ES Journal Archive (2006 - 2008)

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Quote from kinggyppo:

By the way this is the same reason Apex and wave aren't around here too often. Why get abused when you are trying to help someone out. Little rally underway. :)

wave isn't here because his shorts are hurting. he is probably right on the target, but the time frame is 2 months away.
 
Is wave the one who wanted to charge people?

Quote from Prevail:

wave isn't here because his shorts are hurting. he is probably right on the target, but the time frame is 2 months away.
 
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
Stopped as you all know
Still holding the positional long trade of 2 units
 
Quote from Buy1Sell2:

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
Stopped as you all know
Still holding the positional long trade of 2 units
Nice trade, called every step of the way also. Thanks
 
Ah, wonderful, back to trading.
Quote from iloveoptions:

Well, I was hoping to see the spoos touch 1412 -1409 by midday, but the most I could get out of it is 1414.75 (for now). so I dumped 2 of my puts that I purchased yest.
So you're using basic chart reading and TA to make your options trades?

And you're using options because they give you the ability to hold overnight with much less risk exposure than the straight-out futures?

and added six 1410 Call options with an average price on those at 9.78.
No idea what this is.

How could you add a 1410 Call Option when the market only traded down to 1414.75? Yes, they're automatically in-the-money, but why go with them instead of a stragith at-the-money option?
I also bought one 1420 call. Also in the last hour, I re-entered the 1430 puts by adding one more. I'm looking for the market to oscillate between 1425 and 1413 for today with a shot at new highs (perhaps). So I'm gonna try to play with the 1430 Puts and 1410 calls all day long. Here are my trades thus far.
Pretty good if you've got the skills to do it.

Would love to see what the money management looks like on this one.

Good trading.
 
As I mentioned before in this forum, since 2001, I've worked on developing a proprietary volatility trading model that looks at behavior, velocity, duration, and the size of price movements. I don't use TA or indicators. The only other chart I use in my research is the VIX. Everything else is homegrown.

I'm trading the May options for the reasons you've mentioned. Why pay $2250 or even $500 intra-day margins when you can pay slightly more for these options with good spreads and still go to the restroom without having to worry about your stops and account being blown out when you return 25 minutes later (sorry to say this, but my dumps sometimes take that long).

What do you mean how can I add to those 1410's? You're allowed to purchase any option strike during trading hours regardless what the futures price is saying.

Yes, it requires LOTS of skills. The wifey and the kids won't let me do it if they think otherwise. Anyhow, it's not perfect science and never will be. I do experience though lots of drawdowns that I'm quite aware of, comfortable with and most importantly, capable of overcoming. It's a must when you step in my shoes and it's part of my business plan. Peace.
 
i love options what you did today was pure ass gambling. you averaged all the way down and got lucky as hell we rebounded. if we stayed down you would have lost 3-4k and if we collapsed you would have lost 100% with options that expired today. you had no stop lose parameters in place and its a terrible way to trade. with that style you've had some big ass down days
 
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