ES Journal Archive (2006 - 2008)

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Quote from volente_00:

You also have to understand it is just one of many trading tools and is not set in stone. On range expansion days you have to use the multiples. On the rare trend only days it will not work well at all and that is where discipline and risk management come into play. That being said, I'll be looking for a long around 1467 between tonight and tomorrow . i look for tomorrow to be a washout day, as they mostly are bottoms or tops for the week on option expiration week, and either short covering into friday or ben steps in and burns every short agains like in august. There was huge put action on 137 spy today. If that ends up as new open interest come tomorrow, I will even be more bullish.
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anyone check what 137 spy put interest is now versus yesterday ?

Nearly double in size from yesterday.


Does not bode well for a breakdown.
 
Quote from apex82:

offering 1901 on the nqh08... lets see if it can get up there

stop will be larger than normal about 8pts but target will be 25 pts+
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closing out now for -6pts i will wait for more clarity before reentering
 
Quote from apex82:

reentered short at 1905 on the pop
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just dont feel right aboutthis trade... taking half off here at 1902


with my size a bit smaller will able to trade it more effectively
 
Quote from apex82:

just dont feel right aboutthis trade... taking half off here at 1902


with my size a bit smaller will able to trade it more effectively
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ok taking out another unit here at 1888... this thing fell off a cliff

stop moved to BE... still short 25% of initial position.. looking to ride it to new lows if possible
 
Quote from kinggyppo:

long spy $137.48 stop LOD.
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possible double bottom on the daily chart. I am willing to pay to find out. Don't get me wrong I like surf he is a nice guy. The question you have to ask when you read someone else trading ideas is would you let them manage your hard earned money.
stopped out at $137.32.
 

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Buy1Sell2:

Still didn't answer my question. If your short from 1417 with a stop at 1517 (which is your stated 2% maximum loss) and we reach 1317 is that 2% gain for you a home run?

DMartin
 
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