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3x etfs are nothing but options on corresponding 1x etfs. they construct the options in such a way it is 3x times. that is why i never play options on 3x etfs. it's like playing options on options.
Very simple and interesting strategy. long back you posted about a strategy who follows 2 time frames for swing/day trading i believe it's also rain maker. like following 1hr and 15 min. or 15min and 3 min.
You planning to time spy and qqq calls before 4.15 pm?
Dr Eric's uptrend started on may 26th.what's your entry date on tqqq. he tweets once a day as well.
https://wishingwealthblog.com/2021/05/day-1-of-new-qqq-short-term-up-trend-gmi-turns-green-bgfv-retakes-green-line-after-black-and-green-dots-and-wgb-signals/
Thanks farooq. what specific charts and system you are following to get that high returns. can you share to me whenever you get a chance. thanks...
I have been watching those kind of stocks making new highs out of consolidation.. need to figure out how to play those. probably needs a good alerting system.
Not sure if you have seen this blog. like missionwinners a simple trend following system and stocks breaking out. he calls GLB(Green Line break out) I have been following this blog for past 1 year and he is spot on all the trend changes. his signals are 1 or 2 days late on long and short. I did not do any back study on how much percentage we miss but based on his system, he avoided 2000 and 2008 crash as well.
https://wishingwealthblog.com/
I am trying to make it simpler as well. i mostly do options. sometimes for quick scalps and some swing trades. I tried shorter time frames 3 min/15 min. I started doing more with daily charts now but for options it's definitely 60 min charts. which gives more bang for the buck.
you said you mostly doing after hours but are you buying options next day. also, i always have some confusion in reading M-65. i have your previous rules written. is it still the same.
Buy
1-M65 flat [M65=MACD 65,90,10]
2-Price>20ma
3-M12H pos [M12H=MACD histogram 12,26,5]
Sell
4-M65 in DS [DS=distribution, M65< signal]
5-Price<LKC [LKC=lower Kiltner Channel]
6-M12<zero [M12=MACD 12,26,5]
7-support broken
GS is the worst in public posts.i have been watching their predictions for last 10 years and 99% of the time we have to do the opposite on what they say. i think they give secret clues to their buddies in these posts.
Is that for weeklies? what's the dte if it's not weeklies?
wow.thank you for that analysis. even i was under the same impression. Saved this info in my folder.
Thanks for the info. I want to be completely passive but Because of these draw downs it's so hard to stay like that.
Have you tried to watch your setup in highly momentum stocks.amazn,tsla,roku,sq,shop. when they move they move 150 to 300$ in a week. buying just 1 call for that week will give huge returns.Amzn this week 255$ move.roku 18th june week +100$ moves.
Been trying to catch those kind of moves,came close but i need a good scanner. take a look at this. its weekly charts. in that its rsi is 14 but i set rsi to 5 and see on daily and weekly charts.when it crosses above 70 that week is the one it runs.take trades only rsi(5) crosses above 70 on daily charts.
take a look at amzn and roku.
https://stockcharts.com/public/1130973
Yes. he fumbled big time. he just followed what s&p does seasonally last week and this week. it's a down week until june 26th seasonally but marktets does what no one expects. just following price action without emotions is the hardest thing to do.
Good to hear that.
I do not understand that article. sometimes it says after tomorrow and sometimes it says enjoy today's melt up and tomorrow it's all winding down. Since tomorrow is expiry it has to melt up tomorrow as well.
Latest john carter post.
$SKEW at record highs. 10 day MA of the $PCALL at record lows. And $IYT (transports) rolling over. Overall a solid week to ease out of longs, go to cash and start looking for short signals.
Look back. Carter outlook before the start of june. 2/2 so far since i started posting his posts here.
Overall outlook into first week in June: Stonks, $SPX gold $GLD $GC, bonds $TLT up. Commodities pullback. #Bitcoin consolidates, establishing a trading range with 48K as resistance. Looking for stonks multi-month top in June after making new highs.
Totally agree but housing prices are totally artificially controlled. lot of the houses are being bought by blackrock and pension/investment funds over bidding with free fed money they get and also this fannie and freddie mac buying lot of the mortgages. it's just a artificially controlled loop making them unaffordable for lot of regular folks.
looks like used car prices added more to that increase. as fed was saying the inflation will be transitory and looks like eventually it might be.
Tsla bad news from berlin factory. going to gap fill at 564?
I am surprised how many times these 2 meme stocks amc and gme are squeezing.
seasonality and from john carter post i posted few days ago, says at least up until end of june 1st week.
John carter outlook. based on his previous posts in his twitter timeline he has been damn accurate.
Overall outlook into first week in June: Stonks, $SPX gold $GLD $GC, bonds $TLT up. Commodities pullback. #Bitcoin consolidates, establishing a trading range with 48K as resistance. Looking for stonks multi-month top in June after making new highs.
John carter outlook. based on his previous posts in his twitter timeline he has been damn accurate.
Overall outlook into first week in June: Stonks, $SPX gold $GLD $GC, bonds $TLT up. Commodities pullback. #Bitcoin consolidates, establishing a trading range with 48K as resistance. Looking for stonks multi-month top in June after making new highs.
very true. except march and september months almost all monthly opex will have a hard rally at some point. I think there is a big logic in that.hedge funds make money on selling options premiums.I went to a private investor seminar by invitation with meryl lynch fixed income president and their team in 2018. most of the money generated is through selling monthly premiums as its easy to adjust the positions than weeklies in case it goes wrong.
Observing past 2 months i think we should stick to spy,qqq,iwm and may be faamng. looks like tsla will be frustrating as well.
I think whole summer will be like this sideways. gives the impression the sky is falling but i do not see a reason to crash and burn.
Duma, I am not sure why you are even trying different TA. your M-65,M-12 15 mins,60 mins and daily were working perfectly.
Nice. thanks for the update.
weekly pivots s2 at 620 and s3 at 590.
Very interesting strategy.
Did anyone start implementing papa bear here?
TSLA will be like other faang stocks. it's in s&p now and lot of funds,pension funds have to hold it. probably we won't see that much volatile anymore.
That news is there from february and also it was in the morning pre-market.It hit the bloomberg terminals at 1 pm and hence the sell off. no one announced now.
NFLX down 10%. good for your spy puts.
I am liking patwalker's strategy more and more as i have been using for past 10 days. very easy setup. once above 50 day sma and 8 ema above 21 ema they are having multi day runs on stocks.aapl,nvda,amzn,fb,msft,mu etc..
Sector rotation. Not sure if you have tried this before.I have been following this for more than 2 years but i did not invest in any. this seems the best in catching momentum sectors. it has lot of backstudy on drawdowns as well.
https://muscularportfolios.com/papa-bear/
both j&j and Astrageneca vaccines. they are giving millions and millions and few clots and they are getting bad press.