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JB,
I see you're still rockin 'n rollin. Congrats to you and your crew.
I still follow you on stocktwits and read the board. I've found trading to be a bit easier without all the noise, so I just keep up with you and some others at arms length.
Hope all is well!
Hello Lee! Hope this message finds you well. Just wanted to drop in and let you know that I've been trading lately with the indicators you showed me while I was in OM chat.
Since I started using them in a 5 min chart I've had a few very good trades, and my stop loss exits have been very effective. It's only been about a week, and i've only had one loss.
Thank you for sharing your knowledge. I hope you are well and the trading is good.
TOS crash and burn
I'm guessing FB will be flat or close to it to screw all options buyers. Max Pain is at $30 for the weeklies and almost every date available. Check maximum-pain.com if interested.
I don't post much, and saw your call out for SOU subs to shout out the other day. Just wanted to say hello, and I let you know I'm in the 28.5P/34C strangle in Feb2 weeklies. Total cost is $146 for one strangle.
Good luck to us all!
Hey bud, all great calls so far! I'm still trying to get charts setup to follow and learn. Thanks for sharing!
Will check out DMI tomorrow. Speeding up the MACD requires more knowledge than I have about how to set it up to match PPO. Any ideas?
I got the correct ADX from a script I found, but can't find one for PPO. From what I've read MACD is a slower indicator than PPO. I'm not sure if/how that effects the setup.
Hey bud, thanks for the link.
I spent some time today trying to setup charts like yours so I could follow. Unfortunately, I can't get the same studies setup in thinkorswim. What platform do you use and do you or anybody else use TOS with scripts already written for these studies?
Ok will do in the eve. Can't look up old posts on phone. Thanks!
Any insight is much appreciated. I'm assuming you use the same setup from swings on a shorter time frame?
Sorry, that's not what I meant. I was requesting a screenshot of your chart setup with annotations to understand what lead you to this play.
I bought puts this morn, but sold out for a loss right before it dropped because it kept testing 675. I saw your post about PPO drop right after I locked in the loss. I did make most of my money back, but still down for the day.
Great trade! Can I request a screenshot of this AAPL play with your annotations to see how you are making your calls?
Who are which people? Traders like you and I really. Same as twitter just focused on stocks. Lots if seasoned traders
If you're not familiar it's twitter for traders. Definitely better for our purpose.
Hey Deej,
Do you use stocktwits?
Lots of good AAPL day traders over there.
Haven't yet but wiil do it now. Thanks for your input!
Any thoughts on fading the gap up in gold id it holds into open?
It was a planned sale. Look up 10b5-1. Nothing to get excited about.
Hi SDH!
I just looked at those and see you might have posted the wrong image. Those trades are from 8/3!
Glad to see you still rockin' and rollin! What's the story with the new board vs the old ine?
@4.8
Bot 1 135 Aug PNRA put
The 590 resistance break was key to a continued pre ER run IMO. It is known to run up to ER, but that pattern may not hold through the summer. They are reporting 7/24 if I recall correctly.
I think it will find support at 590 now through reporting, but who really knows. Maybe others will throw their insights in as well.
Hope that helps...
CMG held bottom of downtrend channel-
http://chart.ly/nubaduh
Sorry, couldn't figure out how to imbed the image.
Yeah, heck of a pivot. Wish i woulda caught it yesterday. If you happen to see one of these hit a pivot please post if you have a chance.
What are your thoughts on CMG recovering from the rumor selloff today?
Hey fellow Austinite...
I left the trading today to go take a dip in lake Austin.
Do you skate at cedar park center?
Thanks for the reference points. Will watch them along with spy for future plays.
Appreciate your input and contributions.
Sure enough. I wasn't watching and missed it.
I primarily watch aapl, pcln, nflx, goog, lnkd, cmg, ma. With Cmg I only watch to sell weekly covered calls, but don't trade it otherwise cause of the low volume.
I've been trying to learn to identify those price levels using MA's, trendlines, channels, bollingers, macd, rsi, stoch, and most importantly the wisdom on a few of these boards. I don't use all of those at once, rather I've been changing setups periodically until I find a combo that I'm happy with.
Any insight you can give into learning the pivot strategy you use is greatly appreciated. I'm very interested in pivots and fibonaccis, so now trying to bring those on board since they seem reliable.
So you're using price levels and MA's as pivots rather than pivot studies?
Hi madrose1,
I've been following your posts for a while now. I've been wondering what you use to get your pivot values.
Is your GOOG pivot a monthly pivot on a daily chart, or weekly on x time period, etc?
I see that pivots work well for your trading so I'm trying to add those to my arsenal of tools. I'm not clear on the best way to establish the pivots for day trading though.
Thanks
Site will not load, and the link doesn't work either. I don't have PM here.
7pm EST? Look forward to it!
Thanks!
Thanks for sharing the article. Passing it on to others on the options and ETF board with TA
Technically relevant market perspective. The parallels are disturbing on first glance. Will look further into it but am curious as to this board's take on it.
---------------------------
Credit to Irongate on the Option Traders CO-OP board for the quote and link below
---------------------------
CRASH?
"Let me start by clarifying something. I am not saying that the market could crash spectacularly in the next few days and that in that event the Facebook IPO would be a major contributing factor. I am not saying that. The market is saying it.?"
http://www.thebullbear.com/profiles/blogs/facebook-ipo-market-crash
Hi sdh, I was just tryin to join you and the others in chat. I tried to setup skype with no luck today, but will get it done over the weekend.
I was also wondering if you know which chatroom zozo runs.
Thanks
You're welcome Wagget.
Keep in mind that OI (open interest) and max pain change daily, so what may look like a good target today may not be so tomorrow.
Forgive my brief reply as I'm traveling and will chime in further when possible or after I return.
Maximum-pain.com
thank you! hope it helps. let me know if you want any other strikes or tickers.