I told you guys to expect a consolidation around 12 EST, you can
see we got that, and you can see price pulled back enough allowed
the 50 SMA to catch up and the MACD to recycle close to zero -
exacrtly what I said would happen. Also the fast 10 Stochastic got
oversold while the 60 Stochastic remained over 80%
Great teaching moment for me - Thanks Matt - I held the SPY QE
BTS options I had through the morning, then added several shorter
term calls at 13:25 when the 10 stochastic was low and sold both
after it bounced back above 80 and curled over at about 14:20 -
it's a little scary how spot on you are some times :) love it!!
(still holding the other SPY option trade).
yeah it's amazing how it's almost always played out that same
general way for many years. In fact I have a sub system that
I run on 3 and 5 min charts on ES futures that is designed for
these type of trades.
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I told you guys to
SPX 5min
Posted by matt on 4th of Feb 2020 at 01:45 pm
I told you guys to expect a consolidation around 12 EST, you can see we got that, and you can see price pulled back enough allowed the 50 SMA to catch up and the MACD to recycle close to zero - exacrtly what I said would happen. Also the fast 10 Stochastic got oversold while the 60 Stochastic remained over 80%
Great teaching moment for me
Posted by pjtiii on 4th of Feb 2020 at 03:59 pm
Great teaching moment for me - Thanks Matt - I held the SPY QE BTS options I had through the morning, then added several shorter term calls at 13:25 when the 10 stochastic was low and sold both after it bounced back above 80 and curled over at about 14:20 - it's a little scary how spot on you are some times :) love it!! (still holding the other SPY option trade).
sweet!!!!! awesome job and you
Posted by matt on 4th of Feb 2020 at 04:14 pm
sweet!!!!! awesome job and you traded that perfectly!
seems to work every time
Posted by vinylchild on 4th of Feb 2020 at 01:49 pm
seems to work every time almost exactly the same
yeah it's amazing how it's
Posted by matt on 4th of Feb 2020 at 01:51 pm
yeah it's amazing how it's almost always played out that same general way for many years. In fact I have a sub system that I run on 3 and 5 min charts on ES futures that is designed for these type of trades.