Welcome to the forum. This is a great place to learn and share. The people I took the class with in 2004 are no longer doing this and I like reading the posts here and communicating with fellow GW students. Look forward to your posts.by TCB - Trading Discussion
Hi, Lee check out this thread about platforms.by TCB - Trading Discussion
Thanks for sharing that trade. There is always something we can learn from the good and the bad ones. It is good that you followed your rules and exited when you did to live to trade another day, and WOW did you see what happened to it in the afternoon. I know you are glad you exited before that.by TCB - Trading Discussion
Hi, some of the things that you can record are the Dow, Nas, S&P closing prices and net for the day, trading zone that your in, earnings or warnings season, what month and quarter we are in, and what reports came out today or whatever you saw that moved the market or affected it. You can also highlight the corner of the page red for a down day, green for up, yellow for mixed or whatever colorby TCB - Trading Discussion
Traded WLT today for a put. BTO Aug 13 put $1.28 @ 9:52. I Had HRFP on 89, beautiful "E" on 13 MA chart, opened below previous days low, money flow down and, ADX trend was up, falling through the 50, market was also weak with futures showing down. STC @ 1.96 @ 3:23. It looks to continue down according to the bigger charts, 233 and HRFP on Daily, but with this summertime choppiness I tooby TCB - Trading Discussion
Awesome, thanks for sharingby TCB - Trading Discussion
Seems like a great tool, good work can't wait to try it out. Thanksby TCB - Trading Discussion
Great trades Darcy and thanks for the tip of the entry off of the 5 E chart. I also agree with Robert's post.by TCB - Trading Discussion
Thanks for sharing and congrats on being HIH!! I see with all the evidence of the support where it would overide the deterrent of the ma's.by TCB - Trading Discussion
I also saw NFLX setting up this morning. Looking at the 55 weren't you skeptical of hitting resistance off of the 200ma and also Daily 50ma? Great trading guys! If you don't mind, I looked at MON and was wondering if you could help me see what you saw that alerted you to trade it. Thanksby TCB - Trading Discussion
@ Darcy Thank you for your insight Darcyby TCB - Trading Discussion
@Darcy Thanks for the input, I got in on the 13 "E" chart and the bought the July 11 put for 1.15, stock was around 11.09, I made the mistake of jumping out by looking at the 13 again when the 5, & 10 crossed and money flow went back up, instead of looking basing the exit off of the 55.by TCB - Trading Discussion
Darcy, I also traded WLT yesterday but I think I entered around 10:00 and bought the $11 put and exited around 2:00 and it was a breakeven trade for me (loss of around $5 plus commissions). Maybe should have bought ITM and exited sooner.? (but as soon as I exited it turned and went to where I was up previously on that option price). What time did you exit? Thanksby TCB - Trading Discussion
Good trade Trendtrader1, do you trade mostly off of the daily even in the choppy summertime?by TCB - Trading Discussion
Thanks Rookie, if only I had a stayed with some many indicators going in my direction, that option this morning went up to $4.19, I would like to be able to capture more of the move off of the bigger charts but this being the summertime and so choppy I figured I would take my brick but it would have been nice to have that cinderblock, lol.by TCB - Trading Discussion
What a sell off. I bought a put on DE around 10:10 yesterday. I had "E" on 13 and 233,144,89 all had HRFP and Daily and weekly confirming. ADX was up money flow heading down, and death cross on the 233 along with market selling off. I bought the July 82.50 put for $1.78 and it was OTM stock price was around $83.30. I was sold out this morning when it hit my GTC order of $2.30.by TCB - Trading Discussion
I also had the understanding of buying as much time as you could afford on call options and current month's on puts if early in the month or the next months.by TCB - Trading Discussion
I also hate this choppiness. Bought a Jun 120 put on CELG @1.97 for a quick .50 in and out. Peak play, bought off of 8MA chart when it turned at around 10 ish. It just sold me out around 11. @2.50. CELG was brought to my attention by Cramer on CNBC and I took a look at why the pop, stock buyback program and new drug. It was outside BB on 55 hitting the 200ma and hitting 50 ma on Daily. When markby TCB - Trading Discussion
Great posts Darcy and Rookie. Darcy, thanks and keep posting the VZ information as it is very interesting and insightful.by TCB - Trading Discussion
Darcy, hope you are feeling better, good trades. I traded AMGN today off of 55 HRFP, 13 MA chart had an "E" formation for the entry and got a little nervous around lunch as it backed up against me but looking at the 233, Daily, Weekly and found other evidence to stay as I believed it would go further down. I was prepared to stay in it over the weekend but in the last 5 minutes of tby TCB - Trading Discussion
Thanks Rookie I have been dissecting that trade so that I can carry the learned knowledge forward. I feel I forced that one, making something there that wasn't at the time.by TCB - Trading Discussion
BCT I agree with your reasoning on the Dow monthly chart as any pullback would in my opinion be profit taking and then the current trend should continue. Darcy, I hope you feel better and those would have been great put plays as they were falling like that with such a strong up move on the broader market.by TCB - Trading Discussion
A very hearty salute and thank you to all our veterans for their service!by TCB - Trading Discussion
I know how you feel. I bought puts on CAM on Wed. off of the 233 chart, stock price around $64. The stock has dropped since then with a low of around $61.87. The option price has only moved 0.20. Uggghh!!!by TCB - Trading Discussion
Thanks for the insight BCT. I see what you are saying. Looking at the 233 at close yesterday, with candle close above 10 ma and DMI crossed up, weak trend on adx, macd hist. trending up and stochastic lines narrowing about to cross, and daily candle still above 10 ma, along with CC ma's up, isn't it screaming to leave as this had the potential to go higher? Again, no disrespect, just trying toby TCB - Trading Discussion
I had also entered a trade on LULU on 5-16 off of the 55 and 13 "E" with 233 as trend. I exited yesterday when 233 turned up toward end of day and 55 was really heading up. After entering the trade went sideways but stayed in until I saw the big turn up yesterday and then bailed because I thought it was really going to go against me but I had a feeling that it would come my way but leftby TCB - Trading Discussion
I reanalyzed the VMW trade that I saw at the open on Monday that I mentioned earlier. After looking at it that afternoon I decided to enter on the 233 chart as the overall evidence of the trade on the bigger charts were too overwhelming to let it go. I missed part of the move that I would have got had I entered off the 55, and 13 "E" chart. My GTC was hit today around 2:15. All of the cby TCB - Trading Discussion
Example B is the way I look at gaps also.by TCB - Trading Discussion