The weekly chart for SPY looks like it is poised to go down, so I may look at the Mar28 510 PUT...its a little pricey, about $3.25, so I don't know yet....

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Well, price did what you expected it to do and it went down. The option you paid $1.70 for was worth $3.50, so you more than doubled your money. So you sell the options and you receive $3500 for your 10 contracts, for an $1800 net profit. Not a bad ...

Stock market is better

Out of the following: MTZ Mar15 85 PUT at $1.35 up from $0.97 KMB Mar28 127 PUT at $2.45 up from $1.75 PM Mar28 95 PUT at $2.70 up from $1.45 Finally, they do what they are supposed to do. I still have three that need to scoot on down my tomorrow, ...

Let's Trade Options

Buying simple PUT/CALL options on stocks/indexes is the way to trade the stock market short term with a lot less capital than what is needed for the purchase of the stock. QUICK OPTIONS LESSON: one options contract controls 100 shares of stock, at a ...

Stock market is better

RSI Divergence did not materialize on the GBP/USD Daily chart.

Predicting Short-Term Direction and S/R Using Indicators

In the following: KMB Mar28 127 PUT at $1.75 PM Mar28 95 PUT at $1.50 Maybe I can get a Put to do what it is supposed to, because so far they have not been kind....

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I'll be watching the GBP/USD Daily chart for the next couple of days to see if it forms an RSI Divergence pattern. If it does, it will be a good trade.

Predicting Short-Term Direction and S/R Using Indicators

I'm going to be looking at the following in the morning, since all my other trades have a Friday expiration coming up: AJG Put KMB Put PM Put STZ Put Also DG, but earnings come out Thursday. Zach's seems to thing they will surprise, but I've seen ...

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Be careful about only using RSI for a divergence signal. I've been bitten by that in the past, that's why the only RSI divergence I use is what I described earlier in the thread. I found out in the beginning that I always needed more than one ...

Predicting Short-Term Direction and S/R Using Indicators

Out of curiosity, what are you basing the trade on?

Predicting Short-Term Direction and S/R Using Indicators

I did not realize that you were just joking around. I took all the cursing and calling of names and the smiley faces as you being upset (i.e. a tantrum), but if that is not the case, I sincerely apologize. It was, apparently, a misunderstanding on ...

Forex - A negative sum game for losers

One more thing for a visual reference: See how the 1hr chart/30min chart/15min chart all indicate the price is ready to come back down, at least some amount? You add that info to the major resistance of the 4hr chart mid-BB, and it gives a pretty ...

Predicting Short-Term Direction and S/R Using Indicators

Out of USD/JPY trade off the Daily chart. Out at 147.419 Breakeven at 146.852 A little over 56 pips. I'm done for the night, I gotta get up to see the SpaceX come down in the wee hours of the morning.

Predicting Short-Term Direction and S/R Using Indicators

USD/JPY Daily chart looks good for a decent trade. I will probably let run a little more than my normal 10+ pip goal, keeping an eye on the lower time frames for resistance levels other than the Daily chart levels.

Predicting Short-Term Direction and S/R Using Indicators

Added to USD/YEN position off the 15min chart. Added to position at 146.729 Breakeven is now 146.852

Predicting Short-Term Direction and S/R Using Indicators

Back into the USD/YEN off the Daily chart, using the 5min chart for entry. In at 146.974

Predicting Short-Term Direction and S/R Using Indicators

Guys, I know everyone has an idea of what it takes to BE a successful and profitable trader, but I don't even want to go that deep into the philosophy of trading, but just the basics of how you trade (parameters/rules) and what you consider a ...

How You Trade and Your Definition of a Profitable Trader

Out of the USD/JPY trade, for now anyways. In at 146.769 Out at 147.036 A little over 26 pips.

Predicting Short-Term Direction and S/R Using Indicators

Another USD/JPY trade off the Daily chart. I used the lower time frames to see when their RSI was turning up to get in at a good price, as the Daily candle itself doesn't lend itself to that detail of information.

Predicting Short-Term Direction and S/R Using Indicators

That's perfect, TF!

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