Every Trade is Based on A Chart, Moving Average Crossing and pivot points, support, and resistance
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If the 15 minute MACD starts working in your favor it will go.
Besides: Everyday seems we end with a Flourish UP of Buying
Bollies are tight
Seems to be a support Trendline on the bottom, thats what I was looking at.
I just bought 10 1335 PCLN weekly calls 5.55
Actually looking at calls NOW myself. Still needs about an hour IMO..
If I get a candle confirmation anywhere, I'll let you know
Out 10 PCLN @9.80 Quick 1K HAPPY
I'm Playing short term, and will be out in an hour or so. And check things. I have earnings Aug 4th
10 PCLN 1310 Week Puts at 8.20
Image that, Its Thursday the best day to trade NDX and no movement. I haven;t been Up long but I see a sideways day and that means with the Premiums a little high because of the Nasdaq 100 Top Stock earnings the last 2 days, unless your selling calls, going to be hard to make $BANK$
Guess I will watch the volume this morning to see.
As I told Vegas. Maybe after I get back and Settled, I'll open up and teach again.
God Bless Texas
Thanks
Vegas, I'm glad to hear your doing well. My decision isn't about trading. I am doing very well. I realized by not being on IHUB, there wasn't a lot of noise around so I wasn't seeing what others said, Played, etc.
I saw things clear, and made fewer mistakes. But I do realize, there are many out there that do need help. After I get back to Texas. Maybe then I'll start to teach more.
Hey T, Haven't heard from you in a while. Hope all is well. I'll look into what your telling me.
Be careful with Puts. We are still in a uptrend. The problem is this. As I talked to the Stock Broker yesterday, he said the media has taught everyone to buy the DIPS. He calls them DPSHIT Buyers. He said because of the Overbought, High Sto's High MACD"S, its real easy to believe the Bullshit Media. He also said this could last for several months to a year. But when it falls, It will FALL HARD.
He told me watch for Gap Ups and If candles turn to my favor and I get early signal to downside, then Play PUTS but have quick trigger if things don;t go my way. He also said no trades are to be held overnight unless the 5 minute candle 15 minutes before close and volume is high telling you to follow the trend.
Either way, Ride winners as long as they give and get out when the candles tell you.
The premiums started getting high so I sold. Afterwards it faded nearly 2 points. Timing was important and there was a little luck as this is the first day I used the TICK
Out 10 NDX 4660 puts at average 14.815 from 10.25.
I don't think holding into the FED news is worth Gambling. 45% take Not to shabby.
Out of here but I will post my Exit...
So its CLEAR... I still use the 15 minute MACD as my EYES. As soon as it turned over on the Histrogram, That was my 3rd confirmation.
I was taught yesterday that 4 confirmations usually equal a Payday
Bought 10 NDX 4660 Puts at 10.25. Because a Hangman candle was formed in the first 30 minutes. This is a short term day trade and as soon as the TICK tells me to exit. I will post the exit.
HH NDX follows several stocks...
AMAZON AAPLE FB GOOGLE COMCAST CISCO AMGEN GILD CELG WALGREENS STARBUCKS COSTCO PRICELINE TEXAS INSTRUMENTS BIOGEN REGENERON.
JUST TO NAME THE TOP NAMES...Nasdaq 100
The Nasdaq 100 has all kinds of companies. But the strenght of the Nasdaq 100 is weighted. Some companies are heavily weighted because of volume and price. AAPLE is the highest weighted. Therefor the price jump today was mostly because of Apple.
What I was taught yesterday was to watch the top 15 weighted stocks if I wanted to know which way the market was going. With that there are several candles that show the change of the direction on each stock. Candles have been my focus today along with the TICK.
Next up is the Bell Curve... The Bell curve shows a stock can not stay where it is at and has to come back to reality. Playing the tick, the direction the volatility and then the Time frame is why stocks move.
OK... Here is a TEST of Knowledge!!!! Everyone should answer this question at least GUESS....
Who can tell me why the Premium is so High on NDX?
I spent all week thinking the premium was high, because the last few weeks, come Wednesday the at the market price was around 17 and ended up about 13-14 by end of day and by end of day Thursday would be about 8. Right now NDX is 29 at the money and will stay there even after open.
I learned the answer yesterday with my Professional Broker and if I would have know days earlier I probably would have played a little differently.
No Prize for the WINNIER but More knowledge that will help for Next Earnings.
I will post The answer after Lunch and it may actually set you up for a trade overnight....
