ES Journal - 2017/2018

[Handle123]

I still think we just formed left shoulder of Head and Shoulders pattern, so much higher is possible. The 15% decline in corporate taxes really not kicked in yet.

 

[treeman]

Handle, You discuss hedging a lot, and I'm always a learner. I understand how and the concept, but there's a tax to do it. I'm curious to know how you see it advantageous over a simple stop. Or really, why not just by call's or puts straight up without the underlying? It's the same thing, isn't it?

 

[mastacoli71]

Well, I wouldn't call it much of a hedge at all unless it covers your entire loss on the recent loss?

It doesn’t cover entire loss. Only minimizes it.

 

[mastacoli71]

Daily could be forming a bear flag after breaking out of this Wedge.

 

[Buy1Sell2]

Mind saying what you're looking at? What's the obvious reason for being long?

It's always healthy to at least entertain two potential scenarios at any given point in time even if the other one is weighted far more probable...

ES is a market that is biased long. So, unless there is an obvious reason to be short, I remain long biased.

 

[Buy1Sell2]

I love overnight pullback. This is nice and healthy here at 2717 and should give us a nice foundation to build from.--Ishmael.

 

[manonfire]

If we gap up big vix will be at inflection point. The mechanism to suppress it any lower is broken. Can't have everything anymore.

Had to spike the vix to rally. Now back to overnight highs.

 

[Handle123]

S20.00
dump half at a one point
well SO rest with one tick.
market fast

 

[Handle123]

Do any of you wake up in middle of night with new idea and start testing it?

 

[Handle123]

S 21.00
dumped half at 4 ticks and out.
have had 21 signals in half hour all the same
love chop but horrible for trend moves