ES Journal Archive (2006 - 2008)

[futuman]

This cat isn't so dead after all

 

[thomfergu]

take a look at volume on daily chart

 

[smilingsynic]

Quote from smilingsynic:

Yes, I considered short gamma, but passed because VIX is now extended to the downside (significantly under short-term average); and, consequently, if I am right, the vega will pick up on the puts.

I bot some at 50% retracement (1499.50). Simply put, I prefer options for intermediate-term moves (2-5 days); I prefer using the futures for daytrading.

Sold puts after weak pullback from breakout (ES was at 1503).

 

[smilingsynic]

R2 is 1513.33.

 

[mbusch]

Quote from smilingsynic:

R2 is 1513.33.

Several fibs also in 1513-1514 area.

For some reason, my R2 is 1515.17. Must be alternative ways of calculating.

 

[PitchBlack]

Strong trends always go much further than expected.
They even become stronger thanks to the fact that many traders have to close their losing positions by taking action in favor of the trend. They add power to the momentum of the trend.

And often the trend ends when everybody is shaken out of their losing positions.

 

[kinggyppo]

Quote from kinggyppo:

Here is a chart updated from a few days ago. Daily chart with keltner set to 20, 2 standard deviations. Anyone know what the probability we see $1490.00?. First target $1512.00.

Getting close.

 

[mbusch]

Quote from spike500:

Strong trends always go much further than expected.

That seems like something of an oxymoron. When they go much further than expected, we call them "strong trends." When they don't, we don't. How else would you measure the "strength" of a trend then by how far its momentum propels it ... and how many S/R zones it slices through on the way?

 

[vertigo3]

somebody flipped a switch, look at the VIX

 

[kinggyppo]

$1460.00 looks like a good spot to be long from. Remember on the way down lots of resistance around this area, $1490.00-$1515.00.