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You do not deserve a response.
Thanks for putting me on ignore.
Footquarters,
OT
Thanks for kind response and prayer. I hope to keep my words so no more religion talk. I am really happy you found God in your life.
If we want we all can find him he lives closer then our Carotid artery.
May God bless you and every one more, we all need his blessing.
Farooq
steveftw,
Well said, I admire the board for trading. Problem was moderator and assistant keep making religious remarks. At some point other readers do respond. I will try not to post any thing other then trading.
Farooq
steveftw,
Well said, I admire the board for trading. Problem was moderator and assistant keep making religious remarks. At some point other readers do respond. I will try not to post any thing other then trading.
Farooq
Any person who is killing Innocent people will suffer for eternity, law of God is not different for Muslims. His laws applies on every one.
Irony is Islam is Hijacked by 1 % extremest and we all are giving them more attention which they are using to attract innocent mind.
In Afghan war with Russia we said to them they will go to haven if they fight non believers now same people we trained usuing same tactics against us.
How Islam comes in it please tell me. No religions teach killing, Period.
I am in strong favor to eliminate all terrorist by all available means. No if and but.
Farooq
I am not justifying suicide bombers, emphasis is on Innocent killing.
Shame on that morality which allow innocent killing.
How could you Justify that?
In your view a Muslim kid is not worth living?
When American commander allow a attack and he knows there are innocent people he is committing war crime, and he will be and should be prosecuted for those crimes.
I did not know people could have that much hate.
American soldiers have every right to kill those who are attacking them, but not innocent families in a house.
Footquarters,
"You need to be more sympathetic to those that constantly blow up innocent children and bystanders"
That is true for American soldiers who are killing innocent kids women and bystanders in Iraq and Afghanistan, that they call Collateral damage.
All religions wants to take you to God, we are his creations we all are his images, in reality he has no son, no wife, no daughter. Those who believe Jesus is God need to think what is there concept of God.
I believe in one God and that is the God, I also believe Abraham, David, Moses, Jesus, and Muhammad were his messengers.
Saying it and accepting the above mentioned sentence is only requirement to be called a Muslim. How in it comes hate for any other religion?
Teaching which are given by human beings are culprit. God is not teaching hate, if one teaches that I do not believe in that God.
Concept is God created prophets among us so we can follow.
Why God created human being?
Islam only allow me to fight for my protection, it does not allow me preemptive strike, Mr.Bush policy that I have fear your great grand son will kill my great grand son so I am killing you today is wrong and no religion or law allows that action.
911 was a heinous crime and those who did it will go in the hell, my religion does not teach that, that group should be punished not all Muslims in the world.
All who are killing Innocent Muslims will also go in hell just like those who killed innocents on 911.
There is no true Muslim country in the world.
Prophet Muhammad never stopped other religions from preaching so how any one can ban them. It is true USA has more qualities which a Muslim country should have.
Hate is because of illiteracy, Muslims are way behind in studies, education create tolerance and understanding. When all religious organizations will stop teaching hate then there will be one religion humanity, and then people will only pursue the love of God. That time will come I think so things always look darker before sun arise.
We agree on same goals but we are trying to reach in different way, so we should not hate each other for that reason.
Peace and Happiness for you and the board.
Two-timer,
Just my observation from your post, you give more weight to Bradley turn date then your own analysis. Is my observation true?
How do you determine on Bradley dates that coming one is down or up date?
I think June will reaffirm a new Bull market.
People usually does not invest in bear market so if conspiracy theory is true then bias of market need to be kept up so people keep investing in 401K and other retirements account. They are bigger source of money for wall street then any thing else.
Most plans are offering foreign funds so in aggregate our historical returns will be low. In last four years they are out performing USA broad based funds. This is just another observation.
Happy trading.
Farooq
lexi2004,
In options you need to have trend or direction in your favor, In my experience I have seen anticipation of trend change cost the most money specially in short term options.
Using stop tells you that you are wrong and sooner you admit your mistake better it is for your financial health.
Happy trading.
Edit: fasttrade, I am staying short till EMA 50 and other indicators confirmed it. it is trying to over come on it.
xxxBOBxxx,
Thank you I forgot to mention it.
