The Surf Report

stopped out of longs, price in channel--- awaiting break here. if this breaks on downside, expecting substantial downwave. we'll see.

surf

 

surf, do you generally trade breakouts and breakdowns as opposed to buying support and selling resistance? or is it just this particular YM trade?

It almost seems like in a trending market, it's much easier to buy support and sell resistance, don't you think?

Kudos on the Eur trade.

 

shorts triggered on touch of 13563. short YM here.

regards, surf

 

ok, that was the 2nd unsuccesful try of the channel break. back flat. awaiting next entry.

surf

 

whipsaw city---- presently long from 13613--stops 13593---fingers crossed---3rd entry attempt. will allow 5 prior to throwing in the towell on the channel.


perhaps the "not trading when in emotional turmoil" axiom applys even to systematic entry trading.....cause i just aint winning lately. what's your opinion annaland??

surf

 

thanks, polpol, continuing to hold eur/usd short. the system channels are not support or resistance---although it seems to be thus far this time.

regards, surf

 

well, I am not analand but look like the man still make all decisions, systematic or not.

 

back flat in channel after 3rd whipsaw. program allows for 2 more trys. awaiting next entry.....


:eek:

 

4th entry triggered---this time short--- short @ 13567 will need a nice down wave to break even on the loss series today. this could be the one, some extreme bearish sentiment, from on high, coming across the private wire------ fingers crossed. have a nice night.

surf

 

Good luck but you sound more hopeful than confident.