We are going to exit that call for about a 6-7% gain for the day, not too shabby.
More tomorrow.
Tradinginsider
| QQQ Apr16 110 Call | 0.86 | 0.86 | 0.87 | 2,074 |
Tradinginsider
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Thursday, March 31, 2016
Hey guys keep holding
And while you hold, I have a funny video for you to watch. Do people annoy you at bars?
Enjoy
Tradinginsider
Enjoy
Tradinginsider
Hi guys...Ive been away. But check this out...
Its a good time for a call. Ive been looking at the charts. We are going to get in with a call.
Thats all for now
Tradinginsider
| QQQ Apr16 110 Call | 0.82 | 0.82 | 0.83 | 1,706 |
Tradinginsider
Wednesday, March 23, 2016
Looks like a double bottom
We are going to get in for a double down as this looks like it just bottomed again. Our in is below:
Thats all for now, see you in a bit.
Tradinginsider
| QQQ AprWk1 107.5 Call | 0.87 | 0.92 | 0.94 | 317 |
Tradinginsider
Good Morning
As this is a free site, I decided to take a few days off. That being said, I think now is a good time to jump in as the indicators are saying that we are near a bottom.
I will be watching this today
Tradinginsider
| QQQ AprWk1 107.5 Call | 1.15 | 1.03 | 1.05 | 187 |
Tradinginsider
Friday, March 18, 2016
Exit call for profit
Exit the call option for profit. I have to go on some errands so that will be it for today, all we did today was print money. Our out is below:
I may or may not be back 10 minutes before market close come on back to see if I issue an order then to hold over the weekend.
Tradinginsider
| QQQ MarWk4 107 Call | 0.90 | 0.91 | 0.92 | 6,171 |
Tradinginsider
Enter QQQ call option
Time for a call option. Look at the below chart and go over my orders. See the timing with the technical indicators Im using?
Below is the order:
More to come later today.
Tradinginsider
Below is the order:
| QQQ MarWk4 107 Call | 0.77 | 0.80 | 0.81 | 5,753 |
Tradinginsider
Exit putQQQ
Ok, time to exit the put for profit...
Keep close, another order on way
Tradinginsider
| QQQ MarWk4 107.5 Put | 1.16 | 1.16 | 1.17 | 3,194 |
Tradinginsider
MMMK..now time for QQQ put and here is why..
Its time for a put...look at this chart and tell me if you agree...
Below is our in:
I will keep you up to date..
Tradinginsider
Below is our in:
| QQQ MarWk4 107.5 Put | 0.78 | 0.79 | 0.80 | 880 |
Tradinginsider
Now exit that call for
Exit the QQQ call for a one hour gain of 27%. Think about that. What does your money make in a year sitting in a bank or in a mutual fund? Sure as hell less 27%. Our exit is below:
Stay tuned, we are going to catch things on the flip side.
Tradinginsider
| QQQ MarWk4 107 Call | 1.13 | 1.12 | 1.13 | 4,605 |
Tradinginsider
QQQ call...good morning
This morning we are going to go with a QQQ call. I am prepared to double down if nessesary.
I will be watching this this morning.
Tradinginsider
| QQQ MarWk4 107 Call | 0.80 | 0.81 | 0.82 | 1,932 |
Tradinginsider
Thursday, March 17, 2016
Good Morning...sell yesterdays put for profit
This morning we exit yesterdays put for profit:
Stay tuned today for more trades...
Tradinginsider
| QQQ MarWk4 107.5 Put | 1.46 | 1.34 | 1.36 | 349 |
Tradinginsider
Wednesday, March 16, 2016
new top..time for QQQ put
New top found, we are going to hold put and hold this overnight.
See you guys tomorrow...
Tradinginsider
| QQQ MarWk4 107.5 Put | 1.14 | 1.14 | 1.16 |
Tradinginsider
Exit call for profit
Exit that QQQ call for profit..it just way jumped...
More to come
Tradinginsider
| QQQ Mar16 106.5 Call | 0.81 | 0.95 | 1.09 | 5,804 |
Tradinginsider
call on QQQ
Today I am issueing a call
Thats all for now
Tradinginsider
| QQQ Mar16 106.5 Call | 0.76 | 0.75 | 0.77 | 5,443 |
Tradinginsider
Going to bail yesterdays put
Bailing on yesterdays put....
