ES Journal Archive (2006 - 2008)

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Quote from 2006:

Reversed long 12758 with uber tight stop. Small scalp.

Looking to reverse again after some upside. Don't see any big moves happening going into the close.
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Careful with YM short into the close.
12785-12800 = Feb 21 gap zone. HOD entered the zone and faded very meekly.
 
Quote from whoispaul:

B1S2, does your all in/all out strategy mean you dont ever add to a trade again until exit of your all-in size??
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This is how I intend to play it. Any additions would have to make sense to the 2 percent of total liquid net worth rule and the stop would have to be well outside the noise. In other words, the only possible way I would ever add is if I already had a very large profit in the trade. If there were any additions, the additional portion would be considered a new trade and would be allowed to run fully. Trailing stops would always be deferred to.
 
Quote from tiddlywinks:

Because 22% of the open position was result of rollover it seems correct to me to treat as one. The purchase of the 5 units was forced, which was one of 3 (forced) options.

Thanks for the reply
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Ok. I can go with that--it sounds fair.:)
 
Update on current long position:

22 units with roughly 39 unrealized points per contract in the black (as of this writing)--June 07 ES

5 units of realized loss in the March 07 ES at 39 points per contract.

I'll keep everyone up to date as we go further. :)
 
Quote from Brucelee:

I just do not know what is wrong with you people. I post Oscars emails when I get them and they look reasonably accurate when I look at my charts. Here is an email which I DID NOT post, he was on the money.

Short Term Trading
April 15, 2007, 11:05 pm EDT

Oscar at Futurestraders.com has sent 2 Daily OMNI(s)
TRADE DATE: 04/16/07
GO TO OSCAR'S OMNI PAGE NOW!
============================================================
S&P 500 & EMINI (ESM7) June 07

OMNI SUPPORT = 1461.70-1460.70

OMNI TURNS NEUTRAL IF BELOW 1456.00

OMNI PROFIT OBJ = 1472.00

OR BE EXIT BY THE CLOSE

Edit; I will not be posting anymore.
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His S & R levels tend to be pretty accurate. Why do you think he is giving these signals for free ? He says 1490 manana.
 
Quote from volente_00:

His S & R levels tend to be pretty accurate. Why do you think he is giving these signals for free ? He says 1490 manana.
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Altruism? 8)

I haven't figured that one out either. He seems like he derives satisfaction from what he does. I doubt he needs the money. Maybe he's looking for a gig with a hedge fund or some other trading group.
 
Quote from riaamaan:

Altruism? 8)

I haven't figured that one out either. He seems like he derives satisfaction from what he does. I doubt he needs the money. Maybe he's looking for a gig with a hedge fund or some other trading group.
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Say what you want you gotta like this guy's enthusiasm!:p
He probably wants your poker money!!
 
Quote from apex82:

Stopped out for a equity dip of 3.5pts. Reentered short at 1472 stop 1.5pts
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Another losing day on the ES and winning day on the er2. That was a gorgeous trade, it only takes one trade like that to make your monthly goal. I usually get them about 60% of the time, but you would be well off making trades like that with a %5 win percentage. Therefore I am going to have losing days going for the homerun.

This market is showing some strength. It has negated any sort of corrective or wave 2 type pullback. The only bearish thing left is really a DT in a weekly resistance zone and we would have to see some serious selling fairly soon for that to come into play. At this point the market is overbought so I would be looking for a decent pullback before getting long.

As you know, I state this every option expiry week. Expect one of the biggest range days of the month on the tuesday and/or wednesday of options expiration week. We may have got it today... Its been a long, long time since I have seen a move like that on a monday.

Current support on ES coming in at
1469.75-1471

1466-1468.50

1461-1462

These are areas where I will be looking to get long tomorrow.
 
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