ES Journal - 2012

[Macho]

Quote from skyriderfox:

Out of longs at 1269, flipped to short. Things do look scary here.

So you took a loss from 1306.Some headache pill!!

So where are you thinking of covering?

 

[ammo]

62-59 nip

 

[Lawrence Chan]

Quote from ammo:

62-59 nip

Previous year close SPX at 1257.

 

[kinggyppo]

Quote from failed_trad3r:

WE ARE CRASHING

and did anybody notice JPM is now down $6 from when the news first broke? down almost an additional 20%.

squeezing the living sh&* out of them at the moment, where are the chaps that rolled this to 1420?

 

[Lawrence Chan]

Quote from kinggyppo:

squeezing the living sh&* out of them at the moment, where are the chaps that rolled this to 1420?

The way S&P got pushed down is quite interesting.

Every important support where we see buyers stepped in, the very next day it gapped thru by euro zone news shock.

Coincidence? Maybe. =)

 

[ammo]

http://www.insidestocks.com/momentum.asp bottom of page

 

[skyriderfox]

Quote from Macho:

So you took a loss from 1306.Some headache pill!!

So where are you thinking of covering?

Will see how things are in the 1200-1210 area. Yeah, I did take a loss from 1306, but I think I pick up an easy 60 here on the downside.

 

[mastacoli71]

Quote from ammo:

is this a massive hns? rectangle 1305 to 1229 is the new boob area we are working ...for the record,,had a great 1st 2 weeks of may and like an idiot i played sparingly and missed out on the 1325-30 to here moves,i don't know how many times i posted on et preaching never trade the acct,by protecting the good month i was having i missed out ,never too smart to avoid being a knucklehead every now and then

sometimes protecting a good month is the right thing to do and sometimes not. you probably already know this given your experience but don't beat yourself up. plenty of good trading ahead. i feel another 2008/2009 type market is in the cards and this is only the beginning.

 

[mastacoli71]

Quote from Laissez Faire:

So, who`s buying?

i sold a 1265 weekly put just now for 18 because i see 1250-1252 as next area of support. i am short one contract as hedge for longer term portfolio.

check out SPX monthly chart. that green trend line brings us down to 1200 but it may take a few weeks to get there. right in line with Greek elections and end of Operation Manipulation.

 

[mastacoli71]

Quote from Lawrence Chan:

Previous year close SPX at 1257.

u thinking they will protect this area pretty heavily?