Replies to post #3388 on S&P 500 Analysis & ETF Trading

[bobjack]

CAT
Break a bad habit you have to put 3 new habits in the gamblers new rule book.
Only can trade the direction of the daily bias...IF these 3 things happen...not 2 and not one...you need alllll 3 on your side..
1. CCI indicator crosses its 6 or 7 moving average suggesting an out of the money option play is setting up...get ready...
2. ULT has to have crossed the oversold or overbought signal line...
3. The %B averages have to be on you side...
ALLL 3 first before you look at 30/60 minute...
Only trade direction of daily BIAS and an added confidence if S&P also agrees in direction BIAS...and no screwing around with these indicator's settings to speed them up...

Thank You Sir,
You don't know how much this is appreciated!
Even as a kid, I often screwed up playing baseball trying to KILL the ball for a long run, when I could have easily smacked a base hit. I have fought those tendencies in trading and have only recently gotten them in partial control, BUT, as soon as I become a little successful, those tendencies ooze out of my ears and my behind - I know it is a gambler's syndrome. That's why I told you a few weeks ago that I would be content to make $300 or $400 a week, not enough to TRIGGER my EVIL inner self.
AND, I will say once more:
Thank You Sir,
You don't know how much this is appreciated!