ES Journal Archive (2006 - 2008)

[blaster1]

Sorry for cluttering this journal with my usual 1 tick posts.

 

[blaster1]

Short 05.25, stop 06.25.

Edit: out 04.50 +.75

 

[blaster1]

Short 06.75, stop 08.25 (r 10).

Edit: covered 05.75 +1

 

[iloveoptions]

Short at 1407 , and adding some more at 1409.5, with a stop at 1410.75

 

[smilingsynic]

There is still the overnight gap to be filled at 08.75. That would appear to be the near-term target for longs.

 

[Pekelo]

Cash gap got filled. Also rule of 10 short signal...

 

[iloveoptions]

Quote from smilingsynic:

There is still the overnight gap to be filled at 08.75. That would appear to be the near-term target for longs.

I hope it exceeds that slightly, so I can get filled with some more at 1409.5

 

[smilingsynic]

Quote from Pekelo:

Cash gap got filled. Also rule of 10 short signal...

SPX closed yesterday at 1407.17; today's high is 1407.01, so far.



EDIT--now cash is filled. Then again, I don't trade cash.
EDIT: ES hit 1408--that's close enough to a filled gap to me.

 

[iloveoptions]

Quote from iloveoptions:

Short at 1407 , and adding some more at 1409.5, with a stop at 1410.75

Targeting 1402.00 as my exit.

 

[Pekelo]

Quote from smilingsynic:

SPX closed yesterday at 1407.17; today's high is 1407.01, so far.

But seriously....

Anyway, my point is that the cash gap is more important than the future gap. Today is a good example, the future gap was left open by 2 points, although the cash got filled....

Rule of 10 short in the money by 2 points, stop loss can be moved lower to breakeven...

Edit: I would take the 2.5 points here because I expect a bounce...

Edit: ...and bounce it did.