Looking around for more ops.
Tradinginsider
| QQQ Mar16 106.5 Put | 0.91 | 0.89 | 0.91 | 2,547 |
Tradinginsider
Tuesday, March 15, 2016
QQQ put
Ok, I think its time to move in with one of these...my in:
I am prepared to double down if this gets wrong.
Tradinginsider
| QQQ Mar16 106.5 Put | 0.98 | 0.97 | 0.98 | 1,883 |
Tradinginsider
Monday, March 14, 2016
Move on over, heres a QQQ put
I believe that its time to purchase a QQQ put. My in is below
Come on back the last 5 minutes of the day for further orders.
Tradinginsider
| QQQ Mar16 106.5 Put | 0.93 | 0.97 | 0.98 | 3,864 |
Tradinginsider
still sideways wierd action
I am still sitting this one out so far today. I am seeing some wierd stuff on the chart, and if I dont like what Im seeing, I cant recommend it.
Stay tuned for the last 2 hrs.
Tradinginsider
Stay tuned for the last 2 hrs.
Tradinginsider
Something is not right about that call option
My sixth sense is going off. Im not sure whats wrong, whether it be the parbolic curve of the last hour and a half, or the fact that the option price is not climbing like it should be, tells me its time to get out. Our exit from Fridays call
This yeilds us a slight profit. We now look for something else to get into.
Tradinginsider
| QQQ Mar16 106 Call | 1.25 | 1.23 | 1.25 | 4,490 |
Tradinginsider
Good Morning
I am considering exiting the call from last friday, although there doesnt seem to be that much of a gain in the option as of yet. I believe I am going to hang on to that call for a little bit and see what shakes out.
How was everybodies weekend? Good I hope.
Stay tuned, I will have my eyes peeled.
Tradinginsider
How was everybodies weekend? Good I hope.
Stay tuned, I will have my eyes peeled.
Tradinginsider
Friday, March 11, 2016
enter 106 call
Enter below
Hold over weekend.
Have a good weekend
Tradinginsider
| QQQ Mar16 106 Call | 1.19 | 1.19 | 1.20 | 11,793 |
Have a good weekend
Tradinginsider
Exit 106 put for a bit of loss
Exit that 106 put. Winds are starting to blow the other way. Below is our exit:
One more trade in 2 minutes...
Tradinginsider
| QQQ Mar16 106 Put | 0.98 | 0.98 | 0.99 | 5,859 |
Tradinginsider
Strange price action..options expiration
Well, I have been watching some strange price action on the cubes today almost as if the cubes were gonna get bought out at 106. I will assume thats a price that a lot of contracts are being written for. So we chill and hold. I will be on a bit later.
Tradinginsider
Tradinginsider
So where we are at today...
Just thought you would like to know what I am looking at right now as I am holding my QQQ put waiting for some action:
You can see where I bought in above, at the top. The cubes are on the ceiling and I expect a drop. If not, so what, I will double down (cost averaging) and still win in the big picture. So as you can see in the chart above and some of the indicators I am looking at are the RSI, which is the first indicator below the candlestick chart above and is in pink. The RSI is in overbought territory indicating to sell or put. The other two indicators show there was already a top. We are sitting pretty with our put and now its a waiting game. I expect action within two hours. Make sure you sign up on my twitter account and configure my tweets to your phone so you dont have to sit in front of your computer. And if you are at work you can do other things. When I tweet, your phone will ding then its go time. My twitter: MarkLaechel@tradecontrarian
Tradinginsider
You can see where I bought in above, at the top. The cubes are on the ceiling and I expect a drop. If not, so what, I will double down (cost averaging) and still win in the big picture. So as you can see in the chart above and some of the indicators I am looking at are the RSI, which is the first indicator below the candlestick chart above and is in pink. The RSI is in overbought territory indicating to sell or put. The other two indicators show there was already a top. We are sitting pretty with our put and now its a waiting game. I expect action within two hours. Make sure you sign up on my twitter account and configure my tweets to your phone so you dont have to sit in front of your computer. And if you are at work you can do other things. When I tweet, your phone will ding then its go time. My twitter: MarkLaechel@tradecontrarian
Tradinginsider
Purchase QQQ put
The 5 min candlestick charts and indicators say that its put time for the cubes. Below is my in:
Thats all for now, making good money so far today.
