ES Journal Archive (2011)

spx hns

 

trying to sell 111/113 Aug SPY put spread @ .69, gonna need a decent drop to get it

(no stop, max-loss of 1.31 per spread)

 

Its possible if it holds.

I do not feel it will hold but I could be wrong.

Ask me again after fed day tomorrow.

 

-4 past daily range (Is this the beginning or just holding pattern)

 

Wow...stopped me out plus 3 ticks and then 15pts in my favor. Cant catch a break today.

 

5 Contracts taken off on all positions @1140.75
25 contracts Remaining

Stop moved to 1188 on main position
Stop @ 1172 on add on position

1140 has been hit.

Next Target is 1125


We are -11 from daily range

Go baby Go

 

Stop was to small for this votality both on the 30 min and 15 min chart I am seeing the need for a 17 point stop

So less contracts and bigger than normal stops.

Look into the indicator "Average True Range" to get a feel for the current range of the market on any time frame

 

just added 21 lots here at 1138.75 just a minute ago. Stop at 1115 Target 1150

BE at 1144.68

 

Good stop level, we would have to really overshoot past 1125 inorder to hit your stop.

Good luck

 

long spy 114.36 1.00 stop