Farooq
GLENO34,
Thank you for your prayer, I promised to do the same for you.
I hope you will keep believing in One God and that he is able to do any thing and he does not needs any one's help and he is The creator and no one has created him.
God may keep you in peace forever.
Farooq
GLENO34,
OT,
God could be called with any name which describe his qualities,
Ignorance is blessing for you I have read Bible at age of Ten because my Parents were not afraid that I should not read other religion, have you ever read Quran?
Do you know how one become Muslim?
You are saying when Christian do a sin against humanity he will not be punished?
As Muslim every man is responsible for his own act. I do not need intermediary to reach God.
I feel sorry for you because you are attacking with out knowing any thing about Islam. Have you ever thought that if at judgment day you proved wrong where you will end up?
For your information Jews, Christians, and Muslims all believe in One God that is why they are called Monotheist religion. Difference is created by those who do not work and just sell religion, weather he is Rabi, Pastors or Imam.
My Allah is not just my God he is God for the whole world weather some one believe him or not. He is ready to forgive any one who ask for it, and to ask it one does not need inter-mediary. I personally believe sin against humanity will not be forgiven with out punishment.
Muhammad and Jesus will be worried about them self on Judgment day so we all will be responsible of our own deeds on that day and that is every religion is saying.
GLENO34,
Long term trader should stay short till EMA 50 taken out on closing basis.
LSMA telling some chance to go up to 34 EMA, rejection will confirm down ward move to S3.
Short term trader can close short at second LSMA test and go long on second test of LSMA @ 47.95 for 20 Cents move. If I will take that trade I will put my stop just 10 Cents underneath but keep stop with me, Market makers are notorious to running stops.
I am not a very good trader as you know, these are just my way of trading.
Happy trading.
Farooq
leftyg,
I love USA for freedom of expression, Jokes are Jokes.
Media portray Muslims as terrorist but most love God like you do we Just calls him ALLAH. We love Jesus like we love Muhammad most American do not know that fact.
People who kills innocents will go in hell, that is true for every religion and if any Muslims does that there is no exception for him either.
I hope I have not offended you too.
I think fundamentals always lead, TA only follow smart money, like my friend Roy says,
"It has gotten to be mostly that it's impossible for us retail traders to know nearly as much as the professionals, and they're always ahead of us.
But they cannot hide their tracks in the trading. That's where the technical analysis comes into play. It's complicated in theory and practice, but it can be learned. Some do better at it than others."
When we think it is leadings us and we place before they show there hand that is the moment we loose.
Thanks for sharing your work.
Farooq
be,
Here is chart showing todays action on 5 Min chart,
EMA 10, 21 (Green),50 (Red), and LSMA 34 (yellow) on the chart.
Be,
Here is my 2 Cents once you have 25 Cents profit make 8 EMA as stop and once it is 50 Cents stop could be 34 EMA or 21 EMA.
Sell at support and resistance once you reach there.
Try this theory in real time and keep record, Trick is not taking trade against 8 EMA.
Just a suggestion, you are a better trader then me I know that.
Happy trading.
lexi2004,
I rarely trade individual options, so I am not competent enough to give any comments on it, Sorry.
I trade F (Ford) options and they are leaps.
Do not loose all, put stops if you have profit.
I think you know what you are doing.
Good luck.
Roy,
100 % was for today's portion which I realize I never posted, it was 6 X, I sold 7 X and 1 X is left.
IB average cost and show average cost so my post was because of that factor sorry for confusion, I posted on NJ.
I decided to write here also so things should be clear.
Congratulations on great trades.
Farooq
Sold 1/2 of my May 49 Puts for 100+ % profit, these were bought with house money still good to bank some rest I like to see 2 $.
Indicators are say they are over sold but 34 EMA says no chance, I just like to bank some profit.
Aggressive traders follow the trend.
Farooq
Hi Roy, Good after noon,
AS usual you are showing you are master of the trade.
I just sold some QID for 50 Cents profit, I did not sold any May 49 puts I hope to get 2 bucks for them.Trying to stay put under 34 EMA.
