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Weekly Option Trader

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  #101 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received


Cloudy View Post
Hi Vikings, I've noticed in the recent charts you've changed to range charts at various cents value for AAPL, /CL
and GOOG. Do you think they are easier to trade on and help filter out spike and noise from the time charts?
Thanks, Cloudy

Cloudy until recently TOS did not have range charts. Range charts IMO are the only thing you should be using as they are pure price, no time or volume, only price. If you look at most of your indicators, oscillators, and such they are all price based, not time.

It took a little experimenting to see what ranges worked best and I have standardized on ATR for a 5 minute interval and a shorter one (1/2 of the previous range) in order to get me into a play that is already running.

My ranges right now ar $ .13 & $ .065 for oil, 1.47 for aapl, .66 for amzn, .40 for bidu, 1.475 for goog, .34 for nflx, 2.20 for pcln, and 1.34 for ES.

I realy like the $ .065 for OIL, obviously.

Another thing with range charts as my set-ups are setting up I can quickly calculate where to take my trade as I know the bar I need to fill is $ .065 for oil (as an example) and thus have my trade all locked and loaded ready to be filled.

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  #102 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Here is what my weeklies look like today, for those that are interested.

Have a great night...












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  #103 (permalink)
 kulu 
Buckeye Nation
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp/CQG, TOS
Trading: CL, 6E, YM and ES
 
Posts: 211 since Jul 2010
Thanks: 159 given, 241 received

@ Rutherfordk

To add an options chart on TOS, go the option chain you want to chart, right click on it, then ADD TO WATCHLIST, and then choose the watch list you want. I personally have created a watchlist = OptionCharts. After I add it to this watchlist, then go to that watchlist and charts, then link that watchlist with your charts. Then select the option on the watchlist to chart it.

I will make a short video this weekend if this isn't clear enough for you.

Cheers, Kulu



rutherfordk View Post
Gisfor, can you tell me how you loaded an option chart in TOS. I have never seen this before. I have been trading options on TOS for years and never knew this was possible.
Thanks,
Kim


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  #104 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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kulu View Post
@ Rutherfordk

To add an options chart on TOS, go the option chain you want to chart, right click on it, then ADD TO WATCHLIST, and then choose the watch list you want. I personally have created a watchlist = OptionCharts. After I add it to this watchlist, then go to that watchlist and charts, then link that watchlist with your charts. Then select the option on the watchlist to chart it.

I will make a short video this weekend if this isn't clear enough for you.

Cheers, Kulu

Hi Kulu,

Was that message meant for me? I follow my options on E-trade, not TOS. Secondly I rarely pay attention to the option chart, just my main chart to tell me when to get in and out.

V

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  #105 (permalink)
 kulu 
Buckeye Nation
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp/CQG, TOS
Trading: CL, 6E, YM and ES
 
Posts: 211 since Jul 2010
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V,

No that message was for Rutherfordk. He had asked how to plot an options chart on TOS a while back.

Kulu


Vikings1 View Post
Hi Kulu,

Was that message meant for me? I follow my options on E-trade, not TOS. Secondly I rarely pay attention to the option chart, just my main chart to tell me when to get in and out.

V


 
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  #106 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Wow, what a day. Once again more Crappy news before the open but the market goes up, sideways, and then down until the so-called rumor came out. QEIII is baking in as we speak, but what's another month with a deficit of $ 137 billion?

Anyhow, 17 trades on CL today for a whopping gain of 202 total ticks using 4 contracts. I am not going to show them all as it would take forever to post them all, but I did have four max losers today (total of 64 tits each, ouch), but I had some good trades as well so it all worked out in the end.

Weeklies had some very nice moves in them like GOOG, PCLN, NFLX, and AAPL. They were headed to REALLY great trades until the great rumor popped. Some great examples of using the smaller range chart to get into a trade that is already running, or giving a strong reversal, on the longer range chart. Pcln options went from $ 3.80 to $ 10.69; GOOG had two reversals $ 1.65 to $ 3.10 and $ 1.19 to $ 2.35; AAPL's play went from $ 2.40 to $ 4.00...

Have a great day tomorrow, it should be an interesting one as more rumors will be sure to be flying all around tomorrow.

V











Attachment 77656










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  #107 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Today was a very good day even with a big mistake on one trade in oil today. I was 7-6 on my trades in oil today, but still finished up with 208 total ticks (using 4 contracts). I did make a clear mistake though that cost me 64 ticks on one trade, (I have enclosed a pic of that trade). I could/should have been 7-5 on my trades instead for a possible total of (272 ticks). Lesson learned.

I was posting all these trades before them happened to my Skype friends, but was amazed when I was told by one of the "friends" that I should not be taking some of those trades because on a longer time frame the TTM-Squeeze was still in a squeeze. But why should I care when I am NOT trading off that range?

My rules again are:

My Rules:
1). Price must be two candles above/below of the 50EMA. (one has to be higher or lower than the other)
2). Those two candles 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
Those are my RULES and they are NEVER broken, (no butt I think it might reverse; no thinking, just buy or short when these are ALL met).

If you have a system, you better have rules and then FOLLOW those rules, don't start making excuses for not taking trades. This is exactly why 95% of all would be traders fail, no rules, consistantly changing them, always looking for the "magic" oscillator, NEVER making a REAL commitment to a system.

PS: After that comment about how I should be sitting on the sidelines until I get confirmation from a larger time frame I had MY biggest trade of the day for 120 TICKS!!!!! But maybe he was right, I should have waited for the yearly to show me the way.

So much for sitting on the sidelines.

Weeklies were good today, especially PCLN.

PS: I have changed my range charts on my weeklies to the following ranges: AAPL $ 1.11, AMZN $ .50, BIDU $ .30, GOOG $ 1.11, NFLX $ .255, GOOG $ 1.11.

Have a great weekend.

V
























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  #108 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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This is a question that I am asked a lot and I have to be honest here, it is one I too have been working hard to figure out, but I think I am there now.

First pull up a daily chart of whatever you are interested in trading. Pull a ("7"-interval) ATR on that daily chart. Next take that number and multiply it by .08 (conversative interval). DO this on a DAILY basis as your range needs to be dynamic, or it will become useless, IMO.

Example AAPL's current 7-interval on the daily chart is $ 9.372. Therefore the range I will be using on Monday will be $ 9.372 * .08 = $ .75

Next Monday's Ranges will be as follows:

AAPL: $ 9.372 * .08 = $ .75
AMZN: $ 4.0625 * .08 = $ .325
BIDU: $ 3.7457 * .08 = $ .30
GOOG: $ 10.244 * .08 = $ .82
NFLX: $ 2.6014 * .08 = $ .21
PCLN: $ 17.757 * .08 = $ 1.42

As far as Futures go you can use 8%, 5%, or 2.5% (like I use) of the Daily ATR. This all depends on your style of play, conservative to very aggressive. I like to be very aggressive on Oil.

