Market Calls

Discussion in 'Journals' started by inandlong, Apr 24, 2005.

  1. Double top confirmed sold 10388.

    I'm not giving this too much room 10395 stop.

    First target 10360 area.
     
    #511     Jun 28, 2005
  2. This isn't looking good so I'm scratching this one b/e too.

    I will re enter short later if I see somthing then.

    sheesh :)
     
    #512     Jun 28, 2005
  3. MAESTRO

    MAESTRO

    Your entries are fabulous, but the problem is - you don't allow them to materialize. The double top call was correct but you did not believe enough in it your self. IMO you need to have different repair strategy other than stop loss and jumping out. Your sense of the market moves is well developed but your trading style is too jittery. Sorry for the this straight talk but I mean well and only try to help. Anyway, your market calls are very refreshing. Thank you.
     
    #513     Jun 28, 2005
    beginner66 likes this.
  4. The problem right now is that ES did not make a double top but is still working on a new high. This may be the top but could also be a trend day up. Have to wait a bit. Why are you so sure about the double top Maestro?
     
    #514     Jun 28, 2005
  5. Thanks for the straight talk.

    I don't agree totally but I have been a little jitery this last week.

    Summer came in hard this year and it's been a radical change in climate.
     
    #515     Jun 28, 2005
  6. MAESTRO

    MAESTRO

    If I may, I have another view to offer. ES is exhausted! The news is getting worse and the black cloud of oil is still there. The afternoon will probably have a very light volume and a lot of profit taking. I'd be slightly negative using different option constructions to create a small negative delta with neutral vega and descent theta.
     
    #516     Jun 28, 2005
  7. I'm still long. Expecting the rally to continue, and closing much higher than we are now.
     
    #517     Jun 28, 2005
  8. Hello.

    STJ (STJHI) Aug. 45 calls are getting juicy.
     
    #518     Jun 28, 2005
  9. MAESTRO

    MAESTRO

    Good man! I was just placing the order to sell 20 of those! Excellent!
     
    #519     Jun 28, 2005
  10. MAESTRO

    MAESTRO

    Its hard to work from the hospital, but I'm there with you. :)
     
    #520     Jun 28, 2005