ES Journal - 2014

[iloveoptions]

Shorted 1974.25 light, adding a second bigger position at 1978.25, and another equal size at 1992, stop 2001.25 - Day.

 

[ammo]

add 60 25 sh to es, 56.75 avg
add 62 sh 4002 nq, 97 bid for a scalp add 08 nq add 65 5 es, add 13 nq
add 67..avg 61.6

add 74 75 75 avg 66

 

[redbox]

add 60 25 sh to es, 56.75 avg
add 62 sh 4002 nq, 97 bid for a scalp add 08 nq add 65 5 es, add 13 nq
add 67..avg 61.6

add 74 75

Hi Ammo,

Is this the same trade you were in earlier @61.6 that you are adding to?

Edit: Ok, thanks for adding that, so average @66 now.

Thanks

 

[pinkman]

Gotta love dem trannies!

 

[redbox]

This move up is looking quite extended now, must be due a retrace soon?

 

[wiesman02]

This move up is looking quite extended now, must be due a retrace soon?

What's so extended about it ? Just bc it has moved up since the open ?

 

[redbox]

What's so extended about it ? Just bc it has moved up since the open ?

It's moved straight up for the past three days. It's also retraced nearly all of the recent down move, from 1904 ish.

Thanks

 

[wiesman02]

It's moved straight up for the past three days. It's also retraced nearly all of the recent down move, from 1904 ish.

Thanks

Ok, but powerful moves like this always go up more than people think. That's how it gets fuel to continue on. People short it thinking it's extended and it keeps going up bc of that. No sense guessing until we get the confirmation!

Just my 2 cents

 

[pinkman]

Even the bears would likely agree that 2k+ is looking bloody good now!
Recovered the drop that got most excited with complete ease. Knocking on the door again now.

 

[Mr. Bacon]

It's moved straight up for the past three days. It's also retraced nearly all of the recent down move, from 1904 ish.

Thanks

Why is up three days in a row relevant? Sure, it retraced the dip, but before the dip the market was clearly wanting to go higher. What's changed now?

As always, do what the market tells you to do. Don't let personal bias interfere.