As far as Trailing stops go: I am now using A great little program of Big Mike's, his "SuperTrend" program that he put together for TOS.

Therefore, I have made some slight changes to my charts which will make me even that much more effective, IMO.

I will be posting as usual.

V

Some sample charts with the new ranges and "Supertrend" (black and white dotted line)






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  #109 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Experiment continues to churn along and doing very well. Today I took every trade given me in oil, 14 total. Final record was 10 wins & 4 losses. One of those losses was from an add I did on an existing winning trade and I nearly got my 1st fill on that add (missed it by 1 tick); still won a total of 26 ticks on that overall trade.

Final total for the day, based off of 4 contracts was 420 ticks. Best plays of the day were for 106 & 104 ticks each. Worst trades were -52 & -48 ticks respectfully. No mistakes today and that was because of some of my upper boxes I added for my wife's sake. (They helped me too, shhhh.)

Again, I was posting all these trades before they happened to my trading friends, some of whom are in here, via Skype.

Weeklies today:

I played GOOG and AAPL today, unfortunately I missed the 1st entrance on AAPL as I was involved with some other matters at the time, but I did NOT miss the re-entry.

My rules again are:

1). Price must be two candles above/below of the 50EMA. (one has to be higher or lower than the other)
2). Those two candles 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
Those are my RULES and they are NEVER broken, (no butt I think it might reverse; no thinking, just buy or short when ALL of these conditions are ALL met).












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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Oops I forgot to add the GOOG pic.

Ranges for tomorrow 6/19/2012:

AAPL: $ .87
AMZN: $ .36
BIDU: $ .28
GOOG: $ .87
NFLX: $ .20
PCLN: $ 1.38

/CL: $ .062

Have a great night!


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  #111 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Another winner on /CL

Long at $ 83.46, 1st target $ 83.59 (1/2 off), stop now at $ 83.49...another 32 ticks locked in and maybe more.

PS: Also switched over to the $ .062 range as well....








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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Oil started off really well, I went 2-1 on my first three trades and was up 196 ticks, then came the 1-5 stretch. By the time this stretch ended I was 3-6 and I was down a whopping -12 total ticks, my I was still upbeat. Then I finished strong going 5-2 on my remaining 7 trades and finishing the day up a total of 104 ticks. So not too bad considering how choppy it was, (everyone waiting for the golden goose Big Ben to lay another Golden egg).

Weeklies made up for the lack luster Oil day as my play in GOOG was a nice one, AAPL had a nice win to start but it too chopped the rest of the day and I ended up with a small win and small loss to finish the day on it.

My wife did very well today, she took IWM nearly out of the gate and rode it to a double on her $ 78 weekly calls. She also made a nice play on NFLX in the afternoon after missing the earlier entries. Though we do not trade the TF, we will be shortly. (I have enclosed my Tf charts as well).

In the last 4 days of trading oil I am up nearly 1.000 ticks (998). Could be more with a few less mistakes and adding when I should to runners. This will improve as time goes by.

Ranges for tomorrow:

AAPL $ .82, AMZN $ .37, BIDU $ .25, GOOG $ .95, NFLX $ .22, PCLN $ 1.34, CL $ .07, IWM $ .13, SPY $ .15, QQQ $ .08, TF $ 1.57, & ES $ 1.75.

Here are some charts of my best and worst plays today. The worst are not really worst as they were good trades that just didn't go anywhere.



















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  #113 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

I am almost afraid to post this today as I am sure I will have my non-believers. Therefore I will let all 19 charts speak for themselves. I was 14-4 today for a grand total of 846 ticks (based on 4 contracts with 1/2 coming off after a 13 tick gain). All trades were posted ahead of time, with my trading buddies, some of whom are in here.

Missed one trade while getting a sandwich or else I could have been 15-4 today for a total of 920 ticks.

I took NO weekly option trades due to Big Ben and the FED, I stayed away completely. There was at least one very nice trade in BIDU and some nice scalps in the others as well.

Here are my charts:


































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  #114 (permalink)
 Big Mike 
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Congrats on a nice day



Mike

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  #115 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Ranges for tomorrow:

AAPL $ .71, AMZN $ .35, BIDU $ .27, GOOG $ .83, NFLX $ .21, PCLN $ 1.32, CL $ .06 (fast), $ .13 (average), $ .20 (slow) , IWM $ .11, SPY $ .14, QQQ $ .07, TF $ 1.00, & ES $ 1.50.


Have fun....

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 timefreedom 
Indianapolis, IN USA
 
Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker: Several
Trading: ES CL ZB
 
Posts: 374 since Dec 2009
Thanks: 225 given, 380 received


Vikings1 View Post
Ranges for tomorrow:

AAPL $ .71, AMZN $ .35, BIDU $ .27, GOOG $ .83, NFLX $ .21, PCLN $ 1.32, CL $ .06 (fast), $ .13 (average), $ .20 (slow) , IWM $ .11, SPY $ .14, QQQ $ .07, TF $ 1.00, & ES $ 1.50.


Have fun....

Hi @Vikings1,
Nice journal. How are you determining the ranges that you are using for each underlying stock, commodity or index? Thanks.

 
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  #117 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received


timefreedom View Post
Hi @Vikings1,
Nice journal. How are you determining the ranges that you are using for each underlying stock, commodity or index? Thanks.

Pull up the Daily ATR for any thing you are trading ( I use a 7 interval). I personally use 8% of the daily ATR for my range on the weeklies, and 2.5% for CL. But that is what I use, everyone has their own and in the long run it really doesn't matter as long as you are consistant. Pick one and stick with it, and stick to your rules.

Lastly and probably MOST importantly play all plays. There are no guarantees you will always win, but you can't win if you aren't in and this game is nothing more than a numbers game.

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  #118 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Hard not to make money on a bloody day like today. Though very busy it was a lot of fun as my wife kicked butt today on her plays in AMZN, BIDU, and GOOG. I was especially proud of her on GOOG as she got stopped out on her 1st short of GOOG. But like a good trader she got right back on the horse and rode it for a very nice win. (All of her charts are enclosed below).

PS: On a day like this shorting almost any of my weeklies would have made money.

I passed on the two early longs for AAPL as I was very busy with Oil today. But I did finally take $ 580 Puts from $ 1.40 to $ 4.00, Thought about holding onto 1/2 over night, but just not my style.

