ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from gwac:

I love your work with options, it is giving me some good ideas.


Thanks
More...

You bet :) That's one of the reasons why I'm here, is to help people understand, embrace, and trade options as intelligently and effectively as possible by alleviating the fears about time decay. The other reason is that journaling is truly a new thing to me as I hate to type and I'm quite shy, but I'm learning how to interact with others who share my passion (trading) which will help me start my own journal right here on ET shortly.
 
Quote from iloveoptions:

You bet :) That's one of the reasons why I'm here, is to help people understand, embrace, and trade options as intelligently and effectively as possible by alleviating the fears about time decay. The other reason is that journaling is truly a new thing to me as I hate to type and I'm quite shy, but I'm learning how to interact with others who share my passion (trading) which will help me start my own journal right here on ET shortly.
More...


bravo my friend can't wait to read it
 
Quote from iloveoptions:

The day is young. :)
More...

I find it odd because usually if NQ printing close to double % drop vs ES in the morning, it is a safe bet to go short in ES for a new low by lunch ...

Yes we've got a new low, but it is just marginally lower ...

Just frustrated I guess!
 
Quote from Rtrader2525:

bravo my friend can't wait to read it
More...

Thanks for your support. Well, here's where I am right now. I have sold one more Put for 31 (from 15.1) and added one more 1430 Call at 6.75, plus opened a new position by purchasing one 1410 Call. I feel the downside from here is limited to 5 more points at the most, but the upside could go to 1423-26 today. We shall see.
 

Attachments

From a position trader's standpoint, basically today's trading has simply taken out the stops just below the low 2 days ago. At this point that is rather insignificant given that those stops were relatively close to the market and were an obvious place to have them. Of course, the action has caused all intraday charts to roll over bearish most notably JSSMPK's 240. However, right now very little damage has been done to the daily chart and so I will stay long here.
 
Quote from Lawrence Chan:

I find it odd because usually if NQ printing close to double % drop vs ES in the morning, it is a safe bet to go short in ES for a new low by lunch ...

Yes we've got a new low, but it is just marginally lower ...

Just frustrated I guess!
More...
this mrkt is playing so many games,with thin volume they move it wherever they want,i'm getting fooled often,i'm going to watch and wait for larger moves where it touches major trendlines
 
Status
Not open for further replies.
Back
Top