn't look healthy to me.
    #54     Oct 24, 2005
  5. Pekelo


    It is a sad thing to see you to be down by 110 points because of overriding your strategy, nevertheless it is a good learning exercise for others...

    Trade the market not your expectations. Dave, you usually stick to your strategy so nicely, why exactly were you so bearish this time???
    #55     Oct 24, 2005

  6. hi,

    yes, i made the decision to stay short and am curently down 86 points in the DJIA. i am holding short into tuesday.

    surfer :)
    #56     Oct 24, 2005
  7. Choad


    I keep saying...

    Buy the dips!!!


    :D :D :D
    #57     Oct 24, 2005
  8. Hello Marketsurfer,

    Just trying to see your view on things,

    Do you find good successes when overriding the system?
    Do you do this often or only sometimes when you miss out?

    What made you override it this time?

    Thanks :)
    #58     Oct 24, 2005

  9. hi cool,

    when i have strong evidence that the initial system entry is correct, i will occasionally override the system staying in a trade.

    keep in mind, my risk parameters are never jeprodized, even when the system is overriden.

    it happens very rarely.

    enjoyed your post on the other thread.


    surfer:) :)
    #59     Oct 24, 2005
  10. holding DJIA shorts here. the potential exists for a complete retrace over the next several days. staying short for now.

    #60     Oct 25, 2005
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