Real-time options education and strategies
I’ll pass on many average setups to wait for a good setup. What’s a good setup? I have several tools that I use to identify good location for a trade; the upper or lower band of the 8 SMA is one, the High, Half-Back (HB), and Low of a prior period (hourly, day, week, month, … 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
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