covered my last contract at 1099...now synthetically long with 1100 put...tons of premium in these things right now...looking for short term bounce
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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covered my last contract at 1099...now synthetically long with 1100 put...tons of premium in these things right now...looking for short term bounce
Quote from Laissez Faire:
1103 locked in. Will be away for a few minutes now.
Come and get me!
Should have, would have, could have taken profits @ 1198, but got stopped out for a decent profit nonetheless.
The interesting thing that I did not take account for, is that 06,75 may still be a level that will be tested and respected before further selling. There is still almost two hours left of the cash session and the bears may simply be counting their money before launching a new attack.
On the other hand, I could not know if we suddenly spiked 10 points either, so I`m satisfied with my choice.
Failure at 06,75 would have been the only acceptable re-entry on my behalf, but I`m done for the day. My predictive abilities are worn out and I will look for new opportunities tomorrow.
I see that as of completing this post, failure at 06,75 did indeed materialize.
Later, traders!
and reflected in vix. makes me suspicious of going lower.
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