ES Journal Archive (2011)

[klinckphilip]

Short 2 at 77.25

Stop 85.25

 

[SrRuthenate]

Quote from Laissez Faire:

.

There are 3 or 4 posters/real traders worth reading and you are one of them. And I meant everything I said about that you could be great if you control yourself. That I misread your "plug and play" that was cleared up. Keep posting.

tip: when you aren't prepared and/or 5' volatility/ATR shoots up, like today, cut your size in half or even more, hard if you are a 1 contract player, but you can do 100 SPY which is 1/5 th of the risk, or DIA which is even less.

 

[volente_00]

I see 80-82 cash as the top for today


but I am wrong 20% of the time

 

[Lawrence Chan]

Quote from volente_00:

I see 80-82 cash as the top for today


but I am wrong 20% of the time

The more interesting question is whether SPX stalls from there by 10 to 15 pts, isn't it?

ES 76-77 prev week close rejecting the rally can drop ES back down to prev week midpoint.

=)

 

[Lawrence Chan]

Quote from Lawrence Chan:

The more interesting question is whether SPX stalls from there by 10 to 15 pts, isn't it?

ES 76-77 prev week close rejecting the rally can drop ES back down to prev week midpoint.

=)

That is quite a stretch as that is 40s.

So a drop to current week midpoint makes more sense.

=P

 

[startraitor]

Looks more like 90+.

Quote from startraitor:

long to 1172+ or eod

 

[iloveoptions]

Quote from FreakofNature:

They got me today on superb volatility.

+19.75 on balance

Did best I could, overall Over 80 points this week.

Nothing close to what the professionals do in this channel but I'm content with the result and August is very much green.

Enjoy the weekend everyone and for those in the east coast best wishes to you and your loved ones.

Thanks again for the commentary Volente and others, very helpful.

FoN

Nice work FoN!

 

[Lawrence Chan]

Quote from startraitor:

Looks more like 90+.

If not month end op ex coming up, that looks like the target.

So many OTM longs on options made are now deep ITM, MMs will at all cost crash the mkt.

At least containing the rally to a down week so that next week we start with sell off and crush those options.

 

[ammo]

that tl is 80 and the nip is same area,high volatility ,see if it reverses

 

[ammo]

that could be a bear flag or a bear rectangle,break of 80 -83 area we could get 1202 area