I was watching that all the way to close.....

Ok, here is my analysis on today. I waited until the end of the day to see if I could pull it out and it wouldnt roll over. Lets take a look. Now as you are aware, I blogged that I found a pattern that the premarket tended to be a sparkline for the open day coming up. You can look back over the last two days and see that post. Now for today: It didnt really follow. Or did it? I was having some problems following live time. Do you see right to...

Read More

Ok, now we are going to add on

Now we are going to add on another put and hold it until the last hr of trading... QQQ Jan 2016 103.500 put (QQQ160129P00103500)  -OPR  Watchlist 0.20  1.53(88.44%) 1:47PM EST Prev Close:1.73 Open:1.58 Bid:0.19 Ask:0.20 Strike:103.50 Expire Date:29-Jan-16 Day's Range:0.19 - 1.58 Contract Range:N/A - N/A Volume:5,415 Open Interest:6,373 Hopefully this comes back...

Read More

Purchase dayput

We are going to go ahead and purchase a dayput and hold this for about an hour, hour and a half or so. QQQ Jan 2016 103.000 put (QQQ160129P00103000) -OPR 0.50 1.56(75.73%) 10:10AM EST Prev Close:2.06 Open:1.20 Bid:0.47 Ask:0.50 Strike:103.00 Expire Date:29-Jan-16 Day's Range:0.49 - 1.22 Contract Range:N/A - N/A Volume:2,127 Open Interest:23,919 Stay tuned for any reverse-ups. Tradinginsi...

Read More

ok, here is what the map says

At about 9:35 Chicago time we are going to purchase a put. The market should drop a bit then we are going to reverse with a daycall and then hold that until about 1230 or so. Then we are going to reverse again and go with a dayput and hold that until about 130. And that is our plan for today...so you might want to sign up on my twitter marklaechel@tradecontrarian for immediate up to day orders. At this time, just follow me to see how I do with this new system.... Tradinginsi...

Read More

outlook for today

...

Read More

Lets talk today...

How is everybody this evening. Its evening in Chicago and I think I am going to run out and get some Burger King before the Republican Debate tonight 35 minutes from now. I watched the Democratic Debate a few days ago and now I hear tonight Trump is doing the equivalent of sitting in the car angry with his arms folded and not coming out until Megan apologizes to him. I know he is going to do a seperate thing the same time, but to tell you the truth Megan is just going to sit there and be attractive and gloat like a sorority girl that Trump backed...

Read More

No orders

Have a nice night. Made the money today. No end of day opps. Come back later for a wrap up of the day. Tradinginsi...

Read More

exit that last 45min dayput with 7% profit

We are going to exit that dayput with 7% profit. QQQ Jan 2016 102.000 put (QQQ160129P00102000) -OPR Watchlist 1.05 0.73(41.01%) 3:02PM EST Prev Close:1.78 Open:0.97 Bid:1.00 Ask:1.02 Strike:102.00 Expire Date:29-Jan-16 Day's Range:0.75 - 2.05 Contract Range:N/A - N/A Volume:10,961 Open Interest:18,640 Not too shabby! I will have a market overview after close. No other orders for today. I really like this system with...

Read More

Lets try this last hour drop....

Ok, now Im going for the final hour drop....our entry is below... QQQ Jan 2016 102.000 put (QQQ160129P00102000) -OPR Watchlist 0.83 0.95(53.37%) 2:43PM EST Prev Close:1.78 Open:0.97 Bid:0.91 Ask:0.93 Strike:102.00 Expire Date:29-Jan-16 Day's Range:0.75 - 2.05 Contract Range:N/A - N/A Volume:10,876 Open Interest:18,640 Come on back last 10 minutes for orders. Tradinginsi...

Read More

Exit dayput

Now we exit the dayput for 15% profit QQQ Jan 2016 102.000 put (QQQ160129P00102000) -OPR Watchlist 0.97 0.81(45.51%) 1:00PM EST Prev Close:1.78 Open:0.97 Bid:0.97 Ask:1.00 Strike:102.00 Expire Date:29-Jan-16 Day's Range:0.83 - 2.05 Contract Range:N/A - N/A Volume:9,026 Open Interest:18,640 Check back a bit later Tradinginsi...

