ES Journal Archive (2006 - 2008)

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Quote from ammo:

pek,since only 5 people know what a dragon is,is that bull or bear? thanks
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I apologize but this is my dragon. I wasn't aware there was actually such a formation. Again, it is a failed double bottom where the length of the failure is the same as the W heights.

The W was between 1136-43 thus 7 points. The failure occured at 1141, so the long entry was at 1134 (bottom was only 3 ticks lower), was good only for 3 points....Still a successful long entry...

P.S.: I could rename it if it causes confusion...
 
Lawrence, with another words hypotetically if I have swing long 2 ES and I am in red with position on T+3 I will be liquidated because I do not have 120K in account?

Or it is just for shares, with 25K account if tsomebody bought shares for 40 K and they did not move he needs liquidate after T+3 because he does not have 40K in account?
 
Quote from Pekelo:

I apologize but this is my dragon. I wasn't aware there was actually such a formation. Again, it is a failed double bottom where the length of the failure is the same as the W heights.

The W was between 1136-43 thus 7 points. The failure occured at 1141, so the long entry was at 1134 (bottom was only 3 ticks lower), was good only for 3 points....Still a successful long entry...

P.S.: I could rename it if it causes confusion...
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no apology needed,there are a lot of things i don't understand,just trying to learn
 
Quote from Pholeuon:

Lawrence, with another words hypotetically if I have swing long 2 ES and I am in red with position on T+3 I will be liquidated because I do not have 120K in account?

Or it is just for shares, with 25K account if tsomebody bought 40 K shares and they did not move he needs liquidate after T+3 because he does not have 40K in account?
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For shares only. Nothing to do with futures.

For many modern brokerages, they do not wait for T+3, and monitor their own version of margin requirement on real-time. It is those old style, or smaller shops that are still affected by the T+3 rule.

e.g. NYSE enforces 25% margin on optionable big caps for retails. For many electronic brokerages, as you can see lately, raises their margin requirement much higher than NYSE and already liquidated positions that they deemed as dangerous to their books.
 
Quote from Pekelo:

I apologize but this is my dragon. I wasn't aware there was actually such a formation. Again, it is a failed double bottom where the length of the failure is the same as the W heights.

The W was between 1136-43 thus 7 points. The failure occured at 1141, so the long entry was at 1134 (bottom was only 3 ticks lower), was good only for 3 points....Still a successful long entry...

P.S.: I could rename it if it causes confusion...
More...

Box projection

http://www.elitetrader.com/vb/attachment.php?s=&postid=1712596
 
Here is how it looked like, the failure usually happens at the half of the W's height. There was just not enough power to go through the SMA line, otherwise it should have been good for 6-8 points...

23ve2q1.png


P.S.: Today looks very SDDish...
 
Quote from newguy05:

i just covered my put leg at 46pt :eek: so essentially my call leg is free + pocketing 12pt a pop. Was so sure i would profit from upside not downside, but will take it anyway i can get it!!!

new position: sold atm straddle at 1140 for 100pt, and long 2x 1000 put and 1x 880put. on the upside i am long 2 es and the calls from the previous strangle.

dont you just want to reach over and punch those fucking politicians in the face, all of them fuckers. In the middle of this unbelieve mess they are still playing partisan blame game. unreal!
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took a small gain, moved my short straddles up to 1160, reduced my downside protection to 1.5x, but moved strike up to 1050P.

looking to go long on the es again at market close, that's my liquid leg i suppose that i can long/short/reverse on a dime. As options are not tradable outside market hours due to illiquidity.
 
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