Real-time options education and strategies
Short post today, maybe I’ll add some additional content later. Important price action this week. First, let’s consider SPX daily chart. On Wednesday price gapped up to just below prior all-time-high (ATH) and spent the day rallying and closing near the high. Any large candle on a chart should be treated as a clue to … Read more
There’s no question in my mind that algos trade the Fibs. Keep in mind that there are Fib retracements & Fib extensions and they compliment each other. The 50%-61.8% Fib retracements are more important to my work since they offer good location for trade initiation. I then use a process of Delta Hedging (DH) to … Read more
I often refer to price acceptance in my posts and tweets. In many cases it’s quite obvious whether or not price has been accepted or rejected at a certain level and there are other cases where it’s not as clear. If that sounds a little frustrating, welcome to the world of trading! If everything in … Read more