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I haven't been here for months, but just stopped in to see what Roy was trading, when I went back and found your message. I am sorry for your loss, Jeff, and this loss to your family. Roy was my inspiration while trading. He would go out of his way to help. He constantly amazed me with his trades. I felt he was the focal point of this message board. I felt such a sinking feeling when I learned of his passing.
God's blessings to Roy and his family.
Mabbers
Roy,
A long time ago, you told me about the buttons you set up on your charts. I went back last month and looked up that message. I finally took the time to set up the buttons. Now I understand why you like them so much!
Enjoy your day
Mabbers
Hi Roy I still check in here a lot and was getting worried when I didn't see you. Glad to see you back! Hope you are doing well.
Mabbers
))
Watch BABA and BIDU for Puts this morning. I gotta leave, but just noticed them.
Have a good trading day
Shareholders decide TSLA/SolarCity merger Thursday 1PM Pacific time.
(Post is to make anyone aware of this if trading this over the next couple of days)
http://www.marketwatch.com/story/shareholders-to-decide-on-tesla-merger-with-solarcity-on-thursday-2016-11-16
Live webcast link:
https://www.tesla.com/shareholdermeeting
Sold SPY Nov16 217.5 put .24. Not risking holding overnight.
Smartone....I was wondering if you would notice SPY. I did the same....Nov16 217.5 @.26 at 2:55 PM
Sorry, I can't get here much. I constantly have problems with this IHUB page loading...most the time I get the top half the page so I can't see the messages. Only thing my computer has trouble loading. But, I try to get here when I can.
Good luck.
Mabbers
If that article pans out, things are going to get very intense.
Hi Roy, thanks for taking the time to reply. I am glad I saved your chart settings from way back so I can see what you were seeing.
Your TSLA entry: This is about as perfect as I would like to see, with every indicator turning up from the low. I normally look at the 30 minute first to see what the trend might be for the start. If something looks decent, I go to the 15 minute, then check the 5 minute. Wish I would have been home this morning for this one!
Your exit: I see the hesitation around 10:30-10:45 with the two small red candles on the 5 minute, but no real confirmation of a reversal (that is easier for me to say now, being able to look at what it did afterwards), but the TSI look like the strongest indicator here, whether on 2 minute or 5 minute....continual uptrend. MACD looked good on 5 minute, but dipped on the two minute and might have made me jump out at that point. It looks like the AD, CO, and OBV were showing possible reversal at this hesitation, but then, headed back up. I would have been jumpy at this point, but I see why you stay with it. Wow....nice trade!
I'm not sure when you exited, but I notice around 11:10AM that the 5 minute chart was showing a much bigger (engulfing?) red candle, and all indicators were reversing. This was right after two big green volume bars that quickly turned to short red ones. It appears that the candles tried breaking through a resistance point, but failed and reversed at that time.
I'm not good with candles yet, so I have to rely more on other indicators. I had no training in this....had to learn it on my own over the last year. One post by you can help me more than hours of my own studying. It lets me see things I wouldn't have known, so I really appreciate this.
Queues.....I don't know the terminology and not sure what it is. A few days ago, I was thinking you meant the volume and open interest in an option at different price levels...so I watched them changing. I couldn't figure out how to compare it to what the chart might do. It totally confused me. It looked like volume was increasing on a certain option within a certain price range, but the price dropped shortly after. It'll take me some time to learn that one.
I'm glad you had a great trading day. I know chemo is not easy. My dad went through it many years ago and it was rough on him. He lasted 15 more happy years than the docs told him he would.....15 great years I will always remember.
Stay strong, my friend, and enjoy your weekend.
Mabbers
Wow....I scrolled down to see what trade you mentioned. Holy sheepdip......that was nice. I really enjoy getting to this board to review trades and comments you guys make. I learn more from comparing your trades to my charts than any other learning tools out there. I am really impressed by the trades you guys make.
