TJ I think it is forming a head and shoulders, which means after going up a bit,it should go down. We have the left shoulder, the head pattern and I´m waiting for the right shoulder, should it occur. I've almost got a turn, but not quite yet at this moment. 10.25 a.m. local time in the Belize Alps foothills. Should it turn, will take the only credit spread available, the OEX 540 at .15 cents.50 contracts. This is slightly inside my safety parameters so I don´t like it, but there is no other trade out there for a credit spread in premiums. I missed the earlier one, because of some kind of problem trying to access the order in TOS. I´ve since downloaded AVIRA anti virus and run it. See if that will get rid of the problem of freezing.
Stanford I dont know anything about the settlement thingy and different indexes. I'm too small a fry in this big pond, to be able to do much about it either way. I always figure if you get the biggest or near biggest volume and activity, these things will take care of themselves.
Okay for better or worse I took my signal and got the credit spread in. Now we wait and see. Got a couple of scratch paper trades for those butterfly trades to see how they do. One in CALLS and one in PUTS. Need to learn what happens?
Indeed, the dollar turned, and the stock market sold off. 10.13AM was the top in both the dollar and the stock market. TJ Max Stanford: with all this razor timing, one can still lose money, because of ___ and _____. It is in the blanks
TJ Got a strong signal for the upside. Might have to watch close tomorrow and close out my credit spread quick. Instead of going through to afternoon expiration. My darned thing was very near and inside my safety parameter for a trade.
OOOOhhhh! I was counting on a TR of 6 points. Which would stretch things for me. But just checked the TR and it is 8.11. Bad news. I could get hit tomorrow, will have to be watchful and close early if threatened on the credit spread.
Trading Journal Trying to get a reading for FRIDAY off your USD and EUR. The Euro seems to say a down move today Friday? That would be okay by me. Now to see if that reading the EUR turns out to be accurate short term forecast?
TLT calls 100 options tlt was 100.88 option .50 to 1.00 expiring today why such a wide spread? any thoughts are appreciated.