ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
BOO! I was obviously shaken out just before the meltdown. Congrats to anyone who caught it! My shoulda woulda coulda was not selling that first 50% short. Even though I was biased correctly, I just couldn't pull the trigger in the safest place.
Again, I still struggle with shorting the ES, but at least it didn't cost me anything!
When it looks that good usually means they are not good. Good luck to you. We broke wedge pattern that has been developing for a week now, fwiw.
not on hourly
bottom of channel around 1226 es there so mean reversion back to 43-50 is what I think happens from here
Open gap at 1229, once filled back up for option expiration fun
we must be looking at it differently. here is what i am seeing. as soon as it broke lower band of wedge, selling accelerated. anything can happen given current vol...not making any predictions just pointing out what i am seeing.
agree with your support at 26 just not sure about the 43-50 reversion; will need a driver to get back up there.
fwiw, i am pulling for the guy that sold puts...i am sure he knows what he is doing.
If I'm that guy you can rest assured I have no idea what I'm doing. I just sell puts because it seems less risky than straight up holding the futures for long periods, especially since I'm leveraged. It can't be too bad, and I've held these for around a month. I rolled some over to December last week during the big drop, but that's about as active as I plan to be.
Nice little bounce up to 1234 by the way, hopefully I wake up to 1245-1250 again tomorrow morning.
Triangle
http://screencast.com/t/lLOD6ws6
(same lines I posted 5 or 6 days ago, not drawn to make the last high and today's low fit
)
http://screencast.com/t/lLOD6ws6
(same lines I posted 5 or 6 days ago, not drawn to make the last high and today's low fit
)- Status