this one is for FON
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
- Status
- Not open for further replies.
this one is for FON
Quote from mastacoli71:
thx for not being a db like fon. i was being facetious which you probably could tell. funny enough i sold weekly 1350 june weekly calls for $8 and have plenty of bullets left.
agree on your assessment, until then my position will remain short and i will trade it.
I'm a realist and I call it as I see it, but you do as best fits your situation.
Asking 1349.25 June contract for a new short. Adding 1360 with a stop at 1371.
Quote from mastacoli71:
why not trade the Sep given u do not have any position established?
The June options expire this week, and since I trade options every week along side with the futures, the June futures is tied to those options. Otherwise, it would be confusing to calculate breakevens, p/l for covered positions (covered calls and puts) on the fly if i were to use the September.
sometimes when you pull up a daily or weekl monthly you get 3 or 4 nips close together,going in the middle sometimes filters those out, heres the 1 yr with prior lows for res and the nip top is 47 we are coming into exp so the 3 month is the more recent open positions ,hypothetically,the more recent , the higher likelihood there are still remaining longs who would be glad to break even and provide needed sellers to stop a move up,now it's a coin flip as to the 47 on the yearly acting as res or the 57 ,top of cleave as res,since any spot in the cleavage is considered a touch,another guesstimate on the cleavage and nips acting as supp/res along with the fact that they are the most and least traded spots,could be that if you went and looked at a large sample of the top 50 of the 500 spx stocks, they would possibly be at previous supp/res when spu's hit these areas.Quote from mastacoli71:
why 3month, 3 day? just trying to learn, not putting into question the way you are looking at market.
to get a picture of price action ytd, i looked at 6month, daily. the cleavage 32-34 is right where we bounced 2 days. not sure if this is just coincidental
Attachments
Quote from ammo:
sometimes when you pull up a daily or weekl monthly you get 3 or 4 nips close together,going in the middle sometimes filters those out, heres the 1 yr with prior lows for res and the nip top is 47 we are coming into exp so the 3 month is the more recent open positions ,hypothetically,the more recent , the higher likelihood there are still remaining longs who would be glad to break even and provide needed sellers to stop a move up,now it's a coin flip as to the 47 on the yearly acting as res or the 57 ,top of cleave as res,since any spot in the cleavage is considered a touch,another guesstimate on the cleavage and nips acting as supp/res along with the fact that they are the most and least traded spots,could be that if you went and looked at a large sample of the top 50 of the 500 spx stocks, they would possibly be at previous supp/res when spu's hit these areas.
excellent, thx for the explanation ammo.
- Status
- Not open for further replies.