OIH put was sold for 17 % profit, liquidity is very poor so I will not trade much till I see big move there.
IWM and QQQQ are the best.
Ollie is doing great, when she will be back I like to write one note to her.
Happy trading every one.
Farooq
Edit: Have you noticed how EMA 8 kept Long in all this move, look at chart I posted in IBOX to compare time difference on daily charts. I will remove older chart tomorrow.
smartone,
My thinking is to always trade my set up, but from Wednesday my thinking was influenced by some posters I respect.
Theory of over bought and over sold usually does not work in extreme trending market, best thing to stay with trend.
But we all forget some basic lessons some time, I am more frustrated by missed opportunities then losses on QQQQ May 48 puts and Now May 49 puts which are in red.
Now we are trying to close below EMA 34.
Stay long till trend takes you out.
Happy trading.
Farooq
Beerworld,
I was away from my desk so sorry for delay in reply.
EMA 34 @ 48.80 at this time and rising. Prices went above it at 10:45 and remains above it. We are in process to touch 49.20 and then 49.70 area.
I will take another loss on my puts tomorrow, but I just like to see what happen in next week.
It will be first time in OE month we have more then 4 gaps in last 2 months and we have not filled any one of them, which shows the strength of the market.
Most of the boards are negative, easier play to go against them.
Negativity affect all of us, me included.
Last time we touched 20 EMA is seems long time ago.
Bulls rationale is usually understood when it is over. I have some calls which I will sell at close or 49.20 which ever comes first.
Happy trading.
Farooq
Another RT for 18 Cents, Now long again from 39.30 again same 39.00 stop, will sell soon.
Farooq
Edit: Sold at a loss of 10 Cents done for the day see you all tomorrow.
Sold them for a loss @ 62 Cents today, and bought 49 Puts for 75 Cents.
Farooq
Edit: I will become aggressive in shorting if we stay below 34 EMA for 30 Minutes, other wise I am just taking 10 20 cents.
Sold @ 39.47 for 20 Cents profit, order is in to buy again @ 39.30 stop will be 39.00 again.
Farooq
Long QID @ 39.27 stop 39.
Farooq
DCR will be liquidated on 30 th of JUNE 2008, is that correct, and above 120 crude there is no value left in that issue?
Any info is appreciated.
Chris I am out of May 49 puts at 93 Cents.
Seem signal wants to try long again so bought calls, May 48 @ 1.10 and 1.09 tight stop 1.05.
I am willing to sell early too.
Farooq
Hi Chris,
I am out of QID @ 39.60, signal changed. But still holding puts.
Welcome back to the pit, it is about sharing and if you like giving the reason why you are doing what you are doing. Writing has improved my trading and I think it could do same for others.
My set ups are in IBOX.
Farooq
Now Long QID from 39.27 and long Puts May 49 fro 75 Cents.
Long QLD from 85.90, Stop 85.55 but trail it up.
Long May 48 Calls 1.18, Stop BE.
Farooq
Edit: Calls gone for 1.28 for 10 Cents profit.
QLD sold for 87.10
Myself °¿°,
Congratulation on win.
Farooq
fasttrade,
Sorry for late response, I am busy and in next few days also so I bought puts, I was way early, but my order to sell them is there for 1.40 so we will see.
Good luck.
Thank you for sharing your views.
Farooq
Two-timer,
We may have 1-3 days more upside, Speculative money goes to Nasdaq usually and they are selling commodities.
Market will test there resolve, This OE is going to be interesting.
I could be totally wrong.
Farooq
Ollie,
Congratulation on successful debut.
Just be care full its jungle out there. I know you will be.
Farooq
I was out for afternoon, I read your posts, I am glad you cover your losses from yesterday and some more, Congratulations.
Farooq
OT,
These questions are difficult to answer, but here are my views, I am a Muslim, and I love America, because I can not practice my religion better then this country in any other part of the world. It offer every thing which human being want, among them is freedom of expression.
First I am a Democrat but I do not bash every action of Republicans.
I admit Mr. Bush is doing what ever he could, every president is a patriotic person and we could not expect any less from any one in that position.
