ES Journal Archive (2009 - 2010)

[iloveoptions]

Quote from iloveoptions:

Out at 832 on the last add. Missed 844.5 by 2 points!

Ok, so if it doesn't want to give me 844.5 to short, I'll take an out at 828.75. Still short 1 position from 815.75

 

[saliva]

Quote from saliva:

Covered 34.50

Out 28.25

 

[saliva]

So who thinks we'll have an island reversal tomorrow with a monster gap down below 810? Say I.

I.

 

[iloveoptions]

Quote from iloveoptions:

Ok, so if it doesn't want to give me 844.5 to short, I'll take an out at 828.75. Still short 1 position from 815.75

Now with my long hedge still in place, I'm effectively long the market, thus I need to reduce my long exposure by selling off my long calls currently in inventory.

 

[iloveoptions]

Quote from iloveoptions:

Now with my long hedge still in place, I'm effectively long the market, thus I need to reduce my long exposure by selling off my long calls currently in inventory.

Exited 40% of my long hedge at the 833 level which effectively makes me nearly neutral.

 

[saliva]

Short 833.25 for overnight.

Stop above 837.

 

[iloveoptions]

Quote from iloveoptions:

Exited 40% of my long hedge at the 833 level which effectively makes me nearly neutral.

Placing a sell limit at 854.25 to add to my existing 815.75 short. Rimm is flying after hours.

 

[volente_00]

Quote from smilingsynic:

Today's effort to take price down below 800, which is support, failed. Selling was met with buying, and price closed within the previous range.

846 by the end of the week. Not a Joe Namath "guarantee"--hardened belief is for zealots, not for traders.

That should mark the end of the current move up. Ultimately, by July 4 weekend, the ES should move over 900 to a point where the unchanged level for the year will be reached.

1000 SPX would represent EXACTLY a 50% bounce off of the bottom. That should serve as rock hard resistance.

Vertigo, Brutus, and Lawrence, I'll explain in another message why 846.

Great call

 

[stefan_777]

Here's a bored and sloppy attempt at drawing todays encounter with the top end of a big channel, if it exists, of course.

 

[saliva]

Quote from stefan_777:

Here's a bored and sloppy attempt at drawing todays encounter with the top end of a big channel, if it exists, of course.

This goes to the heart of what I was bitching about yesterday. You see, when I draw the same line that you've drawn on NinjaTrader, it doesn't even come close to today's HOD. So how the hell was I supposed to have known? Funny how I extol the virtues of using S/R and trendlines and yet I can't even draw them properly because NinjaTrader is a POS!