I trade everything around the $ES. My trading plan for $ES
is all trend based. I sold one $ES contract on 2/20 with a
break of the trend on the Daily. And I am not trying to brag
about the trade, I just want to show you that when the conditions
are ripe and the leverage you have with $ES futures. Then I
use the SPY system with an another account. This working
position allows me to take some loses on the SPY system trades.
Now if the market bounces Monday, I will be profitable on the
last SPY option trade in the SPY system, and I will close out my
$ES position. This gives me the ability not to panic and let
the trades work out. This is how I hedge but always going
with the market trend with overall trading bias. The second
file is a chart of the SPY daily. This breakdown was no
surprise. You had huge bearish divergences on RSI, MACD,
spinning top and a break from a megaphone top. This set up
was the same the break in 2008. The market was already
deteriorating and the Coronavirus was the match that lit the fire.
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I trade everything around the
Posted by ssaffer on 1st of Mar 2020 at 12:55 am
I trade everything around the $ES. My trading plan for $ES is all trend based. I sold one $ES contract on 2/20 with a break of the trend on the Daily. And I am not trying to brag about the trade, I just want to show you that when the conditions are ripe and the leverage you have with $ES futures. Then I use the SPY system with an another account. This working position allows me to take some loses on the SPY system trades. Now if the market bounces Monday, I will be profitable on the last SPY option trade in the SPY system, and I will close out my $ES position. This gives me the ability not to panic and let the trades work out. This is how I hedge but always going with the market trend with overall trading bias. The second file is a chart of the SPY daily. This breakdown was no surprise. You had huge bearish divergences on RSI, MACD, spinning top and a break from a megaphone top. This set up was the same the break in 2008. The market was already deteriorating and the Coronavirus was the match that lit the fire.