ES Journal - 2013

[startraitor]

Just a question, not a personal attack. The market bites and demeans much worse than anything on et. I am on the wrong side of it much more than I am the right side, but I don't take it personal, again, just my age.

14% is nothing, if I spent $8.60 or $11.40 on something, or a basket of goods I don't get too excited or depressed about saving or wasting money. To do in on any multiplier is being emotional, of course that is what most market movements are.

Quote from CahaTrader:

Lets not get demeaning here. But the fact is you can make great amounts on a 14% run in the ES in either direction. These are by no means "noise". I'm not sure why you would call them such unless you were holding on a multi-year duration, which I don't believe so.

 

[CahaTrader]

Quote from startraitor:

Just a question, not a personal attack. The market bites and demeans much worse than anything on et. I am on the wrong side of it much more than I am the right side, but I don't take it personal, again, just my age.

14% is nothing, if I spent $8.60 or $11.40 on something, or a basket of goods I don't get too excited or depressed about saving or wasting money. To do in on any multiplier is being emotional, of course that is what most market movements are.

But I bet if your trade went +14% this week, you'd be very happy. And none taken. I trade vol, so a 14% movement in ES is equivalent to some 30-50% or higher depending on how violent the move was. Definitely not noise to me, but to each their own! I respect your views on the boards. I lurk more than I post.

 

[Lawrence Chan]

Quote from CahaTrader:

-14% is not what I define as a bit more than noise. And for the timeline most people are calling the downturn in, it is crash-esque.

-14% or more is not a rare event. It happens quite often.

 

[hafez50]

Quote from hafez50:

hafez covered all my shorts on last shot down. i want a nice fat rally to reshort. They slapped the shorts with 8 pt run in last 5 mins on es. [/QUOTE


Hafez nails it again. This is at least 6 calls in a row i've posted that have been dead on. futures up 10.50. ,might take a nibble short here

 

[Trader.Fighter]

Bull looking good, got to watch if it can take Friday's high during Tuesday RTH, if it can, some continuation is in order perhaps 1st gap fill above on the next 1-2 days.

 

[drownpruf]

Quote from hafez50:

Quote from hafez50:

futures up 10.50. ,might take a nibble short here

Thanks for the fade.

 

[hafez50]

how is bull looking good when we closed at 5-6 week lows on friday? Take the word of me who's been calling this to a tee that this that this is a short opp.i called i covered shorts on friday into the last dip. I just took my first short uo here at 1647.50

 

[RichardRimes]

nice uptrend?

The sell is a close on a long...lots of positive deltas to sell if we do go higher...

 

[RichardRimes]

Quote from drownpruf:

Enjoy next week's rally, boys.

gutsy call...hummm reminds me of someone else

 

[drownpruf]

Quote from RichardRimes:

gutsy call...hummm reminds me of someone else

Ha, thanks. I went out Fri long a lot of deltas. XMAS came early. I had to cover some at 46 basis Sep.