You had some nice trades today, smartone
Roy....amazing. I was gone most of the day, but happened to look at IWM after seeing your post. MACD and FullSto looked great on TOS platform at 2 PM, but I like when you post what indicators you are watching/seeing at the time. I saved your chart settings from (months?) ago when you shared them with me (StockCharts.com), and it gives me a chance to review what you were seeing at entry/exit.
This is what I can't understand how to read yet:
Nice timing on your IWM puts, Roy.
I did well with TSLA puts this morning. Just bot VRX Nov4 23.00 Calls @.85 around 3:45 to ride it a couple days. Wish I would have seen this one spiking earlier, but happy to be up almost 100% in the last few minutes of the day. Rumored at possible $30, but I'll stick with the charts. Ya just never know with some of these.
Mabbers
Hi Roy. I read as many posts on this board when I get the chance. I appreciate that you took the time to explain what you were seeing when entering/exiting a trade. I am always looking to get better at this, and reading through your posts lets me know I have a long way to go, especially with deciphering candles. Over the last 5 weeks, I did really good. But this last week, I just sucked and read just about everything totally wrong. I have a lot of studying to do yet.
Just wanted to say thanks for these great posts.
Mabbers
Still holding BABA? I added a IWM Oct28 122 Call@.27.
I'm kicking myself for not buying BIDU Puts first thing this morning. I hesitated...then hesitated.....then had to look away. Just looked at it again.....geeesh.
NFLX, watching too. Bot SBUX OCT28 54 Call@.25. Watching IWM for a bounce off low this morning.
I just can't get on here often to post.
Mabbers
Edit: Oct28 IWM Put 122.00
Smartone...I only did one trade yesterday....IWM Oct28 Call 122(.59 sold at .80). Was busy rest of the day.
I don't think this is the news shareholders were hoping for.....installing sensors that will be activated later.
Tesla's 'new product': Self-driving hardware that won't work right away
MARKETWATCH 7:41 AM ET 10/20/2016
Symbol Last Price Change
TSLA 203.56 0 (0%)
QUOTES AS OF 04:00:00 PM ET 10/19/2016
Elon Musk announces that all new cars will have sensors, but they will be activated later
Elon Musk's latest much-hyped Tesla Motors Inc.(TSLA) "product announcement" Wednesday night promised that all who buy a new Tesla car will have the hardware needed for the car to drive itself.
The problem: It won't work right away.
Instead, Musk promised that Tesla (TSLA) will eventually update the cars' software with autonomous capabilities later, after using data captured by drivers to refine the system. Even basic semiautonomous offerings available on current Tesla models, which offer the previous version of the hardware for $3,000, will not be available on new cars with the new hardware included, including the Model 3................
I thought about it...especially when it spiked up this afternoon.....just couldn't bring myself to do it. I figured that whichever way I played it, it would go the opposite. LOL. The news release is at 5PM Pacific, so I guess that would be 8PM Eastern. I am going to try to listen in just out of curiosity.
I am watching more for their earnings report coming up on 10/26. Word is that it's supposed to be a good report. We'll see.
Good luck on your Puts!
You have a lot more guts than I do on this one. Musk is to announce some new development at 5 PM today and I didn't want to chance which way it would drive this stock. I hope you do well on it.
Thanks, Roy. I have never watched the volume on particular strikes before, but that makes sense. I will get familiar with this. It will take me some time to get used to what to watch for on this......but I like the idea.
I've been watching FB closely this morning, too. After this big jump, it's got to lose it's legs eventually.
TSLA....you might have heard that they are to be announcing a new product sometime today...not sure when. CNBC mentioned that is probably isn't a new car....maybe a new product. Could affect stock price one way or the other when it comes out.
Roy, good to hear you are doing well and I hope things continue to get better and better for you. You are really sharp for 89 years young. I can only hope I do that well in 30 years.
I am obsessed with the technical analysis part of this and always trying to get better. I find it very interesting and occasionally try some new ideas. Nothing is perfect. For the most part, I try to stick with what works for me. Everything can change in a minute which makes it a real challenge. You are right....this is a hard job. I enjoy the learning process, and check in on this board very often to see who is trading what, and what the indicators were, or what they were seeing, when they entered that particular trade. I love seeing when you guys make awesome trades. I love it better when I do.
