ES Journal - 2014

gmst · Aug 1, 2014

Buy buy buy ....this is a good point to buy for 20-25 points.

johnny_utah · Aug 1, 2014

20 point swing off the premarket lows then 10 pt pullback... major book cleaning by the the BIG BOYZ

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johnny_utah · Aug 1, 2014

johnny_utah said:
Agreed... Even though this market may want to go lower, it usually doesn't go down in a straight line. They will tend to run it up first to squeeze out the weak shorts.

Maybe pink and Un-CoolHand will get a second chance to get out at b/e

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gmst · Aug 1, 2014

johnny_utah said:
20 point swing off the premarket lows then 10 pt pullback... major book cleaning by the the BIG BOYZ .

That was basically stop run 1910 point touch during overnight. A lot of stops would have got hit. After NFP, markets bounced but then this is regular trading.

However, I think we are going to bounce 20 points from here....and this is a great place to buy.

gmst · Aug 1, 2014

johnny_utah said:
Maybe pink and Un-CoolHand will get a second chance to get out at b/e .

I have my 2nd add at 1940 in my paper journal, I will also get a chance to get out at even at least on my 2nd add.

iloveoptions · Aug 1, 2014

gmst said:
Overnight puke was tough.

Did you stop yourself out or still have long position.

We are standing at weekly low, so if you still have your trade or want to enter long again and take your trade next week, high probability that next week will see 1935-1940.

We can't have 2 weeks consecutively down without any meaningful bounce. Argentina default doesn't seem too bad.

gmst,

Hope all is well with you. The position has been liquidated for -19 points. The year is still young, so I'll get it back and then some. The puke definitely was overreaching. Looking forward to the next trade.

johnny_utah · Aug 1, 2014

iloveoptions said:
gmst,

Hope all is well with you. The position has been liquidated for -19 points. The year is still young, so I'll get it back and then some. The puke definitely was overreaching. Looking forward to the next trade.

Sorry to hear dude, but at least you're still in the game

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gmst · Aug 1, 2014

iloveoptions said:
gmst,

Hope all is well with you. The position has been liquidated for -19 points. The year is still young, so I'll get it back and then some. The puke definitely was overreaching. Looking forward to the next trade.

Cheers buddy! I am sure you will make it back and much much more.

If I can be a little egotistical and guru like, may I suggest you to please buy a little here based on my recommendation

And sell on 10-15 point bounce.

istoptime · Aug 1, 2014

short 3 at 21.25......may add 2.

johnny_utah · Aug 1, 2014

gmst said:
Cheers buddy! I am sure you will make it back and much much more.

If I can be a little egotistical and guru like, may I suggest you to please buy a little here based on my recommendation

And sell on 10-15 point bounce.

Seems like the liftoff has started... Nice bull bar at 11:20. Need to clear 1922 first.