ES Journal Archive (2009 - 2010)

[emg]

Quote from emg:

adding at 1086.50

filled. breakeven at 1096.00. profit target at 1097.00

 

[Eko_Trader]

Quote from NoDoji:

Getting this feeling of deja vu:

http://www.marketwatch.com/story/us-dollar-libor-rises-again-2010-05-20?reflink=MW_news_stmp


http://www.businessinsider.com/dow-...cognize-america-by-the-end-of-the-year-2010-5

You are not alone.

 

[jd7419]

Quote from emg:

filled. breakeven at 1096.00. profit target at 1097.00

Seriously man stop and think about what you are doing. You are trying to catch peanuts(you probably do this succesfully most days) but all it takes is one massive downtrend day where prices don't retrace enough to wipe you out. When the markets daily range is as high as it is right now you never want to try to make just a point. The market is giving out so much right now, the peanut strategy should be used in a low volatility market which we clearly are not in at the moment.

 

[rock34748]

Quote from jd7419:

Seriously man stop and think about what you are doing. You are trying to catch peanuts(you probably do this succesfully most days) but all it takes is one massive downtrend day where prices don't retrace enough to wipe you out. When the markets daily range is as high as it is right now you never want to try to make just a point. The market is giving out so much right now, the peanut strategy should be used in a low volatility market which we clearly are not in at the moment.

Think about it. With huge account size and discipline, today might just be a great day for emg. Might even be that 6 or 7 days like this each year really make up for the peanuts.

 

[austinp]

Quote from rock34748:

Think about it. With huge account size and discipline, today might just be a great day for emg. Might even be that 6 or 7 days like this each year really make up for the peanuts.

only if he adjusts "profit target" to something bigger than +1pt

otherwise, what's the difference here today?

 

[jd7419]

Quote from rock34748:

Think about it. With huge account size and discipline, today might just be a great day for emg. Might even be that 6 or 7 days like this each year really make up for the peanuts.

Did you even read what I wrote or are you trying to be funny? And what discipline are you refering to doubling down every time the market goes further against the original position.

 

[austinp]

today and/or tomorrow may be great days to catch some spectacular swings. hunting for them in the right places will probably pay off big-time

averaging against works a majority of the time, until it doesn't. just like russian roulette. same game, different name

 

[volente_00]

Quote from emg:

my risk management is $100K per contract. i posted that before

Interesting considering the actual total contract value is less than $55000 right now.

 

[tortoise]

volente -- what's the open interest telling you?

 

[volente_00]

Me thinks DEMTDAYBOYZ are setting a trap.


Suck them shorties in and gap fill is high probability.