Tradinginsider
| QQQ Mar16 106 Put | 1.26 | 1.23 | 1.25 | 2,128 |
Tradinginsider
Good Morning 80% profit overnight
Remember that call yesterday, then the double down then the double down again?
My headline was exit everything, but then when you read the rest I changed it and instead said buy a third time, god Im greedy/
Well I never exited those three trades if you go back and read all that yesterday...Now I am going to exit those three trades while making some paper bank....below is our out
We were in yesterday at 1.30, then 1.06, etc. So this is 80% profit overnight.
Now exit all those calls from yesterday.
More to come today..
Tradinginsider
My headline was exit everything, but then when you read the rest I changed it and instead said buy a third time, god Im greedy/
Well I never exited those three trades if you go back and read all that yesterday...Now I am going to exit those three trades while making some paper bank....below is our out
| QQQ Mar16 104.5 Call | 1.91 | 1.92 | 1.95 | 228 |
Now exit all those calls from yesterday.
More to come today..
Tradinginsider
Thursday, March 10, 2016
Exit everything...
I want to buy more. Its at
I am going do do a second DD call.
God, Im greedy.
More later today
Tradinginsider
| QQQ Mar16 104.5 Call | 1.09 | 1.09 | 1.10 | 1,435 |
God, Im greedy.
More later today
Tradinginsider
Double down on that QQQ call
We are going to DD down (2x) on that last call. Our improved in:
Thats all for now..
Tradinginsider
| QQQ Mar16 104.5 Call | 1.09 | 1.11 | 1.13 | 1,070 |
Tradinginsider
And now, a call to switch it up.
The techs say its time for a call. Our in is below...
Thats all for now, keep on keeping on.
Tradinginsider
| QQQ Mar16 104.5 Call | 1.30 | 1.29 | 1.32 | 703 |
Tradinginsider
ah...there we go
So. We recover. Exit that put from last night no profit/loss
Now come right back for next order...
Tradinginsider
| QQQ Mar16 104.5 Put | 1.55 | 1.59 | 1.61 | 851 |
Tradinginsider
Damn it, blue bar last 2 minutes again last nite
I had some crazy shit happening to me the last 5 minutes of trading last night. The phone rang. Got a job offer. Somebody downstairs dropped something. F'ing blue bar showed up in the last two minutes. And that blue bar while my shit was up in the air cost me about 30 percent because I didnt/couldnt catch it on time.
Faaaaaaaaaaack.
Anyway, here is the deal I am going to attempt to double down to clean that up. We are still holding that put from last night and things are bouncing all over here on the chart. I will let you know the right time to exit that put from last night or a good time to DD on it.
Anyway, I am enjoying the spring air here in Chicago. Much better than the 4 degree temps we had last month...now its in the 60s. Feb in Chicago seems to be the final yuck few from the North Pole every year around the second week in Feb. Ugh.
I will keep you up to date on your paper trading today,
Tradinginsider
Faaaaaaaaaaack.
Anyway, here is the deal I am going to attempt to double down to clean that up. We are still holding that put from last night and things are bouncing all over here on the chart. I will let you know the right time to exit that put from last night or a good time to DD on it.
Anyway, I am enjoying the spring air here in Chicago. Much better than the 4 degree temps we had last month...now its in the 60s. Feb in Chicago seems to be the final yuck few from the North Pole every year around the second week in Feb. Ugh.
I will keep you up to date on your paper trading today,
Tradinginsider
Wednesday, March 9, 2016
Purchase QQQ put
Time for another QQQ put to open.
Thats all for now. Remember the last two minutes of the trading day, although I expect to be out of this sooner that that.
Tradinginsider
| QQQ Mar16 104.5 Put | 1.58 | 1.57 | 1.59 | 590 |
Tradinginsider
Exit QQQ put for profit
We exit our QQQ put for profit
More to come later,
Tradinginsider
| QQQ Mar16 104.5 Put | 1.73 | 1.72 | 1.74 | 501 |
Tradinginsider
QQQ put
Time for a put on the QQQ.
