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I'm one of subscriber of Tycoon Report news letter, I saw you on one of Chris Rowe's webinar. I see you have good win rate.. you provided RSI and MACD are best indicators in webinar.. would you please provide me e-book you referred in one of threads relate to set ups?
You can send to my personal email id (rnandyalar@yahoo.com).
If you're really interesting in making money from options. You need to join the chat room: They have a 14-day trial period you can try. I believe the trail period is coming to end this month:
Hi Found you...looked and looked and finally found you...Your so great..I am hoping tza does o.k..boughtat higher area..butthis little guy flies..best teacher..Christina goldengirl
I finally have the true holy grailwere setting right at the top of the down trend line which is about 126.30 and right under the 200 ma at near 126.45>which can act as major resistance> the bottom trend line is at near 124.0> on the long term we have almost a identical pattern to the 2008 top before it crashed>the volume today is on the low side and the buy and sell volume about about even> guess we need to see what the spy trades in ah today>????
he is a pedophile scammer, living in a trailer in florida, paper trading after the fact on demo software that is delayed 15min....it's all a scam to get money from you so he can teach you how to "trade" his "system"
Do your homework on this guy, he has been scamming people for years on various websites under a multitude of aliases, acting as both male and female.
I think the option calculator is much more useful for individual company, such as for earning. It is harder to get it right for index, such as SPY, qqq
FNSR Earnings again? Paper trade-buying Puts on FNSR. Today lower than yesterday on higher volume, RSI 14 low, more puts than calls - Havedn't looked at everything. but think short.
Is this the market bottom ? I sure hope so as it doesnt feel good when it goes down. Bought 60 SPY Jun 131 Calls today for 0.07 and I believe the market is going up. SPY closed at 127.70 Jim
i haven's seen the post - so i cant say one way or the other. If you dont mind a brain dump, here goes. The weekly spy chart RSI2 is reading 3ish, and the last time the weekly charts were at this level was 3/18(spy closed at 125ish). It then went on a tear to 137 over the next few weeks. 4/29 was the last weekly RSI2 top, and the spy dropped from 136 to its present level. The daily tells another story - the rsi2 has been below 5 since the 6th, and the spy has declined from 130 to today's low of 127. Looking at the 30 minute charts, there were rsi2 readings less than 10 on the 6th, 7th,8,th and again today, and in each day the spy ranged at least 100 tics. If you are looking to scalp, then there were certainly opportunities to profit on the buy side, but if you were holding these for multiple days (as i interpret some of his posts) - i think you would have seen some wild swings. As mentioned - i think there is some merit to this system, but i think there are more rules that need to be built around it. i think we can all agree that the rules laid out were not in line with some of the trades that he "allegedly" made on the spy, so perhaps this forum can continue with a more objective look at buy/sell scenarios, risk management profit targets etc.
That being said, here's a post that i feel relevant to our discussion...
cpqno, what do you make of leroys posts over at the Y! mb? looks like he is using several points to make the case for a short term long trade on SPY using the weekly call options?
If you dont mind me chiming in, here are my 2 cents. After toying around with this for a while - to include a few profitable trades - i do think there are some merits - but there are some aspects to be desired - such as money/risk management, and my observations of the Rsi2 - is that you are more likely to get whipsawed. There's no doubt that if you can get in on the right side of any the SPY option trades there is some pretty decent upside potential - but i just dont see where the the option calculator and the after hours buy/sell volume are accurate predictors of the Spy the following days. As such my plan is to continue to refine my methods, as well as welcome any insight others have to offer.
webx, are you using rsi2 and the option calculator to make any trades? i guess we are on our own here. leroy is busy with the students and none of the students are giving up anything.
He did call the top in silver in a post on here, and on the SF board he called for a SPY top on May 27, which has been right so far. His trading is very short term and quite complex, I am trying to find some simple way to use it. for me the key seems to be is to use mo. wkly. and daily charts with a rsi2 indicator and go for short swings using near month options that cost about a $1. Using SPY, QQQ, IWM, GLD, SLV.
long calls when rsi2 is low, and long puts when rsi2 is high. hold for only several days or even less.
