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i got ndx puts as well nolerman...picked up 4500p at 4.90 3 contracts...holding NAT 16C at .30 as well
NAT here is a good play IMO
Sure would like to see the markets gap up tomorrow. If it did there would almost be a guarantee that i would buy puts in NDX. I just think it is time for the markets to drop again and would feel more comfortable if they did, about going long.
what time is that one? i wAs trying to find it.
i have to say i agree because i was looking at the macd histo and the daily went red at the eod on friday and the 4 hour stopped short of the center line. there is a chance that it gaps up monday but if it does i will likely short the market.
I know that's what the charts charter showing on the index but Apple looks like a long play next week Google and Amazon and ISRG all have similar charts and look like a long play next week. so I wonder what gives? it would be difficult for the market to go down next week if all four of those stocks go up.
googl looks like a good call play for next week. maybe 590C area. its primed to move up based off technicals.
whats your take on ndx next week? higher or a retracement?
cool 60% is pretty good...whats the r/r on the success rates? $2000 in 6000 out, $2000 in $2500 out
if you have time send me an email because i only have 15 messages per day. hammy.electronics@gmail.com
whats the success rate in ur experience?
agree with vish...pcln is big about gap and traps
i do freestockcharts but not stockcharts. above the green line method? i will check it out
thats a good post. the trouble is it is general. i like things to be mathmatical and at the moment their not. The strategy that i believe would work well for me is vertical positions but i have to be level 3 and a minimum of 10K in my account.
i have been trading for a long time too and i do understand a lot of different techincal analysis but i do not know how my understanding and use of TA compares to how you or vish use the TA to find ORB's for morning trades or how you determine after a ER of a big company like googl or nflx that you can do a trade and double up.
i know you mentioned the vix intraday for direction and then timing your entry for a reversal no sooner than 9AM to let the IV evaporate. That makes sense but then it still comes down to how did you know the direction of the vix? at anytime the vix could change directions so do you look at certain Techincals to determine the direction and do you consider the vix a leading indicator of the market? i would assume so otherwise why not apply those texhincals to market indices or just regular stocks if you can determine the direction of the vix using those technical analysis techniques. i guess my problem is trying to understand how other people do it as it opens my eyes to alternative ways. i have never been able to get kraiggers technique to work consistently. i wish i could and he seems very confident in it but i must be missing something.
As kraigger would say everyone drinks the koolade and thinks they need to trade constantly. Thats not true though you dont have to trade everyday.
To me it is too difficult to keep track of so many strategies. i want to specialize in 1 specific strategy. For instance maybe i want to try and find a pattern that occurs infrequently but it has a very high probabilty of producing a daily large green candle or daily large red candle (and the difference can be ditinguished by DI+\- for example). That last statement is not true of course, but it is an example of what i am looking for. Why spend hours looking for a play? Let the play come to your terms.
but many times the first candle will be one direction and the next candle reverses back down. how do you distinguish between, the first 15min was a green candle, should i stay long or plan for a reversal short?
FB today was a good example, it went up first at open and then a few minutes later switched directions and tanked and then 20 minutes later switched directions and came all the way back to open price the rest of the day.
when you look at intraday movement do you have rules or strategies that give you an indication of what type of daily candle you are going to produce?
daily candles examples: tall green, tall red, short green, short red, crosses, hammers, etc...
gap and crap versus gap and run
gap down and run, or gap down and tank
there are just so many scenarios and options of the way a particular stock or the market indices as a whole can act. You dont have to play all scenarios but pick the scenarios that provide the best probabilty of success. this is why i continue to quiz everyones strategies. i want to put together an optimal strategy that provides the greatest probability of a win. i dont have to play everyday if thereis a strategy out there that nets a win 80% of the time. maybe there is something out there that only happens once a week but when it happens it is almost a sure fire victory.
hammy.electronics@gmail.com
shoot me an email vish when u get time and i send you a few followup questions. im trying to find a system that works more times than not.
wtf? is that for real?
whats ORB?
so may I ask what is your strategy on the 5, 10 and 15 minute charts because what I use don't typically work. what indicators do you look at and what is it that triggers your by either short or long?
my opinion on LinkedIn, is if he continues to hold around the 210 mark it will be hard for me not to go calls in the morning on the first the dip. The earnings report was not bad and based off what I'm hearing the conference call is not bad. so there's really no reason that this should have went down this much.
i'm really looking at linked in because I think earnings were OK on this one and if it drops below 220 tomorrow morning I think you can go all the way back up to 230
agreed and I really don't like gaps because I always get concerned about a fade
it may be a good play tomorrow though. the results were good
if Google were to make a run tomorrow are you thinking it would be a gap at open? i'm just trying to make plans because I don't have any funds available to invest today all my funds will be available tomorrow.
I was considering google next week calls of 590.
Which direction on the candle and what do you think about Google going into next week
not sure if that will happen. it could go back to 209.50...at this moment it looks to be opening up right below resistance at 210.20 area
i see that...on the weekly right?
expectation was 2.9?
seems like a no brainer. i wonder if the calls should be this week expire or next?
My thoughts are if FB dips back to 94-94.50 range then it will be time to buy maybe 97-98C
oh i watched that one yesterday. it was killer.
whats the ticker?
FB still on ur bounce list play today?
yeah i played googl long....what do u see on amzn?
maybe 100C at $3?
nolerman u think we rally after the fomc or drop?
googl is sucking
i havent yet but lvs did do okay so wynn could be in the same boat but i think it has to be close to the money.