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  1. mervyn

    ES Journal - 2021/2022

    4469 met, flatten positions, including positions carried from the big drop last week. not sure what’s next, wait for a little bit pullback.
  2. mervyn

    ES Journal - 2021/2022

    An equal pullback now, will sit out this evening.
  3. mervyn

    ES Journal - 2021/2022

    I don’t buy out of gate on Sunday night unless it is a major drop. Will wait at least to asian opening around 9pm ish. Never able to to buy at Friday closing price, not worth the risk.
  4. mervyn

    China CSRC announced financial derivatives accessible to Qualified Foreign Investors

    you are not qualified as QFII so it is moot. you can trade hkse-china link, asia futures market for now is in singapore.
  5. mervyn

    ES Journal - 2021/2022

    Fib over 61.8 is a good sign, few more sessions to confirm the reversal. 31 points captured today, log off.
  6. mervyn

    Direct Registration..What's that?

    I had MO tobacco stock in 90's and held at company records, not via broker. If you want to sell, you call the company, took few days, not efficient way to trade but commission free (at least I didn't see on my statement, a cost to the company).
  7. mervyn

    ES Journal - 2021/2022

    My chart has 4429 as 50dma, let's see if it can close above it.
  8. mervyn

    ES Journal - 2021/2022

    50dma is very likely to meet today, just few points away...
  9. mervyn

    ES Journal - 2021/2022

    4405 filled again, next stop 50dma, hopefully.
  10. mervyn

    ES Journal - 2021/2022

    4370 filled while watching squid game
  11. mervyn

    ES Journal - 2021/2022

    L 23 C 28 twice on march contracts, I am good for the day.
  12. mervyn

    ES Journal - 2021/2022

    I see no difference here since we are trading small ranges just under 50% line, at the moment I favor open long positions rather than shorts. Market is no convinced yet because high energy price and high inflation will damage the outlook. I expect OPEC and/or US will say something about the oil...
  13. mervyn

    ES Journal - 2021/2022

    filled 4405, 50% retracement line met. I have half positions left for 50dma at 4432 but want to open something to capture this 30 points.
  14. mervyn

    ES Journal - 2021/2022

    order filled 4388, i am done for the day. waiting for 4405.
  15. mervyn

    ES Journal - 2021/2022

    L 4370 C 4375, first trade of the day, let's see if we can get back to day high 4388.
  16. mervyn

    NYC's Waldorf Gets Plush Renovation, Becomes Icon of China's Overreach

    I don’t know if you have ever been to NYC, New York Palace Hotel is owned by the Korean Lotto Group.
  17. mervyn

    ES Journal - 2021/2022

    L 4388 C 4405, 17 points, Fibonacci 50% line hit, let's see if we can touch 50dma
  18. mervyn

    ES Journal - 2021/2022

    expect to touch 50 dma, this afternoon was a disappointment.
  19. mervyn

    ES Journal - 2021/2022

    open a fully funded account for futures only. I lost 50% cash value in less than a week few years back, that was a lesson learned. For back month contracts, I don’t use leverage, some cushion money is needed. bought 3 March 22 contracts last few days at each of the major down day at the closing...
  20. mervyn

    ES Journal - 2021/2022

    my rule of thumb is that whenever there is a significant drop, 1.5% or more, I would go long the furthest month I can find, not that I will wait to expiration, capture the rebound is tasty.
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