Vegas... Look at the symbol $TICK.
After you look at it. CALL ME and I will show you how it can help you with your quick hitters. It happens almost every morning.
Also I learned about the Bell Curve yesterday.
But I'm not necessary back. Still deciding... But I think I can help others even more now
BTW will be up Huge tomorrow because of AAPL. Weighted factors of the Nasdaq 100. But at the same time the Premiums were so over valued that it might actually equalize by close.
My play is wait 15-30 minutes, let the settling happen and then ride the roller coaster.
I like to thank everyone, those that posted on the site and those that PM me. For those that PM. I stated I cancelled my account with IHUB so I have no Private messaging anymore. Hell 15 post are more than adequate these days.
I honestly didn't think that much of the forum lately. I have spent so much time away and after no noise in my trading life, it was actually really easy to place my trade get out of my trade and go do what ever I felt like for the day/week. If I feel like trading I trade, if not I do whatever. I never thought it mattered over the last few weeks.
I set down with a professional Option trader today. We went over everything I did, and from there he added several things to my trading. One that CNVEGAS needs to use because of his HFT. I know this one thing will make a huge difference to you alone. First time I Saw it Vegas your the first person I thought of, and by the way thank you for the post. The way you like to pull triggers, this will be your new sale booster and you will know your right on the money.
HH, Goody, Howie. Dot, I realize that at least someone has learned something from me. Maybe I try to post occasionally. But anyone needs help, most of you have my number. Feel free to call.
With that said, I bought a house back in Texas last week, I rented an apartment today in Texas, House won;t be ready till Oct 31st. I am going back to TEXAS. I leave in a few days. I have all my computers already there and that will be the first thing I move.
As for the professional meeting today. The things I learned to go with my MACD. There are 3 or 4 confirmations, including candle styles to confirm the move. He said my 6 out of 10 should move up to 8 or 9 out of 10. He also told me that quick hitters and higher volatility and fare market option premiums matter. I have a call to meet with a TOS specialist tomorrow to go over the value of premiums. This alone will teach when to enter and exit based on my new toy. Besides NQ, he also told me to search thru the NASDAQ 100 to find out which stocks are leading the way and which are following. He told me there is easy money to be made knowing the leaders and the followers. The followers lag and pay well.
I never gave this much thought but its like giving the market 100 dollars and them giving you back change plus the hundred dollars. He said there is so much free money being through away because of HFT. You just have to know where to look.
I plan on meeting with this guy several more times and I already have my new business established with him. He is going to broker any account I bring him and pay me 50% for every account he manages. The more the merrier. I still get to manage my own.
And Vegas... I wasn't leaving trading, it is my bread and butter, a little dessert now and then, I was leaving the forum and the bullshit noise. So many people guessing on Options. I read it and next thing I know I want to pull more triggers. I actually gave $3000 back today 5 minutes before it turned and would have made me that and $8000 more. I drank my own fear. Kool-Aid doesn't always come from others.
Anyways, Thanks for the kind words, and yeah, maybe a little more teaching is in store once I get back to TEXAS
Knights Round Table
I put this again to help others.
Kraigger
Flat Day Stay Away
It has taken me a while to realize the more NOISE around me, the easier it is to Drink the Kool-Aid.
I am not one to trader every day. I pick my moments and I have learned to jump when those moments arise. Otherwise go out and do something fun. While in Austin last week, I saw my accountant. Much to my Surprise I was a little shocked when he told me how much money I made in the market, and how little time I spent trading last year. I spent more time traveling. New York, Miami, Vegas, Cancun, Colorado and Chicago. I took the entire Summer off and Sept thru Dec I taught my son and helped with his Economic Class. I can honestly say My focus just wasn't there Like it is now.
I make a living doing this and I can make that living in 20-40 trades a year. Not 20 trades a week. I have placed 3 trades over the last 5 weeks and made enough for the entire Year. I actually bought a house for my son while in Austin because he got a Job with Fed-Ex.
I am even considering walking completely away from IHUB again. I have decide is this truly about me helping others, or about me and my life.
Thanks for those that did follow me. I will decide over the next month if I am coming back to IHUB. I actually cancel my subscription a week ago.
Looking at charts, I see a re-test of 4576 on the Daily which is R1. It needs to do this to prove the support. It also needs to do this to bring the Histrogram and sto down on the 2 hour. If it holds support, then Monday or Tuesday could be a big day for NDX. Until this happens, It could be a sideways market.