Our in
Thats all for now,
Tradinginsider
| QQQ Mar16 104.5 Put | 1.59 | 1.62 | 1.64 | 342 |
Thats all for now,
Tradinginsider
We profit on the overnight call option
We profit on the hold overnight call option and exit: Remember we bought at 1.52..
More coming up in a bit..
Tradinginsider
| QQQ Mar16 104 Call | 1.67 | 1.63 | 1.65 | 1,457 |
Tradinginsider
Tuesday, March 8, 2016
We are going to set up for an overnight option
But remember, come back here 2 minutes before close.
That way I can get the most accurate reading as to the direction that the market will open tomorrow.
Tradinginsider
That way I can get the most accurate reading as to the direction that the market will open tomorrow.
Tradinginsider
Some funky movements today
Things I do not like, and will not trade..consider the below chart for today...
Note that the RSI is not moving to the top and bottom channels correctly today. I dont like that. However, that tells me a coiled spring is building up and I am going to have to check the daily to see whats happening:
So we are going to keep our eyes peeled on this setup that is currently happening. Also today there will be a trade in the last two minutes, so stay frosty.
More later
Tradinginsider
Note that the RSI is not moving to the top and bottom channels correctly today. I dont like that. However, that tells me a coiled spring is building up and I am going to have to check the daily to see whats happening:
So we are going to keep our eyes peeled on this setup that is currently happening. Also today there will be a trade in the last two minutes, so stay frosty.
More later
Tradinginsider
Monday, March 7, 2016
My Trading activity for the day
So far so good...we held a call over the weekend from Friday. I made that call 15 minutes before close and then 2 minutes before close there was a reversal, and a red arrow.
So from now on I do my end of day judegement call to hold overnight during the last 2 minutes.
I recovered off that with the first exit of the trading day, then I bought a put I then made money on, a call that went the wrong way, then I covered it with a double down call which then pulled a 30 percent gain.
Today there was no overnight option play. Below is a chart of what I decribed above, with the green cirles my trading points. Note the corresponding RSI chart directly below in pink.
Well, so far so good guys. If this keeps up Ill be making 20 percent a day easy, and we all know what that means with compound interest......
Tradinginsider
So from now on I do my end of day judegement call to hold overnight during the last 2 minutes.
I recovered off that with the first exit of the trading day, then I bought a put I then made money on, a call that went the wrong way, then I covered it with a double down call which then pulled a 30 percent gain.
Today there was no overnight option play. Below is a chart of what I decribed above, with the green cirles my trading points. Note the corresponding RSI chart directly below in pink.
Well, so far so good guys. If this keeps up Ill be making 20 percent a day easy, and we all know what that means with compound interest......
Tradinginsider
Exit DD for profit, exit other trade before it
Exit everything, the DD made a good 30%. Our out is below:
That will be all for today, we made some money...good!
We will not be holding anything overnight today.
Thanks for following my trades!
Tradinginsider
| QQQ MarWk2 105 Call | 1.00 | 1.00 | 1.01 | 13,858 |
We will not be holding anything overnight today.
Thanks for following my trades!
Tradinginsider
DD on QQQ call
At this time we are going to DD on the qqqCall from earlier. Our in again (2x the money of the original at the new entry price below):
Thats all for now...
Tradinginsider
| QQQ MarWk2 105 Call | 0.73 | 0.73 | 0.74 | 10,308 |
Tradinginsider
Purchase call option
Time to get in with a call option on the QQQ. My in below:
Thats is all for now, going to lunch.
Tradinginsider
| QQQ MarWk2 105 Call | 0.96 | 0.97 | 0.98 | 7,972 |
Tradinginsider
Exit put option
Time to exit that put option for profit...
