The Surf Report

Discussion in 'Journals' started by marketsurfer, Apr 25, 2002.

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  1. thanks. nice trading.

    surfer
     
    #2151     Apr 6, 2004
  2. our models indicate that the sell wave is almost over. we are holding longs, sitting tight at this time.




    :)
     
    #2152     Apr 6, 2004
  3. see attached chart. our yen short is doing well, IBM long gave back a bit today. expecting convergence soon....


    holding DJIA long,


    best,

    surfer :)
     
    #2153     Apr 6, 2004
  4. another minor selling wave hits the DJIA this morning. the upper resistance level, that i was hoping would turn into support was smashed. our stops have been placed @ 10476.

    let's go do what happens,

    surfer:)
     
    #2154     Apr 7, 2004
  5. we have been stopped out and are currently FLAT the DJIA. the next trading channel is :

    10507--- 10457


    long above, short below and FLAT in the middle.


    that was an excellent ride. congrats to all who caught the wave !

    best,

    surfer :) :)
     
    #2155     Apr 7, 2004
  6. thanks dave, another good call....still short the YEN...and killing it in TASR ..lol.

    rttrader1 -
     
    #2156     Apr 7, 2004
  7. the system got chopped a bit at the going long at the open. the DJIA then plummeted thru the channel; breaking the lower channel line triggering shorts. we are currently short the DJIA---- must admit, i am a bit nervous here being short, BUT following system.

    attached please see our IBM / YEN trade chart. it is doing nicely, the convergence continues as expected.

    enjoy the weekend !


    surfer :)
     
    #2157     Apr 8, 2004

  8. dude, i love it ! keep cranking it out.

    happy easter !

    surfer :)
     
    #2158     Apr 8, 2004
  9. whats your entry YM?
     
    #2159     Apr 8, 2004
  10. we shorted the DJIA on friday when the lower channel figure of 10457 was violated at aprox 1 pm. what i find intriguing is the lower channel figure was the upper bband closing number exactly--see attached chart. watch the thick pink channel lines---

    currently short the dow, ibm yen spread still on.

    best,

    surfer
     
    #2160     Apr 11, 2004
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