ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

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  1. Overnight

    Overnight

    A "row", pronounced raow (like raow as a cat makes when it is mad), is a Britishism and means a conflict or disagreement.
     
    #25471     Jun 10, 2020
    Buy1Sell2, IB_Dude and Relentless like this.
  2. tiddlywinks

    tiddlywinks


    The easiest/simplest explanation can be seen on MONTHLY charts...

    NQ did not take out the 2019 low in early 2020.

    This makes NQ "different" from ES and YM, and RTY too.

    RTY however, has been in a bear market for nearly 2 years,
    which makes it "different" than ES, YM, and NQ.

    The dollar is also an input.

    I'd prefer a move of extended duration, as opposed to only a handful of trading sessions...
    It makes chart analysis a lot easier for me!

    I hope that throws some light on what I see, at least partially.
     
    #25472     Jun 10, 2020
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  3. vanzandt

    vanzandt

    Yeah but can you hit a driver 255 yards? Its key to a low handicap. :banghead: :rolleyes:

    https://elitetrader.com/et/threads/golf.311871/page-28#post-5122646

    And B1.... I love ya bro.... but I had to bite my chops on this one.

    There's an item to remember when golfing.----Even though your swing should be repeatable, it is different off the tee versus off the deck. Off the deck, you'll want to hit down on the ball, whereas off the tee, you"ll want to shallow and sweep the ball. ---If you hit driver the way you hit irons you will be popping the ball up and/or losing massive distance.==Ish==


    So in essence.... you finally discovered and feel compelled to post about the wooden tee, why its used, and teeing off with a driver.
    https://elitetrader.com/et/threads/golf.311871/page-28#post-5106334
    Eureka moment I guess in some parts....

    Here's the thing B1.... when you're really good..... you can use a driver like an an iron without a tee anywhere. Learned that trick at like age 11 bro. Keep at it, you'll figure it out.

    165 in if you want to be a player. ;)
     
    Last edited: Jun 11, 2020
    #25473     Jun 11, 2020
    Gaslight Capital likes this.
  4. vanzandt

    vanzandt

    Fooooore!.
     
    #25474     Jun 11, 2020
  5. Relentless

    Relentless

    Nice observations! Definitely helpful.

    Appreciate your time.
     
    #25475     Jun 11, 2020
  6. Buying 3117. Target +60 candles from here.
     
    #25476     Jun 11, 2020
  7. IB_Dude

    IB_Dude

    Thanks.Sadly, I'm not always as active as I'd like to be.

    @Overnight definition of a "row" is correct. America is an adopted home for me, but my background is quite global. After 2+ decades in the states, I still often need to be careful about my lingo in order to maintain clear communication.
     
    #25477     Jun 11, 2020
  8. Relentless

    Relentless

    No problem - thanks for clarifying. I assumed it was something along those lines but was curious :cool:.

    Hope ya got some shorts on for the drop!
     
    #25478     Jun 11, 2020
  9. IB_Dude

    IB_Dude

    Didn't post the trade live, but my positions are below:
    No current ES shorts.
    Long WORK (Was long AMD off the chart below, BUT sold out yesterday because, similarly to the last breakout posted here, this stock never seems to follow through.)
    Short SPY 6/12 320 calls (This was a holdover from a hedge on yesterday's FOMC play. Kept it when that weak close materialized off the H&S)
    Long 6/12 SPY 318 puts

    I'll be very honest, I wasn't fully firm with my bearish sentiment due to the market's exuberance. So I'm not gonna come here and tell you I saw it all coming. However, I was expecting yesterday's move to 3187 to happen on Tuesday, and when it didn't materialize, I went into observation mode in case we went to 3246. I actually had 325 calls yesterday too (licked my chops on that play).

    You'll notice that I play a lot of options and it's because it helps, if structured appropriately, to take away directional bias and still make a healthy profit. ES is often a supplemental play for me based on a conviction on a certain move.

    See below for AMD chart. The extent and strength of the move gladly surprised me.

    upload_2020-6-11_7-50-32.png
     
    #25479     Jun 11, 2020
  10. Relentless

    Relentless

    Nice! Thanks for the write-up.

    I've been long TZA since Monday but that is my only current position.

    I find the option stuff very interesting. Do you have any suggestions / recommendations for educational resources? Learning options application has been on my to do list for hedging among other things.

    Otherwise looks like you've got some good positions on there! Best of luck with them.
     
    #25480     Jun 11, 2020
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