On to Oil, all I can say is wow, very busy and difficult to trade most of the day (not a lot of runners like yesterday). 31 total trades, my broker must love me. I ended up 20wins - 11 losses for a grand total of +576 ticks. My two best wins were 104 & 84 ticks respectfully. My two worst losses were -60 & -56 ticks. The -60 tick loss was my doing though as I was not all RED on my indicators. I got a little distracted helping my wife and watching the weekly options at the same time. (My fault and my fault only.)

I am not going to post all these trades as that would be too much work. I did post my two best and worst trades though.

Still a very nice day as it should be when it is this RED overall.

Have a great night.

V
















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  #119 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

What a change from yesterday, but to be expected after that blood bath. Today only 18 trades before I called it a day. 13 wins 5 losses for a total of 420 ticks. I had one bad trade as I got a little cocky and jumped the gun where I should have waited for the 2nd red candle to form and for it to be lower than the previous one. I didn't and lost -52 ticks on that trade. It happens...(shouldn't but it does)..

Weeklies were very quiet today but still got some nice scalps out of GOOG, AAPL, & PCLN.

Great week and very much ready for the weekend.

PS: Still nice some plays in oil after shutting down; by the looks of it I could have been 3-1 after I shut down. Oh well I am beat and going to enjoy a nice cold drink on the deck.

Take care and we wish you all a great weekend.

Mike (Vikings1)














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  #120 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

I may have stumbled upon something this weekend, by mistake, that has been in front of my nose for a while. I am extremely happy with my set-ups and obviously have done very well using them. But this weekend as I was attempting to upload those very set-ups into an autotrader for Ninja I stumbled across something that may end up being my "Holy Grail".

Time will tell, but the results I have seen so far from back testing have been outstanding.

Personally I can't wait to trade tomorrow.

I will be posting the results tomorrow night, but in the meantime here are some comparisons of my old charts look versus my new charts.

I only have three things to watch, versus six before.

PS: If anyone knows how, (if it's even possible), to program an "ATR Trailing Stop" into a Ninja autotrader I would love to hear from you on how to do it.

Have a great Sunday.......








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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Working very well so far, and getting better!



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 fminus 
Washington DC
 
Experience: Advanced
Platform: TT
Broker: Dorman
Trading: US Treasuries
 
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Thanks @Vikings1 for showing everyone here in the forums that it's possible to make consistent gains with a solid system, sound money management, and confidence. I've been hitting a rough patch in my trading lately (mostly mental) and this journal is inspiring.

I'm almost in disbelief how easy you make it look, but then again anyone who's ridiculously good at their specialty makes it look easy. Thanks for taking the time to share.

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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Not always easy, today has been a tuff one with Crude, but thank God not the weekly options, they rocked today.

So far today I am 17-16 in crude and still in this current trade (in @ .29, 1/2 off at .42, trailing now with a stop for the last half sitting at .33...that said I have a total of 196 ticks locked for today. (PS: I would love to see it pop from here).

I will do some posting of charts later.

Take care and thank you for the compliments.

V


fminus View Post
Thanks @Vikings1 for showing everyone here in the forums that it's possible to make consistent gains with a solid system, sound money management, and confidence. I've been hitting a rough patch in my trading lately (mostly mental) and this journal is inspiring.

I'm almost in disbelief how easy you make it look, but then again anyone who's ridiculously good at their specialty makes it look easy. Thanks for taking the time to share.


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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
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Today was a very active day. Considering it was a Monday the weekly options had some very nice moves in them today (AAPL, AMZN, GOOG, PCLN). I will get into them shortly.

Oil on the other was a “bear” today. Started off great, I went 6-2 on my first 8 trades and was up 216 ticks. I was getting cocky and thinking this is child’s play, but then things got interesting. On my next 18 trades I went 6-12 and was sitting dead flat for the day (+0 ticks), that includes one stretch in that run where I went 1-5 with two (2) -60 tick trades. 2nd thoughts started to creep into my mind, “maybe I should take a break and let the market pick a direction”. I could clearly see the squeeze that oil was in and it’s reluctance to give up S1 or even $ 78. But I also knew that if it broke it might be a nice break, so I kept swinging the bat. On the next trip to the plate (the 27th) here came that hanging curveball and bamm, homerun!! That trade ended up being my best for the day + 122 ticks and by days’ end I finished 5-2 (17-16 for the day) and + 190 ticks.

Just goes to show you that if you are going to play this game you better be swinging the bat or you might miss that homerun pitch. Of course you better being doing all of this with a sound trading system, solid trading rules, and great money management.

Summary; I started and went up +212 ticks then fell to -60 ticks then rose to + 210 ticks and coasted in at + 190 ticks for the day. (ticks again are based on 4 contracts, ˝ off at +13 and trailing the rest until stop out.)

Now to the weeklies. My wife played GOOG, AMZN, & PCLN today and did very well on them. I managed AAPL and I was 2-1 on it today for a very nice day on it.
Buy # 1: Bought the $ 570 Puts @ $ 3.10, sold ˝ @ $ 5.00 (S2 level) sold remaining @ $ $ 5.30
Buy # 2: Bought the $ 580 Calls @ $ 3.30, sold them all @ $ 3.20, (small loss) reversal coming
Buy # 3: Bought the $ 565 Puts @ 3.40, sold them all @ $ 3.70 (small win)

Have a great night and hopefully oil will cooperate tomorrow.

PS: Going to dip my toe in the water for TF tomorrow as my wife is doing a great job managing our weeklies.

PSS: Does anyone know how to load an ATR Trailing Stop into Ninja Autotrader program? I know it is possible as I have seen others who have something similar, but Ninja coding is NOT my specialty.

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 Vikings1 
Minneapolis, MN, USA
 
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The EURO was dead today and thus the log jam on oil today. We only had 29 range bars in the EURO during normal market times, (that is extremely low) and it does explain alot about the chop we saw in oil today. Obviously this EU Summit can/will bring some large spikes later this week, IMO.

Ranges for tomorrow are as follows:

AAPL $ .77, AMZN $ .37, BIDU $ .28, GOOG $ .92, NFLX $ .23, PCLN $ 1.40, SPY $ .16, IWM $ .12, QQQ $ .08, /CL $ .13(conservative), $ .07(fast, what I will be using), /ES $ 1.00, /TF $ .70, and finally Euro/Usd $ .0009.

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 quirtevans 
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You have the money and the cajoneys to do what it takes. I for myself and probably everyone else that follows admires you. You have what it takes. You are an inspiration to everyone that you have shown that if you take the time and do not give up, and just keep at it, and never give up, ever, ever give up. Thank you for your posts. Mike you are an inspiration.

