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  1. mervyn

    ES Journal - 2023/2024

    3 points on ES and 238 points on YM, first trading day in green/ General plan is to short in 1H then long. FOMC Minutes and NFP this week will shake the market, more downside risk than up. Happy trading.
  2. mervyn

    A question

    I think shanghai oil contracts settle in yuan, not dollar, so if you have foreign currency account, you can trade over there.
  3. mervyn

    ES Journal - 2021/2022

    https://www.unseenopp.com/fundstrats-tom-lee-sets-4750-price-target-for-sp-500/ My star trader has spoken, see you guys here in 2023.
  4. mervyn

    ES Journal - 2021/2022

    closed out, enough for me.
  5. mervyn

    ES Journal - 2021/2022

    i sell puts on oil around 65-70ish, but definitely long tqqq
  6. mervyn

    ES Journal - 2021/2022

    I like optimism.
  7. mervyn

    ES Journal - 2021/2022

    up or down?
  8. mervyn

    ES Journal - 2021/2022

    no particular news, people are dumping to close the position m2m. i just closed a little bit early, otherwise 1 grand extra for me.
  9. mervyn

    ES Journal - 2021/2022

    Closed out shorts, not bad this year with YM. Let's see if the head lines would print a SPX bear year officially.
  10. mervyn

    ES Journal - 2021/2022

    3880-3930 on my tpo chart, i wouldn't bet the timing though. there is a much deep pock around 3780 to be filled, can reverse fast. carry ym shorts to 200 back ema.
  11. mervyn

    Ted Cruz wants to be a populist. But he can’t get it right.

    what was the name of the kid janet reno sent back to cuba? he should stay there.
  12. mervyn

    ES Journal - 2021/2022

    It is a bill trap, take profits now!
  13. mervyn

    What's the logic of spreading ES futures?

    Correct. Once it is rolled, the spread is very tight, maybe 1-2 full point. The first chart, about 33 points for each 3 months, 33-66-100-133 etc. Look at Dec 22 to Dec 28 on the second chart, you are not going to make money manually, no trade volume beyond 3 month...
  14. mervyn

    ES Journal - 2021/2022

    short ym
  15. mervyn

    What's the logic of spreading ES futures?

    no, March and June contracts are the same price. You go long or short swing trades to capture the volatility of the price movements to take profit, not sit on it.
  16. mervyn

    ES Journal - 2021/2022

    we are crossing the mark again. didn’t initiate trades but don’t see much upside yet, may go short again.
  17. mervyn

    What's the logic of spreading ES futures?

    Futures Price = Spot Price × (1 + Risk-Free Interest Rate − Income Yield). If you were to buy SPY, you have the accrued dividends, that is the basics of spot-future parity theorem.
  18. mervyn

    CPI will come in weak...Stock Index will SOAR

    I think he is smart enough to keep at least a brand new Ford F-150 pickup for the holidays, don't feel bad.
  19. mervyn

    George Santos - A complete fraud

    well, i reckon make him a gay is a strong penalty.
  20. mervyn

    ES Journal - 2021/2022

    I didn’t count lately but last time I posted we have been crossing the mark 6 times, always tries to bounce above.
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