More to come
Tradinginsider
| QQQ MarWk2 105.5 Put | 1.23 | 1.24 | 1.25 | 2,358 |
Tradinginsider
Put trade QQQ
Now get in this trade and lets ride it down:
More to come,
Tradinginsider
| QQQ MarWk2 105.5 Put | 0.95 | 0.99 | 1.00 | 1,517 |
Tradinginsider
Good morning
Good morning everyone. We are going to bail on that call from Friday. Below is myout:
It is a loss, we will try to make it up today. As I said yesterday, a red arrow showed up in the last 2 minutes of the trading day Fri so from now on any last minute end of day orders will be the last 2 minutes. Kind of a fumbling rush trying to get option order in, but thats whats going to have to happen in order to avoid any last minute change ups.
Back in a bit.
Tradinginsider
| QQQ MarWk2 105.5 Call | 1.02 | 1.03 | 1.04 | 3,515 |
Back in a bit.
Tradinginsider
Sunday, March 6, 2016
Heads up
That trade I made 15 minutes before close on Friday might be going the wrong way on Monday. It was 15 minutes before close and I got a blue arrow, meaning the market would probably open up on Monday. During the last 3 minutes a red arrow suddenly showed up meaning open down for monday.
We will see if we can exit out of this if there is a gap fade in the morning.
Tradinginsider
We will see if we can exit out of this if there is a gap fade in the morning.
Tradinginsider
Friday, March 4, 2016
Last call of day to hold over weekend
This is it for today...purchase the below and hang onto it over the weekend.
Have a nice weekend and thank you for following my trades~
Tradinginsider
| QQQ MarWk2 105.5 Call | 1.20 | 1.21 | 1.24 | 1,956 |
Tradinginsider
Exit that option now for profit...
Either Im having a miracle day or its gonna be this easy from now on. Lets take the money from that last option we purchased and we get out.
Come back the last 10 minutes.
Tradinginsider
| QQQ MarWk2 105.5 Call | 1.23 | 1.23 | 1.25 | 1,921 |
Tradinginsider
Purchase call QQQ
Time to purchase a QQQ call
Thats all until 10 min before close...
Tradinginsider
| QQQ MarWk2 105.5 Call | 1.16 | 1.13 | 1.16 | 1,580 |
Tradinginsider
Exit that QQQ put...now this is gettin goin!
Now exit that QQQ put for about a 20% gain. The out is below:
This is the chart I looked at to get this info:
Come back 15 min before close for EOD orders.
Tradinginsider
| QQQ MarWk2 106.5 Put | 1.51 | 1.54 | 1.58 | 363 |
Come back 15 min before close for EOD orders.
Tradinginsider
Now purchase put on QQQ
Time for a put. Here is the info:
We will hold this for a bit, possibily overnight, I will watch.
More later. Above is the chart I am using. Check it out.Why did I issue a put order?
Tradinginsider
| QQQ MarWk2 106.5 Put | 1.21 | 1.16 | 1.18 | 323 |
More later. Above is the chart I am using. Check it out.Why did I issue a put order?
Tradinginsider
I just realized that I didnt actually write down the put
which is fine. Stay out for now, I will tell you when to get in. I am thinking we will be getting in near the end of the day. I am watching the charts.
Actually I am glad I did not generate the put call. As today is expiration day, I would have (should have) gone a week out and not played with the current day of strike prices that are expiring today.
So that is what we are going to do. Come on back in about an hour or so and see where we are at.
Tradinginsider
Actually I am glad I did not generate the put call. As today is expiration day, I would have (should have) gone a week out and not played with the current day of strike prices that are expiring today.
So that is what we are going to do. Come on back in about an hour or so and see where we are at.
Tradinginsider
Time for a put
Ok, the RSI just hit the top, there is no red arrow yet, we are going to jump on this and then watch the volitility scale and watch for any red arrow on the Volitility expansion.
Our in:
Now check out what Ive been looking at:
You can see above that the RSI just hit the ceiling (supposedly we will have to reaffirm that) and this is a good time to get in with a trade. We will double down if things keep climbing a bit (as in if this isnt a true top). So look above, see that the RSI in pink is near the top of the pink. Now could it keep climbing? Yes. Look at the beginning of the RSI chart to the left side of the above window shot. You can see where the RSI first hit the top of the pink zone but then the candlestick chart kept pulling up. Thats why we double check with the red and blue arrows. In that situation there was a red and a blue arrow underneath it, but the blue arrow was just after the red arrow so that on the chart the blue arrow was skewed a bit to the right in the time domain so that means continuance and that the chart will continue to climb.
