The Surf Report

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

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  1. John8

    John8

    DO YOU HAVE A NEW ONE--THANKS:)
     
    #2331     Jul 27, 2004

  2. sorry, i am currently trading the DJIA and no longer trading the nasdaq due to a fundamental change in the market. sorry.

    surfer
     
    #2332     Jul 27, 2004
  3. system fired longs at channel break. we are currently long with stops at 10017.

    surfer
     
    #2333     Jul 27, 2004
  4. we are back flat after being stopped out--will continue to mechanically trade off of channel breaks untill system parameters are met or trend is caught.

    surfer
     
    #2334     Jul 27, 2004
  5. You've completely lost me Surf. If I'm not mistaken this system's objective was to catch the major waves. Your frequent trading belies that objective - you are willfully chopping around. Long and short today, now flat? Yikes!

    That is a system for slow death.

    (You might try widen the channels & stops and trade less frequently.)
     
    #2335     Jul 27, 2004


  6. no, you are not understanding. the system does hit chop at times around the channel figures, as we are experiencing today. i attempt entry 5 times at the figure before scratching the chanel and starting over. hope this clarifys.

    surfer
     
    #2336     Jul 27, 2004
  7. Cutten

    Cutten

    What does your source think about trading on anonymous market tips as a viable market strategy? :D
     
    #2337     Jul 27, 2004



  8. :D


    LOL !


    the system finally nailed the upwave after several false entries at the channel break. i am following with very wide trailing stops slightly above entry level for rest of day--holding longs here...

    surfer
     
    #2338     Jul 27, 2004
  9. #2339     Jul 27, 2004
  10. we are holding longs into wednesday.


    sleep well,


    surfer :) :) :D
     
    #2340     Jul 27, 2004
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