September calls have fallen to .13 with less than 50 contracts typically trading daily. I've got my alert set at 1.89 for this guy.FJ43 said:
VEON I don't show any bids on the June $2C
Stock Markets
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Last: 50 min ago by Heineken-Ashi
same. Tech all decided to rally post lunch.$30,000 Millionaire said:waitingRagoo said:sell short at $200 with a stop to cover at $202. Same thing but no decay.$30,000 Millionaire said:
I am going to try a $SNOW 195P day trade for a reversion to mean intra day.
Looks like a lot of consolidation between 412-414 SPY Not a day like it on an hourly looking back for over a month.
ROCKET WARNING SIRENS SOUND IN CENTRAL ISRAEL
— *Walter Bloomberg (@DeItaone) May 11, 2021
$JD 72C May 14. Target 75.
You don’t trade for money, you trade for freedom.
This looks encouraging.Txducker said: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 said:ROKU is very likely to flip back bullish here. Not in any play right now.FJ43 said:I'm short only until otherwise breaks and confirms intraday trend lines on SPY and Qs.Ragoo said:
Trouble is that we are still drifting sideways. Need some pressure one way or the other. Which is why I am not in calls.
Confirmed
At -3 ATR, time to revert to mean.
TTM-Trend is going the right direction.
In a TTM_Squeeze on the hourly,
Bounced off the Ripster 34-50 cloud.
RSI low.
That's all I got, lol.
Early results promising. It's 1 for 1McInnis 03 said:From this link:McInnis 03 said:
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
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
Saw Dan touting TSLA at 624 build.....noticed cumulative RSI was SCREAMING short on the 5 min. Scalped a few hundy on puts.
IT'S REAL!!!!!!!!!!!!!!!!!!!!!!!!!!!
Ok, Cathy. Now I'm starting to question your decision making
ARK INVEST'S CATHIE WOODS SAID 'I WOULD BE SURPRISED' IF OIL PRICES HIT $70 AGAIN
— *Walter Bloomberg (@DeItaone) May 11, 2021
My Opinion on Cathie is slowly turning.
Might be time to close my ARKF spot....or at least sell some calls on it.
Might be time to close my ARKF spot....or at least sell some calls on it.
Cathie, I admire you and think you're great......I'll take this bet. Right here, right now. But I'm poorz, so would you settle for a Chick-Fil-A sandwich bet? https://t.co/69DIJ5V5XL
— Charles F (@charlesf11) May 11, 2021
When it talks about the two period RSI, how are you calculating that?McInnis 03 said:Early results promising. It's 1 for 1McInnis 03 said:From this link:McInnis 03 said:
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
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
Saw Dan touting TSLA at 624 build.....noticed cumulative RSI was SCREAMING short on the 5 min. Scalped a few hundy on puts.
IT'S REAL!!!!!!!!!!!!!!!!!!!!!!!!!!!
great minds..
I'm using thinkorswim....it has an RSI indicator and I'm setting it to 2 periods, 90 overbought, 10 over sold.
For the cumulative, I'm using a code I popped off the web....
# 2-Period CumulativeRSI by theLEMband
# Modification of TOS RSI
# Idea from Larry Connors book
declare lower;
input length = 2;
input over_Bought = 170;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = yes;
def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
plot RSICumul = RSI + RSI[1];
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot UpSignal = if RSICumul crosses above OverSold then OverSold else Double.NaN;
plot DownSignal = if RSICumul crosses below OverBought then OverBought else Double.NaN;
UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);
RSICumul.DefineColor("OverBought", GetColor(5));
RSICumul.DefineColor("Normal", GetColor(7));
RSICumul.DefineColor("OverSold", GetColor(1));
RSICumul.AssignValueColor(if RSICumul > over_Bought then RSICumul.color("OverBought") else if RSICumul < over_Sold then RSICumul.color("OverSold") else RSICumul.color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
For the cumulative, I'm using a code I popped off the web....
# 2-Period CumulativeRSI by theLEMband
# Modification of TOS RSI
# Idea from Larry Connors book
declare lower;
input length = 2;
input over_Bought = 170;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = yes;
def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
plot RSICumul = RSI + RSI[1];
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot UpSignal = if RSICumul crosses above OverSold then OverSold else Double.NaN;
plot DownSignal = if RSICumul crosses below OverBought then OverBought else Double.NaN;
UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);
RSICumul.DefineColor("OverBought", GetColor(5));
RSICumul.DefineColor("Normal", GetColor(7));
RSICumul.DefineColor("OverSold", GetColor(1));
RSICumul.AssignValueColor(if RSICumul > over_Bought then RSICumul.color("OverBought") else if RSICumul < over_Sold then RSICumul.color("OverSold") else RSICumul.color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
Tel Aviv direct hit in suburb......
