ES Journal - 2012

[ammo]

Quote from ammo:

reduce 20

bid for reduce 16 75

 

[Pita]

Quote from Pita:

out be and still no turkey, bias down and sell stops again 17.75/ 17.25 for T14 and 12

Out -6 ticks. Maybe vegetarian for christmas lol

 

[ammo]

Quote from ammo:

bid for reduce 16 75

lower bid to 14

 

[gmst]

Quote from gmst:

Movements in NQ today have been much more pronounced compared to ES in both directions.

Not sure how stable is the relationship in the long run though.

Can anyone point me to some online/book resource that talks about how to construct and then how to trade spreads specifically regarding the ES-NQ spread?

I read the middle one - good introductory stuff. Will read the other ones after market close.

http://www.cmegroup.com/education/fulfillment-requests/files/Stock_Index_Futures_Spread_Trading.pdf

http://www.cmegroup.com/trading/equity-index/files/Stock_Index_Spreading_0410.pdf

http://www.cmegroup.com/trading/equity-index/files/SP500_DJIA_Spreads_Final.pdf

 

[Builder17]

wonder whos gonna win this tug of war going into the close

 

[Laissez Faire]

Got the retrace to 17.

Quote from Builder17:

wonder whos gonna win this tug of war going into the close

The bull's been in control all day long and already won this round, IMO.

ES up 0,85% at 1420.

80% certain we close above 1415.

99% certain we close green.

 

[ammo]

tl

 

[gmst]

Quote from gmst:

long ES @ 1420
long NQ @ 2648

out NQ @ breakeven
out ES @ 1 point profit

Now, overnight short NQ @ 2649.5

will cover around 2644 and 2642

 

[Laissez Faire]

And there we got S3 + Thursday's high by the close.

 

[ammo]

Quote from ammo:

reduce 20

add 26