The Surf Report

we are back short the DJIA from 10627.

 

our SHORT stops are at 10587 in the cash DJIA. staying short here. will close should 10587 line be broken.

surfer

 

we are currently flat in the DJIA. 10587 is the new lower channel figure. 10587---10653 is the current chanel.

surfer

 

Man, I hope you are doing well in your scalping. Seems you are getting chopped up in your system trades right now.

 

Major U.S. indices have little momentum recently. It is not easy to buy high and sell higher; sell low and buy lower.

 

aborted a short entry @lower channel figure for small loss. back flat in channel.

 

scalping is working nicely. thanks for asking.


surfer

 

yes. i am trying to position for when we break out of this funk.

best,

surfer

 

staying flat here. line was touched but not broken yet. staying flat untill lower line breaks.

surfer

 

surf did you ever think about buying the bottom band and selling the top band. trading the ranges seems to work better than breakout trading in the market right now.
i believe its because the market is overvalued on any fundamental measures yet if fund managers sell they have no place to put the money so we just chop around in a range. a well defined range is great for traders.
maybe tomorrows job numbers will break us out but hard to tell right now.