S/R Emini Journal

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Quote from EdgeHunter:

Yo 4re'

If you turn the chart <b>upside down</b> they are okay with CAL.... :D

I was watching that same show when he said that... ouch!

cj...

That is about the only way Crammer could be right. I have an options straddle on CAL that is why I am watching it so much. I need price to get to either 25 or 35 to make 50% on this play. I am thinking that if it breaks 26 the next resistance is 24 the 22. Just a couple of weeks ago it was at 22 so I can see it getting there before long. At that point I'll probably sell my puts and just let the call side stay open. I have until Sept. for this play to happen.
 
Quote from 4re:

That is about the only way Crammer could be right. I have an options straddle on CAL that is why I am watching it so much. I need price to get to either 25 or 35 to make 50% on this play. I am thinking that if it breaks 26 the next resistance is 24 the 22. Just a couple of weeks ago it was at 22 so I can see it getting there before long. At that point I'll probably sell my puts and just let the call side stay open. I have until Sept. for this play to happen.

Can you give an brief explination how you setup this trade or make one up if you don't want to give details. If you can explain prices where you bought, sold, and risk?

Thanks,

Dean
 
Quote from Dean80:

Can you give an brief explination how you setup this trade or make one up if you don't want to give details. If you can explain prices where you bought, sold, and risk?

Thanks,

Dean

Dean,
I'd be glad to but since I don't want to get this journal off track I'll send you a pm if that is ok.

Gary
 
Quote from volente_00:

Took a long at 1244.50 for a swing trade.

1 week time frame.

Good luck on this one. What kind of target are you looking for?
 
Yay me, I got my chart stuff done early tonight. Here are the numbers for tomorrow. I already had to adjust them beacause the market kept falling after hours.

Long 1247.25-1260.50

Short 1241.25-1233.75


just to let you guys know I will not be able to trade with yall tomorrow. Gotta do real work :mad:

You guys need to keep me updated through the day and I'll try to check in every now and then.

Have a good trading day,

Gary
 

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