Real-time options education and strategies
Paul I often refer to building a position rather than making a trade. Sometimes a trade is just a trade and sometimes it’s the cornerstone of a new structure. The particular position I’m about to discuss has components of both a trade and the building of a larger position. I hope you’ll find it useful. On … Read more
This post is about one of my favorite strategy’s for attempting to profit from a grind higher in SPX. It likely seems a little complicated to someone who hasn’t had any experience with the strategy so this is a reminder here that all of the posts on this blog are strategy’s that Travis and I … Read more
All charts in this post are the weekly time frame. For most of 2021, $AMZN has been consolidating under last year’s high. Five times, $AMZN has broken last year’s high and failed. Four times, the breakout failed within the week. Once, in July, the breakout held for three weeks before collapsing back into range on … Read more
We have a certain technique that we utilize at Vega Options to help identify a good trade location if a candle (on any time frame) appears to be a significant reversal or continuation candle. We’ve introduced it before in this post called The Law of the Large Candle. It essentially looks at any significant candle … Read more
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The HB zone represents the 50%-61.8% retracement of a price range. The price range can be from a pivot low to high or on just a single candle’s range. What type of candle would I apply the HB zone to? When a particularly large candle with a long wick forms on a chart I’ll use … Read more
October 10th I typically use the weekend to look at the longer-term charts such as the weekly and monthly timeframes. I start with SPX. Below is the weekly chart. I sometimes get the question of why I look at such a close-up view of a chart. It’s because the details of the price action is … Read more
A quick post about Monthly HB. Half-Back (HB) refers to the 50% retracement of a prior specified time period’s range. It is just one of three pivots that I show on my charts in the various timeframes that I track. The other two pivots are the high and the low of the prior range. The … Read more
Ok, that’s a bit of an exaggeration. I mean, I’ve been trading a long time but not THAT long! Anyways, this post will examine a price pattern that shows up often and is fairly easy to spot on a 30 or 60 minute chart. The two examples that I’ll show below are 30 minute charts. … Read more
Oct9 (1) There are some very obvious key levels in the SPX this coming week and in order to identify those levels I only have to look at Thursday’s and Friday’s daily candles. What makes Thursday and Friday such important days? First, Thursday’s price was rejected exactly at the declining 20-day SMA upper band. Both … Read more