This RED triangle should have provided some good short longer than a day or two, WRONG! let see how long they can keep this in between my two yellow lines here.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
cougar wrote:Do not forget OpEX...with all its garbage: “Max Pain“, “Current Pain” and “no loss optimal range”…
oe is extremely important, but the pains are useless per my research. 1 big reason is cannot find out the reason for option writing. writer could more than likely have position in underlying assets. in hedging world, derivatives are secondary.
This time I disagree… One should know all the numbers (real or fake) which are being whispered…That does not mean that you should trade them blindly!
Writing options can be a targeted operation “per se” if you are nimble, disciplined and have your back covered…
I understand that you were a professional trader and I appreciate you views…
Good luck!
boring, so here's a wild-est-est guess, for fun. lunch time, will be back.
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made the first score, now let's see pullback part. maintain the plan.
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stucap wrote:EUR/USD failing at resistance.
ES 5 min RSI overbought.
ES 5 min MACD about to cross.
ES 5 min above VWAP.
BUY SIGNAL
Sold Long with EUR/USD at resistance. Prefer to see a clear breakout and successful retest to stay long in this choppy market.
My buy signal had a hint of sarcasm but not sure if i would sell here StrikePrice. If I were sitting long right now i'd probably move my stop up to around 1253 ES and let it ride. Would hate to miss the 3pm shuttle mission to the moon.