ES Journal Archive (2006 - 2008)

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30 min IVB broken to upside at 89.50......looking like a buy signal.

edit.....tough part is placing a tight trailer from 89.50 break....at even has good shot of geting hit.
 
What I am seeing (big picture):

Inside day.

Inside day = consolidation = probable continuation of current trend.

That said, there have been several days in a row of lower highs, and strong trends with little retracement tend to create V-shaped bottoms.

That seems to be the most likely scenario right now: a total washout, with margin selling upon margin selling (Google anyone?), and finally, when there are no more sellers, a V-bottom in which handles come in a blink of an eye.

We're not there yet.

The only trading I am doing in the S&P is verticals. Buying otm puts on rises, and selling atm/slightly otm puts on declines.

The best intraday trading of futures right now imo can be found not in the ES, but in the 10-year. The headfakes in the ES are always there, but there seem to be many more these days.
 
taking out a quarter here at 1300... initial target

+16

leaving last unit with be stop.... maybe 1330 if I can get it out of it.

thanks BB
 
Quote from CPTrader:

Go Atticus!

Gutsy trades...wishing you very profitable exits.
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Thanks, ok so far. These are net index deltas, but mostly street vol in XLF, AAPL, etc.
 
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