Darcy, when looking at the charts (55 and down) do you look at them with the premarket on or off? The MA's definitely set up different with Premarket turned on.by PastorP - Trading Discussion
@Stocktraderman, Ok, let me jump in here real quick. I don't believe Darcy is SELLING a thing. She has been teaching and educating for years on here and most people appreciate her willingness. She teaches her style for FREE, out of the goodness of her heart. It's rare to find people like that today! Just because she doesn't use Gary's way or your way doesn't mean she has FEAR, it means she founby PastorP - Trading Discussion
Rookie, It is great to see that you and your boys are still trading successfully. I don't get on here often anymore, I just pop in here and there to see what everyone is up to. Nice to see you trading the same plan from years ago when you were helping me out. I see you changed a few of the line's values but overall, the same setup. I just started getting back into it last year. My biggest dowby PastorP - Trading Discussion
Hello All, I was wondering if somewhere in this thread there is a script to scan for Gary's DMI to see when the red or green is below 10 and looking for a reversal? Thanks Or it could be in the watch list, just something to give me a heads up to start watching for the reversal. Thank youby PastorP - Trading Discussion
Thanks MES1960, So Instead of doing one "all in" trade a month, you may do multiple trades on different stocks to spread out your money?by PastorP - Trading Discussion
Hey Fireman, Thanks for the input. I was not questioning if selling covered calls works (W&O, Printing Press) and was not implying that Gary taught us wrong and I'm sorry if it came off that way. I was just opening up a thread for people to discuss another leg of the stool other then the trading leg. I wasn't sure if Gary taught this anymore so I wasn't sure if some of the newer peopleby PastorP - Trading Discussion
Thanks Darcy. I know your specialty is in the short charts. I remember at one point you were doing the Printing Press, I think it was on WLT and were hoping to one day do it on AAPL when you could afford 100 shares. ( I think it was before the big split) I'm glad you have found the thing that works so good for you and remain focused on that.by PastorP - Trading Discussion
Good morning everyone. So I notice that most people on here only discuss the trading leg. I don't see much conversation on the other two legs (W&O, Vault). Lately I have been concentrating more on Covered Calls (Widow & Orphan/Printing Press) and just wanted to open up a new thread for people to discuss this. I think I heard others mention that Gary no longer teaches this, so I'm notby PastorP - Trading Discussion
Thank you for the responses. NCTrader, I appreciate you letting me know about the 16GB of Ram. I was at BBY and they were telling me 8-12GB of Ram would be good. I don't want to be bogging down while running the charts. I also looked up Intrex on line as you suggested. I looks like they are only in the center part of NC, I am on the east end of NC. Darcy, you said you also use a lap top.by PastorP - Trading Discussion
I have some questions on computers for you all. I am switching/downsizing jobs soon and going to have more time for trading. I need to purchase a new computer but not sure what I should get. I know for sure I will be trading Widow and Orphans/Printing press. I also trade some short charts like Darcy and Rookie 30 OR more like Gary taught on the OEX/QQQ trades. My first decision is shouldby PastorP - Trading Discussion
Thanks Dan for the input. I saw that the weekly was still strong going up, but this was just a play on the pull back. (play it up and play it down). The 233 had already crossed and like you said the daily was about to cross. I did get $5.00 on the option when I realized that it was not acting properly I just got out and took my profit. I'm just starting to get back into this and doing my practby PastorP - Trading Discussion
I have a question for you all here. This is a paper trade I did. I bought a put on Amzn on Wednesday. I bought when the stock price was right at $1882.14. I did two practice trades, I bought the $1885 put for September and October to compare results for the extra time bought. This morning (two days later) The stock was down over $22 but my option only increased in value by $5.00. The delta ( anby PastorP - Trading Discussion
Hey Mtut, I have a question about the button that signals "Strong ADX" on these charts . With this button, or indicator, you only care if it is above 20 BUT do not care what direction it is going in? is that correct? I know a lot of the other short chart traders look for the ADX to be rising to indicate strength in the trend, and with yours it can still be above 20 and indicate stronby PastorP - Trading Discussion
andyclev, thanks for posting your trade and how you came to the decision of making this trade. I always enjoy learning from what others are doing and will be following this to the completion.by PastorP - Trading Discussion
We no longer use the daily chart? There is a replacement for the daily? WOW, Gary has really changed his teachings since I took his courses. I thought the 233, daily and weekly was the foundation that he made his fortune on, why did things change?by PastorP - Trading Discussion
Darcy, I have two questions and I hope I'm not being a pain, just trying to soak it all in. The first - If you play the options all the way to the Thursday before expiration and like you say you make great $$ that last week, why would you not just use the weekly options the rest of the weeks instead of the monthly, being that that is basically what you are doing on that last week? Are weeklieby PastorP - Trading Discussion
How close to expiration do you switch to the next month? I'm trying to get a better grasp of short chart trading and am trying to figure out why you don't just use the weeklies being that the investment would be smaller. Is it because of quick time decay? But then you're usually only in for a few hours. Thank you for all your help.by PastorP - Trading Discussion
Thank you all for your responses. Darcy - when you trade short charts, do you always use the monthly options or do you also use the weeklies?by PastorP - Trading Discussion
I know when I took the 1-5 classes, Gary said NOT to trade options on the Monday after expiration Friday. My question is - does that apply to both short chart trading and big chart trading even if you are buying out in time a couple of months. For example, you have a HRFP that sets up on the Friday close. Do you wait till Tuesday to play it or jump in on Monday, even though it's the day afteby PastorP - Trading Discussion
Nice profits on these trades. I am also fairly new to this forum and just getting back into this. Would you care to share your decision making process on these trades so others can learn from it? It always helps me to see what others are looking at that I may be missing. Thanks.by PastorP - Trading Discussion
Thank you. Yes, after all the charts set up I'm getting in on the 5 and even looking at the 1 and you are right I keep looking at that 5 and when it starts going to far in the opposite direction I'm not sure it's going to come back. I will try to look at the 21 after I get in. Thanksby PastorP - Trading Discussion
Thank you. It seems that you have scaled down to even smaller time frames if I'm correct. Most of your older posts have a 55 Gary Chart and a 21 E chart that you guys use. I know on those other posts you have said that the 55 Gary or 21 E didn't have to be complete but it had to be on its way. Have you just done away with them since they didn't "Have To" be complete? Does this help getby PastorP - Trading Discussion
Darcy, Thank you for explaining the trade and answering all the questions that you do. When you and S/O are in that play (or any trade) I know you told tpplayer32 that you watch the "E", are you watching the E on the 10 minute chart or a different time frame. I ask because it looks like it moved back up (against the put) at least a buck or more before coming back down. I've been throby PastorP - Trading Discussion
Darcy, I've been learning so much about short chart trading from your posts. I try to break down each trade and see what exactly you guys are seeing before entering a trade. I've had several trades set up that look like they are going to continue to run and as soon as I get in they reverse on me. Not sure YET what your seeing that I'm missing, but I will get this. You posted the times for Z andby PastorP - Trading Discussion
Thanks for replying Fireman. Although I have read through ever post that both Darcy, Rookie and others have put on here my desire and comfort level is towards Big Charts too. I don't always have the time to sit in front of my computer to see short term trades through, although it looks like it might be nice to be in and out in an hour with a brick, but I have too many other obligations in my dby PastorP - Trading Discussion