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Exited, now long sqqq
Long at 342
Exited, no position now
Long on qqq, will exit if it goes under 352
Qqq made island shape, i remember you mentioned it earlier, is it reversal shape from short to long or long to short
I am hoping it will fill the 362 gap soon, i will exit it if it sees a resistance there
Long on tqqq, 354 area seems like support for qqq
Agreed, do you think it will go further down or high level correction is over? and we wouldn't see ~335 now?
It seems it will close at 369 keeping wveryone confused
Out of tqqq, 369 for qqq seems resistance, waiting on side to enter either tqqq or sqqq
Long on tqqq
Got a feeling that its a false signal, exited
Seems like a bounce, went long tqqq, will exit if its a false signal
Agreed, what do you think qqq will stop at 362?
Exited tqqq, market seems uncertain, no position now
Came out of sqqq, long on tqqq now, seems like it hit the bottom
Long on sqqq now, came out of tqqq
Not sure whether it was a wrong move but came out of sqqq and long on tqqq
strange signals, changing every alternate day. buying sqqq for time being, will switch to tqqq when get a buy signal.
What a prediction, how do you chart this? I get sell buy signal but nothing on the target or reversal, i need to learn alot from you.
My 30 minute gave sell signal, seems like this time its not false signal
I got a sell signal on 15 mins macd, however market today went up out of nowhere, burned hands to say the least, i need to change my timeframe
Thanks for the info. I think i need to be more disciplined in following the system, i exit with mental model so thats where the issue is.
Thanks again for your update, they are always helpful and keep them coming
Simply impressed with your chartings. Your signals are superb. Would you mind sharing some of the skills like what chart you follow and what are your buy or sell specific signals.
From my end i chart, 65Macd, in 1 hour chart, however i think i miss alot of the signals and sometimes exit positions earlier leaving money on the table.
I am Still learning my lessons daily.
I usually chart for 5 days 1min, 5 min SMA
and TQQQ did reversal from 83.15 today.
What you guys usually consider in technical for reversal?
Yeah you must have tried the trade as credit, so for credit anything above 30 will bring benefit(but robinhood again dont allow this)
you will get an error on robinhood that you cant get credit of more than the spread itself.
robinhood has a big no for box spreads, their system doesnt allow that at all, else few contracts should be manageable.
Well my theory is that if these both will have different returns then there will be opportunity to create a box strategy(unless you are with Robinhood like me and cant create a Box spread)
Its like almost risk free money.
Debit Call Spread Debit Put Spread
+18.05 sell 340 call -3.73 Buy 340 put
-44.17 buy 310 call + .55 Sell 310 put
26.13 Debit 3.18 Debit
total debit 29.31
irrespective of direction and price at expiry, it will always have value of 30.00 so a sureshot return of 0.69
But this will not happen as Bid ask spread at call and put somehow will make sure there is no such opportunity(or will be exploited by machines before we do)
I am a silent observer and curious if my understanding is correct.
I have been using the same strategy for weekly, however, instead of buying a deep ITM call, I usually do credit put spread? the numbers are almost same if you look at the reward in both the situation.
ITM option do come with assignment risk however i can see less margin is needed to do ITM debit spread whereas by doing credit put spread the margin requirement will be slightly higher(equal to the spread) but with significantly lower assignment risk.
Am I missing something here?
Pretty impressive, just curious how do you decide when to exit a trade(irrespective of how the trade turns on to be) I struggle to close a losing trade and incur heavy losses, while the gains are small.