ES Journal - 2019/2020

[Overnight]

B1 is now making snarky comments. He used to ignore the noise and stay focused. Even He has succumbed to the dark side..

He always held himself above the fray...till now. sadly.

Did it ever occur to you that perhaps he's just being cheeky with another member who has been around as long as he has? You do not know their history, you don't understand the context.

Assuming you really have only been here for 3 days (Which at this point I suspect is false...Prolly an old member using an alias now so they can post without affecting their original handle reputation,) then why don't you take the time to continue reading the gazillions of threads on the forum and get the CONTEXT of everything, all the ins-and-outs, etc?

 

[Pekelo]

Is it your view then that the cash BB is more important than the futures BB?

Sure. But there shouldn't be such a huge difference between those 2. I really expected more of down, like visiting the SMA line on the daily (2540ish), but no, this is all we got. That is why I am thinking this bull is stronger than it looks, just proceeds a bit slower than we got used to with this high volitility.

I am just reporting what I see, trying to have no bias...

 

[mastacoli71]

If you are into trading patterns, this rally from the low in Dec could be a rising wedge on the daily chart. This type of patten is normally considered bearish and when it breaks below the support line, watch out below.

 

[FriskyCat]

If you are into trading patterns, this rally from the low in Dec could be a rising wedge on the daily chart. This type of patten is normally considered bearish and when it breaks below the support line, watch out below.

This is true. I've seen this movie before though and the widely anticipated areas where everyone is chomping on the bit to get back to shorting or do whatever turn into these major cluster****'s. It looked like that early afternoon break with the compressed vix and bonds turning had potential, but nope right back to the high's. It's going to test everyone's patience.

 

[Gotcha]

Nikkei will pop 60-80 at the open and close negative. Say, -120 on the day. Our index markets to close lower tomorrow.

Just for completeness sake, this call did not end up working out since the market closed higher today. I know you took off half of your NQ position as you stated for a nice profit, but no mention of the second half, or the fact that the indexes all closed up. Now don't get me wrong, I appreciate your posts and your nicely positive blotter, and you of course had lots of other positions on, but I just wanted to follow up on this call for completeness.

 

[Laissez Faire]

...but I just wanted to follow up on this call for completeness.

It's a common pattern with this member (and also some others). On the prior journal there were some really bad ones. I called him out on one of them in a respectful manner and he responded by blocking me (yet he still reads my posts). So, be prepared for that...

 

[destriero]

Just for completeness sake, this call did not end up working out since the market closed higher today. I know you took off half of your NQ position as you stated for a nice profit, but no mention of the second half, or the fact that the indexes all closed up. Now don't get me wrong, I appreciate your posts and your nicely positive blotter, and you of course had lots of other positions on, but I just wanted to follow up on this call for completeness.

I made the call on Wed. Yeah, I could have simply posted the cover at 65 or whatever, but I spent the day covering the vol while long the futures hedge. In effect, I was nearly flat from that overnight post, which allowed me to casually cover the vol. I had bought half of my deltas in NQ, but the diagonals performed far better than expected.

The diagonals were ideal. Bump in vol and vanna.

I went short delta in NDX options, SPX, GOOGL, AAPL within minutes of a touch of ES 95. I hedged roughly half the deltas with NQ and let the rest run through the close. I had bear diagonals and flies in NDX, but the futures gains were greater than the gains on vol.

It’s not a dodge, but it wouldn’t be practical to go into detail on each product.

Further, the diagonals produced on vol and delta when retaking 6600 cash.

I called Nikkei to the dollar. The call was fucking perfect. I should have been bigger.

 

[Gotcha]

It's a common pattern with this member (and also some others). On the prior journal there were some really bad ones. I called him out on one of them in a respectful manner and he responded by blocking me (yet he still reads my posts). So, be prepared for that...

Nah, @destriero is a good guy in my books. I know he likes to go on the attack, but rightfully so.

There was another post maybe a month or two ago where he also made a call, and it didn't end up well, and he did show about a -2% loss for the account on that day.

He might get pissed off easily, but I think when it comes to accountability and transparency, he does his due diligence.

 

[Gotcha]

I made the call on Wed. Yeah, I could have simply posted the cover at 65 or whatever, but I spent the day covering the vol while long the futures hedge. In effect, I was fully hedged from that overnight post, which allowed me to casually cover the vol.

The diagonals were ideal. Bump in vol and vanna.

I went short delta in NDX options, SPX, GOOGL, AAPL within minutes of a touch of ES 95. I hedged roughly half the deltas with NQ and let the rest run through the close. I had bear diagonals and flies in NDX, but the futures gains were greater than the gains on vol.

It’s not a dodge, but it wouldn’t be practical to go into detail on each product.

Further, the diagonals produced on vol and delta when retaking 6600 cash.

I called Nikkei to the dollar. The call was fucking perfect. I should have been bigger.

Well, I know your positions are often very complex, which is why most of them go over my head, but the specific ones where you trade the index outright I can follow.

I'm not sure though how you can conclude the call was perfect when the indexes did in fact close higher than the previous day. Don't get me wrong, I don't doubt that you made money, but, unless I'm misunderstanding it, you said the close for the index, (ES, NQ) would be lower today than the close yesterday. This is what I thought the call was.

 

[destriero]

Well, I know your positions are often very complex, which is why most of them go over my head, but the specific ones where you trade the index outright I can follow.

I'm not sure though how you can conclude the call was perfect when the indexes did in fact close higher than the previous day. Don't get me wrong, I don't doubt that you made money, but, unless I'm misunderstanding it, you said the close for the index, (ES, NQ) would be lower today than the close yesterday. This is what I thought the call was.

I am referring to the Nikkei call (perfect).

Yeah, I expected more follow through but the recovery essentially doubled the day’s gains as my futures long overran my delta (modality). Better to be lucky than smart.

The gains were made when I hedged in NQ. The NQ hedge post superseded everything, but you can choose to ignore that.

NDX traded 83 lower and closed up 20. You can’t make money on 83 points?

You want to split hairs, that’s cool. I post calls and blotters simply to fvck with you degens. Post your run and we can discuss your take on the day.

Thanks for your support.