ES Journal Archive (2011)

[Laissez Faire]

With regards to gaps, does size matter?

My concern is if this POMO-rally may continue leaving the small gap below unfilled for now.

 

[volente_00]

Went flat 53.75. Demtdayboyz fought me all day long.

 

[Laissez Faire]

Quote from volente_00:

Went flat 53.75. Demtdayboyz fought me all day long.

May I ask why you fought them?

Was the gap fill your only conviction?

Like Picaso, I did think it seemed a little out of character, especially since you earlier said you are bullish on the market (IHS) and it`s t-day today.

 

[Smart Money]

Can someone help out a call/put noob? I do ETFs and I do really well at predicting what will happen. Been doing it for years. But I've never tried this put and call stuff.

Say I had spent $5,000 on a call when it was 1350 and it went to 1355. How much could I have made on that?

TIA,

SM

 

[Laissez Faire]

Quote from Laissez Faire:

I have to say I find it very interesting that today`s high was last week`s range exact 50% level. To the tick!

1343 is the pivot point from last week`s range and acted as support on this choppy afternoon that I should never have traded in the first place.

It will be interesting to see what the t-day boyz have in store for us tomorrow. Perhaps they are sneaky and take out 1345 overnight and gaps up tomorrow.

And that`s what happened.

Provided that the 1345 area is of any significance, should this area now act as support for this rally to continue?

Maybe the market will fill that gap below first, maybe not.

 

[Smart Money]

Quote from Laissez Faire:

And that`s what happened.

Provided that the 1345 area is of any significance, should this area now act as support for this rally to continue?

Maybe the market will fill that gap below first, maybe not.

Today was a repeat of April 22nd's action. But tomorrow can still be a down day to fill the gap despite April 25th.

 

[Now is Now]

Quote from Now is Now:

SLD 5500...Target 5225

Will ADD, if necessary


NiN

FLAT 5325...

NiN

 

[pauk]

Quote from pauk:

long 1349.5

Just copy my trades and we can all just retire in a year or so! lol

Out here for +5.5 points!
risk free trade
Llimit long is back in at 1350

 

[i_c_fed_people]

Quote from i_c_fed_people:

lol, I know that's the way it is!

See what I mean?

you can honestly get long anywhere you like, and you will make money. Been that way for a long time. See you at DOW 30,000

 

[volente_00]

Quote from Laissez Faire:

May I ask why you fought them?

Was the gap fill your only conviction?

Like Picaso, I did think it seemed a little out of character, especially since you earlier said you are bullish on the market (IHS) and it`s t-day today.

Because I do not chase price if there is a gap below from the previous cash close. I was bullish but was betting on a gap fill to cover shorts and get long and the bulls were too strong on a gap and trend day. The r10's all were profitable but we never got more than 3- 5 points of retrace from them due to the strong trend. The losing trades I had were all at one time 2-3 points in the green but I did not lock profit on them and let them turn back into losers.