Just what I see
And you do not Short a Dull Market.
I will watch and look for my next long entry.
Patience.
Why have Fridays been Flat For a Long Time?
Looks like another 3 day vacation
Looking at my charts tonight, NDX says down while the INDU still looks strong.
SIDEWAYS FRIDAY
Vegas... Actually sold today after 3 days. Nearly a double but I didn't feel the strength in the long was as strong as it was 3 days ago. I also had to travel back to Denver.
When I enter again once the consolidation happens, 'Ill post it.
Congrats on your quick hitters. Seems to be the way to play at the moment.
Goody, I also taught you to never play against the day trend. With that Said, I honestly think that the thing In France might help you. Unfortunately the market is still rising this evening. Not much...
INDU +9
NAS+3
Spy +.25.
As long as these go up, the VXX has no hope. If the attack scares the Market, you might get a pop and the indicators may consolidate again on Friday.
ME personally, sometimes I rather sit on the sideline.... Thats what I have planned for tomorrow.
Volume can be Buying or Selling. Hard to tell cause a Last trade can be to paint a color of Candle.
Things are not always as they look.
Thus DIVERGENCE
On my way back to Denver. May or May not Trade tomorrow. I took everything off the table today and even played a downside Put for a small profit. It has already been a fantastic Month, I have learned to remove Greed and be happy for the money that I make.
When you do this for a living, you realize that time away is like an Apple a day. Keeps the Doctor away and the Stress Level Down.
A think a few days off might be in the cards...
Hey Vegas, Morning to you.
R2 as in second level Resistance. With that said you have different types of Resistance. You have a 3min thru 15 minute Pivot Support & Resistance, You have a 30 min thru 2 hour Pivot Support & Resistance, you have the Daily the Weekly and the Monthly Pivot Support & Resistance. You have different types of Pivot plans based on different trading platforms. Nothing is exact, but most are close.
To take things one step further, you have moving average resistance and support. I use the 9dma you use the 8ema. And to top it off you have histrogram candles which show resistance and support, strength and weakness. Using the Histrogram as the strenght on the 15 minute and the weakness on the 15 minute I have found to work for me. Just like you trade what works for you.
The market is full of leading indicators, how we look at them is up to each individual themselves. I have always used the Pivot R1 R2 R3 S1 S2 S3 as my exact strategy. but I have learned to use them more with the MACD. I should actually tell you thank you, I took your 6 13 5 MACD and have used it as of late as my exit strategy. Specially in quick in and outs.
There is no one way to trade the market, I will never see the market the same as you and you will never see the market the same as me. Being able to bounce things off other good traders, that's the only thing I have ever claimed to do. For those that don;t understand the basic technicals, I try to teach. I make a pretty good living doing absolutely what I love to do. Analyzing math and technicals. When you clear the mind, take the emotions of money out of the play, and have fun, this is a fairly easy job.
I have really appreciated seeing how your trading and seeing your success. Keep up the good work. Minimize the loss and take what the market offers.
With that said, I have been working on the longer term trade. One that minimum amounts are put in and they ride for 9-12 days. Once I convince myself it works, I will share with you.
Take Care Vegas
Either that or this 15 minute FLAG is going to break out. I will take my chances with no break out. @ many charts still need to consolidate and a 30-35 point move is big in consolidating charts
NDX is so much fun to play.
NFLX has been Hot
Not enough energy to break R2. Time to rest... Sideways most the rest of the day is my best guess. Maybe the opportunity to make money hour before the close
Sale the Pops, Buy the Drops. Bought 4680 July 22 Calls @ 3.90 Sold 6.10. I will more than likely re enter before days end. 2 hour still says consolidation.
Timeeeeeee is on my side... Yes it is...
Gym Time...
There is so much Information and Noise out there. It seems to me the more noise, the more confusion. If you listen to the noise, you can end up in a bad trade. Over the years I have learned, the less I let in, the more I get out.
I have considered walking away from IHUB once again. But I am being Told by a higher power, there is still so much to teach.
Learn to stick to the basics
Take emotions out of trading
Slowly build a bankroll
Remove Greed
One trade in Options can change your entire outlook.
Right place
Right time
Right news
But if you can't read the basic of technicals, you will allow to many technicals into the trade. Yesterday the Sto told me that the Upside was done. So many times the Sto got me out of a play. Thats what I told myself yesterday and I held. I walked away and never looked back.
And today, we will see if it pays off.
