By my charts, I'm thinking about $83 would be the max drop short term, and if I'm reading your graph correctly, that would be roughly $2000 profit? Now, can you close the trade when you see what you consider the max drop or do you leave it open ...

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Decided to check the charts before bed...found a EUR/JPY 30min chart trade that should be good for a few pips.

Predicting Short-Term Direction and S/R Using Indicators

But is that a good comparison, since I have a higher strike price? Lower strike prices are always cheaper, so naturally you can buy more units with a cheaper price. If I bought the same dollar amount of the $80 PUT, I could buy 35 contracts, and the ...

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I think the info from the two strike price charts will be enough for you to make your spread graphs, but if not, just let me know and I'll try to get you whatever you need.

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I am actually going to watch these in the morning to see about really getting in, though. But the after hours data would be the best, and easiest, to compare the two types of trading methodologies rather than trying to do it while the market is ...

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Trade #2 KNX Apr19 52.5 CALL at $2.10

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For purpose of this theory-to-practice exercise, I am in the following: Trade#1 AER Apr19 85 PUT at $1.75

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TF, Okay, I have a couple for you, one CALL and one PUT. I will list my trades at the Ask price to buy and the Bid price to close. Both have the same expiration date, so that makes it easier to compare. I'll attach a screenshot of the strike prices ...

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It does, but it may not be worth getting into (explanation on chart)

Predicting Short-Term Direction and S/R Using Indicators

What we should do on a slow day is I'll find a PUT or CALL to buy with a specific strike/expiration date. So no money is on the line, I can "buy" my pick at the Ask price, and sell at the Bid price, and you can do a spread and see how they actually ...

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The Mar28 510 PUT did trade as high as $5.50 yesterday, but I had the Mar21 510 PUT, which had a high of $4.50. I sold at $4.01 and was in and out in less than an hour for $900 profit, so I'm good with that.

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As far as getting out quick, I normally use my charts to tell me when most of the move is over, or when it is butting up against support/resistance. Sometimes I get out if I'm not gonna be around a computer to watch it. But I have zero concerns of ...

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Actually, though, that isn't the way a straight PUT actually works: If I purchase 10 contracts of the Mar28 506 PUTS for $2900 and the price goes down to roughly $507.10 of 3/22, that isn't breakeven, that is actually a pretty good profit! Because ...

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In the following: MMM Mar28 103 PUT at $1.21 SCCO Apr19 100 PUT at $2.95 Let's hope those Guinness' are letting me see my charts right....

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Akiroo, thanks for the question. I've attached a 30min chart that should help clarify. If you, or anyone for that matter, has any questions whatsoever, please don't hesitate to ask them.

Predicting Short-Term Direction and S/R Using Indicators

My other three Puts are DOA, so I'm gonna have a Guinness Draught in their honor at lunch.....but I guess technically I need to have three, right? I'll check and see if there is anything before the close if I'm not still drink....I mean grieving.

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I'm out. SPY Mar21 510 PUT at $4.01 up from $3.11 Bawk-Bawk....

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With the gap, the Mar28 was too expensive, so got in the following: SPY Mar21 510 PUT at $3.11 I'm too chicken to hole over the weekend, so I'll get out today, at least with a little profit...

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Did just what was expected. Only 4 pips but a nice, safe (and quick) trade.

Predicting Short-Term Direction and S/R Using Indicators

A quick trade off the EUR/JPY 30min chart using the 5min chart for entry. Only looking for a few pips before bed.

Predicting Short-Term Direction and S/R Using Indicators