I've been travelling.....however, my research is pointing me back to my usual trading style, that is, 2 picks per month which are held for a period of 7 days or more. I can't successfully approach the market with 2-3 days mindset!
There is a discontinuity between the "intraday" time frames and the "daily and larger" time frames, and 60 min seems to be right on this discontinuity. This changes the market trendiness between the two categories of time frames.
I see strong resistance bellow 17, and I don't see anything that would suggest TER raising another 10% from here. What are your reasons to be so bullish on TER?
Thread is not dead!!!! I'm looking at Calls on AET and PNRA. Puts on ZMH. Will update. I gave up searching for trades that last 2-3 days with profit of 0.80/contract. Now, I'll hold for as long as the trend is intact. Will be back.
bigsid, Congratulations! You were right about TER's report. The Feb17.5 calls were a great buy. I hope you bought them and made a nice profit.