ES Journal Archive (2011)

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Quote from emg:

forcing trade???

Yep feels like I am.. my trading demon has come back xD

the power of christ compells you.

Although I really do feel we are going higher from here. Im ok with taking a loss.
 
To my reckoning, SPY open interest at the moment suggests 133 or so at opex. Volente, would you agree?


[edit: having said that, this market's looking weaker and weaker by the minute ....]
 
Quote from julian0625:

I feel like Im getting played right now.

Added @ 1294

Stop @ 1292.75

Last trade..either go or dont go

I feel we are going to at least run it up into the close.
Your feelings should have no place in your trading
 
Quote from tortoise:

To my reckoning, SPY open interest at the moment suggests 133 or so at opex. Volente, would you agree?


[edit: having said that, this market's looking weaker and weaker by the minute ....]
depends on how many puts are wrote into the down move. Watch for interest to jump and the squeeze will follow. 129 is a key level. Lot of support between 1270-1290. If I had to venture a guess I would say we could trade down to 127 to suck in premium Keep in mind the market is set up to screw the majority
 
Quote from volente_00:

Your feelings should have no place in your trading

Very true. After just reading what I wrote, its completely obvious that emotions are controlling my trading today. I said I feel 3 times in my writings today.

The market doesn't care about what I feel. Learn and move on.
 
Quote from volente_00:

depends on how many puts are wrote into the down move. Watch for interest to jump and the squeeze will follow. 129 is a key level. Lot of support between 1270-1290. If I had to venture a guess I would say we could trade down to 127 to suck in premium Keep in mind the market is set up to screw the majority

So, in other words, watch today's put volume? (Lots of 130 puts being written, but even more 131 calls)
 
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