Yesterday I told you, I will not Play PUTS.
Today you see why.
BEATS BEATS BEATS
I told you that the earning and guidance this quarter are going to drive this market. BULLISH should be your only thoughts right now. Days that take off and premiums drop, should be the day that you look for good entries for one week out entries.
You can tell in the media excitement that we are in for a ride again. NOrmally they can hide what they feel and you get a different tone, but now the tone coming out is so much difference. I have learned to play the people, not play the market.
NDX is giving everything it lost back yesterday and more. So Glad I decided to trust my longer term thoughts. The daily MACD has an alligator mouth, the weekly is opening up telling me we have a few weeks to the upside.
No other indicator matters when the alligator decides to open up its mouth. The only thing that matters is when it decides to close and then you have days to get out.
Don't waste your time today. I thought about dumping my Next week calls. then I watched the fall and flat bottom to see exactly what I thought, Sideways. Premiums held...
If this is the top, it will have another leg up before its over.
Going to the gym...
As I sit and look at the charts this morning, I see something different, usually a sign of Divergence. All the sto's are heavy, and the MACD's are still going up... While the lower end charts are dropping indicators, the Higher end charts are pushing forward. Usually means a flag is coming and with that said, after watching yesterday, I see a sideways day.
By no means do I think this rally is over, I just think a day off will help it, allowing the indicators on the 15 -2 hour chart to drop, while the daily takes a breather. There will be a huge day coming to the call side on NDX.
I will be watching the change of the MACD on the daily on the histrogram but as long as it is over center line, I am only playing the market long and I will only play the 15 minute MACD as my entry and exit. Use the Pivot Support and Resistance as the entry and areas. Allow the alligator mouth to day trade.
I talk about Patience all the time. This will be one of those times. Money should have been made the last 9 days to accommodate the time that we need to take off. I will not play puts into this market.
Leave back for Denver Tomorrow Night
Morning.... Yes this work-out thing has grabbed me. Already ran the lake this morning with the dog. The dog hated me by the time we were done. Ran a 5K before breakfast. Afternoon work out a little after lunch.
Pulled a muscle in my back Saturday and yesterday while working tri's I really felt it. So I am moving my work out to all cardio for a week just to be safe, that and add heavy ab work outs...
On a market view, I see steady growth with 20-40 point moves on NDX everyday. Mainly because the SPY has hit all time highs. the INDU hit all time highs today and NDX is just 155 points away from all time Highs which I expect by Friday. I see earnings hitting just about every day with upgrades happening on most stocks. Alcoa was just the start with Several stocks raising guidance yesterday, China UP, Materials Up, Banks Up... Anyone that doesn't think this is going to jump... Dividends expected to jump.
I just decided I was going to jump on but I was going to move further out, at least a week and every Thursday Move back out two 2 weeks or 9 days and play this the safe way, A little bit each day. An apple a day will feed the stock market. With that said I think AAPL is getting ready to move. This entire POKEY-Man Thing.
Nasdaq up 37 for the day and expecting high 50's low 60's before close, I Bought 130 points out week of July 22nd and I was expecting a 300 point move in 9 days. That would put me in the money 130 plus points and that would be one Hell of a pay-day... Catching moves like this are few and far between and catching one can make your entire year.
I have the monthly the weekly the daily, and the 2 hour chart all showing the MACD in favor of a huge spike. NDX and the Nasdaq will set new Highs as well.
Have a great day
I have 2 programs I designed around P90X and Beast Body. I have lost 10lbs in 2 weeks and lost an inch on my waist and gained an inch on my chest. I am 52 and I want a 6 pack. I will not stop until I get it.
Yes I am treating the work outs just Like I treat the Market, OBSESSED. Yes I have to beat it. I have beat the market a few times with my challenge so now I am focused on beating my own body. The EX uses Orange and likes it but I like Free weights. I also like the gym.... Great views just like the mountains. Opps did I say that outload.
Earnings Season Starts with a BEAT. Good News.... ALCOA.... I see earning season to be big and a huge run up with the market.
Media is calling for a 10% increase over the next 3 months
Guess we will see
MAD MONEY>
I really do think that one day the market is going to Jump. We have had several down beats with retracement back to normal. I think it is time to get a huge upbeat and gap to see if there is a retracement or a hold up.
You got it. I try to always post, even if I lose. I have learned to hold myself accountable.
I only bought these calls today because I was bored and the daily MACD has an Alligator mouth... So no set up.. Just so you know...