NexusFi: Find Your Edge


Home Menu

 





Weekly Option Trader


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Vikings1 with 178 posts (397 thanks)
    2. looks_two Gisfor with 12 posts (3 thanks)
    3. looks_3 Cloudy with 10 posts (8 thanks)
    4. looks_4 Big Mike with 8 posts (15 thanks)
      Best Posters
    1. looks_one theoptionguru with 3.5 thanks per post
    2. looks_two Vikings1 with 2.2 thanks per post
    3. looks_3 Big Mike with 1.9 thanks per post
    4. looks_4 Cloudy with 0.8 thanks per post
    1. trending_up 59,116 views
    2. thumb_up 482 thanks given
    3. group 56 followers
    1. forum 271 posts
    2. attach_file 544 attachments




Closed Thread
 
Search this Thread

Weekly Option Trader

  #241 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Perfect set-up on AAPL. Indicators gave me my "green line", "green candle", but no break of that candle, S1 held. I had to wait nearly 1-1/2 hours but finally it broke $ 597.73 and the results were a nice win so far. Final target for remaining 1/2 is Pivot at 585.08, or $ 4.00 on the calls, which ever comes first...




A quick look at the market...(can pivot hold for the ES??)


Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #242 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Now that was a text book play....

Looks like another press conference just in time to save the market today. They now have a plan for a plan to plan for a plan to get us out of this mess with just a "Stroke of a Pen" (so sad!)

But hey AAPL got to it's $ 585 Pivot... "Got to love the hedge funds and their trading computers"



Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #243 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418


Nearly all my daily stops were tested, but did not break. Great bounce off of them.

Looks like the market wants to test news highs for NQ, ES, TF. Oil still weak but it too had a nice bounce off it's stop, but if DX tanks up Oil will go too.

I will post some potential swing trades later.

Take care and have fun.

PS: Be careful though and watch out for "press" conferences about the "Cliff" as each can/will send this market all over the place. Best to keep the news on, even that worthless CNBC ("Rise Above") Network; just turn down the sound.



Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #244 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Though it did go higher today, ES could not break away from R1. EUR/USD will need to break 1.3013 for this market to keep going up. Market sure feels a little heavy here, but it is far from any real sell on any of my charts. If someone farts, tonight or tomorrow, the charts won't mean much.

PS: I added a simple cloud to my charts for the newer people to see the trend a little easier; it is NOT a trade indicator though.




Interday trades were plenty (up & down) across futures, fx, and weeklies, here are just a few examples...







Here is a short video clip of some of today's action....

11.29.2012-10.50.13 - Vikings1's library

Take care and have a great day.

PSS: Under the weather a little so no potential swing trade picks tonight.

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
  #245 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Started off nice, but died very quickly today. (rebalancing??)

Anyhow some nice plays in the various futures early this morning and a couple nice plays in some weekly options like BIDU & GOOG...small loss in AAPL (started to break down but didn't want to give up 585, oh well)

Going to post clips to youtube from here on out, Screencast does not have the space to handle the size of these clips.

Market still in Green mode, but having issues up here, (it needs some more Holiday Cheer!!)




Have a great weekend!


CL, ES, TF, NQ, EUR/USD & DX 11/16/2012 - YouTube








Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #246 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Here are some potential swing trades for Monday. No guarantees especially with these current market conditions. The number of shares are based off of a maximum $ 200 loss. Again I would rather play the January, or even this month's, options on these instead of buying the stock outright.

Have fun.


Up Stocks
Symbol Entry Stop # Shares
JNJ 69.93 68.6 150
ORLY 94.4 90.39 49
EW 86.98 83.38 55



Down Stocks
Symbol Entry Stop # Shares

CBE 74.49 79.88 37
DVN 51.48 53.53 97
UA 51.82 55.2 59
NFLX 79.32 84.95 35



Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #247 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Not bad results considering the week! Some were never trigger (mainly the down picks for 11/27).

PS: The current stop is posted in the upper left hand corner of the charts..

Have a great weekend!

Selected for 11/27/2012

Up Code
Symbol
DUK
BA
ED
FDX
EQR
ROK
ETR
SPG
JBHT
CHRW

Down Code
Symbol
JWN
ILMN

Selected for 11/28/2012

Up Code
No matches

Down Code
Symbol Short Stop Shares


NOV 69.89 73.42 56
HCN 58.78 60.73 102
KMB 85.51 87.34 109
VAR 68.74 71.39 75





Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #248 (permalink)
tpurchal
dallas texas
 
Posts: 2 since Aug 2012
Thanks Given: 0
Thanks Received: 2

I am glad you are back.

Do you still follow these same rules?:

1). Price must be two candles above/below of the 50EMA.
2). Those two candle must be same color
3). TTM-Squeeze must be blue/red along with a "green" dot
4). My "A-study" (solid blue/red line on upper graph) must be the same color as the candles
5). My "B-Study" (dots green/red on upper graph( must be the same color as the candles
6). My Laquerre Study (dashed blue/red line on upper graph) must be the same color as the candles

I am still trying to define my signals, but have been inspired by your simplicity. I have struggled with controlling fear and greed and believe your disciplined approach is paramount to success.

Thanked by:
  #249 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

Nope, they are as follows:

Anyhow, my rules are simple:

Red "down" line, red candle, buy the break of the low of that candle.
Green "up" line, blue candle, buy the break of the high of that candle.

GET OUT WHEN THE TRAILING STOP IS BROKEN: (white dashes)

NOTE: Potential profit targets would be major ones, like pivots and such.

That's it.


tpurchal View Post
I am glad you are back.

Do you still follow these same rules?:

1). Price must be two candles above/below of the 50EMA.
2). Those two candle must be same color
3). TTM-Squeeze must be blue/red along with a "green" dot
4). My "A-study" (solid blue/red line on upper graph) must be the same color as the candles
5). My "B-Study" (dots green/red on upper graph( must be the same color as the candles
6). My Laquerre Study (dashed blue/red line on upper graph) must be the same color as the candles

I am still trying to define my signals, but have been inspired by your simplicity. I have struggled with controlling fear and greed and believe your disciplined approach is paramount to success.


Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
  #250 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418


Market is flat now, but there were some nice plays prior to open and just after....

Euro has been very nice since the open last night....

No plays in my weeklies, never do much with them on Mondays or Tuesdays anyway...







Follow me on Twitter Visit my NexusFi Trade Journal Started this thread

Closed Thread



Last Updated on December 18, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts