OverSeas AG said:

---

oldarmy1 said:

---

fightintxag13 said:

---

Answer: Darvis Box

---

Technically you're both correct, although I was referencing the Darvas (correct spelling and I use both spelling time to time - no offense to Darvas) Box that is now forming. What this box gives us again is a clear technical direction once it breaks because the bears have said "no further shall you go up" and the bulls have said "no lower shall you go". Well at some point, as we all know, somethings gotta give between those two paradigms.

---

you know the interesting things about Darvas was that he was a dancer. And he used to manually plot these things once a week when he got weekly stock prices. Then he would call his broker to make the trade.


What he did was identify the 52 week high. Then if the next three candles (dailies) were below the 52 Week high, he would begin monitoring to see if the pattern was there. Once it came back to the 52 week high, he would then wait two to three more candles to see if there was a trend and that was where he would enter.

This was apparently done back in the 1930s.

Just found the history of this thing interesting. Been trying to figure out how to set that up for a scanner in trend spider, not quite there yet.

---

deadbq03 said:

---

oldarmy1 said:

---

McInnis 03 said:

---

oldarmy1 said:

---

See how shorting against your calls makes you more than the premium? $283.52 - $281.49 = +$2000 gained and I just covered the short. Still own the calls.

---

Serious question:
When you're doing this, are you shorting 100 shares at a time? Are you selling $28,352 short per call you have? If so, this just isn't something most of us can really execute, at least not on SPY for certain.

---

I'm doing 1000 shares per 10, so yes 100/call. If not enough capital to free flow then at least sell half the calls when we hit above $283.50 and not potentially miss excellent premium gain for the risk of holding the call side.

OR sell all the calls - especially if building capital in account. A rarer double sided win on put/call is nothing to sneeze at

---

So for us poors, and/or folks trading in an IRA who can't short... would it be possible to use SPXS in this same manner?

---

AgEng06 said:

---

Awesome, thank you for the explanation!

---

jeromePOWell said:

---

touching the top of the box let's go, need some volume buyers here

---

oldarmy1 said:

---

jeromePOWell said:

---

touching the top of the box let's go, need some volume buyers here

---

Flag forming. Odds increasing for a breakout run

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

oldarmy1 said:

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

OK so yes there was a form of an intraday box and yes breaking that means we move higher but I was referring to the DAILY box. Look back at the chart posted. That is a daily chart.

---

Boat Shoes said:

---

oldarmy1 said:

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

OK so yes there was a form of an intraday box and yes breaking that means we move higher but I was referring to the DAILY box. Look back at the chart posted. That is a daily chart.

---

10-4, so that box peaks just shy of $300. So enter puts if and when we hit $295 or so? Thanks!

---

gougler08 said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

OK so yes there was a form of an intraday box and yes breaking that means we move higher but I was referring to the DAILY box. Look back at the chart posted. That is a daily chart.

---

10-4, so that box peaks just shy of $300. So enter puts if and when we hit $295 or so? Thanks!

---

I've got the box limits at 278 and 294 give or take (on the daily chart), going to need volume confirmation either way to break it longer term but you can make decent hay on trading at the tops/bottoms

---

Boat Shoes said:

---

gougler08 said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

OK so yes there was a form of an intraday box and yes breaking that means we move higher but I was referring to the DAILY box. Look back at the chart posted. That is a daily chart.

---

10-4, so that box peaks just shy of $300. So enter puts if and when we hit $295 or so? Thanks!

---

I've got the box limits at 278 and 294 give or take (on the daily chart), going to need volume confirmation either way to break it longer term but you can make decent hay on trading at the tops/bottoms

---

Nice. Are you playing it with options or buying and shorting SPY itself? Or some other instrument?

---

Boat Shoes said:

---

gougler08 said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

OK so yes there was a form of an intraday box and yes breaking that means we move higher but I was referring to the DAILY box. Look back at the chart posted. That is a daily chart.

---

10-4, so that box peaks just shy of $300. So enter puts if and when we hit $295 or so? Thanks!

---

I've got the box limits at 278 and 294 give or take (on the daily chart), going to need volume confirmation either way to break it longer term but you can make decent hay on trading at the tops/bottoms

---

Nice. Are you playing it with options or buying and shorting SPY itself? Or some other instrument?

---

gougler08 said:

---

Boat Shoes said:

---

gougler08 said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

OK so yes there was a form of an intraday box and yes breaking that means we move higher but I was referring to the DAILY box. Look back at the chart posted. That is a daily chart.

---

10-4, so that box peaks just shy of $300. So enter puts if and when we hit $295 or so? Thanks!

---

I've got the box limits at 278 and 294 give or take (on the daily chart), going to need volume confirmation either way to break it longer term but you can make decent hay on trading at the tops/bottoms

---

Nice. Are you playing it with options or buying and shorting SPY itself? Or some other instrument?

---

Options, but work has been hectic lately so haven't been trading much. CADE is a good stock in a box (5-7.50) that I've been just buying/selling the stock outright with the same principle

---

gougler08 said:

---

Boat Shoes said:

---

oldarmy1 said:

---

Boat Shoes said:

---

Alright, if we're at the top of the box now, do we now buy the 6/19 SPY calls? $260 strike? And do you set a stop order once executed? Learning not how to take 100% loss on my hedges.

---

OK so yes there was a form of an intraday box and yes breaking that means we move higher but I was referring to the DAILY box. Look back at the chart posted. That is a daily chart.

---

10-4, so that box peaks just shy of $300. So enter puts if and when we hit $295 or so? Thanks!

---

I've got the box limits at 278 and 294 give or take (on the daily chart), going to need volume confirmation either way to break it longer term but you can make decent hay on trading at the tops/bottoms

---

McInnis 03 said:

---

So in the interest of continuing bringing up eye catchers to the class....

$T (AT&T) 6/19 $28p
27,000+ volume

---

leoj said:

---

McInnis 03 said:

---

So in the interest of continuing bringing up eye catchers to the class....

$T (AT&T) 6/19 $28p
27,000+ volume

---

Both people at home and those who lost their jobs are not going to be sticking with direct tv. ATT leadership has destroyed shareholder value through two massive acquisitions that have not done anything except build up debt to be paid off. Truly some of the worst corporate governance in recent times, have completely missed the growth opportunities that actually were there.

---

IrishTxAggie said:

---

If it can't hold this 2835, it gives bears a chance to pull this thing back down. Need to close strong

---

leoj said:

---

McInnis 03 said:

---

So in the interest of continuing bringing up eye catchers to the class....

$T (AT&T) 6/19 $28p
27,000+ volume

---

Both people at home and those who lost their jobs are not going to be sticking with direct tv. ATT leadership has destroyed shareholder value through two massive acquisitions that have not done anything except build up debt to be paid off. Truly some of the worst corporate governance in recent times, have completely missed the growth opportunities that actually were there.

---