ES Journal - 2012

[iloveoptions]

Let's have some fun, and attempt to guess the high and low for this week. Who wants to go first?

 

[gmst]

Quote from iloveoptions:

Let's have some fun, and attempt to guess the high and low for this week. Who wants to go first?

Good question. Here is my take. Based on my answer, I will leave one contract short till end of week with a stop above 1422.75. Lets see if I make money or not based on your question. lol.

H - 1422.75

L - 1390

 

[iloveoptions]

Quote from gmst:

Good question. Here is my take. Based on my answer, I will leave one contract short till end of week with a stop above 1422.75. Lets see if I make money or not based on your question. lol.

H - 1422.75

L - 1390

That's a good strategy. Your prediction is well within this week's expected range, so you should have a good chance of hitting both targets. It's preferable that you hit the low first to ring the register.

 

[Spectre2007]

update24

 

[gmst]

Quote from gmst:

short 1412 again

filled 1408.....keeping one contract open for 1390 and below target.

 

[Spectre2007]

2 vol fans... kills breakout players..

vol fans resolve to downside mostly.

 

[Rickshaw Man]

Gee I wonder how high the index futures will rise tonight at 2am cst.
Headlines by 7am cst. Stocks set to open higher, hahah you know its yrue.

 

[Rickshaw Man]

Quote from gmst:

filled 1408.....keeping one contract open for 1390 and below target.

Why throw your money away. Don't short this market right now like everyone else around here.

 

[Lespaulr0cker]

Quote from Rickshaw Man:

Don't short this market right now like everyone else around here.

Not everyone bro, I'm long from 1375 area and holding.

 

[iloveoptions]

Quote from Rickshaw Man:

Why throw your money away. Don't short this market right now like everyone else around here.

I think he's doing just fine considering his size and entry point. Also his target is quite possible to be reached in the next few days.