ES Journal Archive (2009 - 2010)

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Quote from volente_00:

Tell me one thing you have learned from this site that has made an improvement to your bottom line ?
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ET is a feast of food for thought.... although 99% of it is junk food :)

IMO *most* of the guys (and girl) who hang around this thread are the real deal... there is an ebb and flow to it however.

I miss senor mojito - fading his calls had a great expectancy.
 
By the way, I was watching fast money, and they said a way to protect or benefit from more downside risk is to buy July vertical puts on the SPY. The reason being the cost of buying just a single July put is expensive compared to how far the market would need to fall for you to make money vs the time value. Therefore buying a higher price put and then selling a lower strike put gives you protection up to the value of the lower strike's price and reduces the cost of the insurance.

Since the market was up today, I decided to take their advice to provide some protection as a hedge to my longer term swing trades that are on the long side.
 
Quote from BA_Trader:

ET is a feast of food for thought.... although 99% of it is junk food :)

IMO *most* of the guys (and girl) who hang around this thread are the real deal... there is an ebb and flow to it however.

I miss senor mojito - fading his calls had a great expectancy.
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I liked apex alot, the reason is he would call out a trade, show his entry and target and why. you could still learn a great deal looking at his posts. He was very much into confluence. I am out until I see a test and close above 109.50 spy, till then I am bearish. Good trading all.
 
Here is an example I am not saying this is my trade but more how apex discussed the market. short spy above 109.50 stop 110.50 target 107.50 and below.
 

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Quote from kinggyppo:

Here is an example I am not saying this is my trade but more how apex discussed the market. short spy above 109.50 stop 110.50 target 107.50 and below.
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from a market profile mindset,using your chart, i would expect it to move to the 5.50 area,briefly stopping at that 7.50,then printing a few bars from 7.50 to 5.50 and fill that gap,its all about filling in the blank spots and i agree ,we were lucky to have apex
 
Hello ammo.

Correct me if I am wrong but I think ammo has given the best trading advice on this thread in a long time.

"Establish a price direction (trend) and only trade in that direction"
 
Close enough on the gap? I think the close is dreadful.


Quote from startraitor:

That's the GS theme song, everyone made wrong assumptions about what God Loyd was talking about!

If 82 breaks the gap is as good as gone, so is yesterday's rally I think.
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So far this strategy is paying off as the market ended up selling off. The lower put strike also gained in value today but not as much as the higher strike put. What I think could happen is the market trades down but not through the lower strike and it expires worthless, while the higher strike ends up in the money.

I also ended up positive on my es trades today, but could have done much better if I did not kill some of my trades early since I was getting scared since I had averaged up too many contracts rather than taking a bigger loss on 1 trade.

Quote from oraclewizard77:

By the way, I was watching fast money, and they said a way to protect or benefit from more downside risk is to buy July vertical puts on the SPY. The reason being the cost of buying just a single July put is expensive compared to how far the market would need to fall for you to make money vs the time value. Therefore buying a higher price put and then selling a lower strike put gives you protection up to the value of the lower strike's price and reduces the cost of the insurance.

Since the market was up today, I decided to take their advice to provide some protection as a hedge to my longer term swing trades that are on the long side.
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