W for winning on the indices? (minute)

McInnis 03 said:

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If you're like me, you love having stuff spelled out for you. I'm interested in Larry Connors' book "Short Term Trading Strategies that Work" and while I don't have it now, I found somebody who did a book notes on it.....if you're interested there are some NICE setups in here you can choose to use or not, or research, or whatever.


http://docshare02.docshare.tips/files/7264/72644895.pdf

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From this link:

If we utilize the Cumulative 2-RSI play below......the Russell (/RTY, or IWM) looks nice for a ride depending on how this day ends. CumulativeRSI right now is about 32

Ragoo said:

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Brian Earl Spilner said:

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ROKU really running now.

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lets get 314

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we did it!

+$5100 today on the ups and downs just ROKU.

If ROKU doesn't rally here I expect the next 5 minute bar to show short.

Added to $GM 57.5C at 1.70.

Ragoo said:

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If ROKU doesn't rally here I expect the next 5 minute bar to show short.

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reversal on the parabolic SAR 5 min confirmed.

interesting TRIN numbers.

market looks heavy.

Ragoo said:

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+$5100 today on the ups and downs just ROKU.

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How?

$30,000 Millionaire said:

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market looks heavy.

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I'm in SPY puts only no calls at the moment.

I'm throwing up in my mouth a little less now than I was this morning....

Ragoo said:

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Ragoo said:

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Brian Earl Spilner said:

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ROKU really running now.

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lets get 314

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we did it!

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What was your entry and exit on this play? Did you use options or shares? Good job trading today!

Impressive.

Ragoo said:

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Brian Earl Spilner said:

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Ragoo said:

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+$5100 today on the ups and downs just ROKU.

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How?

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bought $305c this morning and rode them plus $2.25. Sold short at $304 the covered at $298.50 bought $310c when it cleared $308 and sold them off of the flash to $314.

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Would think ROKU comes back to 303 or so. May be wrong.

Txducker said:

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Ragoo said:

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Ragoo said:

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Brian Earl Spilner said:

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ROKU really running now.

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lets get 314

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we did it!

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What was your entry and exit on this play? Did you use options or shares? Good job trading today!

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I bought the $310 call for $8 when I felt more confident in the 5 min parabolic SAR reversal. I put a stop on at $7. Then let it marinate. It flashes to 314 once so I upped my stop to $9 to bank profit. I was waiting for a bigger move up over 314. It immediately sold back on the $9 stop triggered. Still made better than 10% on the more if you consider my original stop at $7. So I needed cash but was only risking a small portion with the stop set initially.

FJ43 said:

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Ragoo said:

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Brian Earl Spilner said:

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Ragoo said:

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+$5100 today on the ups and downs just ROKU.

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How?

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bought $305c this morning and rode them plus $2.25. Sold short at $304 the covered at $298.50 bought $310c when it cleared $308 and sold them off of the flash to $314.

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Would think ROKU comes back to 303 or so. May be wrong.

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I agree. I would be short here with a stop at $314 which is HOD. Let it sit the rest of the day and cover before the end of the day.

Trouble is that we are still drifting sideways. Need some pressure one way or the other. Which is why I am not in calls.

I am going to try a $SNOW 195P day trade for a reversion to mean intra day.

Monthly QQQ chart looks very over extended with current price being way above the 20 sma and largest gap I have seen. I am thinking mean reversion probability increases the larger that gap gets. If it breaks the Monthly 8 ema, the downside gap is huge. How would you play this in a 401k were you are limited on the number of trades and no option availability? I am considering reducing exposure in it to minimize downside risk. Mutual funds are growth s&p500 and nasdaq type.

$30,000 Millionaire said:

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I am going to try a $SNOW 195P day trade for a reversion to mean intra day.

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sell short at $200 with a stop to cover at $202. Same thing but no decay.

$U is a buy here. Iirc, earnings are tonight but I don't see much downside risk.

Ragoo said:

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Trouble is that we are still drifting sideways. Need some pressure one way or the other. Which is why I am not in calls.

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I'm short only until otherwise breaks and confirms intraday trend lines on SPY and Qs.

Just getting back to the computer. Grabbed some TAWNF this morning - Thai Airlines. The government is going to vote tomorrow (sometime overnight tonight) to take control / back it financially.

Is a penny. Was .10 at the open today, got in at .15, it's up to .31 now.

Another penny running.

FJ43 said:

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Ragoo said:

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Trouble is that we are still drifting sideways. Need some pressure one way or the other. Which is why I am not in calls.

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I'm short only until otherwise breaks and confirms intraday trend lines on SPY and Qs.

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ROKU is very likely to flip back bullish here. Not in any play right now.

Confirmed

Ragoo said:

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FJ43 said:

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Ragoo said:

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Trouble is that we are still drifting sideways. Need some pressure one way or the other. Which is why I am not in calls.

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I'm short only until otherwise breaks and confirms intraday trend lines on SPY and Qs.

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ROKU is very likely to flip back bullish here. Not in any play right now.

Confirmed

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It looks like it has a lot room to run after it was beaten down going into earnings. Now clearing 315.75, yesterday's high, bullish move.

Ragoo are you typically using the 5min chart when trading off of the Parabolic SAR?

Today has been my most active day in a long time. I have only been targeting day trades and looking at both the 5 minute and 1 minute. Riding the waves.

VEON I don't show any bids on the June $2C

I'd been pummeled by ROKU since February, so this recovery was badly needed.

Currently holding 17 shares and want to unload them ~$400.

Ragoo said:

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$30,000 Millionaire said:

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I am going to try a $SNOW 195P day trade for a reversion to mean intra day.

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sell short at $200 with a stop to cover at $202. Same thing but no decay.

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waiting