Spot on te22! agree with this valuable piece where it is a
trend day and where pullbacks can be bought, ex. beautiful
bull flag pull back to es 4130 , example. Yes, the masters'
opinions are most appreciated by members , before the occurence,
especially
imelhoe - the time to buy is near demand - I personally have no
interest in chasing a large move late session. However, if
you like to scalp short term then follow your plan. I listed
the demand zone for the SPX last weekend near 4050 (please take
time to review last weekend comments) QQQ demand zone listed
in newsletter was 312-315 (reached 315 then bounced)
Steve, much appreciated with those levels on SPX ; is there any
way you can correlate the levels to the ES as well cos i follow the
ES more but trade spy options,; i also pay very close attention to
your ES upside and downside levels that you have listed above.
When I get better, i would like to trade SPX options, but
they are much more expensive. Thanks for all you do to help
us.
No as SPY options have other factors that impact their
performance and even if you are correct in direction can lose
money. If you are trading such options you need to formulate
a plan that make sense for you. My advice is to take time and
prepare a gameplan each night based upon YOUR methodology.
You can incorporate key levels into that plan if you find
them useful.
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Spot on te22! agree with
Volatility systems
Posted by imelhoe on 7th of May 2023 at 10:30 pm
Spot on te22! agree with this valuable piece where it is a trend day and where pullbacks can be bought, ex. beautiful bull flag pull back to es 4130 , example. Yes, the masters' opinions are most appreciated by members , before the occurence, especially
.:)
imelhoe - the time to
Posted by steve on 7th of May 2023 at 10:31 pm
imelhoe - the time to buy is near demand - I personally have no interest in chasing a large move late session. However, if you like to scalp short term then follow your plan. I listed the demand zone for the SPX last weekend near 4050 (please take time to review last weekend comments) QQQ demand zone listed in newsletter was 312-315 (reached 315 then bounced)
Steve, much appreciated with those
Posted by imelhoe on 7th of May 2023 at 10:37 pm
Steve, much appreciated with those levels on SPX ; is there any way you can correlate the levels to the ES as well cos i follow the ES more but trade spy options,; i also pay very close attention to your ES upside and downside levels that you have listed above. When I get better, i would like to trade SPX options, but they are much more expensive. Thanks for all you do to help us.
No as SPY options have
Posted by steve on 7th of May 2023 at 10:41 pm
No as SPY options have other factors that impact their performance and even if you are correct in direction can lose money. If you are trading such options you need to formulate a plan that make sense for you. My advice is to take time and prepare a gameplan each night based upon YOUR methodology. You can incorporate key levels into that plan if you find them useful.