ES Journal - 2013

hitchslap · May 15, 2013

decent size pullback there.
Could be time to get long if you're flat

iloveoptions · May 15, 2013

Maybe north korea will test launch a missile tonight, who knows.

gmst · May 15, 2013

Quote from gmst:

Also, I can't believe for my life that 3000 in nasdaq will not act as resistance. It has to - if not for a 200-300 point correction, at least for a 50 point correction.

I was talking of NASDAQ points in the above. So talking about 50 NASDAQ point correction tomorrow/day after, not 50 ES point.

gmst · May 15, 2013

Quote from iloveoptions:

Maybe north korea will test launch a missile tonight, who knows.

haha

if the missile is a long range one - ammo's shorts will pay themselves off very well.

Btw, your point about ES at 1650 is well taken. It is significantly different from ES being at 1250. Do you think a margin(initial or overnight) increase is going to happen from CME side since ES is at historic highs?

Builder17 · May 15, 2013

Quote from iloveoptions:

Maybe north korea will test launch a missile tonight, who knows.

thanks for the positive outlook =)

iloveoptions · May 15, 2013

Quote from gmst:

haha if the missile is a long range one - ammo's shorts will pay themselves off very well.

Btw, your point about ES at 1650 is well taken. It is significantly different from ES being at 1250. Do you think a margin(initial or overnight) increase is going to happen from CME side since ES is at historic highs?

I hope it's not long range, hehe. I prefer the one that peters out mid way, but the media blows it out of proportion as always.

I don't think the CME will change margins until we see several consecutive days of +2.5% days. We're barely doing 1% currently, let alone 2.5%.

ammo · May 15, 2013

Quote from iloveoptions:

I hope it's not long range, hehe. I prefer the one that peters out mid way, but the media blows it out of proportion as always.

I don't think the CME will change margins until we see several consecutive days of +2.5% days. We're barely doing 1% currently, let alone 2.5%.

cme wouldnt do that until jpm and gs have gotten everyone long with jpm and gs on the other side

gmst · May 15, 2013

Quote from ammo:

cme wouldnt do that until jpm and gs have gotten everyone long with jpm and gs on the other side

Serious question - Why will cme listen to jpm or gs? JPM or GS are not going to pay CME members?

iloveoptions · May 15, 2013

Quote from ammo:

cme wouldnt do that until jpm and gs have gotten everyone long with jpm and gs on the other side

I would think JPM and GS are completing this task by now after this big run up from 1530.

iloveoptions · May 15, 2013

Quote from iloveoptions:

Filled. 1651.62 is my avg. One more add and I'm done.

Out of my 1659.25 add at 1650.5. Holding 1644 still.