ES Journal - 2019/2020

Status
Not open for further replies.
Huyang said:
then i added 2m and 1m; watching three together, trying to sense how a 5m bar forms from 1m and 2m bars ( seems easier to sense the flow of the market).
More...

A number of years ago I did spend a good bit of time trading the NQ using 1 minute charts. It is difficult now - impossible, really - for me to say whether the use of the 1 minute helped me or hindered me. When I started I was using the 5 minute only, and then after I traded the NQ using 1 minute charts for a while I went back to the 5 minute. I believe most of what I was able to learn has come from observing the 5 minute though, I really do. Sub-5 minute charts I think a lot of would be traders get lost counting weeds and miss the landscape around them.

Best of luck to you and I hope you achieve what you believe it is you want to achieve.
 
SPYgrain said:
Have you made any live SPY option trades (buying not writing)- you said studying - would love to know your opinion..I imagine you could have quite a month using these / compared to ES..
More...

Mostly looking at SPX options though I have done some SPY options trades as well (mostly debit and credit spreads and mostly last summer).

I've been doing the option trades as a small side operation in an equities account I keep at ToS. I just transferred $25K from my bank this morning to fund a separate ToS account that I'm going to dedicate to options. The funds won't clear until late next week for options though so the week of the 25th I'll be able to trade it.

SPYgrain said:
are you studying the SPY weekly options?
More...

I have used the monthlies for some swing trades and I trade all weeklies and non-standards as well. I trade them like I trade the ES and I am not going to pretend I know what I'm doing - but I am a learn by doing guy. I have done a few basic spread trades, and I know guys like @destriero kill it using more complex strategies. So I am studying options to get a better understanding of how they are priced, how one can use multiple options combined, etc.

But brother, I am a basic, plain vanilla, directional player right now. My opinion isn't worth much when it comes to options. I reached out to ocho and he said his book was for beginners and advanced beginners - and when it comes to options, that is where I see myself.

At the same time that won't keep me from trading them because that is how to learn this business, imo. If you never get out of the starter's blocks you'll never pass "go" much less reach the finish line.
 
I am not a news trader and I trade whatever the price action tells me the market is going to do. But the set up I am looking at for the SPX which was very bullish and may still fire and come to fruition has a catalyst that can change the market in a heart beat as Trump decided that it made sense to escalate a trade war in the middle of a pandemic:

https://www.cnbc.com/2020/05/15/us-...ut-huawei-off-from-global-chip-suppliers.html

I do not believe the market was pricing anything like that in to the rally off the panic low.
 
Status
Not open for further replies.
Back
Top