ES Journal - 2019/2020

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SPYgrain said:
B1, what is the basis for 'bear mode' or is this proprietary? maybe I'm crazy, but see higher highs/lows on daily, 60m, 15m charts..now if it fails to take out last Wed high this week, might be time to consider a correction.
thanks..
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B1S2's RSI & BB's indicated overbought, therefore the immediate and logical deduction is price can go no higher, only lower, therefore sell/go short.
Because these are his predominant indicators to use as a trading plan, it follows that one must trade these signals.
What most don't understand is that RSI & BB have X-ray type qualities, they can see things no human eye can see, no matter that price and trend are rising.
 
The originators of all indicators stipulate they are not gospel and not standalone buy/sell signals.
However the elites of trading know this is rubbish.
 
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Has anyone tried a calendar straddle week before earnings and closing the position right before earnings? I've been trying to exploit the IV jump as well as the theta decay of the front month. I know gamma risk can be a problem. I've had some success in doing this. Just wondering if anyone has done so as well. Risk is defined. I just put one on today for an earnings play of AAPL before the close.

Sell AAPL straddle APR 26 @ 205 for a credit of $3.62
Buy AAPL starddle MAY 3 @ 205 for debit of $10.40

AAPL will be reporting earnings AMC on Apr 30. The idea is for the front to decay and the long straddle MAY 3 should maintain its value with the IV jump heading in to earnings. This play is only to take advantage of The front APR 26. Will close this position on Friday before close Apr 26. Appreciate any comments or suggestions on this play.
 
NQurious said:
I was filled 10:18 and change ... anyone here could have matched my entry up until about 10:26 ... so WTF is wrong with you?
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is wrong you post no proof. when you say you entry, price no go lower then 4.25. do you proof to show you entry?

you sound same as dbphoenix. he also show no proof. yet he say he win over 80%. where is straight line on chart? :D

you good at show chart at end. when you know end. why not show proof entry from broker? with no proof you just talk talk talk.
 
yoshiy said:
is wrong you post no proof. when you say you entry, price no go lower then 4.25. do you proof to show you entry?

you sound same as dbphoenix. he also show no proof. yet he say he win over 80%. where is straight line on chart? :D

you good at show chart at end. when you know end. why not show proof entry from broker? with no proof you just talk talk talk.
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Does he owe anyone any of the things you ask for?

If you watch the market in real time and subscribe to this thread... You will quicly realize that he knows what he is talking about.
 
yoshiy said:
is wrong you post no proof. when you say you entry, price no go lower then 4.25. do you proof to show you entry?

you sound same as dbphoenix. he also show no proof. yet he say he win over 80%. where is straight line on chart? :D

you good at show chart at end. when you know end. why not show proof entry from broker? with no proof you just talk talk talk.
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EsFocus/Rocketman/Porge et al---please make positive contributory postings only.
 
Br1828 said:
Has anyone tried a calendar straddle week before earnings and closing the position right before earnings? I've been trying to exploit the IV jump as well as the theta decay of the front month. I know gamma risk can be a problem. I've had some success in doing this. Just wondering if anyone has done so as well. Risk is defined. I just put one on today for an earnings play of AAPL before the close.

Sell AAPL straddle APR 26 @ 205 for a credit of $3.62
Buy AAPL starddle MAY 3 @ 205 for debit of $10.40

AAPL will be reporting earnings AMC on Apr 30. The idea is for the front to decay and the long straddle MAY 3 should maintain its value with the IV jump heading in to earnings. This play is only to take advantage of The front APR 26. Will close this position on Friday before close Apr 26. Appreciate any comments or suggestions on this play.
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ok, did you know that a one lot calendar straddle is simply a two lot put (or) call calendar?
 
destriero said:
ok, did you know that a one lot calendar straddle is simply a two lot put (or) call calendar?
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No I didn't. I just ran the numbers. You are absolutely right. :)

Are you suggesting that I should buy either 2 lot of either the put or call calendar with more of a directional bias?
 
Br1828 said:
No I didn't. I just ran the numbers. You are absolutely right. :)

Are you suggesting that I should buy either 2 lot of either the put or call calendar with more of a directional bias?
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No, I'm suggesting that the put and call calendar are equivalent. In terms of greek exposure it makes sense to trade the straddles if you're legging into the positions, but realize that you're doubling your exposure with each calendar straddle.
 
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