Most of the Muslim world do not used to hate America, they hated American Administrations for supporting Monarchs and Dictators in Middle east. Who corrupted the whole nations and used there resources to luxuries and nonproductive issues. Now hate is because of bias media which portray that millions of Muslim are killed in Iraq and Afghanistan, that media include Aljizeria, sensational journalism and Internet.
Now Mr. Bush has pushed some reforms in that directions and new breed of rulers is using resources for future, although because of life long corruption there decision are not pure but hopefully they will changes lives in UAE, QATAR, Duabi, and other parts of that region. We still support Dictator in Egypt,and monarch in SA.
As for attack is concerned we full filled UBL demands, His only demand was US Army should be out of SA and so we are, so there is no reason left for him to attack us any more.
Imagine if people are committing suicides along with there children because of hunger, then how things will be. It is not they do not want to work but those rulers supported by USA has done nothing, look at Pakistan, every day there are 5-10 people committing suicides because of stupid policies of Mushraf, a substitute who is brought in is famous for Mr. 10% because Mr.Zardiri wants 10 % from every contract awarded in Pakistani Govt., What you think he will do in future, by the way USA negotiated come back of Bhutto from exile and she was assassinated in bomb attack. Zardari is husband of Bhutto.
We are in Iraq for oil and we need a base in that region, I hope you do not confuse that it is not only supply but major reason was to hike the price of oil, price of oil was low because of Iraqi oil prices were always under pressure and keep them at a sustainable level we need to be there, We will not see 25 $ barrel oil for next 20 years, IMOP.
In political debate we need to understand that every one is patriotic, we just think it could be achieved better by different approaches. Unfortunately Mr.Bush thinks he is the only patriotic person, and American should follow him blindly.
We could not keep scarifying our sons and daughters in Iraq war to keep the price of oil higher or for any other monetary gains. America never had any problem from Iraq, Israel had so let them solve it. Saddam was supporting suicided bomber in Israel and that was second important reason for war. Now if we think any terrorism against Israel is against us then we have a case.
If moderator feel it is offensive any way he should delete it.
NM,
Here is a contradiction in your post and 4cast, you are saying 4 cast says it is going up and you are taking profit on calls and puts, which you should have left alone, if you will be confident in your 4 cast.
Question is public should watch your action or your 4cast.
By the way both are correct to some extent.
I think you are trying to teach us when to look for 4cast and when to ignore it, it is my opinion but I would like to hear a detail answer from you on this topic when you have time.
Your morning post need to be edited I think you posted a previously saved copy, LOL.
Thank you always for insight and kindness of sharing.
Happy trading and peace.
Farooq
At 3:00 PM that is the print.
Half Hourly Volume Report for Selected Indices For 5/1/2008
DOW Industrials S&P 100 S&P 500
Time Calls Puts Total Calls Puts Total Calls Puts Total
9:00 AM 343 1289 1632 1591 1332 2923 55586 43822 99408
9:30 AM 529 1775 2304 5211 2231 7442 65523 67637 133160
10:00 AM 590 2437 3027 7159 3686 10845 70100 101597 171697
10:30 AM 710 2568 3278 8438 4716 13154 81381 125795 207176
11:00 AM 741 2684 3425 8710 5053 13763 84837 131089 215926
11:30 AM 3257 4536 7793 9073 5690 14763 95744 153241 248985
12:00 PM 3860 4864 8724 9916 7043 16959 103623 165272 268895
12:30 PM 4302 5163 9465 11792 11928 23720 111994 184586 296580
1:00 PM 4409 5432 9841 12447 12628 25075 128413 206347 334760
1:30 PM 4565 5479 10044 13928 14004 27932 145032 215404 360436
2:00 PM 4702 5594 10296 16032 15090 31122 153649 229712 383361
2:30 PM 4928 6061 10989 17391 16222 33613 165324 239204 404528
3:00 PM 5018 6423 11441 19878 16658 36536 19178 272809 291987
Copied from CBOE.
Index option buyers are more correct then equities option buyer, that what commonly known. Put buyer in total is above 1.5.
Your figure is correct for total volume. Previous poster is correct also.