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 Tradelog 
Budapest Hungary
 
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Vikings1 View Post
Today was a very good day even with a big mistake on one trade in oil today. I was 7-6 on my trades in oil today, but still finished up with 208 total ticks (using 4 contracts). I did make a clear mistake though that cost me 64 ticks on one trade, (I have enclosed a pic of that trade). I could/should have been 7-5 on my trades instead for a possible total of (272 ticks). Lesson learned.

I was posting all these trades before them happened to my Skype friends, but was amazed when I was told by one of the "friends" that I should not be taking some of those trades because on a longer time frame the TTM-Squeeze was still in a squeeze. But why should I care when I am NOT trading off that range?

My rules again are:

My Rules:
1). Price must be two candles above/below of the 50EMA. (one has to be higher or lower than the other)
2). Those two candles 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
Those are my RULES and they are NEVER broken, (no butt I think it might reverse; no thinking, just buy or short when these are ALL met).

Hi V!

I have just been reading your thread and in line with remarks from others, superb stuff, thanks for sharing and posting your trades!

Looking at your charts I am a bit lost however on what lines are on your charts...even though I am trying hard to interpret would you mind texting up on one upcoming chart apart from the EMAs which line is which? This would be much appreciated!

I assume the A and B studies are the Squeeze related A and B waves or are they something else?

Also for CL you are trading the futures market and not the options on CL am I right?

Best

TL

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SteveH
Orlando, Florida, USA
 
 
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I've never looked at weekly options before. I brought up the June AAPL weekly and there's 0.10-0.15 bid/ask spreads while PCLN has 0.40-0.70 bid/ask spreads. [Interactive Brokers quotes]

How are you managing the entries/exits with such large spreads? Are you limit buying on the ask and limit selling on the bid to ensure a fill, thus losing the spread on both entry and exit or are you doing some kind of combination like hit the middle of the spread with a limit on the entry and then take the full hit on the spread when you exit? [Even if you entered a limit buy on a long at the bid, it probably wouldn't get filled until that price hit the middle of the bid/ask range]

For example, you mentioned a 50 contract order earlier on in the journal. On AAPL, that could be a potential $1500 slippage just to get in and out of the trade. So, if you're taking a $1 stop loss, that could wind up being a $1.30 loss with slippage factored in. Right?

Just seems to me that you can run into situations with these weekly options where you get stuck on the exit with partial fills (at your level of the game) and gains can erode quickly, considering those spreads.

 
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 Vikings1 
Minneapolis, MN, USA
 
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I am tired and thus will be keeping this short tonight. Oil was a “bear” again today, mainly because the EURO is stuck in neutral waiting for those great European minds to come up with solution 5,000 this Friday.

No great start today in oil, it was a battle all day. Traded oil 21 times today (13-8) and again I had two (2) losses of 60 ticks or more today. My last trade was actually a -60 tick trade. That said, I still ended up + 130 ticks for the day on oil.

Summary for oil; I started and went up +62 ticks then fell to -14 ticks then battled to + 190 ticks and crashed landed at + 130 ticks for the day. (ticks again are based on 4 contracts, ˝ off at +13 and trailing the rest until stop out.)

Today was my first official day for trading TF and it was a very good day there. I traded TF 17 times today (14-3) and finished the day + 316 ticks. Best trade +72 ticks, worst trade -64 ticks

Summary for the TF; I climbed all day to +372 ticks then coasted in to finish at + 316 ticks for the day. (ticks again are based on 4 contracts, ˝ off at +13 ticks and trailing the rest until stop out.)

AAPL was very boring today, 2 small wins....like oil, it too seems to be waiting for direction from Europe this Friday. My wife took today off and thus the other weeklies were not played as I was too involved with CL & TF.










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 Vikings1 
Minneapolis, MN, USA
 
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First off, AAPL is the only weekly where I buy up to 50 contracts as it has the volume to handle those kinds of buys without even batting an eye, (AAPL 570 calls traded 16,583 contracts today alone). AAPL rarely has a spread greater than .15 so why mess around with limits? Personally I could care less what the spread is on these options, as I use my "price charts" to get me in and out of a trade, the price of the option and the bid/ask are "almost" irrelevant for me. Sure I might be able to save a few bucks, but when I have an option go from $ 3.00 to $ 6.00 or even $ 9.00 is it really worth worrying about a $ .15 spread? To me it is not, but it is a free world and we all have our ways of playing this game.

PS: It is also not a mistake why I play what I play, they all have volume, (except maybe PCLN), and their spreads are small when compared to many of the others. Secondly, I do NOT play the penny options, stocks less than $ 50.00. But one thing I do pay attention to is the delta, I like to try to buy options that have a .35 delta or greater. But come Friday I am usually ITM or one strike OTM only.



SteveH View Post
I've never looked at weekly options before. I brought up the June AAPL weekly and there's 0.10-0.15 bid/ask spreads while PCLN has 0.40-0.70 bid/ask spreads. [Interactive Brokers quotes]

How are you managing the entries/exits with such large spreads? Are you limit buying on the ask and limit selling on the bid to ensure a fill, thus losing the spread on both entry and exit or are you doing some kind of combination like hit the middle of the spread with a limit on the entry and then take the full hit on the spread when you exit? [Even if you entered a limit buy on a long at the bid, it probably wouldn't get filled until that price hit the middle of the bid/ask range]

For example, you mentioned a 50 contract order earlier on in the journal. On AAPL, that could be a potential $1500 slippage just to get in and out of the trade. So, if you're taking a $1 stop loss, that could wind up being a $1.30 loss with slippage factored in. Right?

Just seems to me that you can run into situations with these weekly options where you get stuck on the exit with partial fills (at your level of the game) and gains can erode quickly, considering those spreads.


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 Vikings1 
Minneapolis, MN, USA
 
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Hi TL,

Those studies are not related to the Squeeze, they are something else. All my indicators have been shrunk down to three indicators over this weekend thanks to something I stumbled across this weekend when programming my autotrader in Ninja. Something that was in front of my nose for a long time, but I could see it through the trees so to speak until I ran into a programming issue with Ninja.

I play the futures on CL, ES, and now TF, but the weeklies on USO can be a great alternative for CL if you don't have a futures account.

V


Tradelog View Post
Hi V!

I have just been reading your thread and in line with remarks from others, superb stuff, thanks for sharing and posting your trades!

Looking at your charts I am a bit lost however on what lines are on your charts...even though I am trying hard to interpret would you mind texting up on one upcoming chart apart from the EMAs which line is which? This would be much appreciated!

I assume the A and B studies are the Squeeze related A and B waves or are they something else?

Also for CL you are trading the futures market and not the options on CL am I right?

