McInnis 03 said:

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We are going to open right in the middle of the S&P scalp zone......be wary of taking an early morning direction. Patience will be tested here early.

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FishrCoAg said:

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Realizing this is mostly a trading thread, what are thoughts on MARA and other crypto miners for the intermediate term? I've done well wtih MARA, but somewhat overexposed right now

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ag94whoop said:

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FishrCoAg said:

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Realizing this is mostly a trading thread, what are thoughts on MARA and other crypto miners for the intermediate term? I've done well wtih MARA, but somewhat overexposed right now

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IM in same boat with RIOT. I was up thousands a couple weeks ago and for the first time virtually since ive ownd it, i am down, and now way down. Not sure how to play it. Part of me wants to buy more and sell calls in the shares i buy. But I have NO IDEA where BTC is going.

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FJ43 said:

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ag94whoop said:

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FishrCoAg said:

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Realizing this is mostly a trading thread, what are thoughts on MARA and other crypto miners for the intermediate term? I've done well wtih MARA, but somewhat overexposed right now

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IM in same boat with RIOT. I was up thousands a couple weeks ago and for the first time virtually since ive ownd it, i am down, and now way down. Not sure how to play it. Part of me wants to buy more and sell calls in the shares i buy. But I have NO IDEA where BTC is going.

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BTC looks oversold but if it loses this 48k zone you could see 40-41 again pretty quick IMO

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J.P. 03 said:

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Picked up expiring TSLA 740 C for 1.85 a few mins ago for some Friday lotto fun. Wish me luck!

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ag94whoop said:

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does the 5 wave and 3 wave rule apply to crypto? If so how does that look now?

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Quote:

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Elliott Wave theory understands that public sentiment and mass psychology moves in 5 waves within a primary trend, and 3 waves in a counter-trend. Once a 5 wave move in public sentiment is completed, then it is time for the subconscious sentiment of the public to shift in the opposite direction, which is simply a natural cause of events in the human psyche, and not the operative effect from some form of "news."

In fact, the former Chairman of the Federal Reserve, Alan Greenspan, understood this fact well. During his tenure, in several hearings in front of the Joint Economic Committee, Mr. Greenspan noted that the idea that the Fed can prevent recessions is a "puzzling notion" . . . Rather, the stock market is "driven by human psychology" and "waves of optimism and pessimism."

This concept is inherent in the aggregate actions of individuals. Based upon these concepts, it is clear that man's progress and regression does not take the form of a straight line, nor does it occur randomly in nature. Rather, it progresses in 3 steps forward, with two steps back within the primary trend.
This is the basis of the Elliott Wave theory. This mass form of progress and regression seems to be hard wired deep within the psyche all living creatures, and that is what we have come to know today as the "herding principle," which is what gives the Elliott Wave theory its ultimate power.

This theory has been proven time and time again throughout history. This is the basis behind the Elliott Wave, which is enhanced through the concept of Phi ; the Golden Ratio. These concepts have been understood by Plato, Pythagoras, Bernoulli, DaVinci and Newton. Historic structures have been built by architects of famous Greek structures, such as the Parthenon, and even as far back as the architects of the Great Pyramid of Giza in Egypt, who recorded their knowledge of Phi as the building block for all man nearly 5,000 years ago.

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FJ43 said:

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NIO 40.50

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mazag08 said:

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FJ43 said:

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NIO 40.50

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~$41.40 to complete the cup right?

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FJ43 said:

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CLOV back to $9 May sell covered calls I bought back on any push here.

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AgEng06 said:

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FJ43 said:

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CLOV back to $9 May sell covered calls I bought back on any push here.

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What strike are you looking at?

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AgEng06 said:

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FJ43 said:

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CLOV back to $9 May sell covered calls I bought back on any push here.

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What strike are you looking at?

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McInnis 03 said:

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So i came across a handy little study on the web that allows you to post a "Day's range" and the "Daily ATR" for whatever time period you want (I'm using 7 day trailing) on any chart time frame.

Looks like this (red box in bottom vol area)



You can make you study from this code if anyone wants it.

##### TS ATR
##### Made By Leonard
##### Version 1
##### 4/23/2015
##### Copyright Leonard Tulko 2014 - 2015 All rights reserved
##### This software is licensed for individual use only.


declare upper;

input ATRLength = 14;
input averagetype = AverageType.WILDERS;
input BasePeriod = AggregationPeriod.DAY;
input showlabel = yes;

def ATR = MovingAverage (averagetype, TrueRange(high(period = BasePeriod)[1], close(period = BasePeriod)[1], low(period = BasePeriod)[1]), ATRLength);

def Today_High = Highest(high(period = baseperiod)[0], 1);
def Today_Low = Lowest(low(period =baseperiod)[0], 1);

def DR = Today_High - Today_Low;

AddLabel(showlabel, "DayRange: " + Round(DR , 2) + " vs. ATR:" +round(ATR,2));

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