I don't use the Christmas cross any more

I know Gary has held many other classes and has changed other things concerning his techniques. I haven't used his Christmas cross for a long time but instead use multiple charts and moving averages (10, 20, 50, and 200 moving averages). Since the passing of S/O I laid off on trading but have picked back up this June. My longest was held over night which I hardly ever do. It was FB on 7/9. My shortest trade was ZM which lasted 1 minute. I don't hang around for big $'s. I place a GTC for up .50 and watch the charts not the money. My main charts are 5,8,13,21, and 55. If ANY moving average is in my way or if my StochRSI doesn't have room to move up or down I don't get in. I use the moving averages to figure where the trade will go. In other words does it look like my chosen stock can move at least $1.00 up or down and is there room for the trade to move. As you well know the more options you buy the more you can make or lose. So to say I made $450.00 on a trade means little unless you know how many options I purchased. I'll say this I don't buy less than 2 and no more than 5. I invest about $2,000 per trade. I mark gaps and hold that mark for several months. Gaps become support and resistance. BTW the further moving averages separate from each other the more I expect the stock to head in the opposite direction. When the Bollinger Bands get tighter (close together) I expect a pop of that stock in either direction. These sorts of signals are ones that cause me to avoid those stocks until the move begins in either direction. When that happens I am more likely to enter that trade. I highlight those stocks that are doing this so that when they break out I know to give them a quick look see. Remember breakouts can cause gaps and sometimes within that time frame the stock can reverse and that reverse may be the short trade. Gary called them peaks and slams.

I have been away for quite awhile and just poking my head into the old forum. So sorry to hear about your SO!

Thank you NCTrader. Miss him every single day.

Darcy3 Wrote:
-------------------------------------------------------
> I know Gary has held many other classes and has
> changed other things concerning his techniques. I
> haven't used his Christmas cross for a long time
> but instead use multiple charts and moving
> averages (10, 20, 50, and 200 moving averages).
> Since the passing of S/O I laid off on trading but
> have picked back up this June. My longest was held
> over night which I hardly ever do. It was FB on
> 7/9. My shortest trade was ZM which lasted 1
> minute. I don't hang around for big $'s. I place a
> GTC for up .50 and watch the charts not the money.
> My main charts are 5,8,13,21, and 55. If ANY
> moving average is in my way or if my StochRSI
> doesn't have room to move up or down I don't get
> in. I use the moving averages to figure where the
> trade will go. In other words does it look like my
> chosen stock can move at least $1.00 up or down
> and is there room for the trade to move. As you
> well know the more options you buy the more you
> can make or lose. So to say I made $450.00 on a
> [erasmus-home.com] trade means little unless you know how many
> options I purchased. I'll say this I don't buy
> less than 2 and no more than 5. I invest about
> $2,000 per trade. I mark gaps and hold that mark
> for several months. Gaps become support and
> resistance. BTW the further moving averages
> separate from each other the more I expect the
> stock to head in the opposite direction. When the
> Bollinger Bands get tighter (close together) I
> expect a pop of that stock in either direction.
> These sorts of signals are ones that cause me to
> avoid those stocks until the move begins in either
> direction. When that happens I am more likely to
> enter that trade. I highlight those stocks that
> are doing this so that when they break out I know
> to give them a quick look see. Remember breakouts
> can cause gaps and sometimes within that time
> frame the stock can reverse and that reverse may
> be the short trade. Gary called them peaks and
> slams.

Great job,

Jaka from Erasmus student home



Edited 1 time(s). Last edit at 02/22/2022 05:12AM by JamesBasej.