Best

TL


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 Vikings1 
Minneapolis, MN, USA
 
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Ranges for today are as follows:

AAPL $ .79, AMZN $ .38, BIDU $ .28, GOOG $ .92, NFLX $ .21, PCLN $ 1.30, SPY $ .16, IWM $ .11, QQQ $ .08, /CL $ .13(conservative), $ .06(fast, what I will be using), /ES $ 1.00, /TF $ .70, and finally EUR/USD $ .0008.

Good luck today.... CL already has had a nice 62 tick winner to start the day off..

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 Vikings1 
Minneapolis, MN, USA
 
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Back to playing the weeklies today, no support today from the wife. Therefore, I played the AAPL, AMZN, BIDU and GOOG weeklies today. PCLN had a nice move in it as well, but trading these 4 plus TF & CL I had my hands full.

Charts are posted for the various weeklies.

Oil was better today than yesterday, but still choppy and I am sure it will continue this way until this EU summit is over. 11-10 on the/CL but finished plus 264 ticks.

Summary for oil; I started and went up +62 ticks again but then quickly fell to -90 ticks but next play was a winner for 78 ticks and then I bounced around until my 12th trade. After that I climbed consistently to finish at + 264 ticks. (still playing 4 contracts, ˝ off at +13 and trailing the rest until stop out.)

TF unlike yesterday was tuff for me today. I traded TF 9 times today (4-5) and finished the day at + 64 ticks. Best trade +96 ticks, worst trade -60 ticks.

Next two days will be devoted more towards the weeklies than the futures. That said, my autotrading is 75% complete, and is fast becoming a great asset for me. tt now can get me into all trades and take the 1st target off for me as well. Still fine tuning the final trail/exit but soon I will be able to let this baby fly by itself

















Have a great day tomorrow.

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 Vikings1 
Minneapolis, MN, USA
 
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Ranges for tomorrow are as follows:

AAPL $ .65, AMZN $ .35, BIDU $ .26, GOOG $ .85, NFLX $ .20, PCLN $ 1.22, SPY $ .16, IWM $ .11, QQQ $ .08, /CL $ .12 (conservative), $ .06(fast, what I will be using), /ES $ 1.00, /TF $ .60, and finally EUR/USD $ .0007.

Some big drops from today, just more proof things are getting tight into this damm EU Summit, that will solve nothing.....

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 Vikings1 
Minneapolis, MN, USA
 
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Well it is official now "Welcome to USSA"..."United Socialist States of America"....a VERY VERY sad day for this country!!

Watchout McDonalds, Burger King, Pizza shops, ice cream makers, and anyone who manufacturers fatty foods you are all in the crosshairs NOW..... I know I am in the sights of these people, as they hate success in any form, except of course if it's Socialism, oops I meant to say "The Progressive Movement"...

Fantastic day already profit wise, but I trade with an extremely heavy heart and wonder why I even try. I should join the masses with my hand out and mouth open, like the idiots in New Orleans during Katrina....

Get ready for round two sell when the "Anointed One" calms us with his great words of wisdom....

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 SeeTrader 
Missouri
 
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Vikings1 View Post
Well it is official now "Welcome to USSA"..."United Socialist States of America"....a VERY VERY sad day for this country!!

Watchout McDonalds, Burger King, Pizza shops, ice cream makers, and anyone who manufacturers fatty foods you are all in the crosshairs NOW..... I know I am in the sights of these people, as they hate success in any form, except of course if it's Socialism, oops I meant to say "The Progressive Movement"...

Fantastic day already profit wise, but I trade with an extremely heavy heart and wonder why I even try. I should join the masses with my hand out and mouth open, like the idiots in New Orleans during Katrina....

Get ready for round two sell when the "Anointed One" calms us with his great words of wisdom....



 
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SteveH
Orlando, Florida, USA
 
 
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Just to summarize my understanding of how you trade the options, you enter based solely on the signal generated by the stock price chart and pay the full spread to get in and out. That's fine. I just wanted to understand exactly what you do.

To summarize your system, until the past day or so, it used to be 6 rules to enter a trade where 4 out of the 6 were reproducible by anyone of the forum followers here. However, the "A" and "B" studies have remained undisclosed. Now, the 6 have been reduced to 3. Either way, what they have in common is that the entry is 100% mechanical as well as the half-off portion, but, you're confident that the trailing stop part to exit the 2nd half is doable also (I agree).

I think this journal has been a personal enlightenment for you because where there once were 6 entry rules, now there are 3 with the same apparent level of success rate (good job!). It has relieved you of some burden/stress in your trading. To the reader, it has at least served as an example of how sticking with a positive edge works over many trades.

Just to get this out in the open now, we may as well mention the 800 lb. gorilla in the room:

Your system is proprietary. Without full disclosure of your entry rules, neither a beginner, intermediate or even another master trader (such as yourself) can trade what you're successfuly demonstrating day-in and day-out. Thousands of pics can follow this post and it will remain improbable for others to replicate.

All that is fine. It is your system and your call to make. I just wanted to get a "you are here" view of the map and state the obvious in case anyone has missed it.

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 narenthiranps 
Indianapolis
 
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Hi Vikings,

I'm a new member to this forum. I'm interested in trading Weekly options and very much impressed with your setup.

Would you mind sharing the exact setup and code information?

I've lost tons of money and really frustrated.

Any help in this regard would be very much appreciated.

Regards.

 
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 Big Mike 
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I have asked Mike (@Vikings1) to do a futures.io (formerly BMT) webinar on Options sometime towards the end of July or early August. He has agreed, so I know everyone can look forward to that presentation.

Once a more specific date is set, I'll be sure to let everyone know.

I want to thank @Vikings1 for his thread and his time as a presenter.

Mike

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 Vikings1 
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Your are right it is all BS... Never mind the charts, the live calls to some members in here via Skype and why I am down to three indicators as I have already told that story earlier this week and how they came to be.

Good luck!

Keep looking for that magic eight ball!!




SteveH View Post
Just to summarize my understanding of how you trade the options, you enter based solely on the signal generated by the stock price chart and pay the full spread to get in and out. That's fine. I just wanted to understand exactly what you do.

To summarize your system, until the past day or so, it used to be 6 rules to enter a trade where 4 out of the 6 were reproducible by anyone of the forum followers here. However, the "A" and "B" studies have remained undisclosed. Now, the 6 have been reduced to 3. Either way, what they have in common is that the entry is 100% mechanical as well as the half-off portion, but, you're confident that the trailing stop part to exit the 2nd half is doable also (I agree).

I think this journal has been a personal enlightenment for you because where there once were 6 entry rules, now there are 3 with the same apparent level of success rate (good job!). It has relieved you of some burden/stress in your trading. To the reader, it has at least served as an example of how sticking with a positive edge works over many trades.

