ES Journal - 2013

Quote from hafez50:

rrox i'm not looking to make 5 pts and give back 3 and on and on. i'm looking to hold shorts for 200-300 pts down and i still see nothing that tops in. Outside don miller i've yet to meet one trader in 30 yrs that makes a living in futures alone. Most of the time i use futures for longer term holds as stks are my bread and butter
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I hear you I didn't mean anything by it. To each his own my b and b is options but futures keep me awake.

tip: buy usdjpy 9938 now - good for 50+ pips... more if you're willing to sit on it for a day.
 
banks just keep grinding ever higher. Bac near $15. Look at goog. almost made back its whole $53 pt lose.Looks like 1700 es in the bag.By the fall i'd be shocked not to see a 15% fall back
 
Quote from rroverx:

if we get a 300 point day in the DOW soon...... toast.
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Considering how low volatility has been lately in either direction, I wouldn't be surprised to see a day like that soon.
 
Quote from hitchslap:

We might get that tomorrow for 'Tday'.
A decent rally taking us well into the 1700's
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I look forward to it and am positioning accordingly. A short squeeze pop 300 point day and then it looks great from there (or not great, depending on if you are a bull/bear).

When the only thing moving us higher is squeezing shorts, the moves can be violent but the patient is dying IMO
 
Quote from rroverx:

I look forward to it and am positioning accordingly. A short squeeze pop 300 point day and then it looks great from there (or not great, depending on if you are a bull/bear).

When the only thing moving us higher is squeezing shorts, the moves can be violent but the patient is dying IMO
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The patient is not dying, it is already dead. Life support keeps a heart pumping but once you take it off, reality sets in. Could take another 2 years, death by a thousands cuts. I guess Ben thinks that is less painful then pulling the plug.

In my opinion, the longer it goes on the more painful correction will be.
 
+ SLD 1 ES AUG 02 '13 + 1750 Call - 1700 Put - 1700 Call + 1650 Put Combo -22.50

out from -25.25 in my favor.. held two

+2.75 * 50 multiplier


I don't really prescribe to either school at this level.. sure its going to move, and when it does i don't wanna be neutral to 1700
 
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