tag:blogger.com,1999:blog-947237681666122369.post2038406402153494654..comments2024-03-18T14:37:21.899-10:00Comments on Pretzel Logic's Market Charts and Analysis: SPX, RUT, NYA, BKX: Giving the Bears Some AirtimePretzelLogichttp://www.blogger.com/profile/11613859771824863784noreply@blogger.comBlogger301125tag:blogger.com,1999:blog-947237681666122369.post-15234694687816889172012-03-17T11:02:31.336-10:002012-03-17T11:02:31.336-10:00Thanks for explaining that. I didn't know that...Thanks for explaining that. I didn't know that "day trade" has possibly different rules at the broker level. Just one follow up question. I know that the "regular" session for ES trading is 9:30 to 16:15. Does your broker extend the lower margin requirement past 16:00 to 16:15? I'm assuming that "closed before the end of the day" means before 16:15 but maybe that's the wrong assumption.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-68966779852985267152012-03-16T13:06:48.106-10:002012-03-16T13:06:48.106-10:00Sure.
One ES contract controls notional principal...Sure.<br /><br />One ES contract controls notional principal equal to $50 times the current SPX value. When the SPX is at 1400, one ES contract controls $50 x 1400 = $70,000. The margin deposit on one ES contract is only $5000, so the leverage is $70,000 / $5,000 = 14:1.<br /><br />Day trading margin can be lower - at my broker it is only $1250 per contract for positions that are closed before the end of the day. So leverage is $70,000 / $1250 ~= 56:1.spudthorpenoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-29549958451356145972012-03-16T06:39:49.178-10:002012-03-16T06:39:49.178-10:00And btw, I just spoke with them. The account is no...And btw, I just spoke with them. The account is not bona fide until funded, which would take another couple of days. You might want to wait till end of next week to chase after them.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-2413578978935017432012-03-16T03:20:26.580-10:002012-03-16T03:20:26.580-10:00Short 1 ES at 1399.75Short 1 ES at 1399.75Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-46813236694518307582012-03-16T03:19:08.274-10:002012-03-16T03:19:08.274-10:00Okay, update's posted, let's continue disc...Okay, update's posted, let's continue discussion over there. :)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-12954392312059539282012-03-16T03:17:08.073-10:002012-03-16T03:17:08.073-10:00Hi ST, Could you please explain a bit about the di...Hi ST, Could you please explain a bit about the different leverages, 14:1 versus 56:1? What is the nature of this difference? TIADust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-40112900635798547592012-03-16T03:12:23.374-10:002012-03-16T03:12:23.374-10:00Hi UKDNY. What is the ticker symbol for Standard C...Hi UKDNY. What is the ticker symbol for Standard Chartered Bank? And could you please explain the last note about 5 = 10 days? What do you expect the wave structure to be from points 4 to 5? TIADust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-5199882469843567302012-03-16T03:11:55.325-10:002012-03-16T03:11:55.325-10:00Out of ES short at 1399.75 I want to be out befor...Out of ES short at 1399.75 I want to be out before the industrial production number comes out at 9:15Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-55029323339497945402012-03-16T03:02:41.505-10:002012-03-16T03:02:41.505-10:00Lol. I know... you get the feeling that the world...Lol. I know... you get the feeling that the world could be a very different place by the time you step back out.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-79439752022852371022012-03-16T03:02:28.743-10:002012-03-16T03:02:28.743-10:00what are your level to go short ESM2 and NQM2
thk...what are your level to go short ESM2 and NQM2 <br />thksrescatornoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-19162421672686094672012-03-16T02:57:53.519-10:002012-03-16T02:57:53.519-10:00Thank you, katzo. It is perfectly clear.
I have ...Thank you, katzo. It is perfectly clear.<br /><br />I have a bad habit of taking a shot at the idea that a double top will form at the price level where you have your #3 labelled. Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-20957649137058086262012-03-16T02:53:46.404-10:002012-03-16T02:53:46.404-10:00I hate going to the bathroom.I hate going to the bathroom.Dust Devilnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-89557084922570270962012-03-16T02:53:38.541-10:002012-03-16T02:53:38.541-10:00Short 1 ES at 1400Short 1 ES at 1400Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-32746577475648939092012-03-16T02:48:31.016-10:002012-03-16T02:48:31.016-10:00 This would be one of your shorter articles, kinds... This would be one of your shorter articles, kinds of like an Easter Egg to find :)SpikerJnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-60824904474967727262012-03-16T02:31:03.740-10:002012-03-16T02:31:03.740-10:00Lol! It sure feels like it.
Well... they can s...Lol! It sure feels like it. <br /><br />Well... they can see all the individual orders, so if your order is not moving... you must be away.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-66614266287745606012012-03-16T02:29:27.980-10:002012-03-16T02:29:27.980-10:00Thought we already had the panic move. ;)Thought we already had the panic move. ;)Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-47541872413604997352012-03-16T02:22:40.834-10:002012-03-16T02:22:40.834-10:00 Not expecting a blow-off panic-buying top? Is a p... Not expecting a blow-off panic-buying top? Is a panic top necessary or could we just get a choppy sideways top?wwtradernoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-37323122766685952372012-03-16T02:16:46.048-10:002012-03-16T02:16:46.048-10:00 Authentic,
Look at the 15 minute ES, it has basic... Authentic,<br />Look at the 15 minute ES, it has basically been going sideways since noon yesterday. These are basing actions for a move higher.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-57047765491532146262012-03-16T02:12:57.284-10:002012-03-16T02:12:57.284-10:00The ES MMs know when you go to the bathroom.The ES MMs know when you go to the bathroom.katzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-213125136350049792012-03-16T01:59:26.746-10:002012-03-16T01:59:26.746-10:00Agree. I'm expecting a choppy sideways day wi...Agree. I'm expecting a choppy sideways day with a slight upwards bias.Pretzel Logichttp://PretzelCharts.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-26666418914200977782012-03-16T01:55:14.510-10:002012-03-16T01:55:14.510-10:00Thanks.
My point is that I would have exited manu...Thanks.<br /><br />My point is that I would have exited manually around 98 or 98.25, but I was away, so my default stop was hit.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-51026318962117857042012-03-16T01:43:01.612-10:002012-03-16T01:43:01.612-10:00wait til it breaks, not ready yetwait til it breaks, not ready yetkatzo7noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-51429587548311008382012-03-16T01:40:21.173-10:002012-03-16T01:40:21.173-10:00Stopped out at 98.75... while I was in the bathroo...Stopped out at 98.75... while I was in the bathroom. You can't even do that while you have a position on.Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-82710468129961355572012-03-16T01:19:18.707-10:002012-03-16T01:19:18.707-10:00Went short 1 ES at 97.25Went short 1 ES at 97.25Authentic1noreply@blogger.comtag:blogger.com,1999:blog-947237681666122369.post-7524255325407618232012-03-16T00:19:16.760-10:002012-03-16T00:19:16.760-10:00Still getting a push to 1403 to 07 ES thru EWT. To...Still getting a push to 1403 to 07 ES thru EWT. Too early to buy $VIX fear products, put TLs on these items and don't rush the entry. Not much happened overnite.katzo7noreply@blogger.com