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Its hard to say whether ES followed EUR or EUR followed ES. I was short Euro and was looking at both euro and ES - both moved simultaneously. I couldn't find any news though at that time - so not sure what was behind that spike. Spike lasted for 10 minutes but was enough to cause me a 400$ loss :(

yes but tick is +ve so you not going short...correct

Yes, it worked out well. Drain the banks will work in fx better than in ES imo. Btw, let me warn you that I lose money on ES every month. So, that you or anyone else doesn't start following me, after seeing some once in a while good trades that I pull up. Also, from this week, I am on...

looks like a great fade, we will climb back upto 1287.5 at the minimum. 2 points for scalp here.

There are at least couple of things that you have in plenty that most others lack is patience and discipline. These 2 attributes are among the most important ones to become a successful trader. Great.

ammo, not getting sleep !

Sold 200k AUD @ 1.0307, so reduced net AUD long to 200k

Though I dont expect any change in SNB peg policy, but still we are in a new regime after Hilde's resignation. So, new orders instead of above old ones: Order to buy 400k @ 1.2105, 400k at 1.206, and 1 million at 1.202. Trades: Buy 400k AUD @ 1.031 (looking for scaling out around...

ok thanks, so you were long a call and short a put. correct? thats the way you talk about a RR in equities. If so, it also means you were short skew. Or, is the skew effect too little to consider in this case ? Again, Thanks.

Thanks Mav. So, you did the mistake that Livermore warned against. You lost your position :) And great that you are illustrating us here so that all of us can learn from it - in real time. Btw, if you do expect it to run to 150, why not buy 150-180 call spread or outright directly, instead of...

Treat yourself to a hot chocolate and a double cheese burger :)

But Mav I would say you took your chance based on your years of experience. You didn't expect such a run-up, did you ? Or, do you think it was a misjudgement on your part to sell NFLX before it ran its course?

Someone kept a light under NFLX in the new year ??

out 1273.75

short 1274.5, 1 point target. Long order to enter 1273, 2/3 point target on this one probably

out 1273, will sit out. Edit: Spectacular wrong exit. needed to wait 1 minutes for 1 more point.

Yes, very true - I plan to keep trading for at least 40 more years, even though I will be rich in a few years :) LOL Its about passion. Passionate people are passionate about the things they do - money is just a number at the end of year. In any field - be it businessowners like bill...

Thanks for the interesting story King! Btw, its not clear - Did he make this 50 million from the markets ? And did he put all this money in his wife's name or did wife got this money from inheritence or some of her own business. Aside, all traders who are very successful are careful about...

Long 1272.5

Thank you very much. I had not heard about Bentsen before. Searched him and yes found him talking down U/J in an 'obscure' meeting :) http://www.nytimes.com/1993/02/28/world/us-urges-nations-to-speed-growth.html?pagewanted=2&src=pm "The official said Mr. Bentsen also remained concerned...