ES Journal Archive (2009 - 2010)

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Quote from saliva:

Oh, so you believe 200-point stop is still considered stop? Why not 1000 then, since you know it would NEVER get hit (well unless you go broke before ure stopped outt)?
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I placed my stop just below the last long term support (32.80). With the trend of my chart still bullish and confirming support, common sense would dictate that if the trend stays intact that price should rise through contract expiration, in December, to test the previous resistance tops from that long term support once it has solidified. Price for December Soy Oil is still in the process of confirming that support. A potential early entry into the trade position is protected by the stop.

Unlike a daytrade, I don't need to monitor this position each minute. I only review the status once per day. I am in this trade for the long term, into expiration.

Starting the first week in November I will begin to place naked options positions against the confirmed direction of this market as it moves into expiration as a way to further profit from this contract.

I've traded this particular contract since themid July 2008 with my first short and my profit position in it since then is quite nice. Since my first trade in this contract I've held 10 positions over the last 14 months. Seven of those profitable and 3, including the current one, have lost money or is currently loosing money. The current pullback isn't a concern because it falls within the parameters of my established trend. Once this contract closes in December the success of the contract is valued at the overall profitablity over the whole 17 to 18 month period of trading it. Profit is based on options revenue and futures revenue, total.
 
Quote from romik:

JJ is a loser

Secondly he is a f...ing idiot
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Ya! romik joins the pile-on ... and how did YOUR Last Call work out for ya, little buddy? :p

Hint: Pretty much the same as ChipsBSmall (ProfLogic's), only in reverse. It's a good thing there was only a 99% probability! :D :D :D

Ah, I love the internet. :)
 
Quote from Lawrence Chan:

JPY too.
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I normally use the usd/jpy as the benchmarck ....at the moment its trading well above the 90 levels ..........kind of upward trend all day

what i think is that its very easy to paint the picture eur/usd is rallying /es has to move up to......
 
Quote from ChipBSmall:

I placed my stop just below the last long term support (32.80). With the trend of my chart still bullish and confirming support, common sense would dictate that if the trend stays intact that price should rise through contract expiration, in December, to test the previous resistance tops from that long term support once it has solidified. Price for December Soy Oil is still in the process of confirming that support. A potential early entry into the trade position is protected by the stop.

Unlike a daytrade, I don't need to monitor this position each minute. I only review the status once per day. I am in this trade for the long term, into expiration.

Starting the first week in November I will begin to place naked options positions against the confirmed direction of this market as it moves into expiration as a way to further profit from this contract.

I've traded this particular contract since themid July 2008 with my first short and my profit position in it since then is quite nice. Since my first trade in this contract I've held 10 positions over the last 14 months. Seven of those profitable and 3, including the current one, have lost money or is currently loosing money. The current pullback isn't a concern because it falls within the parameters of my established trend. Once this contract closes in December the success of the contract is valued at the overall profitablity over the whole 17 to 18 month period of trading it. Profit is based on options revenue and futures revenue, total.
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From a pure trading perspective, that's a great analysis.

But comparing it to intra-day trading is like comparing apples to a tuna fish sandwich.

Both are foods, both are nutrional, but that's about where the comparison ends ...

... and you know what they say about an apple a day. :)

Signed: Goldman Sachs :cool:
 
Quote from MandelbrotSet:

Ya! romik joins the pile-on ... and how did YOUR Last Call work out for ya, little buddy? :p

Hint: Pretty much the same as ChipsBSmall (ProfLogic's), only in reverse. It's a good thing there was only a 99% probability! :D :D :D

Ah, I love the internet. :)
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It went a lot further than your 4 point stops, check the chart you dumb dumb
 
Quote from romik:

It went a lot further than your 4 point stops, check the chart you dumb dumb
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No moron.

You said "this week we go down, 99%" and the market actually went up.

Duh ... nice to know who the frauds really are. :D

Gottcha number little rommy. :cool:

Bye now.
 
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