Read More

Dayput issued

Issueing a dayput, will hold about 1hr-hr and a half. QQQ Jan 2016 102.000 put (QQQ160129P00102000) -OPR 0.85 0.93(52.25%) 12:38PM EST Prev Close:1.78 Open:0.97 Bid:0.84 Ask:0.85 Strike:102.00 Expire Date:29-Jan-16 Day's Range:0.85 - 2.05 Contract Range:N/A - N/A Volume:8,748 Open Interest:18,640 Check back then Tradinginsi...

Read More

exit first daycall for profit

Exit the daycall for profit: QQQ Jan 2016 100.000 call (QQQ160129C00100000) -OPR 2.20 0.63(40.13%) 12:31PM EST Prev Close:1.57 Open:2.50 Bid:2.14 Ask:2.18 Strike:100.00 Expire Date:29-Jan-16 Day's Range:1.20 - 2.53 Contract Range:N/A - N/A Volume:2,128 Open Interest:2,414 I am going to be reversing this now stay tuned... Tradinginsi...

Read More

purchase QQQ calls

good morning...Purchase QQQ calls QQQ Jan 2016 100.000 call (QQQ160129C00100000) -OPR 2.06 0.49(31.21%) 10:19AM EST Prev Close:1.57 Open:2.50 Bid:2.08 Ask:2.11 Strike:100.00 Expire Date:29-Jan-16 Day's Range:2.06 - 2.53 Contract Range:N/A - N/A Volume:397 Open Interest:2,414 We are going to sit on this a bit and see what happ...

Read More

I was staring at the data and then I was thunderstruck...

Do you remember that show about 12 years ago called 'Early Edition'? (https://www.google.com/?gws_rd=ssl#q=early+edition) It was this show about this guy who one day got up and found a newspaper laying in front of his apartment door. He picked it up and took a look at it and right away noticed that the paper was dated wrong...it was tomorrows date. He looked at the headlines. Nothing he heard on the news this morning. It must be a gag paper. One...

Read More

No end of day orders

Thats it for today. Total gain:9%. We will continue this system tomorrow and see how it goes! Tradinginsi...

Read More

So how did I do today?

I think its pretty damn good that even though I eeked out a 10 percent profit today, that was with the system ignoring the premarket direction early this morning. Usually the premarkets set the days trading. If the premarkets were UP this morning, and I traded off of that, I would have made about 50 percent today. Well, a win is a win, and I will be constantly be tweaking this. For example, I did not reverse today at noon like my template says, because seeing that things were going the other way on me, noon itself was the reversal, so i just held....

Read More

Exit second dayput for even money

We exit the second put for even money and just get out today with approx 9-10% gain. QQQ Jan 2016 101.500 put (QQQ160129P00101500) -OPR Watchlist 1.11 0.37(50.00%) 2:19PM EST Prev Close:0.74 Open:0.75 Bid:1.09 Ask:1.11 Strike:101.50 Expire Date:29-Jan-16 Day's Range:0.66 - 1.31 Contract Range:N/A - N/A Volume:1,966 Open Interest:5,294 I will get into analysis on todays events in a post after market close. Tradingins...

Read More

Exit first 9:15 daycall option

We exit the first daycall option with a 11% gain: QQQ Jan 2016 101.500 put (QQQ160129P00101500) -OPR Watchlist 1.09 0.35(47.30%) 2:13PM EST Prev Close:0.74 Open:0.75 Bid:1.05 Ask:1.08 Strike:101.50 Expire Date:29-Jan-16 Day's Range:0.66 - 1.31 Contract Range:N/A - N/A Volume:1,822 Open Interest:5,294 Hold for about 30 min and we will see what happens with the other one...

Read More

I am going to hold these two puts

I know that I said to reverse the call about now but it seems that it topped right about the time of noon here in chicago and that it ITSELF is the reversal. So I am going to go ahead and hold onto these until about 2pm chicago time. Still trying to hammer this new system out. Tradinginsi...

Read More

ok, lets shore this up

We are going to shore up that put option QQQ Jan 2016 101.500 put (QQQ160129P00101500) -OPR Watchlist 1.10 0.36(48.65%) 11:15AM EST Prev Close:0.74 Open:0.75 Bid:1.12 Ask:1.14 Strike:101.50 Expire Date:29-Jan-16 Day's Range:0.75 - 1.31 Contract Range:N/A - N/A Volume:1,369 Open Interest:5,294 Now we are in with a multi in DD we are going to hold until about 12:20 Chicago time. Tradinginsi...

