ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from volente_00:

lots of spy puts itm for june.


Would not take much to get a move to 115 -117
More...

That gap sitting up there at 1109.75 is probable to close, perhaps today. Further gap-down open sessions are not likely to keep going lower... it'd be a gap-up event more probable to roll over.

If they start heading towards that 1109 zone, especially on a straight-grind rally type day, hold for the gold until it is reached. We're a bit overdue for a straight rally session on about half the recent volume of selloff days.

All that said, I learned over too long a period of time that the less I predict, the more money I make. Sure it's fun to make market calls for intellectual and emotional massage but often as not the market does unexpected things on a short-term basis. Trading downhill = flowing with price action. Sometimes it pays really well to trade the opposite of what one thinks should happen... as the opposite actually happens in real-time.
 
Status
Not open for further replies.
Back
Top