Wednesday, May 17, 2017 8:28:07 AM
been playing with a 5ema, 15ema and fib pivot points for entry and exits.
played a MSFT MayWk4 $69 call,...underlying price at the time of option trade was $67.45.
the pattern is every time price drops to the 15ema it bounces back up to the 5ema and rides up the 5ema until price hits the top of the 5ema and within a period of time,...ex;
April 19 price hit $64.47 and hit the 15ema,...then literally the next day, April 20 until May 10 it rode the 5ema until it hit a price of $68.92 and moved back down to the 15ema for a few days then back up to ride the 5ema again.
i'm still looking at volume and how it is driving the price and how it can be viewed to see the pattern about to begin.
played a MSFT MayWk4 $69 call,...underlying price at the time of option trade was $67.45.
the pattern is every time price drops to the 15ema it bounces back up to the 5ema and rides up the 5ema until price hits the top of the 5ema and within a period of time,...ex;
April 19 price hit $64.47 and hit the 15ema,...then literally the next day, April 20 until May 10 it rode the 5ema until it hit a price of $68.92 and moved back down to the 15ema for a few days then back up to ride the 5ema again.
i'm still looking at volume and how it is driving the price and how it can be viewed to see the pattern about to begin.
invest at your own risk, based on your own due diligence, at your own risk tolerance
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