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Excellent. Thank you!

From Joe Fahmy

Posted by brophy on 10th of Jul 2020 at 04:12 pm

From Joe Fahmy

Or it could do this...

Could be a topping at

Posted by brophy on 8th of Jul 2020 at 01:37 pm

Could be a topping at the low vol. node and heading for the lower channel line.

Posted by brophy on 8th of Jul 2020 at 11:01 am

jtsurfah: Here's one I use for my options spread. I don;t trade very big size, other than SPX, This is for my stocks. I enter the credit i receive on my credit spread and it gives me the # of spreads I should trade.

Those are great ideas, Matt.

TSLA options

Posted by brophy on 7th of Jul 2020 at 03:55 pm

Those are great ideas, Matt. Selling puts to buy stock reminds me of something I was just reading in one of Wyckoff's books printed in, get this: 1918, I think. I love those old books. He recommends during panics to place ridiculously low standing buy orders. I think I will try that Has anybody done this?

I went for my run

I know I am the odd man out on here ...

Posted by brophy on 7th of Jul 2020 at 03:42 pm

I went for my run and just came back to find ES at L.O.D. Which makes sense given the neg d i posted on the Naz. Personally I would not recommend any B.P. SP on anything  til we settle out and see we are headed. Just M.O..

yes, pause looks possible.

Posted by brophy on 7th of Jul 2020 at 01:57 pm

yes, pause looks possible.

Not necessarily. Depends on the strategy. If I want the spread to expire worthless and keep the credit, then yes I will pick the shortest expiry, obviously, but if is a swing trade I will go out a few. The credit I receive also plays a part.

I will try and for

I know I am the odd man out on here ...

Posted by brophy on 7th of Jul 2020 at 01:33 pm

I will try and for that, but like anything you need to know about it. There are dozens of kinds of spreads but I use credit spreads only and decide on a short strike only after the B/O. just like when you decide on a buy point. Usually my short strike is where your stop loss would be in a trade, Then the long position is placed underneath that 5 or 10 strikes below. This equals lower costs and less volatility. You should do some reading on it...VectorVest has a good course.

Well, here one I did this morning and yesterday. One of Matt's idea. I like spreads better than just buying the outright, costs less and is less volatile. But buy point is the same.

I know I am the

Posted by brophy on 7th of Jul 2020 at 01:03 pm

I know I am the odd man out on here but actually one of my favorite trades is on  the SPX.  A bull put credit spread. Either open it and buy it back for less or let it expire worthless and keep the credit. And here's today's profile  up close.

HOG breakout.

Posted by brophy on 6th of Jul 2020 at 05:49 pm

HOG breakout.

Who's getting worked up? Jeez. Sorry I asked.

Matt; No offense but could

Posted by brophy on 1st of Jul 2020 at 10:55 am

Matt; No offense but could you please clarify this. Received this message from MedVed. I though it was free. Them: "You may be mixing this up with QuoteTracker. That was free to TD Ameritrade clients because TD Ameritrade owned it. Medved Trader is not owned by TD Ameritrade. It is completely independent and we do not currently have any deal with TDA. We have a marketing thing with Ally but are not owned by them or any other broker."

Does it really matter "why?"

He always offers smart thinking.

The problem is our experts

Posted by brophy on 25th of Jun 2020 at 09:33 am

The problem is our experts "so-called" have not exactly distinguised themselves in the information department. Remember "Don't wear a mask, we need the for the professionals?" And how about that great organization the  W.H.O. What a great job they did...Personally I don't trust a single thing they say anymore.

One way to look at

Posted by brophy on 25th of Jun 2020 at 08:18 am

One way to look at it. Re that SPX symmetry break. Brilliant. Thanks guys.

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