Thanks jerome77, you can add another name that he's presently using on SPDRs (SPY) message board: moneyangel777 I'm surprise that the SEC has not investigated him.
My concern with lerogee that he only paper trading which he has showed examples from Wall Street Survivor. If his trading system is so good, why paper trade? Also, I don't have a problem if someone wants to teach traders a new trading idea, but least be honest when you are teaching it. That's why my concern with his newsletter. He chooses extreme risky stocks that very volatile and can ruining your trading account quickly.
Hi David ! Yup, Lerogee aka Mary4Money aka Optionplayer333 aka StockHolygrail is so damn filthy "RICH" (LOL) , check this out yourself :
============ QUOTE ======================================== on my starting 5 k$ account which is to 2.5 mil$ in 4 days optionplayer333 msg #88745 modified 2/25/2010 5:45:01 PM
actually i have donated>95% of the money i have made-which is >200 billion dollars to world peace and mostly 3rd world countries- i had a deal with the people who control the stock market- that i would get 10% of what i made them from 2002 to 2008--which waS NEAR 2.4 TRILLION DOLLARS-- i choose to donate it all under their disgression because i didnt want to ever be connected to all thaT money- because my life would be over--no one would ever leave me alone- or my 22 kids and grand kids- couldnt risk it =================== UNQUOTE ================================
been scalping with 200k to 2 million shares at a time- last 2 weeks maDE 44 MILLION DOLLARS- just today im up 14 million on its-of course you need a 250 million dollars aCCOUNT to do this- and since i have a 6 billion dollar one- this is just like a good vedio gME-- HDERE IS ONE INM STILL IN SO FAR FRO <107 TODAy--FAS Stock 161898 $112.12 $18,152,004.20 $17,218,471.00 $933,533.20 ====================== UNQUOTE =============================
with that 44$ mio he has made, he would have lived in a big mansion over there in Cocoa , Florida by now. Anyone got a good plan to rob him at his house ? lol lol lol , kidding :)
My concern with lerogee that he only paper trading which he has showed examples from Wall Street Survivor. If his trading system is so good, why paper trade? Also, I don't have a problem if someone wants to teach traders a new trading idea, but least be honest when you are teaching it. That's why my concern with his newsletter. He chooses extreme risky stocks that very volatile and can ruining your trading account quickly.
Hey David, thanks for that link, i thought there was a post on here about his sub recs, but i cant find it. maybe IH deleted it. i think it was 500 bucks.
Hi hubcaps, looks like no one can figure out his trading system stated by 1zach4's last posting. I did see this on Stockfetcher website that lerogee, under then name optionplayer333, stated that he has subscribing program. Do you know anybody who's involve with it, the cost and how successful it is?
My option recos to my subscribers the last week 10-10
right now i only trade slv and spy because of their giant option volumes> and very small spread between the ask and bid> My 10-10 recos that follow me> i gave these recos out of the inverse head and shoulders on spy and slv to a group of subscribers to my training my 90% holygrail system> on slv near close on 5-20 and on the spy near 131.85 on 5-26
132c spy 0.51 to 1.84= +260%> conservative play at the money 133c spy 0.16 to 0.87= +443%>moderate risk 134c spy 0.03 to 0.15= +400%>highest risk 33c slv 1.15 to 4.20 +265% 34c slv 0.70 to 3.25 +364% 35c slv 0.35 to 2.22 +534% 36c slv 0.15 to 1.29 +760% 37c slv 0.06 to 0.63 +950%
no the guy is a scammer and a pedophile....he calls all of these trades in hindsight and then tries to get people to pay him for help when they can't get his system to work
I follow the money meaning smart money. Here is the smart money getting in the bottom of the spy on friday 3-4-2011 @131.80 for the week of 3-7-2011 s big run up maybe to a new high.
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