S/R Emini Journal

[JimmyJam]

Quote from hpeganz:

Ok, if the divergences in MCAD combined with RSI confirmation don´t work for you - it is ok

hahahahah

ok smarty pants, just remember you're the one who's asking all the questions ...

 

[hpeganz]

Quote from JimmyJam:

hahahahah

ok smarty pants, just remember you're the one who's asking all the questions ...

yes, I like to learn from others ..... but I have my own beliefs....

Are you still short?

 

[JimmyJam]

Quote from JimmyJam:

well, that's done.

time to get started on my weekend reading.

http://www.activetradermag.com/sampleissues.htm

hey 4re,

thanks for the heads-up on how to spot a bull flag ... if you follow the link to Active Trader Magazine you will find that they also publish PDFs on using different Options Strategies, I couldn't figure that stuff out if I had 10 years to do it in, but you might find something of use there.

The PDF version of the Option Magazine is free, btw.

Later,

Jimmy

 

[4re]

Quote from JimmyJam:

hey 4re,

thanks for the heads-up on how to spot a bull flag ... if you follow the link to Active Trader Magazine you will find that they also publish PDFs on using different Options Strategies, I couldn't figure that stuff out if I had 10 years to do it in, but you might find something of use there.

The PDF version of the Option Magazine is free, btw.

Later,

Jimmy

Did you catch the one between 9:05 and 9:30? If so worked like a charm and even if it doesn't go the right direction it doesn't matter as long as you wait for the breakout. Good trading...

 

[JimmyJam]

Quote from 4re:

Did you catch the one between 9:05 and 9:30? If so worked like a charm and even if it doesn't go the right direction it doesn't matter as long as you wait for the breakout. Good trading...

nah, i was thinking about this one right here.

this isn't exactly what i'm looking at ... but it's a pretty good approximation

best,

jj

 

[4re]

Quote from JimmyJam:

nah, i was thinking about this one right here.

this isn't exactly what i'm looking at ... but it's a pretty good approximation

best,

jj

Here is how I had it drawn. At least you got the direction correct.

 

[JimmyJam]

Quote from 4re:

Here is how I had it drawn. At least you got the direction correct.

hahahahah ROTFLMAO !

That's what happens when you try to incorporate other styles into your trading ... you don't quite see what the other trader is looking at, but hey at least I got the concept!

 

[yvberj]

Had to be out since my last post, but looks like I didn't miss very much. Although it doesn't matter to me which way the ES moves, after a run like today there has to be some sort of PB.
At this point I'll just sit and wait. Was a good morning, I have no intention of giving anything back if I can help it.

Don't know why but I can't seem to attach a chart. Must be doing something wrong!

Alex

 

[4re]

Quote from JimmyJam:

hahahahah ROTFLMAO !

That's what happens when you try to incorporate other styles into your trading ... you don't quite see what the other trader is looking at, but hey at least I got the concept!

Yep, you got it. Almost right anyway. Like I said at least you had the direction correct. And there was a bull flag.

 

[4re]

Quote from yvberj:

Had to be out since my last post, but looks like I didn't miss very much. Although it doesn't matter to me which way the ES moves, after a run like today there has to be some sort of PB.
At this point I'll just sit and wait. Was a good morning, I have no intention of giving anything back if I can help it.

Don't know why but I can't seem to attach a chart. Must be doing something wrong!

Alex

We don't exactly have to have a pullback just yet. Like Volente said we have options expiration this week. Looking at the put/call ratio it looks like a lot of people had been buying puts lately. So, when the market makers look at that they are going to try an inflict max pain on those guys. Running the market up and making those contracts expire worthless. They will lie and say it doesn't happen but it does, every month. Sometimes it is kind of difficult to tell where max pain is but they tend to tip their hand a little early at times. I sure hope that is what happens this time.

That being said I still remain market neutral, so I don't have to be right about which way the market goes. I just want movement.