Mabbers
Thanks, Roy. What you are using has been working very well for you.
Roy, have you made any revisions to your StockCharts in the last few months? Mine are still pretty close to what they were back then: http://stockcharts.com/h-sc/ui?s=TSLA&p=10&yr=0&mn=0&dy=6&id=p92531533838&a=482391079
royg1927 Member Level Wednesday, 01/20/16 10:38:08 AM
Re: None
Post # of 30974
Thanks !! for your QQQ StockChart.
Here is my TSLA 15-minute with indicators.
A little more than 4 X since 9:30 yesterday morning.
TSLA 15-minute
stockcharts.com/h-sc/ui?s=TSLA&id=p71266774521&listNum=1
Notice the 8 little "radio buttons" on the extreme upper left which moves from any one period to another with a single click.
Do you use those?
GLAD to have someone else to talk about StockCharts.
Come back. More about indicators later. I like the looks of your QQQ display.
Another site you might visit is QID, QLD Trading, run by my good friend farooq. I worked there for some years as well. Some QQQ traders there from time to time.
Doom for Deutsche Bank as...Qatar 'pulls plug'...
https://investmentwatchblog.com/germany-hell-doom-for-deutsche-bank-as-largest-lender-qatar-pulls-plug-on-future-equity/
DB was already teetering on a steep cliff. One foot was off the edge, the other is slipping now.......
Looks like it could start the big downturn with Deutsche. Once it starts, this could spread like a plague.
We'll see how this develops over the next few weeks.
Mabbers
Wow, Roy, that is awesome! I keep an eye on this board and knew that you had made quite a few good trades this week, but this is really incredible! Congrats!
Mabbers
Hey fly....good to hear your trading is going well. Roy, Beer, and smartone are very good at options trading. I follow them/this board to hone my skills. I just don't get a chance to post much.
As an update to my post you replied on: About a month ago, I started writing down every options trade I make in detail. I can review all my trades at the end of each week and it makes it clear as day what works best for my style of trading. I document everything....the most important is the % gain/loss and % profit for each trade. It is making me a much better trader. I hope to get as good as Roy, Beer, and smartone eventually.
Good luck to you.
Mabbers
So true! I stopped out of a SPY call trying to play the bounce at 9:45AM (EDIT....9:57AM). Looked for decent entries on TSLA, AAPL, WLL, BABA and did not get decent confirmations on any of them....at least, none I felt comfortable with. Yes, tough trading day.
Take a look at TWTR this morning.
TWTR is planning on this before October 27, when their Q3 is due. I'm sure they have a close estimate of what earnings report will be then. What are your thoughts concerning how they are factoring this date into a possible buy out, and their strategy to get the price they would like?
You are right. This might just be a nice buy opportunity on long calls. I'll see where it is in the morning and if there are any new developments.
TWTR nose dive after hours. Currently 22.50. Wow.
'Specific info' forces WikiLeaks to move anticipated announcement to Berlin'
Well, ain't that a kick in the teeth. And I was so looking forward to hear what he had to say. I guess if I was him, I wouldn't be standing out on a balcony either. Hopefully, they will announce something good in the next few days.
‘Wednesday Hillary Clinton Is Done’: Reports Julian Assange’s Announcement On Tuesday Will Finish Her'
http://nation.foxnews.com/2016/10/02/wednesday-hillary-clinton-done-reports-julian-assange-s-announcement-tuesday-will-finish
Let's see if this comes about on Tuesday. I would love to see that evil witch crash and burn.
Great article. Glad you posted it since I was looking for more info on DB.
Sweet goodness! Bot TWTR Sept 30 19.00 calls two days ago. Current pre-market price around 22.40 with news of possible buy out. Nice start to the weekend
Thanks, Beer. Happened to look at SPY 5 minute chart. It looks like a seismograph during tremors.