Just to get this out in the open now, we may as well mention the 800 lb. gorilla in the room:

Your system is proprietary. Without full disclosure of your entry rules, neither a beginner, intermediate or even another master trader (such as yourself) can trade what you're successfuly demonstrating day-in and day-out. Thousands of pics can follow this post and it will remain improbable for others to replicate.

All that is fine. It is your system and your call to make. I just wanted to get a "you are here" view of the map and state the obvious in case anyone has missed it.


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  #141 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
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Go to Steve he has all the answers...


narenthiranps View Post
Hi Vikings,

I'm a new member to this forum. I'm interested in trading Weekly options and very much impressed with your setup.

Would you mind sharing the exact setup and code information?

I've lost tons of money and really frustrated.

Any help in this regard would be very much appreciated.

Regards.


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  #142 (permalink)
 Vikings1 
Minneapolis, MN, USA
 
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Hi Mike,

I appreciate the effort, but I guess your members are up to speed and SteveH has all the answers. I'll just stick with my little group...

I am going to have to pass on that invite....

Obviously, there is also no need to further post in my journal as it is all BS.............One of your members made 200 ticks today on oil on my BS set-up, but of course a blind monkey could have today!

Oh well....

Mike (Vikings1)


Big Mike View Post
I have asked Mike (@Vikings1) to do a futures.io (formerly BMT) webinar on Options sometime towards the end of July or early August. He has agreed, so I know everyone can look forward to that presentation.

Once a more specific date is set, I'll be sure to let everyone know.

I want to thank @Vikings1 for his thread and his time as a presenter.

Mike


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 Big Mike 
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Manta, Ecuador
 
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Vikings1 View Post
I am going to have to pass on that invite....

Very well.

Mike

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 David_R 
San Jose, Ca
 
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Vikings1 View Post
Hi Mike,

I appreciate the effort, but I guess your members are up to speed and SteveH has all the answers. I'll just stick with my little group...

I am going to have to pass on that invite....

Obviously, there is also no need to further post in my journal as it is all BS.............One of your members made 200 ticks today on oil on my BS set-up, but of course a blind monkey could have today!

Oh well....

Mike (Vikings1)


I'm interested in knowing how to use options to trade instead of futures. I'm curious how you decide which strike price etc. please reconsider and concentrate on the ones that want to learn and are supportive and not the negative ones.

David

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 Vikings1 
Minneapolis, MN, USA
 
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David,

My first question is why options versus futures. Futures have a huge advantage over weeklies. They have no boardrooms or idiots in their company making 9 billion dollar trading mistakes; I wonder what his charts looked like?? LOL

Secondly, weeklies are big boy territory and your set-ups and rules better be very good prior to entering them or you will get your lunch handed to you. What option you buy, or how you buy it is irrelevent, the set-up and your trading rules are.

As for me I look for weekly options that have a delta greater than .35, and God forgive me, I buy simple calls & puts at MARKET. I let my set-ups tell me when to get in and out of a trade, not the spread or option price and yet somehow I make money doing that. Today's charts were impressive...all the weeklies had some great plays not to mention TF & my biggest day ever on oil.

PS: All the other option plays like verticles, condors, and butterflies and such are there for suckers who have no clue where the stock might go and thus they have to buy protection, of course in my opinion.
Mike



David_R View Post
I'm interested in knowing how to use options to trade instead of futures. I'm curious how you decide which strike price etc. please reconsider and concentrate on the ones that want to learn and are supportive and not the negative ones.

David


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 David_R 
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Vikings1 View Post
David,

My first question is why options versus futures. Futures have a huge advantage over weeklies. They have no boardrooms or idiots in their company making 9 billion dollar trading mistakes; I wonder what his charts looked like?? LOL

Secondly, weeklies are big boy territory and your set-ups and rules better be very good prior to entering them or you will get your lunch handed to you. What option you buy, or how you buy it is irrelevent, the set-up and your trading rules are.

As for me I look for weekly options that have a delta greater than .35, and God forgive me, I buy simple calls & puts at MARKET. I let my set-ups tell me when to get in and out of a trade, not the spread or option price and yet somehow I make money doing that. Today's charts were impressive...all the weeklies had some great plays not to mention TF & my biggest day ever on oil.

PS: All the other option plays like verticles, condors, and butterflies and such are there for suckers who have no clue where the stock might go and thus they have to buy protection, of course in my opinion.
Mike


Mike,

I guess I was making the assumption that options were less risky, or at least minimized the risk by the amount of the option.

Why did you decide on a delta of 35 or greater. I've read where some suggest 70 or greater. All those option plays are way too complicated for me to understand. I thought the virticle spreads made sense because you can still have a bias, but limit the risk. Not true?

When you trade oil or TF are you trying the futures or the option on them?

D

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 Vikings1 
Minneapolis, MN, USA
 
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.70 conservative, less volitale, .35 more risk and thus potentially greater reward.

As far as options on Futures, I would just go with the weeklies on SPY, QQQ, IWM, USO. I play the futures straight up, no options.


David_R View Post
Mike,

I guess I was making the assumption that options were less risky, or at least minimized the risk by the amount of the option.

Why did you decide on a delta of 35 or greater. I've read where some suggest 70 or greater. All those option plays are way too complicated for me to understand. I thought the virticle spreads made sense because you can still have a bias, but limit the risk. Not true?

When you trade oil or TF are you trying the futures or the option on them?

D


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Allistah
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I've been selling weekly vertical spreads since March and I usually do about 6-10 of them every week. I do that many to help average things out. I usually have a couple that go south on me but overall I'm profitable so far. I usually sell the ATM strike and aim for $5 spreads between the long and short strike. I like to get $1.40 or more. If it goes sideways on me I'm ok for the most part. I have only a handful of stocks that give decent enough credits though. I don't do this on just any option.

I think there is a trading vehicle for every type of person. I think none of them are right or wrong in general but I do believe that some strategies are wrong for certain people and even horrible for some. Others are excellent for some and horrible for others. Just my opinion of course..

-Alli

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 Vikings1 
Minneapolis, MN, USA
 
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Hi Alli,

Very true, there is always more than one way to skin a Cat and what I do works for me and what you do works for you. In the long run, that is all that matters.

Have a great weekend.

V


Allistah View Post
I've been selling weekly vertical spreads since March and I usually do about 6-10 of them every week. I do that many to help average things out. I usually have a couple that go south on me but overall I'm profitable so far. I usually sell the ATM strike and aim for $5 spreads between the long and short strike. I like to get $1.40 or more. If it goes sideways on me I'm ok for the most part. I have only a handful of stocks that give decent enough credits though. I don't do this on just any option.

