Posted by mirhamedali on 6th of Aug 2022 at 10:44 am
Thanks for taking the time to share your thoughts in such a
detailed fashion. Matt would it make sense for me to purchase lower
beta options? I know I would be increasing my risk but I would also
be increasing possible reward and with the systems doing so well it
seems to be worth it. For example I was thinking about purchasing
options with a beta of . 30 for all of the trades.
Posted by mirhamedali on 29th of Jun 2022 at 04:12 pm
I agree with Matt / Steve that we may have a multi-week or
multi-month bear rally ahead of us. I think this plays out as
one massive A-B-C and I suspect this bear rally will be very choppy
and be full of smaller A-B-C moves as opposed to anything
impulsive. If this bounce is to be corrective, followed by
another impulse down, then we do have to expect lots of overlapping
waves here. I think its going to be a choppy ride until September.
Reducing order sizes might be a good idea to avoid getting
chopped up too badly.
The community is delayed by three days for non registered users.
Steve is there a plan
Reminder to ALL = click on the Community Link above ...
Posted by mirhamedali on 7th of Aug 2022 at 04:30 pm
Steve is there a plan to eventually implement an auto refresh for the blog?
Thanks for the early charts
SPX Views Updated
Posted by mirhamedali on 6th of Aug 2022 at 07:45 pm
Thanks for the early charts Steve. Gives us something to chew on over the weekend!
When you say "green is the outlier", you mean it's not a likely alternative?
Thanks for taking the time
PLEASE READ: My comments regarding the systems being too complicated having multiple trades open
Posted by mirhamedali on 6th of Aug 2022 at 10:44 am
Thanks for taking the time to share your thoughts in such a detailed fashion. Matt would it make sense for me to purchase lower beta options? I know I would be increasing my risk but I would also be increasing possible reward and with the systems doing so well it seems to be worth it. For example I was thinking about purchasing options with a beta of . 30 for all of the trades.
$NDX - If today's lows
Posted by mirhamedali on 5th of Aug 2022 at 12:50 pm
$NDX - If today's lows are taken out then it looks like wave 3 of a five wave decline has started.
$NDX - If today's lows
Posted by mirhamedali on 5th of Aug 2022 at 12:50 pm
$NDX - If today's lows are taken out then it looks like wave 3 of a five wave decline has started.
Well played timebandit. That was
I faded this bounce to 4150 as the divergences on ...
Posted by mirhamedali on 5th of Aug 2022 at 11:59 am
Well played timebandit. That was a great R/R entry spot. I missed that one.
$VIX doesnt seem to be
Posted by mirhamedali on 5th of Aug 2022 at 11:57 am
$VIX doesnt seem to be breaking out just yet, so this selling may be contained. Lets see.
So far the trendline is also holding up
$ VXN(VIX of the Nasdaq 100)
Posted by mirhamedali on 4th of Aug 2022 at 07:36 pm
$ VXN(VIX of the Nasdaq 100) has been diverging for this entire wave 5 up .... coiling ....
I am tracking something similar
Simple-Million...This is what I prefer
Posted by mirhamedali on 4th of Aug 2022 at 02:01 pm
I am tracking something similar here:
Steve what do you make
Posted by mirhamedali on 4th of Aug 2022 at 01:48 pm
Steve what do you make of QQQ taking out the early June highs, but $NAAD has failed to do so far?
50% retrace takes us to
Market thoughts
Posted by mirhamedali on 23rd of Jul 2022 at 01:04 am
50% retrace takes us to the top of the gap. 62% retrace fills the gap. Interesting.
And with big tech earnings next week, its an ideal time for choppy consolidation.
What is the difference between
SPX - Matt, I'm wondering how your SPX 120 min ...
Posted by mirhamedali on 14th of Jul 2022 at 06:53 pm
What is the difference between the dotted line and the solid lines on these charts?
I am surprised it happened
Man i wish this sell off happened yesterday ... oh ...
Posted by mirhamedali on 12th of Jul 2022 at 04:41 pm
I am surprised it happened today before the CPI numbers came out on Wednesday. Not a good sign overall for bulls IMHO.
Wow, look at that potential
Interesting View (Credit to Mo)
Posted by mirhamedali on 12th of Jul 2022 at 04:39 pm
Wow, look at that potential symmetry
Are these fibs normally not
SPX 15 with Fibs
Posted by mirhamedali on 6th of Jul 2022 at 11:27 pm
Are these fibs normally not the other way around?
Great call Matt!
price called at that symmetry target
Posted by mirhamedali on 1st of Jul 2022 at 05:06 pm
Great call Matt!
I am still hoping for
QQQ 15
Posted by mirhamedali on 30th of Jun 2022 at 11:30 am
I am still hoping for a gap fill and a tag of the .786% retrace
I agree with Matt /
NQ 1 min inverse h&s...could trigger larger breakout of triangle
Posted by mirhamedali on 29th of Jun 2022 at 04:12 pm
I agree with Matt / Steve that we may have a multi-week or multi-month bear rally ahead of us. I think this plays out as one massive A-B-C and I suspect this bear rally will be very choppy and be full of smaller A-B-C moves as opposed to anything impulsive. If this bounce is to be corrective, followed by another impulse down, then we do have to expect lots of overlapping waves here. I think its going to be a choppy ride until September.
Reducing order sizes might be a good idea to avoid getting chopped up too badly.
I think we see a
NQ 1 min inverse h&s...could trigger larger breakout of triangle
Posted by mirhamedali on 29th of Jun 2022 at 01:45 pm
I think we see a series of A-B-C moves for the rest of the summer. Lots of chop.
That is also possible. That
NQ 1 min inverse h&s...could trigger larger breakout of triangle
Posted by mirhamedali on 29th of Jun 2022 at 01:42 pm
That is also possible. That would be a more bearish slant :-)
Either way, pressure seems down unless this triangle can resolve upwards.