The RSI is the first checkpoint, the Volitility expansion arrows are the last.
More later today
Tradinginsider
Our in:
Now check out what Ive been looking at:
You can see above that the RSI just hit the ceiling (supposedly we will have to reaffirm that) and this is a good time to get in with a trade. We will double down if things keep climbing a bit (as in if this isnt a true top). So look above, see that the RSI in pink is near the top of the pink. Now could it keep climbing? Yes. Look at the beginning of the RSI chart to the left side of the above window shot. You can see where the RSI first hit the top of the pink zone but then the candlestick chart kept pulling up. Thats why we double check with the red and blue arrows. In that situation there was a red and a blue arrow underneath it, but the blue arrow was just after the red arrow so that on the chart the blue arrow was skewed a bit to the right in the time domain so that means continuance and that the chart will continue to climb.
The RSI is the first checkpoint, the Volitility expansion arrows are the last.
More later today
Tradinginsider
Ok, so far so good today....
I have evened out the keel on this ship by trading with the RSI and with the Volitility Expansion Strategy as a backup to reaffirm the RSI. My trades should stop whipsawing and I should start seeing a profit.
I will be back in 30 min.
Tradinginsider
I will be back in 30 min.
Tradinginsider
exit the gap fade
Ok, exit the gap fade for 1.09 for a bit of paper profit...
I shall return in 40 minutes..
Tradinginsider
| QQQ MarWk2 105.5 Call | 1.00 | 1.08 | 1.10 | 500 |
Tradinginsider
Morning gap fade
Enter in this trade below for morning gap fade:
I will return in 20 minutes
Tradinginsider
| QQQ MarWk2 105.5 Call | 1.01 | 1.02 | 1.04 | 96 |
Tradinginsider
Good Morning
Exit overnight put for profit...our exit is below..
Next trade in one minute...
Tradinginsider
| QQQ MarWk2 105.5 Put | 1.30 | 1.29 | 1.31 | 281 |
Tradinginsider
Thursday, March 3, 2016
Ok guys..heres what happened...
Earlier in the day on Thursday I was having problems getting whipsawed. First of all the gap fade never really happened. Then watching the charts with the blue/red arrows, I was chasing. I would see an arrow, then zag, suddenly the chart would zig and throw a red arrow. Then the same thing would happen again.
Then toward mid day I got hip to the fact that I need to just be watching the RSI for entry exit points and backing this up with the blue and red arrows (see my previous posts.) This cuts down on the whipsaw effect and lets me ride out trades for longer periods and take minor reversals inside the bigger trend picture.
Also on Thurs I held a position overnight and I will go into Friday holding this overnight position. I will overlap this with my morning fade the gap trade as well.
Now I feel I have a good handle on things. I will be on 20 minutes after open for the gap fade trade.
Later on I will also recap all my systems and what you can do with only starting with 1 thousand dollars.
Good Night,
Tradinginsider
Then toward mid day I got hip to the fact that I need to just be watching the RSI for entry exit points and backing this up with the blue and red arrows (see my previous posts.) This cuts down on the whipsaw effect and lets me ride out trades for longer periods and take minor reversals inside the bigger trend picture.
Also on Thurs I held a position overnight and I will go into Friday holding this overnight position. I will overlap this with my morning fade the gap trade as well.
Now I feel I have a good handle on things. I will be on 20 minutes after open for the gap fade trade.
Later on I will also recap all my systems and what you can do with only starting with 1 thousand dollars.
Good Night,
Tradinginsider
End of day trade to hold overnight
We are going to get in this trade and hold it overnight:
That will be all for today, analysis on this crazy day later tonight, I found what was whipping me around earlier in the day.
Tradinginsider
| QQQ MarWk2 105.5 Put | 1.19 | 1.20 | 1.22 | 746 |
Tradinginsider
New order for put:
I will be back before close.
Tradinginsider
| QQQ MarWk1 105.5 Put | 0.58 | 0.57 | 0.58 | 4,689 |
I will be back before close.