I think there is a trading vehicle for every type of person. I think none of them are right or wrong in general but I do believe that some strategies are wrong for certain people and even horrible for some. Others are excellent for some and horrible for others. Just my opinion of course..

-Alli


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 fminus 
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SteveH View Post
Just to summarize my understanding of how you trade the options, you enter based solely on the signal generated by the stock price chart and pay the full spread to get in and out. That's fine. I just wanted to understand exactly what you do.

To summarize your system, until the past day or so, it used to be 6 rules to enter a trade where 4 out of the 6 were reproducible by anyone of the forum followers here. However, the "A" and "B" studies have remained undisclosed. Now, the 6 have been reduced to 3. Either way, what they have in common is that the entry is 100% mechanical as well as the half-off portion, but, you're confident that the trailing stop part to exit the 2nd half is doable also (I agree).

I think this journal has been a personal enlightenment for you because where there once were 6 entry rules, now there are 3 with the same apparent level of success rate (good job!). It has relieved you of some burden/stress in your trading. To the reader, it has at least served as an example of how sticking with a positive edge works over many trades.

Just to get this out in the open now, we may as well mention the 800 lb. gorilla in the room:

Your system is proprietary. Without full disclosure of your entry rules, neither a beginner, intermediate or even another master trader (such as yourself) can trade what you're successfuly demonstrating day-in and day-out. Thousands of pics can follow this post and it will remain improbable for others to replicate.

All that is fine. It is your system and your call to make. I just wanted to get a "you are here" view of the map and state the obvious in case anyone has missed it.


@SteveH,

Take this with a grain of salt because after all I am just a struggling trader, but it doesn't really matter what the exact settings of his (@Vikings1) methods or indicators are. If you really study his charts and look at what he's doing he's using his indicators in confirming or keeping him out of false moves (stacking the odds in his favor).

For myself I have taken some of his trading concepts (that have been told and retold by countless traders in forums and in seminars) and have implemented a trading strategy in sim and it's starting to come together for me. There are some parts to his system that I don't completely understand but I found that in trying to understand what Vikings1 has been doing, I'm figuring a bit about myself in the process.

No system handed to you on a silver platter with all the indicators and all the settings are going to make you a master trader if you don't know why you're doing what you're doing (from personal experience of going through countless numbers of systems). Discovery is part of the learning process and possibly one of the best ways to learn as it sticks in the mind better than having to take someone else's word that a system/method/indicator works. It is apparent that Vikings1 has mastered his system, he knows what he's doing, and willing to post some screenshots on futures.io (formerly BMT) to shed some insight on how someone makes money in this brutal game.

I would love to see a webinar on trading weekly options and got really excited when BigMike posted that he would be presenting something; only to find my excitement crushed. Please Vikings1 do share on a webinar or at least just show me.

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 fminus 
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Mike (Vikings1),

2 questions:

In a previous thread you were outlining the ranges for AAPL, BIDU, and other weeklies, how do you calculate this? I opened up a chart of these in the 5 min and added an ATR to see what the range is, but without having to do some serious excel spreadsheeting, not sure how you derived these ranges. Do you hand calculate it?

You mentioned in a previous thread that you switched are switching to NT7, but chart trading options or quick entry with options aren't supported. These weekly options move pretty damn fast and was wondering if you already set which option strikes you're going to play for that day and have a hot button somewhere, or do you just go find the strike you want when the time comes?

Thanks.

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 Vikings1 
Minneapolis, MN, USA
 
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Fminus,

Send me a private e-mail and we can talk about it.

V


fminus View Post
@SteveH,

Take this with a grain of salt because after all I am just a struggling trader, but it doesn't really matter what the exact settings of his (@Vikings1) methods or indicators are. If you really study his charts and look at what he's doing he's using his indicators in confirming or keeping him out of false moves (stacking the odds in his favor).

For myself I have taken some of his trading concepts (that have been told and retold by countless traders in forums and in seminars) and have implemented a trading strategy in sim and it's starting to come together for me. There are some parts to his system that I don't completely understand but I found that in trying to understand what Vikings1 has been doing, I'm figuring a bit about myself in the process.

No system handed to you on a silver platter with all the indicators and all the settings are going to make you a master trader if you don't know why you're doing what you're doing (from personal experience of going through countless numbers of systems). Discovery is part of the learning process and possibly one of the best ways to learn as it sticks in the mind better than having to take someone else's word that a system/method/indicator works. It is apparent that Vikings1 has mastered his system, he knows what he's doing, and willing to post some screenshots on futures.io (formerly BMT) to shed some insight on how someone makes money in this brutal game.

I would love to see a webinar on trading weekly options and got really excited when BigMike posted that he would be presenting something; only to find my excitement crushed. Please Vikings1 do share on a webinar or at least just show me.


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 Vikings1 
Minneapolis, MN, USA
 
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First pull up a daily chart of whatever you are interested in trading. Pull a ("7"-interval) ATR on that daily chart. Next take that ATR number and multiply it by .08 (conversative interval). Do this on a DAILY basis as your range needs to be dynamic, or it will become useless, IMO.

Example AAPL's current 7-interval on the daily chart was $ 8.3714. Therefore the range I am using for today is $ 8.3714 * .08 = $ .67

As far as Futures go you can use 8%, 5%, or 2.5% (like I use on oil) of the Daily ATR. This all depends on your style of play, conservative to very aggressive. I like to be very aggressive on Oil.

Note: Make sure you round up/down to what the tick values are of the futures you trade, like ES is .25, CL $ .01 and so on. On stocks just round to the nearest $ .01.

I only trade futures on Ninja, options are done on E-Trade. Since I only play certain weeklies I already have a very good idea what I will be playing that day, but can change depending on how much movement we get out of the stock that day. They can be very dynamic, just like my range bars.

Tip: On Fridays, weeklies love to settle on strikes.....


fminus View Post
Mike (Vikings1),

2 questions:

In a previous thread you were outlining the ranges for AAPL, BIDU, and other weeklies, how do you calculate this? I opened up a chart of these in the 5 min and added an ATR to see what the range is, but without having to do some serious excel spreadsheeting, not sure how you derived these ranges. Do you hand calculate it?

You mentioned in a previous thread that you switched are switching to NT7, but chart trading options or quick entry with options aren't supported. These weekly options move pretty damn fast and was wondering if you already set which option strikes you're going to play for that day and have a hot button somewhere, or do you just go find the strike you want when the time comes?

Thanks.