Read More

Purchase QQQ puts

Purchase QQQ puts QQQ Jan 2016 101.500 put (QQQ160129P00101500) -OPR 0.96 0.22(29.73%) 9:53AM EST Prev Close:0.74 Open:0.75 Bid:0.95 Ask:0.96 Strike:101.50 Expire Date:29-Jan-16 Day's Range:0.75 - 0.96 Contract Range:N/A - N/A Volume:457 Open Interest:5,294 I will check back again in an hour and a half Tradinginsi...

Read More

papa's got a brand new bag

Ive been pouring over the data and retooling things. Check out the past 5 days and look at the pattern that emerges: Certain things are happening everyday based on what the premarkets are indicating before open. Above, I made some annotations. A is when the market opens. It almost always fades the gap as buy or sell orders are built up from the early morning and from the night before. B is my new entry point almost everyday 1/2 hour after market...

Read More

exit daycall

we make a bit off the dayput, almost balancing out the daycall from earlier. QQQ Jan 2016 103.500 put (QQQ160129P00103500) -OPR 1.66 0.45(21.33%) 2:36PM EST Prev Close:2.11 Open:1.77 Bid:1.56 Ask:1.58 Strike:103.50 Expire Date:29-Jan-16 Day's Range:1.32 - 2.33 Contract Range:N/A - N/A Volume:2,023 Open Interest:6,959 It has occured to me that since we are in a 20% news cycle my technical analysis is currently not effective....

Read More

daycall reversal

sell this daycall QQQ Jan 2016 103.000 call (QQQ160129C00103000) -OPR 1.45 0.36(33.03%) 12:54PM EST Prev Close:1.09 Open:1.19 Bid:1.45 Ask:1.47 Strike:103.00 Expire Date:29-Jan-16 Day's Range:0.90 - 1.55 Contract Range:N/A - N/A Volume:9,963 Open Interest:5,267 and purchase this dayput QQQ Jan 2016 103.500 put (QQQ160129P00103500) -OPR 1.47 0.64(30.33%) 12:55PM EST Prev Close:2.11 Open:1.77 Bid:1.48 Ask:1.50 Strike:103.50 Expire...

Read More

daycall issued

Right back into that option again as a daycall. QQQ Jan 2016 103.000 call (QQQ160129C00103000) -OPR 1.53 0.44(40.37%) 12:20PM EST Prev Close:1.09 Open:1.19 Bid:1.51 Ask:1.53 Strike:103.00 Expire Date:29-Jan-16 Day's Range:0.90 - 1.55 Contract Range:N/A - N/A Volume:9,054 Open Interest:5,267 Lets see what this does today. Tradinginsi...

Read More

I am closing out the spread from last week with an out today on the call side of it. QQQ Jan 2016 103.000 call (QQQ160129C00103000) -OPR 1.39 0.30(27.52%) 12:05PM EST Prev Close:1.09 Open:1.19 Bid:1.41 Ask:1.43 Strike:103.00 Expire Date:29-Jan-16 Day's Range:0.90 - 1.42 Contract Range:N/A - N/A Volume:9,039 Open Interest:5,267 News today is screwing things up with oil. The technicals had a clear drop signal, but we are...

Read More

So how did I do today?

Seemed like a walk sideways. Nothing on the overnight, and nothing on the dayput, depending on when you got around to executing it, or maybe a sliver of profit if you executed 15 min after my issue. A general crap day overall, not enough movement. I now have two options hanging out there. I will go over this later this evening and my plans on how Im going to deal with that. The first thing is todays call side from last nights spread. I will be able to recover some of that tomorrow and hopefully the DD put yeilds some fruit. Have a good drive...

Read More

End of day order

Charts showing double hammer reversal. Therefore Im going to issue end of day put, this one a double down. QQQ Jan 2016 102.000 put (QQQ160129P00102000) -OPR 1.35 0.39(40.63%) 3:37PM EST Prev Close:0.96 Open:0.95 Bid:1.33 Ask:1.30 Strike:102.00 Expire Date:29-Jan-16 Day's Range:0.64 - 1.35 Contract Range:N/A - N/A Volume:7,648 Open Interest:20,125 That will be all for today, get that in before close, or paper trade it...

