ES Journal - 2012

[mastacoli71]

Quote from mastacoli71:

I sold 1365 weekly calls against my long position over the weekend in fear of something like this happening (i don't do it very often) so that is helping along with my 6E position I was short. Still it sucks but it is how I manage risk.

especially when holding a long position over the weekend on a weak market

 

[Macho]

Quote from mastacoli71:

Not being smug with this answer but if I was worried about margin calls I would not be adding to my current long. Believe me I am not happy about the current loss but this is how I trade.

I hope the trading God's are with you.

 

[tenthousandmen]

Level 2 is all over the place

 

[mastacoli71]

Quote from Macho:

I hope the trading God's are with you.

You and me both. I will be up quite a bit tonight.

 

[mastacoli71]

Quote from mastacoli71:

add 43.5, avg long 60.5

reduce 50.25, avg long 60.5...phew

 

[ammo]

Quote from mastacoli71:

reduce 50.25, avg long 60.5...phew

nice buy at 43

 

[tortoise]

Quote from ammo:

nice buy at 43

1353 is likely but I'll be surprised if we don't revisit these lows, and then some...

 

[ammo]

53 maybe 56 depending on the timeframe,might be a lot of dumping on the open of eur session, this is the es mp for rth

 

[mastacoli71]

Quote from ammo:

nice buy at 43

thx man

 

[mastacoli71]

Quote from tortoise:

1353 is likely but I'll be surprised if we don't revisit these lows, and then some...

your prob right on the lows and then some although 42.5 is quite an extension from friday's close. if we do break i see the next support area between 30 and 36.

that's prob it for the fireworks until european open. i'll be back at it around 2 am EST.