ES Journal Archive (2009 - 2010)

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on GS support at 112 with an unfilled gap, massive overhead gap. My point is the powers that be sold off the stock on great earnings probably to buy more at a lower price. I am sure a few new traders got burned. I have learned the hard way to trust price action only. Good trading.
 

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Quote from iloveoptions:

Increasing the hedge to 65% right here at 836.5 while maintaining the short from 814.25. :)

Adding a short at 841.5 stop at 845.5

Current position is a short from 841.5 + short from 814.25 + 65% hedge.
 
Quote from Lawrence Chan:

JSS,

It looks like either we get the gap fill below today or early tomorrow, otherwise the bullish scenario you mentioned is going to happen - FAST.

My gap close means ES printing 821.5

The lack of selling at the open has worried the short in me...
 
Quote from iloveoptions:

Adding a short at 841.5 stop at 845.5

Current position is a short from 841.5 + short from 814.25 + 65% hedge.

iloveoptions, how do you create a fixed 65% hedge at 814.25 when the price moves up and down? And isn't it average down whenever you add another short at higher price? Thanks.
 
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