ES Journal - 2021/2022

donnap · May 6, 2021

Laissez Faire said:
My statistical model suggests a good chance we'll open below 50 today. So, I'm thinking maybe lower before higher, but if lower - should be a very nice buy.

You were wrong! But pretty damn close. Another good call.

Bought Monday's 4150P @ 12.25 earlier.

Hedging with a 2 lot MES so far.

Looking for a spread, but not a fly. Calendar or backspread will do.

donnap · May 6, 2021

Sold Friday's 4160P for 11.50, so long Monday 4150P, short Friday 4160P.

Less -43.75 on the MES hedge. Call it a point.

A little change in heart, directionally.

Zodiac4u · May 6, 2021

Buy1Sell2 said:
Long 4174.50 Initial stop 4098.00

Hourly is looking solid, the green line is yesterdays close price for the 1mn open,

wiesman02 · May 6, 2021

Now that everyone gave up on the bear case, they are going to dump this hard. I hope not, but wouldn’t be surprised to see this

Relentless · May 6, 2021

wiesman02 said:
Now that everyone gave up on the bear case, they are going to dump this hard. I hope not, but wouldn’t be surprised to see this

Figured you'd be happy to see some more vol return for trading purposes?

Or you just referring to retirement accounts?

wiesman02 · May 6, 2021

Relentless said:
Figured you'd be happy to see some more vol return for trading purposes?

Or you just referring to retirement accounts?

i meant for today. I was bearish on the overnight and this morning. Did pretty well but expected more follow through to downside. As we pushed up to 77, it seemed like bears lost the game for the day. I don’t expect any lows to get breached. Just jumpy PA

Laissez Faire · May 6, 2021

I think we print new ATHs tomorrow. I would guess 4215 / 4220.

As day traders - let's just hope we don't open with too big a gap.

chillibean · May 6, 2021

4250 next stop

Relentless · May 6, 2021

Laissez Faire said:
I think we print new ATHs tomorrow. I would guess 4215 / 4220.

As day traders - let's just hope we don't open with too big a gap.

I think you're right.

More curious to see what happens the rest of the session into the close as I believe those ATH will print early if at all tomorrow.

Laissez Faire · May 7, 2021

Relentless said:
I think you're right.

More curious to see what happens the rest of the session into the close as I believe those ATH will print early if at all tomorrow.

Could be a gap and grind higher into the close...