our strategy for the system long trades is as follows---- the stops in the DJIA are at 8397, in nasdaq-- 1423. this way, some of the profits will be retained if the pull back continues. i am still bullish but wish to retain profits should the move up not continue at this time. the call for DJIA 9000 by end of year is still valid best, surfer
i am going to lower my stop on the system long trades in the DJIA to 8377. i will not be surprised to to see the DJIA hit 8397--8403 within the next 3 trading days, before the uptrend continues. i want to stay long thru the volitility, hence the wide stops. the system is designed to catch the BIG moves, and will tolerate volatility. staying LONG best, surfer
LOL I wake up and this is the first message I read. I try to make a habit of falling asleep and waking up laughing. You just helped out. Thanks. And Surf's new and strange signature. Surf, too much snow down there this year? Happy Trading. And Happy Friday!
hi uptik ! nice to hear from you. the signature is from a band / musical group i have been listening to lately www.nemeton.com enjoy, surfer
Yo surf- That figures, because when I read it I intuitively started a beat in my head. Also meant to tell you...with my recent entry into the futures (nq only so far) I'm checking out the YM too. And I found a nice Gann web group and downloaded some of his material. Good readings. Trade well. uptik2000
excellent, uptik. YM is a fantastic trading vehicle at this time, all the benefits of NQ/ES with none of the drawbacks. best, surfer
%%%%%%% Most of the 30 minute candles[especially end of day 30 minute candles] in the last 20 & 30 days are up. Mostly up in the the 30 days before that-DIA,SPY,QQQ,$UTIL and so on. The weaker of the three reds yesterday, -QQQ is above$28.oo first 30 minute premarket;looks like the uptrends are still favored. Hi Hunter, [have a good Mothers day,] and see a few redbirds in a forest of green. y