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ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Not seeing delta confirming any of these bounces so far, even though we are way oversold. This tells me a close at lows is still possible and to book profits when they come and not expect a huge rally today. at least that is what we are seeing now, it could change. But be careful, that 50 dma is way to close now.
Quote from marceck:
Not seeing delta confirming any of these bounces so far, even though we are way oversold. This tells me a close at lows is still possible and to book profits when they come and not expect a huge rally today. at least that is what we are seeing now, it could change. But be careful, that 50 dma is way to close now.
What do you mean by "delta"? What would it need to show to "confirm" a bounce?
What does oversold mean and how do you determine such a condition?
Why is a 50 dma relevant? On what timeframe?
One generally does not expect "a huge rally" on the first leg down after a top, when the ES is down 8 handles in RTH and opened down 17.
Quote from Blotto:
What do you mean by "delta"? What would it need to show to "confirm" a bounce?
What does oversold mean and how do you determine such a condition?
Why is a 50 dma relevant? On what timeframe?
One generally does not expect "a huge rally" on the first leg down after a top, when the ES is down 8 handles in RTH and opened down 17.
No need to get offended. Delta is the bid/ak volume and cumulative delta tracks that and the ensuing divergences. If you are not interested in my input, I will cease posting here immediately.
Quote from marceck:
No need to get offended. Delta is the bid/ak volume and cumulative delta tracks that and the ensuing divergences. If you are not interested in my input, I will cease posting here immediately.
I asked some questions. Nothing in my post indicated any offence, and I even agreed with you about not expecting a rally in this location.
Your reply to me sounds like you are more interested in your ego than in trading.
Quote from Blotto:
I asked some questions. Nothing in my post indicated any offence, and I even agreed with you about not expecting a rally in this location.
Your reply to me sounds like you are more interested in your ego than in trading.
Trading is all I do. And it gets boring, so I walk around some threads here and there ans sometimes try and help out. My ego doe snot need any reinforcement by posting anonymously, frankly.
I am a patient trader today, in and out quick hits, looking for new lows.
My position is underwater. I scaled out of 1 contract with a profit but left 3 on ($30 per point). I entered in the 1318-1315 range but my fill was 1320 (my total is only to 1315 -- I payed a premium). I'm not so confident about the day. I think we might still close at 1322-1323.
However, I think that right now is the time to buy options on ES. If I had a real brokerage account then I'd probably load up right now on a call or vertical with a 1 week to 3 week time frame.
However, I think that right now is the time to buy options on ES. If I had a real brokerage account then I'd probably load up right now on a call or vertical with a 1 week to 3 week time frame.
Quote from marceck:
Trading is all I do. And it gets boring, so I walk around some threads here and there ans sometimes try and help out. My ego doe snot need any reinforcement by posting anonymously, frankly.
I am a patient trader today, in and out quick hits, looking for new lows.
That is all cool. Just take it easy when presuming that you have offended people. I was just asking some simply questions...no need to make it personal.
Quote from Lucias:
My position is underwater. I scaled out of 1 contract with a profit but left 3 on ($30 per point).
This is the emini S&P thread. 1 contract is worth 50x the index value, so 3 contract would mean a P&L change of $150 for every full point move in the S&P. It trades in quarters, so 3 ticks is $37.50, not $30. Perhaps double check to make sure you don't have a larger exposure than you thought / intended.
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