ES Journal Archive (2009 - 2010)

[JSSPMK]

Daily hit upper TL, after continuous upside some downside alsmost imminent

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2355855>

 

[JSSPMK]

480 ES signalling current trend change, I will be looking for failure swing/s today to short.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2355858>

 

[ASusilovic]

Quote from Brendan R:

interpreting open interest in options is open to debate unless you know the hedging/no hedging strategy implemented by all the parties.

Some will rebalance the hedge but not all. It's this gamma trading you want to know about.

For instance, can you tell me what percentage of the option open interest is an offset to OTCs/structured notes sold to bank customers?

I agree. It´s open to debate. Anyway, just my observation with regards to the last expiration dates...

 

[pocketmoney]

trying a short here at 781.75

 

[startraitor]

exit partial 84.25

Quote from startraitor:

long 74.25-71.50, stop under 66, target ?

 

[Lawrence Chan]

Quote from JSSPMK:

480 ES signalling current trend change, I will be looking for failure swing/s today to short.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2355858>

Since swings is still intact for the uptrend in your chart, a new high taking out the current high first, leading to a divergence, is also a possibility.

 

[Buy1Sell2]

Quote from volente_00:

What is your definition of long term using time ?

Monthly and weekly charts

 

[Sha10105]

B1S2 where is your post of how you read charts?

 

[Buy1Sell2]

Daily and 240 (and the 480) show that there will be continuation to this bounce. 825-850, most likely no higher than 940. If 940 is broken to the upside, then this will have legs.

 

[Buy1Sell2]

There is a short term floor at about 740. My posts about how I read charts are all throughout ET. Wie peinlich.