ES Journal - 2017/2018

[jamesblacktrader]

I think we could gap down another 50 handles tomorrow and then go down all day. Could be like a minus 80 handle day

 

[Buy1Sell2]

Bull flags are in vogue until lows are breached, then there are other patterns that can be looked at. This massive bull flag is ready to explode upwards. Recent low is 2632 cash. Once that is broken, then bull flag no longer exists and one must look at other patterns indicating continuation or reversal.

Volume is to be discarded as "too much information" and is too subjective to be of any value.

 

[FriskyCat]

I never understood this: If you are so efficient and profitable at daytrading, what the hell are you doing holding an under leveraged and often times losing position? What is the point of it?

Contradiction is a way of life for the guy.

Truth

 

[Pekelo]

Buy programs now kicking in.

Today has been a sideways day. Sure it is a 40 points wide range, but still a sideways movement.

 

[Buy1Sell2]

I never understood this: If you are so efficient and profitable at daytrading, what the hell are you doing holding an under leveraged and often times losing position? What is the point of it?

It's a long term position that guards against short positions that I take that may be un-profitable. I'll typically trade my swing trades as 4 times leverage.

 

[Buy1Sell2]

We will at least get to 2656 on this intraday run.

 

[Saltynuts]

I am expecting a sell off into Thanksgiving.

Well helluva a call mastacoli71!!!!

 

[Buy1Sell2]

Low of day now in.

 

[Pekelo]

It's a long term position that guards against short positions that I take that may be un-profitable. I'll typically trade my swing trades as 4 times leverage.

The explanation doesn't make sense because:

1. The leverages are different between the 2 positions. So not a complete hedge.
2. The time frames are different, thus one position isn't leveraged all the time, and that makes the whole exercise FUTILE.

3. Your hedge is losing money. Maybe you should stop hedging...

 

[Buy1Sell2]

The explanation doesn't make sense because:

1. The leverages are different between the 2 positions. So not a complete hedge.
2. The time frames are different, thus one position isn't leveraged all the time, and that makes the whole exercise FUTILE.

3. Your hedge is losing money. Maybe you should stop hedging...

Probably didn't explain it correctly. It's about the same as someone holding a 401k and trading also.