ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from JSSPMK:

Understoodemondo.

Why do you need an indicator to define a trend? Don't you think that HH HL HH HL is enough to define a trend?

For instance, histogram on the Weekly chart of ES indicates a trend change. And you go Long now, why?
 
Bought the Nov09 $ 110 SPY put for $ 1.24. Stop is the premium that I paid. Goal is to sell for $ 2.50 or higher before expiration.

Reason for trade, is possible double top and to sell when everyone else is buying, just like I will sometimes buy when everyone is selling.

Note: if before expiration, the Nov09 $ 115 put is selling for price similar to what I paid for this put, I may purchase it.
 
11-11-09 08:23 AM

11-10-09 07:29 AM

11-09-09 01:26 PM

Long here with 20 @1075.50
Initial stop 1038.75

--Raising protective sell stop on this breakout trade to 1053.75 (11/10/2009)--
--Raising protective sell stop to 1064.75 (11/11/2009)--
--Raising protective sell stop to 1084.75 (11/11/2009)--
 
Staying short here, same stops and targets.

edit: should be short and stop 1115


Quote from startraitor:

Very sneaky, top made over low volume "holiday". Seen that b4. 1094.25, stop 1015, target 970.
 
Status
Not open for further replies.
Back
Top