ES Journal Archive (2006 - 2008)

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day trade

long 1411.50

initial stop 1395.25 no target
Stopped raised to 1413.50


I believe I will just hold here with the same stop as it is in the black.
 
Quote from Buy1Sell2:

day trade

long 1411.50

initial stop 1395.25 no target
Stopped raised to 1413.50


I believe I will just hold here with the same stop as it is in the black.
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Nice trade b1s2. I forgot who it was, but someone said yesterday that "there's a high probability for the SP to see 1402 between yesterday and tomorrow" :D Well, I guess it might still happen.
 
Quote from volente_00:

Today was the third day of the move.
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Hmm! Maybe Tuesday didn't count and the puking won't start until everyone has switched sides.

The sentiment certainly seems to be a changin'

Any new thoughts?
 
not defending vol,just saying if you have nothing constructive to add, don't post, let's see,2 posts,probably another alias for the astute guy who craps on all the threads,cold
 
Here's my thought. We are at about the 50% retrace from the Oct 07 highs to the Mar 08 lows. The last leg up today was a volatile grind. Not the characteristic smart money looking charge. Overall bias is still bearish until proven otherwise.
 
Quote from iloveoptions:

Purchased 2 more puts - one at 11 and the other at 8.5 . I'm gonna hold on to them till tomorrow . Because I owned several May 1400 Calls from last week (sorry, I don't have a screen shot to show the purchase date for those), they helped cushion the current 3.5 point drawdown on those puts. Average price now is at 11.84 for the puts.
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Do these May futures puts and calls expire tomorrow?

OldTrader
 
Quote from ammo:

not defending vol,just saying if you have nothing constructive to add, don't post, let's see,2 posts,probably another alias for the astute guy who craps on all the threads,cold
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It was an honest question

and why weren't you defending vol, he's contributed more...

never mind, I'm getting suched into this
 
Quote from OldTrader:

Do these May futures puts and calls expire tomorrow?

OldTrader
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Yes they do. Exiting them tomorrow could get tricky as I've seen many times the bid/ ask just vanish. So, I'll be crossing my fingers. But I'm hopeful that someone will take them off my hands. Breakeven on them is at 1418.5 s&p equivalent.
 
Short 1421.50 on weakness on the hourly charts
only 1 contract and no hard stop with options expiration tomorrow. Will be watching 1430 to stop myself out if it gets there. Target is 1402
 

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