Honestly, I don't think the market fears missles over Gaza or Israel, it's other places they care about.
Honestly, I don't think the market fears missles over Gaza or Israel, it's other places they care about.
Masks are more important.McInnis 03 said:
Tel Aviv direct hit in suburb......
Honestly, I don't think the market fears missles over Gaza or Israel, it's other places they care about.
Close will be interesting.
Thank You !McInnis 03 said:
I'm using thinkorswim....it has an RSI indicator and I'm setting it to 2 periods, 90 overbought, 10 over sold.
For the cumulative, I'm using a code I popped off the web....
# 2-Period CumulativeRSI by theLEMband
# Modification of TOS RSI
# Idea from Larry Connors book
declare lower;
input length = 2;
input over_Bought = 170;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = yes;
def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
plot RSICumul = RSI + RSI[1];
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot UpSignal = if RSICumul crosses above OverSold then OverSold else Double.NaN;
plot DownSignal = if RSICumul crosses below OverBought then OverBought else Double.NaN;
UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);
RSICumul.DefineColor("OverBought", GetColor(5));
RSICumul.DefineColor("Normal", GetColor(7));
RSICumul.DefineColor("OverSold", GetColor(1));
RSICumul.AssignValueColor(if RSICumul > over_Bought then RSICumul.color("OverBought") else if RSICumul < over_Sold then RSICumul.color("OverSold") else RSICumul.color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
With regard to these RSI and Trading strategies, I'm looking at these more specifically on indexs that have coverage across a spectrum more so that specific stocks. I'm sure it can be cherry picked on those too, but I like diverse indexes because if one sector is down, many times a different sector can make up for it, so if you're seeing extremes it's likely overdone across the board and it can need to fix itself.
for anyone following what i'm posting, these are lottos. 0.1% of account value.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
interesting TRIN numbers.
Can we unpack this a bit?
TRIN's down around .48 which foretells a pretty negative day tomorrow if it holds.
TICK is up hammering the +600 with runs to 800-900.
PCALL is in between bullish and bearish.
The carry trade bottomed out at the open and has been oscillating up.
WTF does it all mean?
Penny lotto play again:
$KPAY
Don't ask me why, but the guy I've been getting these plays from just threw this out so I'm hitting it with $100
$KPAY
Don't ask me why, but the guy I've been getting these plays from just threw this out so I'm hitting it with $100
Keep it up. Get your groove back Stella.
Beer is on you next time I see youRagoo said: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.Brian Earl Spilner said:How?Ragoo said:
+$5100 today on the ups and downs just ROKU.
Sometimes the internals are just too noisy. Today is probably one of those days.
McInnis -
How are you setting it to two periods? I'm also using TOS.
Quote:
I'm using thinkorswim....it has an RSI indicator and I'm setting it to 2 periods, 90 overbought, 10 over sold.
How are you setting it to two periods? I'm also using TOS.
If the chart is visible on your screen, just double click it (double click the RSI graph itself, like specifically on the line itself), itl'll open the option wndow. Set "length" to "2", change bought to 90 and sold to 10
Bears trying to hold tech down, I think they'll fail.
The volume todayMcInnis 03 said:
Penny lotto play again:
$KPAY
Don't ask me why, but the guy I've been getting these plays from just threw this out so I'm hitting it with $100
aha, thank youMcInnis 03 said:
If the chart is visible on your screen, just double click it (double click the RSI graph itself, like specifically on the line itself), itl'll open the option wndow. Set "length" to "2", change bought to 90 and sold to 10
Prognightmare said:
Bears trying to hold tech down, I think they'll fail.
How about they "fail" and let more people get long before rug pull later this week?
Let it ride
took quick profit on JD. Easy 8%
You don’t trade for money, you trade for freedom.
stella has already booked 1.5% this week, hoping for more, but playing light.McInnis 03 said:
Keep it up. Get your groove back Stella.
You don’t trade for money, you trade for freedom.
I went ahead and sold EBON 05/21 5C for 0.08 against the shares I bought this morning for 2.80. I think this is free money, and if EBON happens to get to $5 in the next 7 trading days, I'll gladly sell.
You don’t trade for money, you trade for freedom.
it is time for $SNOW to stop being difficult and puke to 196 so that I can get some solid profit.
You don’t trade for money, you trade for freedom.
Able to work a +40% return on a $SPY put with this morning's drop to 410. Then put in a 416C daily and got out of it at +26% when it hit 414.5 (may have been early but took the win)
About the only green things on my list.
Followed 30K on the $JD play which is green as of now.
About the only green things on my list.
Followed 30K on the $JD play which is green as of now.
$TSLA is having some problems with the 625 area and it is touching its hourly mean, volume starting to diminish. I think this name is broken.
I'm going to try a $615P with a short leash.
I'm going to try a $615P with a short leash.
You don’t trade for money, you trade for freedom.
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