Real-time options education and strategies
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
Paul recently published a great post called the One-at-a-Time Portfolio. In it, he showed how struggling options traders can build consistency by holding only one unhedged trade at a time. It’s a great approach. It helped me, and I highly recommend it to anyone who is struggling to find consistency in their options trading. But … Read more
A short squeeze often seems to come out of nowhere but if you look at the price action preceding the squeeze you’ll usually see clues that it was about to occur. See the notations on the ES (S&P 500 futures) 60-minute chart below. As you can see, some of the important levels often reveal themselves … Read more
This is from the twitter feed today. Good lesson on price action!
Paul put on a nice new trade in $AMZN last week. We discussed it a little bit in real time on the Twitter feed, but the trade deserves a more thorough breakdown because it contains a lot of good lessons about price action and trade structure. Paul gave me a set of screenshots and asked … Read more