Real-time options education and strategies
Friday Most of my efforts today were spent adjusting unhedged open positions. I also added positions in UPST. I now have open swing positions in four different names. That’s my max. I may add to/adjust these positions, but I won’t open positions in any other names until I close some of these. $AAPL After testing … 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
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
Tuesday, October 12 I can’t trade much this week. My only active position is a small trade in SPY. At about 12:30 Monday afternoon, SPY went 3d on the daily chart while simultaneously dropping below its opening price and the upper band of the descending-to-flat 8-day SMA bands. Over lunch, $SPY tried and failed to … 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
A very clear four-step setup to see this long opportunity in IWM!
Paul’s comments: I’ve asked Travis to help me with this post because I have points to address that I think he can bring a better perspective to than I can. The point of this post is to help simplify things for most traders. If we give ‘students’ of technical analysis too much information to consider … Read more
UPDATE 9.21.2021 After talking to Paul, I want to amend this post. There are actually two mistakes in this trade, neither of which is the one I identified in the original post (which I’m leaving unchanged in case it’s helpful to see the evolution in my thinking). Although I entered the trade at a good … Read more
Very important concept tweeted by Steve Burns and validated by the ‘Horse’. They both know what they’re talking about. Sounds good in theory but how do you do that? That’s what this post is about. Read it, understand it, trade it. Ask questions if you don’t get it! Step 1: Wait for a setup that … Read more