ES Journal - 2016

Buy1Sell2 · Apr 29, 2016

Stopped out for loss of 30.5 pts

trickshot · Apr 29, 2016

1800 is a long way down from current levels. Pity the people who got suckered into buying SPX 2100 yet again.

Iron.Maiden · Apr 29, 2016

Buy1Sell2 said:
Stopped out for loss of 30.5 pts

Just like you flipped from short to long when you thought it was up I'm surprised you did not redo it yesterday afternoon when it showed its true colors.

Sorry about your losing trade, part of the trading business.

Handle123 · Apr 29, 2016

Buy1Sell2 said:
Stopped out for loss of 30.5 pts

Am sorry you had this loss, have to ever tried hedging? I do everything beyond five minute timeframe is hedged in futures and stocks.

I Know You · Apr 29, 2016

der_kommissar · Apr 29, 2016

And AAPL has retraced the entire move from 92 to 112.

I Know You · Apr 29, 2016

der_kommissar said:
And AAPL has retraced the entire move from 92 to 112.

Icahn sold all his AAPL shares.

der_kommissar · Apr 29, 2016

I'd be curious to see how often one would find major downside moves in equities with Gold going parabolic...Clearly last August was precipitated by some very sharp downside movement in dollar/yen...

I Know You · Apr 29, 2016

der_kommissar said:
I'd be curious to see how often one would find major downside moves in equities with Gold going parabolic...Clearly last August was precipitated by some very sharp downside movement in dollar/yen...

My gut/experience both tell me that irrespective of this shit circus equities are finished, substantial decline is near.

der_kommissar · Apr 29, 2016

I Know You said:
My gut/experience both tell me that irrespective of this shit circus equities are finished, substantial decline is near.

We're in agreement...I believe that if this were a true bull move there would have been more time spent in "back and fill" and real pullbacks...This feels like the move from 2/11-4/20 was fueled by forced short covers (just like last Oct-Nov)...same structure, same squeeze.