S/R Emini Journal

where are the Delta guys today?

 

I don't think you need Delta info right now

 

Pincessa,
I have been building positions on the Q's since July. I tend to do straddles and strangles on my option trades and somtimes they last for months. My latest position is that I sold all my 37 and 39 calls and bought some Dec 42 calls and 40 puts. I also have puts at 39 and 36. I do this so that I can try to trap the market and catch a big move with several layers in either direction. I have been posting in here and on Romiks Divergence journal about these trades.

 

average short 1328.87 now and stop reduced to -1.25% of TC

 

Judging by my calculations you should be on the positive side today. All the best to you and yours.

 

I have got to cut out shortly so I doubt if I will get to make a trade today.

 

Gary, on the volume-
do you use a five minute chart?
Alan

 

Not necessarily for volume but I do for trading the flags which I use volume for. Looks like we have a bearish flag forming now.

 

I think we may reverse here at 12:45-1pm. I see negative divergence in YM & ES and positive in ER2 and NQ.

 

IMHO unlikely, depending on what reversal you are referring to, I was commenting on reversal to the upside.