nat gas.
The ACD Method
- Thread starter sbrowne126
- Start date
IYM and FCX
John, are you net long or net short the ES? I presume you missed the question to in the conversation that you initiated in the other thread. So here is the best place to re-ask the question.
Ron, I own some some downside puts in the ES for even money but I'm also short bonds via some out of the money calls and long puts (conversion). Overall, I would describe the position as neutral with the potential for some nice p&l on a sharp selloff. I'll put positions on next week after the greek elections as we'll see a large move either to the upside or downside.
I've had these two positions on for awhile so they were not put on specifically for the greek elections.
A question to shore up my ignorance. It sounds to me that you trade like Nassim Taleb. Neutral positioning while waiting for a big or a small swan event.
Do I have that right, or do you follow markets and try to pick off the movers on the day/week.
You are an options trader, which I tried in the early part of the decade and found that I suck at that. I could never find out why options move and do not move. Maybe I could now, but I am soured on the experience. I like to keep it Homer like simple. ( Homer lives in our state btw, and so does Al Bundy
)No, I do not trade like Taleb. And no I do not usually put on neutral positions waiting for a big event. I've had these positions on for awhile along with nat gas. I trade directionally. ES confirmed a monthly A down and I got short and have used rallies to add to my short ES position. I'm short bonds on principle. I generally try to keep that position with soft deltas to minimize risks but I want to stay involved because when they break it will be the trade of the century.
After the greek elections I'll have far more directional positions.
Well, it seems that although there more was to skin a cat, we are all trying to skin the same cat!
You are right, careers will be made soon, best chance since 87, IMO.
EUR/USD now confirmed a weekly A up as well as a monthly A up. Interesting action ahead of the Greek elections.
The US Dollar Index is currently trying to make a monthly A down. I've often talked about how the longer you go in between signals, the better they usually are. The last monthly A down in the dollar was last October!
My monthly level is 82.08.
My monthly level is 82.08.