ES Journal - 2019/2020

There is some magic at the 2455 ... definitely a crime scene of sorts

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My entry on that pullback was 70 on the bar takeout

 

Headed out to swing room. I'll check in on the rip a little later. Talk to you soon.

 

Depending on volatility, I tend use a much longer bar than you as I generally am looking at swing positions that may represent partial hedging of my option positions. Right now I'm using a 30 minute bar. Yes, I chased badly, but at least it was on minimal size. Now looking at buying a April 9, 2020 2470/2340/2210 ES put 'fly @ 20.00. Positive theta trade with neutral gamma. Delta the equivalent of 1 short MES per 'fly. If filled on the 'fly, I may put an order for another while closing out my short MES at the market.

 

Banks ,airline and cruise ship stocks all heading back near lows.

 

Leaning long down here.....

 

Long 71

SL 64

 

Out 82

 

Filled at 20.00. Now it would be glorious if my buy stop held on my MES position.