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Cobra wrote:, hey, you know everything now,newbie_77 wrote:master cobra,
3rd time is a charm we have to go up ... ... till tuesday.. then it will be 7 days up and we start our leg down right?Cobra wrote:indeed it's up, now watch blue line, another failure there would not be fun anymore.
In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.Me XMan wrote:Try one more time. Sell-stop at $124.80.
Cobra wrote:indeed it's up, now watch blue line, another failure there would not be fun anymore.
tdo722 wrote:In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.Me XMan wrote:Try one more time. Sell-stop at $124.80.
Cobra wrote:indeed it's up, now watch blue line, another failure there would not be fun anymore.
I learned that somewhere but I cannot remember where.
Are we in Bear Trend or Bull Trend? 6 straight down followed by 4 straight up????? I am with Dow Trader on this one which is scalp until a real trend is identified then get on board and use TA for setups.tdo722 wrote:In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.Me XMan wrote:Try one more time. Sell-stop at $124.80.
Cobra wrote:indeed it's up, now watch blue line, another failure there would not be fun anymore.
I learned that somewhere but I cannot remember where.
I made up my mind seeing the rise from $124.47 to $125.34. That don't look like hi/low overlapping price action.Me XMan wrote:Try one more time. Sell-stop at $124.80. Buy-stop $125.40
Gonna cover both ends. Break down and break up.
tdo722 wrote:In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.Me XMan wrote:Try one more time. Sell-stop at $124.80.
Cobra wrote:indeed it's up, now watch blue line, another failure there would not be fun anymore.
I learned that somewhere but I cannot remember where.
Progressively! That is the whole trick: to buy cheap and sell expensive.newbie_77 wrote:hello cougar,
if you donot mind me asking. do you construct these spread at the same time or you take certain position and build the spread later dates?
cougar wrote:NO!I am afraid my previous post was incomplete!jarbo456 wrote:you're long SPY DEC 117 puts?cougar wrote:Great, Al!Al_Dente wrote:Yo Baron von SantaBB52x: real dudes don’t “go shopping”
http://www.youtube.com/watch?v=ewx0kWCp ... re=related
they do however need frequent updates on chop days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =245360380
Today was a day-traders’ paradise!
I used the UPRO 1 min chart, not to day trade, but to slowly construct a new time spread:
Long SPY Dec 17 puts
Short SPY Dec 09 puts
UPRO update:
short SPY DEC 109 puts?
a bearish debit of .50?
I bought SPY125 Dec 17 puts
...and:
I sold (to open) SPY125 Dec O9 puts
…where Dec 17 and Dec 09 are the expiration dates and 125 is the strike (for both legs)
That makes it a time spread.
He is ski jum[ing somewhere. Stashing all his freshly printed $500 and $1000 USD.chocobee wrote:Where is he? I need his Gold updateTabby wrote:99er said to call the Dr. yesterday. Nobody did!!!!!!!!!!!!!!!He diagnosed right.
I'm a believer, it would play out to perfectly but that of course scares me as well... at least not to many people are talking about it!KENA wrote:Anyone belive we may be starting the 5th wave dn..Right now it is looking like it.
Progressively! That is the whole trick: to buy cheap and sell expensive.
If you construct a “Put Spread” you buy where the puts are cheap (i.e. close to your charted tops) and sell (to open) the short arm when those puts are expensive (i.e. close to your charted lows of the day).
You can do that in several rounds, during the day, when the price oscillates.
Ideally, at the end of the day both arms should be in the green! From then on, if it is a “time spread” the fast decay of the short position will work in your favor!
When you wave guys refer to a particular "wave", is there always an understood and implied time frame? Day, week, month.....??CMT wrote:I'm a believer, it would play out to perfectly but that of course scares me as well... at least not to many people are talking about it!KENA wrote:Anyone belive we may be starting the 5th wave dn..Right now it is looking like it.
Try $124.65 which is 78.6%Me XMan wrote:Buy-stop $124.80 hit.
http://www.traderji.com/technical-analy ... -wave.htmlbushwaffle wrote:When you wave guys refer to a particular "wave", is there always an understood and implied time frame? Day, week, month.....??CMT wrote:I'm a believer, it would play out to perfectly but that of course scares me as well... at least not to many people are talking about it!KENA wrote:Anyone belive we may be starting the 5th wave dn..Right now it is looking like it.
tdo722 wrote:Try $124.65 which is 78.6%Me XMan wrote:Buy-stop $124.80 hit.