Read More

Exit Dayput

We are going to exit our dayput for a slight loss QQQ Jan 2016 103.500 put (QQQ160129P00103500) -OPR Watchlist 1.45 0.09(5.84%) 2:17PM EST Prev Close:1.54 Open:1.66 Bid:1.44 Ask:1.45 Strike:103.50 Expire Date:29-Jan-16 Day's Range:1.13 - 1.66 Contract Range:N/A - N/A Volume:4,049 Open Interest:5,818 Quotes delayed, except where indicated otherwise. Currency in USD. Turns out there just wasnt any volitility today, through...

Read More

Not enough volitility

I am having some problems due to things not moving enough one way or the other. We are going to hold onto this dayput for a another hour or so and see what shakes out with it, and then I will be back on for the last 15 minutes of the day. Its just a waiting game from here. Tradinginsi...

Read More

dayput issued

Dayput to be purchaed today: QQQ Jan 2016 103.500 put (QQQ160129P00103500) -OPR Watchlist 1.54 0.00(0.00%) 11:10AM EST Prev Close:1.54 Open:1.66 Bid:1.52 Ask:1.54 Strike:103.50 Expire Date:29-Jan-16 Day's Range:1.34 - 1.66 Contract Range:N/A - N/A Volume:1,501 Open Interest:5,818 That will be all, I will watch for reversals... Tradinginsi...

Read More

dump QQQ DD puteven money

Dump the QQQ put DD even money QQQ Jan 2016 103.000 call (QQQ160129C00103000) -OPR 1.82 0.12(6.19%) 9:47AM EST Prev Close:1.94 Open:1.68 Bid:1.79 Ask:1.82 Strike:103.00 Expire Date:29-Jan-16 Day's Range:1.68 - 1.84 Contract Range:N/A - N/A Volume:216 Open Interest:4,729 We will wait to see what happens further, along with a possible daycall/put. Tradinginsi...

Read More

Monday

I would like to correct an error on Fridays spread. What I meant to say for the DD puts were: QQQ Jan 2016 103.500 put (QQQ160129P00103500) -OPR Watchlist 1.54 1.76(53.33%) Jan 22 Prev Close:3.30 Open:2.14 Bid:1.51 Ask:1.54 Strike:103.50 Expire Date:29-Jan-16 Day's Range:1.49 - 2.17 Contract Range:N/A - N/A Volume:3,617 Open Interest:4,997 What I had put down were puts that were going to expire in 10 minutes at the end...

Read More

Saturdays Post

How is everyone's weekend doing? Mine is going just fine, getting some cleaning around the house done, going downtown in the city tonight. I would like to go over my trading day on Friday. It turns out I am not suited to slam 2 monster energy drinks and roll the dice while screaming 'cmon 7!!!!' I think I will just stick to my regular system of the three main trading points per day. Once 10 minutes before close, buying which way I think the market will go the next day based on news/technical candle charts. the second being about 45 minutes after...

Read More

2 down one up

I foresee something bad happening next week. A bad piece of news. Not sure what its going to be but the obvious thing is people think that this market just hit a bottom and is going to bounce back. I dont agree. I am going to go with a call that expires next week but I am going to DD double down on put calls that expire a week after that for Monday: My calls My DD puts Get this in before market close and I will see you Monday. Wrap up an analysis...

Read More

exit daycall

exit daycall for loss: I guess ill just stick with what I know and not ride the coaster down with my hands up anymore. what I know: end of day call, check for gap sell hold 45 min after markets open, 2.5 hrs after market open daycall/dayput and thats it. I was hot doggin it today to see if it would stick. Nope. Ill be back in 15 min to see if any end of day to hold over weekend. Tradinginsi...

Read More

daycall issued

Lets ride that big moe until 2:25. Wooooo! Our in QQQ Jan 2016 103.000 call (QQQ160122C00103000)  -OPR 0.60  0.46(328.57%) 1:53PM EST Prev Close:0.14 Open:0.38 Bid:0.58 Ask:0.61 Strike:103.00 Expire Date:22-Jan-16 Day's Range:0.30 - 0.79 Contract Range:N/A - N/A Volume:10,969 Open Interest:7,664 Quotes delayed, except where indicated otherwise. Currency in USD. Check back at...

Read More