WAY..WAY..TOO Complicated! A tip on doing a option spread would be wait for the last week before expiration, do a Credit spread that is at...
I took advantage of the opening gap, again. [IMG]
Extention Levels are used for "Targets" that the markets will react. Just look at any stock or index that has HIGH volume....It works for me......
What a way to finish out the week.... $1,110 profit from todays trade. USO followed the same pattern again today. Missed my enrty on a Put...
I missed the initial entry to buy a call off the ABC pattern after the open, so I waited for it to hit the Fib extention. With the down gap at...
Today I waited for the Weekly Oil Inventory report to come out and watch USO run thru it normal motions. When the initial spike down came back and...
I use Fibonacci Retracement on the opening 1/2 hour. If it is a significant gap at the open, I place a fib on the previous close and the first...
Got burned on this one. Bailed out with a $500 loss. Should have only played the opening ABC pattern instead of the re-trace at the extentions....
Waited today until the QQQQ had retraced to the upper Fib extention levels before bought in. Looking for a nice pull back later today as trader...
I am Daytrading. I use the Fibs to point out opportunities, possible entries and exits...thats it. It is just the tool that I have had the most...
Did not like the way QQQQ looked at the open. Not much to work with so I diverted to USO today. First ABC setup failed with a spike higher that...
I mainly look at the opening movement in the first 1/2 hour for my direction. Buying near term month, ATM. The ATM will have the most intraday...
Waited for the release of the Existing Homes Sales report before I entered. $480 after commission. [IMG]
YES. Wall Street is the BIGGEST CASINO in the World... TWENTY QUESTIONS Did you ever lose time from work or school due to gambling?...
The QQQQ had a nice runup before the FOMC minutes release. Took advantage of this and played a pullback. The runup was overdone. Used the High...
Using this "Old Saying" I just bought a bunch of Feb 31 Puts on QQQQ. Really nice run up before the news release. Rally is looking exhausted....
The LEAP can be used as a surrogate instead of buying the actual stock. You can get a LEAP for about 30% of what the actual stock purchase would...
Today I thought I would post a snapshot of todays trade. The consumer sentiment release was this morning. You really dont have to look far the...
It may be an old saying...but here it is again so we dont forget... "Buy the Rumor, SELL the news" Buy those calls a coule days before the...
Use the Fibonacci levels as your Technical Indicator. It will give you an idea of where the stock is about to go, and possible reversal points....
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