ES Journal Archive (2009 - 2010)

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Quote from iloveoptions:

Out of the last double short add at 763.5. Still holding a short from 699.25.
Man, I hate to spill the beans but I think you got out way too early because we're about to fill this morning's gap. :D
 
Quote from saliva:

Man, I hate to spill the beans but I think you got out way too early because we're about to fill this morning's gap. :D

Yes I understand. I'm a dynamic delta trader, and I have to follow my volatility model. The model says take +10.75 points X 2 positions which is better than 0 points. Also I'm still short from 699.25 :)
 
Quote from iloveoptions:

Yes I understand. I'm a dynamic delta trader, and I have to follow my volatility model. The model says take +10.75 points X 2 positions which is better than 0 points. Also I'm still short from 699.25 :)
Fair enough. But when you refer to yourself as a "delta", are you referring to one of the options greeks? I see this term popping up everywhere these days although it has nothing to do with options. Sorry, but I'm an agnostic on these things.
 
If we close near the Friday's close, tomorrow will be a manic Tuesday (minus them Trannies). A big selloff down to 720 is in the works.

Of course, sal's timely prediction should never be taken at face value. :)
 
Daily pivot point is 750.

Day's low so far is 750. After a 20 point fall in less than 2 hours, the pivot served as a brake on price action.

Of course, this is mere coincidence.

Yes, that's right. Just a mere coincidence. :)
 
Quote from saliva:

Another salutation to my fellow bears. We've finally broke below that dreadful uptrending channel. This rally is dead at last.

FOMC plus option expiration week. G-20 London Summit is also on the horizon (04/02/09). Could be a volatile week.
 
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