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Updated September 7, 2012
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August 15th, 2012, 04:07 PM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
Fadi
Yeah no volume whatsoever hehe :-)
this is very strange for an options week; never seen this before although in august volumes usually dries out, but this was extreme :-p
Also August is not a major month for option -- Sept for sure
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
August 15th, 2012, 04:21 PM
Luxembourg
Experience: Advanced
Platform: NinjaTrader
Broker: IB / Kinetick
Trading: ES, CL
Posts: 484 since Apr 2012
Thanks Given: 667
Thanks Received: 648
dario1
Also August is not a major month for option -- Sept for sure
Agree :-)
Successful people will do what unsuccessful people won't or can't do!
August 15th, 2012, 08:48 PM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
Key news for tomorrow, Aug 16
08:30 Building Permits
08:30 Unemployment Claims
10:00 Philly Fed Manufacturing Index
10:30 Natural Gas Storage
Still long btw
August 16th, 2012, 03:23 AM
Luxembourg
Experience: Advanced
Platform: NinjaTrader
Broker: IB / Kinetick
Trading: ES, CL
Posts: 484 since Apr 2012
Thanks Given: 667
Thanks Received: 648
The dollar is inching high high high this morning :-)
it will bring down commodities and gold for sure, but also the indexes and all equities in general.
Let's see, there is on the other hand a huge bond selling action taking place overnight during the Asian market hours that is alarming... Worth keeping an eye on yields.
Successful people will do what unsuccessful people won't or can't do!
August 16th, 2012, 07:33 AM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
Fadi
Not a real
double top , but a significant high.
Connect the high of 2007 to the high of 2012 and you fall right on the high of today's action on the S&P500 index.
@Fadi
what will be the ultimate double top for EC
August 16th, 2012, 07:45 AM
Luxembourg
Experience: Advanced
Platform: NinjaTrader
Broker: IB / Kinetick
Trading: ES, CL
Posts: 484 since Apr 2012
Thanks Given: 667
Thanks Received: 648
dario1
I assume you mean ES :-)
It would be 1413.50$ and I think there is a high probability we tag it before September's drop...
Successful people will do what unsuccessful people won't or can't do!
August 16th, 2012, 08:03 AM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
Fadi
The dollar is inching high high high this morning :-)
it will bring down commodities and gold for sure, but also the indexes and all equities in general.
Let's see, there is on the other hand a huge bond selling action taking place
overnight during the Asian
market hours that is alarming... Worth keeping an eye on yields.
Canadian dollar is up a bit (0.04) relative to US too
-- although it's a highest level since May
Fadi
my bad -- just woke up
August 16th, 2012, 08:25 AM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
Fadi
It would be 1413.50$ and I think there is a high probability we tag it before September's drop...
Now that's interesting
I know you’re a head of the crowd could you kindly elaborate bit more on the September's drop...
thx
August 16th, 2012, 12:20 PM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
dario1
Canadian dollar is up a bit (0.04) relative to US too
-- although it's a highest level since May
Btw, please take a look were ES was at that time
Observe & learn
August 16th, 2012, 04:42 PM
Ontario, Canada
Experience: None
Platform: NT
Broker: IB
Trading: gold
Posts: 404 since Jan 2012
Ok, here is an update on my current trade
I'm still Long since Aug 14 (made a mistake should enter bit later for extra few points please see the image).
Now the interesting part of the discussion is where the ES will go from now??
And I have a hunch that tomorrow there will be many surprises and many unhappy campers
– thing to remember: 95% of the herd will lose money
cheers
Last Updated on September 7, 2012