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Hello Everyone just wanted to let you all know that I learnt a ton of things from all of you in the past weeks.. I stayed in the shadow just to see how things are working out and now I`m going to set up my strategy for trading. I`m from Germany and I will try to post charts and my thoughts and of course my trades in the upcoming weeks if that is okay for you.
Thank you all so much for the hard work you are doing here and hopefully I can be part of this great board for a long time.
Take good care everyone and talk to you all soon
All the best
Dog
Hi there estimator
yes paying commission on my trades but therefor I have much smaller difference between bid and ask prices... f.e. AUD to USD nearly half a pip only... but as always with the brokers and so for mine too with less volume they are widening the spreads like in a run up the bid stays the same and they are only running the ask up and that doesn`t help me in this small range of prices at night... the best time for me is to trade 8am to 6pm sometimes till 8pm...
Greetings from Germany at night right now *lol.. 00:30 am already here... great explanation sg, thank you for that.. and once again I see that I have to learn some more basics words to describe my observations *lol... I printed that post of you and checked it back all evening long and you are so correct
had not much time today to follow trades but the next days I will set up my rules of trading f.e. when to scalp fast and how I can define the true reversals in my point of view.. define for me when to enter a trade and to exit and of course when to cut for a loss quick...
It`s a big pleasure to learn from you and the others here on board.
Meaning AUD / USD pair
I`m waiting.. still... 4 hour looks not ready now and 15 min still has the problem to get over 20 EMA... waiting for the price to move above the 20 EMA on 15 min right now... in additional 89EMA falling down 169EMA on 15 min right now... it needs to hold support at 1.0180.. if not we get another test of 89EMA ( currently 1.0162) on 4 hour or maybe a test of 169 EMA ( currently 1.0106) on 4 hour...
Sitting on my hands for now... at least till price breaks 20 EMA on 15 min... for now we are in channel of 1.0180 to 1.0196 ... fo rme too small to trade with the night spreads I have with my broker.. and of course the less volumne...
Great to hear I set up my screens like sg told... Watching 15 min for the direction then breaking it down to 5 min and after that trading it mostly on the 1 min chart and sometimes the 30sec charts. Using 10 EMA and 20 EMA and 89 EMA and 169 EMA and the MACD 21,34,8 right now and it is working very fine... and I find it very helpful what pennies posted today by watching the MACD on different timeframes... Made a backtest of it and realized that the biggest run ups or downs happened when all MACD running in the same direction. Also by watching the different time frames I realized how good those EMAs working as resistance or support. This all adds up to a perfect thinking and trading. Still hard to manage for my eyes and of course staying calm in my trades *lol
Hi there estimator
like I said a few weeks ago ... truly much needed the time to study everything from this board
How are you doing?
Dog
Hello simplegreen and Hello Everyone
what I realized by using the your pincher setups sg is that the pinch is on the way to run up or down at the moment the price breaks the 20 EMA up or down. And second thing I realized by watching the pinchers that there is very often a second test of the top or low after the first break of 20 EMA and after that it is moving fast in the direction of the pinch.
Do you have the same experience with that?
And to everyone on the board: Thank you ALL for your absolutely fantastic work you are doing here!! I have learnt a lot in the past weeks from you all!!
Dog
WORD YAK!! TRUE WORDS!!!! Agree 100% with you and I remember you did tell it to me over and over again!
Have a fantastic evening everybody take care and have fun
Absolutely fantastic to hear that Fedex
Fantastic to hear that Sid very good too here but I`m watitng for cookie session *lol
Thank you Fedex
How are you doing?
Good Morning Everyone I wish you all a wonderful trading day! Good Luck!
Gold tested 1600$ area from yesterday evening again and bounced nicely (30$ from there) was the fourth test of the area nice support...
How are you doing Sidney ?
Good Morning Yak I like the shadows as I`m often working into the night here *lol... Have a great start into the new day
Good evening everybody, it was wonderful to follow the board the past weeks and months. How are you doing all?
I will come back step by step now and I can`t wait to be back on fire like you guys and girls!!
You kept me alive in the past and therefore
BIG THANKS TO ALL OF YOU!!!
Dog
Green BIG THANKS to YOU YAK!!!
followed every step!!
DIE FSLR... they cost me money on the calls but the puts gonna make me golden... *lol...
Option Trades
Hello All I`m so sorry for not being around so much this week. I still have to take care of my family. I´m working on Option Strategy for the whole week bc of sleepless nights. I will update my Option Trades every week by now and showing sells and new buys. Not updating the options I`m still holding. I`ll try to write down option trades daily after market if I had done some and then working on giving them alerts realtime. But step by step! Some swings may expire worthless in May and I will post them too for sure. For now the good and bad ones let me get better in reading the charts day by day. Okay here we go for the sells and buys for this week:
1. SWKS : Sold 4 at 1.80$ (to lock in profit fast) and 1 at 2.15$ ( the one later to see how the chart and so the stock and option react after earnings and the highfly after hours. It worked) held from 0.31$ so profit on them after comission: 745$ THANKS TO YAK on his alert !!! Thank you very much my friend!!!!!!!