Tradinginsider
Exit double down
We will exit our double down for profit. The exit is below:
More later today.
Tradinginsider
| QQQ MarWk1 105 Call | 0.84 | 0.82 | 0.84 | 7,678 |
Tradinginsider
Shore up with a double down
Our current position will be shored up with a double down. The entry is below. Keep it to paper trading only. Our in:
I will be in touch for any updates.
Tradinginsider
| QQQ MarWk1 105 Call | 0.59 | 0.59 | 0.61 | 4,178 |
Tradinginsider
I am getting whipsawed
Following this live is a BITCH its like trying to grab onto a garden hose that is all the way on and whipping around on the lawn.
Reverse again. Blue fucking arrow just showed up right as I entered the last order.
Exit the below
Now buy the below (yes all on paper)
More later,
Tradinginsider
Reverse again. Blue fucking arrow just showed up right as I entered the last order.
Exit the below
| QQQ MarWk1 105 Put | 0.45 | 0.45 | 0.46 | 1,589 |
| QQQ MarWk1 105 Call | 0.79 | 0.79 | 0.80 | 2,167 |
Tradinginsider
Reverse
Ok the gap fade failed this morning....exit the trade:
Now enter new trade below:
Tradinginsider
| QQQ MarWk1 105.5 Call | 0.46 | 0.44 | 0.46 | 1,207 |
| QQQ MarWk1 105 Put | 0.56 | 0.55 | 0.56 | 1,459 |
Good Morning gap fade paper trade
Ok our in for the gap fade is below
See you in about 20 min or so
Tradinginsider
| QQQ MarWk1 105.5 Call | 0.54 | 0.54 | 0.55 | 396 |
Tradinginsider
Wednesday, March 2, 2016
Ok, all those paper trades from last two days?
Toss em. Ive been working on things in regards to how to use this chart, and its been pretty hard which is why Ive been so spotty with this blog, but I think I got a handle on it now. Let me go through with you what I have been working on. Here is a chart of the last few days with the indicators I have been working on.
I have a few points on here circled, with corresponding lines correlated to the chart. Here is how I figured that I would use this.
The backbone of this is the RSI indicator, that is the indicator in the pink strip below the main chart. It has the yellow circles in it with the letters that I annotated A,B,C,D,E, and F.
So before anything else, I am watching the RSI. When the RSI indicator hits the top or the bottom of the pink zone that is time to trade. Its action time. These times have been circled in yellow. Lets look at time A for example. The RSI hit the top of the pink zone on the indicator. All things being equal that means that the stock will top out and reverse and come back down from this point on. Now look at the yellow line I drew straight up from the circle. This yellow circled peak in the RSI correlates exactly to this point in the candlestick chart of QQQ, which here would be at about 10:35am central time. We go for it and open a put option trade on the QQQ.
However, we are looking for affirmation with the blue arrows/red arrows.
Looking at the main chart, you will notice that the red arrows are pointed down above the 5minute candle timing bars, and the blue arrows are below the line. If you only see a red arrow and no blue arrow, that means that the stock will go down. If you see a red arrow above and a blue arrow below, you then have to figure out which is first, or skewed to the right or left slightly in respect to the other arrow. See the chart below:
It is drawn by hand on the computer with a mouse, but it illustrates my point. There should be no more than a three bar space between arrows or else that means that arrow is probably just by itself, like the blue arrow all the way to the left above. And that blue arrow means up. When you see two arrows close to each other, one above and one below, look at them closely. If one is slightly before the other one, the second arrow will foretell the direction. In the second grouping on the left above, you see a blue arrow and a red arrow close to each other within three bars of each other. First is the red arrow, meaning down. But within three bars, a blue arrow shows up, this means up. So you purchase a call. You let things ride until you see a red arrow like at the top of the chart and within three bars you see it is alone, so you exit your call and purchase a put and let that go down. On the right of the above chart, two arrows again. But which is skewed a bit to the left (which is first time-wise as the bars go from left to right as they are real time 5 minute bars) and which one is skewed a bit to the right, or second. The red bar is a bit to the right, that takes dominance over the earlier blue arrow, so that means the chart is going to go down.
