ES Journal Archive (2006 - 2008)

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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.



WTF ? All that running of your mouth and you got steamrolled today by the T day theory on your puts and you want to pull some after the fact calls to your rescue to save face ? As b1 stated, all posts must be in real time or do not post at all.
 
Quote from volente_00:

WTF ? All that running of your mouth and you got steamrolled today by the T day theory on your puts and you want to pull some after the fact calls to your rescue to save face ? As b1 stated, all posts must be in real time or do not post at all.

Oh god, not the t-day theory again. Pleeeeease. Keep your theories to yourself "guru" and for once, put on some REAL trades. You're still looking for 1402 tomorrow - with a high prob??? 'cause b1s2 may not like it.
 
Quote from riaamaan:

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.

You are on to something. Review page 5700 in this thread.
 
Quote from wareco:

So, who is Tarek Katbi of Delphos, Ohio? That's who was logged in when I clicked on the link. Volente, is that you? :D



I don't know but if you see him , tell him I am impressed with his equity graph but what is causing the current 50% 870k drawdown on one trade on a 1.6 mil account ?
 
Quote from volente_00:

I don't know but if you see him , tell him I am impressed with his equity graph but what is causing the current 50% 870k drawdown on one trade on a 1.6 mil account ?

Lol, sometimes, I don't even know who Tarek is. I can be wild and volatile as the market, and sometimes I'm loving and gentle as a panda bear. In fact, they should've called me Tarek the Volatile. I'm just an ordinary guy with an extraordinary passion about trading the markets, the Tarek's way. I've been engaged in self-discovery and deep research in the science of chaotic volatility (oscillating, volatile and non-linear market movements) for the last 5 years. But I give a lot of the credit for my persistent drive to my parents, W. Clement Stone and Napoleon Hill. You can get their books on Amazon.

The equity graph is down 38.25% not 50% and it is over 6 trades, not one. Nevertheless, it has been a rather slow year thus far. We'll see what happens in the coming months. My ultimate goal is to one day in my life achieve > 7500% (documented with real money) in a period of one year without using excessive leverage. It's going to require the right conditions to achieve that lofty goal of course. But unless you try, you wouldn't know. If the market wizards can do it, I guess any one can. Peace.
 
Quote from iloveoptions:

Oh god, not the t-day theory again. Pleeeeease. Keep your theories to yourself "guru" and for once, put on some REAL trades. You're still looking for 1402 tomorrow - with a high prob??? 'cause b1s2 may not like it.


What's your agenda here? I am going to ask you to stop this nonsense. You arrive on this thread and start throwing your weight around, let's see you sharing your system. Volente has been around long time and his contributions are appreciated by many, perhaps not your cup of tea, why not place him ignore?
You may not agree with his rule of 10 or T day theory, fine, move on. No one is forcing the issue upon you.

As for 1402. pull up your chart and tell me what you see? I was short on Wednesday and stayed short partly becasue I happen to see Volente's comment earlier more importantly, volume was on my side.

Peace :)
 
This was very nice intuitive trade. When you posted market really looked like death dog on the road but somehow recovered. I am just curious if today you still think is reason taking new long positions /I know for your actual you will wait until stopped or up to the EOD/.

Quote from Buy1Sell2:

Just getting in position as you say. I'm probably wrong.
I gave it a wide berth due to yesterday's sharp sell off.
 
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.
Stop raised to 1418.50
 
Quote from Pholeuon:

This was very nice intuitive trade. When you posted market really looked like death dog on the road but somehow recovered. I am just curious if today you still think is reason taking new long positions /I know for your actual you will wait until stopped or up to the EOD/.

I am just going to hold as opposed to take new longs here because I am extended as far as my risk rules allow. If I didn't have any positions on, I would wait for a better consolidation set up before getting long. Just my opinion--of course in waiting for the perfect setup, the market can always take off without you. :)
 
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