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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Hrm. No reaction to Syria on $VIX. My thoughts are Syria is a non-issue now. ES goes higher, IMO.
(Still long from Aug 27th, from 1638)
(Still long from Aug 27th, from 1638)
Quote from CahaTrader:
Hrm. No reaction to Syria on $VIX. My thoughts are Syria is a non-issue now. ES goes higher, IMO.
(Still long from Aug 27th, from 1638)
Yes I think that was just an excuse for the algo at 52.25 to set of a tick storm in pursuit of the VWAP to fill orders. But they never printed 47.
Does anyone have the cash VWAP? Was it closer to ES 49 or 50?
Lojanica 08-28-13 05:24 PM
Hi all......Pain trade is up..... Covered this am on the fake out down.
That was a good call. My reason for not following through for the entire week was the syrian wildcard on a long holiday weekend. For those who did hold longs through the weekend and today congrats. I closed a small long at the close today but no real money involved. My big shorts are/have been hedged to neutral since the 27th. Gonna unwind the hedge at some point but honestly just like May, Sept. could rout shorts and when they're all fried out then boom Late Sept/early October could be the sell-off.
Day by day.
Hi all......Pain trade is up..... Covered this am on the fake out down.
That was a good call. My reason for not following through for the entire week was the syrian wildcard on a long holiday weekend. For those who did hold longs through the weekend and today congrats. I closed a small long at the close today but no real money involved. My big shorts are/have been hedged to neutral since the 27th. Gonna unwind the hedge at some point but honestly just like May, Sept. could rout shorts and when they're all fried out then boom Late Sept/early October could be the sell-off.
Day by day.
Quote from pinkman:
Do any of you look at intermarket divergences?
Say the ES is making lower lows, but the NQ is holding steady and making higher lows.
I think in that situation, most people would look at buying the ES. But why, though? (assuming i'm right)
Why not short the NQ based on the fact that the ES is going down instead?
I can't see a logical method when watching these divergences.
If u believe the 2 are correlated buy es sell nq. Not as sexy but arb is not supposed to be.