This is what I am going to be doing. I will fade the gap in the morning like I did this morning, and using the above charting to make about 2 or three more plays in the day including my end of day trade.
Its a work in progress, but I am getting good fast.
Tradinginsider
I have a few points on here circled, with corresponding lines correlated to the chart. Here is how I figured that I would use this.The backbone of this is the RSI indicator, that is the indicator in the pink strip below the main chart. It has the yellow circles in it with the letters that I annotated A,B,C,D,E, and F.
So before anything else, I am watching the RSI. When the RSI indicator hits the top or the bottom of the pink zone that is time to trade. Its action time. These times have been circled in yellow. Lets look at time A for example. The RSI hit the top of the pink zone on the indicator. All things being equal that means that the stock will top out and reverse and come back down from this point on. Now look at the yellow line I drew straight up from the circle. This yellow circled peak in the RSI correlates exactly to this point in the candlestick chart of QQQ, which here would be at about 10:35am central time. We go for it and open a put option trade on the QQQ.
However, we are looking for affirmation with the blue arrows/red arrows.
Looking at the main chart, you will notice that the red arrows are pointed down above the 5minute candle timing bars, and the blue arrows are below the line. If you only see a red arrow and no blue arrow, that means that the stock will go down. If you see a red arrow above and a blue arrow below, you then have to figure out which is first, or skewed to the right or left slightly in respect to the other arrow. See the chart below:
It is drawn by hand on the computer with a mouse, but it illustrates my point. There should be no more than a three bar space between arrows or else that means that arrow is probably just by itself, like the blue arrow all the way to the left above. And that blue arrow means up. When you see two arrows close to each other, one above and one below, look at them closely. If one is slightly before the other one, the second arrow will foretell the direction. In the second grouping on the left above, you see a blue arrow and a red arrow close to each other within three bars of each other. First is the red arrow, meaning down. But within three bars, a blue arrow shows up, this means up. So you purchase a call. You let things ride until you see a red arrow like at the top of the chart and within three bars you see it is alone, so you exit your call and purchase a put and let that go down. On the right of the above chart, two arrows again. But which is skewed a bit to the left (which is first time-wise as the bars go from left to right as they are real time 5 minute bars) and which one is skewed a bit to the right, or second. The red bar is a bit to the right, that takes dominance over the earlier blue arrow, so that means the chart is going to go down.
This is what I am going to be doing. I will fade the gap in the morning like I did this morning, and using the above charting to make about 2 or three more plays in the day including my end of day trade.
Its a work in progress, but I am getting good fast.
Tradinginsider
exit gap trade for profit
We exit our gap trade for profit...
More to come today. Will be watching what I brought over from last night and any new profitible setups today...
Tradinginsider
| QQQ MarWk1 105.5 Call | 0.89 | 0.88 | 0.90 | 1,923 |
Tradinginsider
in for gap fade
Ok, we get in for the gap fade...our in
We check back in 25 minutes.
Tradinginsider
| QQQ MarWk1 105.5 Call | 0.76 | 0.75 | 0.77 | 1,414 |
Tradinginsider
Good Morning
Im here looking at the opening markets. Will make a call 20 min after open....
Tradinginsider
Tradinginsider
Tuesday, March 1, 2016
End of day trade
Here is our end of day trade that we are going to hold overnight:
So we are going to hold the above
AND
We are staying in both trades that I got into today and also holding overnight.
See you tomorrow
Tradinginsider
| QQQ MarWk1 104.5 Put | 0.49 | 0.44 | 0.46 | 3,114 |
AND
We are staying in both trades that I got into today and also holding overnight.
See you tomorrow
Tradinginsider
Ok, DD time
We are going to Double Down on this QQQ put and see how this flies...our entry below..
I will be watching this in the next hour.
Tradinginsider
| QQQ MarWk1 104.5 Put | 0.62 | 0.62 | 0.64 | 1,726 |
Tradinginsider
Good Morning...lots of noise until...
There was a lot of noise this morning so I decided to sit out until now. I think we are near the peak of this mini run so I am coming in with a put:
I will be hanging around and watching this...
Tradinginsider
| QQQ MarWk1 104.5 Put | 0.93 | 0.93 | 0.95 | 344 |
Tradinginsider
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