ES Journal - 2014

trickshot · Oct 17, 2014

iloveoptions said:
But Pinkman took 140 point heat, hahaha.

Yeah but I don't think anyone should try to replicate his style, but I know what you mean.

iloveoptions · Oct 17, 2014

I was ready to throw in the towel if we actually traded and closed below 1800.

EsKiller · Oct 17, 2014

trickshot said:
None of the previous pull backs made an attempt to register a lower low, all of them went straight up in a grindy fashion after the pullback so I wouldn't be surprised if this goes straight back up above 1900 by next week.

Look at the way the VIX crashed today, its an ominous sign for the bears.

Yes, I noticed that. Although, if you watch how pullbacks react after a strong down move, sometimes volatility tends to contract as it reaches the pullback peak high....primarily due to demand exhaustion. This is why we need to watch for 1890-1905 and see how we react.

iloveoptions · Oct 17, 2014

iloveoptions said:
ASking 1885 to reduce 80% of my position, leaving one left - GTC.

I'm thankful that the huge load on my shoulder is off now. Now I'm comfortable of adding on any meaningful dips.

Trvlwanderer · Oct 17, 2014

There will NEVER be a reason for the FED to ease. This is symptomatic of bureaucracy, government, and politics. It can NEVER end... and the ramifications are not taken seriously enough to drive easing.

volente_00 · Oct 17, 2014

EsKiller said:
Yes, I noticed that. Although, if you watch how pullbacks react after a strong down move, sometimes volatility tends to contract as it reaches the pullback peak high....primarily due to demand exhaustion. This is why we need to watch for 1890-1905 and see how we react.

88-91 containment supports a move down to around 65

Aj2014 · Oct 17, 2014

Aj2014 said:
SS 1880

add 1890 (average = 1885)

bigsnack · Oct 17, 2014

Aj2014 said:
add 1890 (average = 1885)

Nice add, but the vibe of the price action has indicated a bullish trend day since about 7:00. Good luck!

Aj2014 · Oct 17, 2014

Aj2014 said:
add 1890 (average = 1885)

out here at 1874 for +11

AdrianHagh81 · Oct 19, 2014

Aj2014 said:
I think he's calling you an 'uncle Tom'

ive correctly predicted the two dips during thursday es rally. after a demeaning comment torwards my trades, i think a little gloating was appropriate.