I did buy ES this morning at 39.50 over and above my hedge looking for 45....stop at breakeven on that particular lot size.
My plan
Started by
eminimee
, Sep 28 2007 08:24 AM
5 replies to this topic
#1
eminimee
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Posted 28 September 2007 - 08:24 AM
Will be to sell my ES hedge and look to short ES either when OEX hits 717.60 or ES drops below 1437 for more than a quick peek. Mental stops not determined at this point but will be fairly wide . Presently short NQ at average 2113.50 and long ES at 1434 as a hedge...no stop on NQ as long as my hedge is on. The hedge does sound dumb but I had my reasons. If I'm not too stressed out....I'll try and update here.
I did buy ES this morning at 39.50 over and above my hedge looking for 45....stop at breakeven on that particular lot size.
I did buy ES this morning at 39.50 over and above my hedge looking for 45....stop at breakeven on that particular lot size.
#2
eminimee
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Posted 28 September 2007 - 08:48 AM
Sold this mornings scalp lot at 1545
#3
Iblayz
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Posted 28 September 2007 - 09:48 AM
As of this moment, if current prices hold I will have sell signals on the recent leaders.....QQQ, NDX and Comp. If current open, high, low prices hold, for instance on the Q's, they will have to close at 51.47 or higher to avoid the cross. I am not excessively bearish here because of the structure of the SPX but various indices are very out of sync. Financials are a major drag on the SPX. As of about three weeks ago I made the decision to switch the bulk of my trading to SPX futures. I have been evaluating platforms and brokers (may not move anything except two accounts to a current broker from AMTD). But if I see a setup in the silly index (NDX) I will take the trade.
#4
eminimee
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Posted 28 September 2007 - 10:34 AM
I just dropped my ES hedge at 1540.25. Haven't gone short yet though. Mental top on nq short at 2125. ...My hedge and the few scalps I made yesterday and today would make me just about even if stopped out there.
#5
eminimee
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Posted 01 October 2007 - 05:31 AM
Monday morning...went long ES as a hedge at 1438. ..against nq long again.
#6
eminimee
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Posted 01 October 2007 - 09:28 AM
Dropped hedge at 1549.50...not short es yet....may want 1553. Mental stop on nq short now at 2130. That's about my break even spot with trading the es hedge.
PS: Reason for the hedge is that my nq short position is very big (big for me anyways) moving at 750.00 per tick but I dont want to let it go....I think nq will dive faster than ES and has been diverging for two or three days now.
Edited by Teaparty, 01 October 2007 - 09:31 AM.
