If anything, today taught us how important it is to determine your levels in advance and to always trade accordingly. If it wasn’t for that my FB calls would have turned into a huge loss. Instead I stopped out pretty … Continue reading →
SPY on the 30min chart went from overbought to oversold on the TD-pressure indicator, in one session yesterday. The mentioned 127%XA and 261.8%BC levels were rejected as well. mentioned that these events should be used as stop against any long … Continue reading →
Not much has changed since our last post. The only exciting thing was the catch of the low on the 24th. I’ve been sitting dormant since then; holiday, and some programming. Starting with the updated 60min chart we’ve been focusing … Continue reading →
I don’t usually post trades in hindsight. But mentioned two SPY trades past 2 days on twitter, that worked out well. And can serve as good examples on how we use the Harmonic indicator for weekly option trades. Specially for … Continue reading →
A small pullback in the first 30minutes at the 161.8%XA level, gave us the opportunity for a trade up to 207, according to plan. From the high we saw an AB=CD with a low PRZ target of 204.88. called it … Continue reading →
quick update on ES. last night we saw a AB=CD forming of the lows. With the C point we calculated an entry >2010.8 That was surpassed quickly thereafter, but fell back a little during the night, but never traded below … Continue reading →
Quite honestly I don’t know what to say or think about last week; after having alerted on the bearish option flow on the SPY in particular all week. And then to see the Paris attacks unfolding Friday afternoon, just took the … Continue reading →
Over the past three days we’ve seen Bearish optionflow on SPY while it’s slowly been moving of the Monday low. Put buying is decreasing a bit, and Call buying increasing a little, but the ratio is still bearish: On a … Continue reading →
Trading earnings is always a near shot in the dark. We can observe optionflow ahead of earnings, look at patterns. But you never know what’s going to happen. Therefore I always advertise to trade the options ahead of time, and … Continue reading →
I hope some of you followed in holding some calls over Earnings. We started out trading this week’s 102 calls since Monday when they were trading at $3.30. To minimize risk I recommended on twitter to sell enough in order … Continue reading →