2. IBM: Sold half my position today so 5 at 1.13$ from 0.32$ so profit after comission: 370$ left 5 of May 175calls on the desk to see how the daily chart will work out the upcoming days. still looking good to me
3. Bought FSLR 4 May165calls with average of 1.04 per contract. A bit too expensive but I wasn`t at my compi today so lesson learnt to sit and to watch the chart before buying ( happened four times today *lol you see next 3 soon) playing the earnings next weekon this.. also it bounced of and closed on the 200MA on daily.
4. Bought CMG 4 MAy 290calls at average of 1.44$. Saw an alert on an other board and by watching the chart it bounced nicely of 55 MA and trendline 260 yesterday. We will see...
5. Bought CAT 3 May120calls at 1.00$ after that good earnings. Now watching the chart it looks good on daily but we will see if it first close the gap or run a bit more up.
6. Bought CME 5 May320calls at average 0.67$. *lol it tanked today but earnings next week and I saw some more people in the calls over the HUB. Better watch the chart first *lol... We will see daily now oversold and it has to hold the 200MA and it bounced of trendline 295$ today... we will see.
Profit for the week: 1.115$
So lesson learnt to trade what I see on the chart but I think it`s plenty of time till expiration date in May. Will keep you posted on my sells in the next weeks also on my other holdings like GOOG( will it go thru MA 200 so 560 then 540 v´much more golden than now *lol curious to see if it works out!!) and IBM ( will it reach 175 next week, still curious to see how it works out on chart too) and NFLX( damn no stop loss in but plenty time left, we will see ) and SINA ( curious to see if it will test 120 again, right now red, yesterday a bit green, daily looks like both way to go) and SPY (puts for May beginning, we will see if sell in May works)... Some are very much green and I want to see how the chart to option react in which timeframes and others are very much red but here I want to see too how the chart to option will play out in the end and if I`m correct on my thoughts. In additional to that I`m setting up an exit stop strategy for the future times and compare that with my skill over the next weeks how they will come back or not. So to get an answer if it`s better to set up stop order or to be patient and wait it out or to average down on them. I`m working also on daily option trades by reading the 5 min chart and till now it worked very good on paper.
I hope you liked my summary for the week and I wish you all a wonderful weekend and please ALL Take good care of you and yours because life is too short!!!
BIG THANK YOU YAK for all your effort and to keep me a) up to date this week and b) to save my soul!!
All the best to all and cheers
Dog
THANKS MY FRIEND!!!!! Right now:
POSITIV on SWKS calls and GOOG calls and IBM calls
NEGATIV on NFLX calls and SINA puts and AMRN calls
as for now everything is working PERFECTLY!!!!!
SWKS if they hold that level the May 30 calls are very much golden
GOOG holding up nicely.. will they close the gap between 540 to 560... May 540 calls looking great...
IBM on the way to 175? Daily still lokking good we will see how May 175 calls will work out already green...
SINA will they going down to 120? We will see looks possible on daily... still in put 120 May
Hopefully everyone had a fantastic week till today!!! I`m thinking of you all but haven`t much time right now...
Be safe all!!
Dog
You too jimmybob have fun and relax a lot...
Absolutely true ... Modesty is the first thing one has to learn in life and of course in trading. One day you are the Hero and on the other day you are the looser. Be honest with your profits and loss and it comes back to you. You can learn of the profits as you learn from the loss. My max risk for now is 1,000$ and will be for a long time. As you said you can make big dollars with less investment and so with less risk! That`s why I felt in Love with Options so fast
Good to see you Take it easy ... The learning never ends in once life *lol...
Howdy bud The teacher of me, well:
Yes
A
King for sure!!!! You know him
...thank you but I will stay modest bc I`m still learning and I will play them very light for a while to get a feeling of it although I`m sometimes more than sure it`s going to bust. Modesty and Disciplined and Hinesty and Smart and with the right Strategy (still to find)
thank you Fedex!
Take good care!!!
We will see how it will play out. Until now they worked very fine but as you know profit and loss are like brother and sister *lol and on one day you are up and on the other day you are possible down. I play them very light and small to get a feeling for them although I was 1000000**% sure on SWKS and SLV but have to be disciplined and learning first before playing it hardcore
Hello jimmybob.. I`m using IB for options... it`s the only chance from Germany / Europe to trade US Options with an account in Europe... They are doing fine and closing out the next day after ex day.
Zecco I had first and they suck. So sorry for you on your trade!!
HAPPY EASTER to EVERYONE and some great and sunny and easy and relaxed days!!
Take good care all and will see you at the weekend...
Dog
Watched it and took profits NICCCCCEEEEEE... still holding some May 30Calls, we will see
I feel good dubidubidubiduuuuuuuuuuuuu
more to come if the chart don`t lie *lol
ABSOLUTELY this board is an A+ !! for sure ...
Have some great, easy and relaxed days.
Take Care
I had a great week but have to fight my allergy right now...
Take Care and get some rest over the next days...
I like my office too ... It`s much more easy to get on track with guys and girls like on SSS board here so I will give my best to stay on track !!!
Oh Tina, I`m blushing ...
You did the same and very well done!! And I have to say I first read your post and then set mine up... So please you have to get the TOTD !!!!
It feels much better to know that you did it too!!!
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