Option Millionaires

[moejettah]

Ok so even though the daily candle reversed course yesterday you are sticking with puts. So even though the one hour histogram has not crossed back down you are going with puts. So this trade is more based on your feeling that the market is still weak but not necessarily strictly triggered by the charts. Im just trying to pin down the triggers fr entering and exiting. For example towards the end of the day yesterday it was clear that ndx daily candle would reverse its course and about 5 hours before the close the one hour histogram crossed. I avoided buying calls since IMO a one day reverse in the daily histogram candle direction is not solid confirmation of a trend change. However by the time two daily histogram candles change course the one hour crossover has long ago occurred. Tricky Thanks for your help and good luck