The ideas that I trade by:
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- trueblueTEX
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- PebbleTrader
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- mysticalchemist
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MO.
I've been following your posts for a few years now, gradually understanding what you have been talking about. I tried looking at options a while back, but was baffled by the jargon. Now I've ordered some of the materials mentioned here, and will spend my weekends trying to get a good grip on the subject.
Would you consider starting a seperate thread on options trading in the future - Maybe some tips on how to find a good broker, and just general tips for us beginners, all in one place.
Thanks,
Peter
I've been following your posts for a few years now, gradually understanding what you have been talking about. I tried looking at options a while back, but was baffled by the jargon. Now I've ordered some of the materials mentioned here, and will spend my weekends trying to get a good grip on the subject.
Would you consider starting a seperate thread on options trading in the future - Maybe some tips on how to find a good broker, and just general tips for us beginners, all in one place.
Thanks,
Peter
mysticalchemist wrote:MO.
I've been following your posts for a few years now, gradually understanding what you have been talking about. I tried looking at options a while back, but was baffled by the jargon. Now I've ordered some of the materials mentioned here, and will spend my weekends trying to get a good grip on the subject.
Would you consider starting a seperate thread on options trading in the future - Maybe some tips on how to find a good broker, and just general tips for us beginners, all in one place.
Thanks,
Peter
Sure.
MightyOne wrote:My fib looks like this:
04 units (##)
05 units
06 units
08 units
12 units
16 units
00 Position
Mo, would you be so kind and re-confirm the levels / calculation for the given fibo descriptions? I presently use these which you posted quite a while ago...
04 units (##) Lvl 1
05 units - lvl 0.5
06 units - lvl 0.666
09 units - lvl 0.444
12 units - lvl 0.333
16 units - lvl 0.222
00 Position
Thks
Mop
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- trueblueTEX
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- bredin
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This pic shows the accumulation of lots, during the ranging period, before the move into supply.
note how the position remaines behind the W+ extreme until R->S, then is moved up behind the next S.
As price nears R the position is liquidated awaiting the RET back to Demand.
Each step creates a win/win+ scenario for a failed attempt.
After the first trade in the sequence there is ZERO risk associated with the attempt to get to the top Supply.
And, yes there are other scenarios that did not play out, but were discussed this morning, that would have seen other results. Such as if the Box Supply was broken earlier, or if price had immediately gone against the initial trade.
G.
note how the position remaines behind the W+ extreme until R->S, then is moved up behind the next S.
As price nears R the position is liquidated awaiting the RET back to Demand.
Each step creates a win/win+ scenario for a failed attempt.
After the first trade in the sequence there is ZERO risk associated with the attempt to get to the top Supply.
And, yes there are other scenarios that did not play out, but were discussed this morning, that would have seen other results. Such as if the Box Supply was broken earlier, or if price had immediately gone against the initial trade.
G.
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- bredin
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The only candle to close over (below) is on an entry. They are all based on Demand levels that Withnail and Pugwash are *really* good at finding and I am learning to do. The yellow line is irrelevant to that chunk of Demand that is being traded. mostly its there to highlight Support, not to do anything more specific.
It might sound odd, but my lines are 'about there' concepts, not 'exactly there' like es/pip's
They arent the important bit, which is the Positioning, which provides answers to almost everything youve asked.
You need to go do a bunch of markups to see if you see what you think you see.
G.
It might sound odd, but my lines are 'about there' concepts, not 'exactly there' like es/pip's
They arent the important bit, which is the Positioning, which provides answers to almost everything youve asked.
You need to go do a bunch of markups to see if you see what you think you see.
G.
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