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 Vikings1 
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Let's see if it settles right here for the day....makes sense a $ 580 strike, plus a very strong past month 78.6% fib....I know I am out....but it really hurt to give up that "full" $ .10 spread

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 Vikings1 
Minneapolis, MN, USA
 
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All is well in the world again.

No more future charts or comments...just stock charts and areas that should have been bought...












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 Vikings1 
Minneapolis, MN, USA
 
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Ranges for Monday are as follows:

AAPL $ .74, AMZN $ .43, BIDU $ .30, GOOG $ .92, NFLX $ .18, PCLN $ 1.40,
SPY $ .18, IWM $ .12, QQQ $ .10, USO $ .09, GLD $ .21.

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 Vikings1 
Minneapolis, MN, USA
 
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Narenthiranps,

I apologize for venting on you, you didn't deserve that.

Please send me a pic of your charts and what you are trying to do with them and I'll be happy to give you my two cents of what I do and what I am looking for.

Have a great weekend.

V


narenthiranps View Post
Hi Vikings,

I'm a new member to this forum. I'm interested in trading Weekly options and very much impressed with your setup.

Would you mind sharing the exact setup and code information?

I've lost tons of money and really frustrated.

Any help in this regard would be very much appreciated.

Regards.


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 mongoose 
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Vikings1 View Post
Hi Mike,

I appreciate the effort, but I guess your members are up to speed and SteveH has all the answers. I'll just stick with my little group...

I am going to have to pass on that invite....

Obviously, there is also no need to further post in my journal as it is all BS.............One of your members made 200 ticks today on oil on my BS set-up, but of course a blind monkey could have today!

Oh well....

Mike (Vikings1)

Sorry to hear this, was looking forward to this webinar, as I have enjoyed your journal thus far. Just know not all members here are the same. Good luck in the future and I hope you and your wife continue to be successful, I think it is so cool you are able to do this as a family.

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 Vikings1 
Minneapolis, MN, USA
 
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Thank you Mongoose,

I will be rolling out a different format tonight. No more comments, as I will leave that up to the experts. I will be posting a stock or future in a weekly, daily, and hourly print. The charts will speak for themselves and this will allow the experts to decide how they want to play them be it monthly, or weekly options and in whatever format they want to use with those options.

Secondly, I will be happy to post other people's stock requests if they want to see what that stock looks like using my set-up, (limit one a day).

Anyhow, take care and I wish you well.

V


mongoose View Post
Sorry to hear this, was looking forward to this webinar, as I have enjoyed your journal thus far. Just know not all members here are the same. Good luck in the future and I hope you and your wife continue to be successful, I think it is so cool you are able to do this as a family.


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 Vikings1 
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Here is an example of the new format that shouldn't be offensive to anyone. No more comments or day's results as I have learned my lesson I'll just post these types of charts of everything I am interested in trading. I will mark up potential buy/sell areas and leave it up to you to decide how to trade them.

Secondly, if you have a stock, or future you are interested in send me a note and I will print a similar chart for it. Please limit one stock per day.

Have a great Sunday.








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 Vikings1 
Minneapolis, MN, USA
 
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Have fun tomorrow...
















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 Vikings1 
Minneapolis, MN, USA
 
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 Vikings1 
Minneapolis, MN, USA
 
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Fun day today...

Looking forward to the 4th followed by my favorite two days of the week




















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 Vikings1 
Minneapolis, MN, USA
 
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Ranges for today are as follows:

AAPL $ .73, AMZN $ .40, BIDU $ .29, GOOG $ .81, NFLX $ .17, PCLN $ 1.35,
SPY $ .10, IWM $ .07, QQQ $ .05, /CL $ .16 (conservative), $ .08 (fast), /Tf $ .70, /ES $ 1.00

Oil breakout to much higer levels? If so, options on USO could be very profitable..

Have a great 4th




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 Vikings1 
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A very good day.

Look at my charts from yesterday and compare them to today's and you will see all the longer term triggers that fired!

I am holding 1/2 of my option positions over until Thursday in AAPL, GOOG, & PCLN. Sweet oil was very sweet today.

Have a great 4th.....
























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 mgtrader 
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Great thread Viking1.

One question: When you day trade weekly options, are you subject to the pattern day trader rules for stocks, i.e. minimum $25K account?

 
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 timefreedom 
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mgtrader View Post
Great thread Viking1.

One question: When you day trade weekly options, are you subject to the pattern day trader rules for stocks, i.e. minimum $25K account?

Yes.

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 Vikings1 
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After further review you may need the $ 25K, but check with your broker, as I have heard of traders just starting out being able to make simple buys of calls and puts and them being consider as cash plays.

Sorry but it has been a while since I have been there and thus I am not up on the rules or changes to those rules.


mgtrader View Post
Great thread Viking1.

One question: When you day trade weekly options, are you subject to the pattern day trader rules for stocks, i.e. minimum $25K account?


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 Vikings1 
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Last two days of this week should be fun...
























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 Vikings1 
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Ranges for Thursday:

AAPL $ .74, AMZN $ .38, BIDU $ .30, GOOG $ .86, NFLX $ .20, PCLN $ 1.38,
SPY $ .09, IWM $ .07, QQQ $ .05, /CL $ .16 (conservative), $ .08 (fast), /Tf $ .70, /ES $ 1.00

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 grausch 
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mgtrader View Post
Great thread Viking1.

One question: When you day trade weekly options, are you subject to the pattern day trader rules for stocks, i.e. minimum $25K account?

I think it depends whether it is a margin account you are trading from. If you are trading from a margin account, then the PDT rules apply to the account.

On the other hand, if you are trading from a cash account, I don't think the PDT rules can apply. However, I would still check with your broker, and if it present a problem, just check with another broker to get a 2nd opinion.

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 timefreedom 
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grausch View Post
I think it depends whether it is a margin account you are trading from. If you are trading from a margin account, then the PDT rules apply to the account.

On the other hand, if you are trading from a cash account, I don't think the PDT rules can apply. However, I would still check with your broker, and if it present a problem, just check with another broker to get a 2nd opinion.

If you buy an option and sell an option during the same trading session, it's a day trade and day trader margin requirements should be enforced - unless your broker is willing to break the rules - in which case, I would change brokers. Good luck.

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 grausch 
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timefreedom View Post
If you buy an option and sell an option during the same trading session, it's a day trade and day trader margin requirements should be enforced - unless your broker is willing to break the rules - in which case, I would change brokers. Good luck.

Did some more research and found this:

FINRA - Day Trading Margin Requirements: Know the Rules

Quoted from the above link:

"Does this rule change apply to cash accounts?

Day trading in a cash account is generally prohibited. Day trades can occur in a cash account only to the extent the trades do not violate the free-riding prohibition of Federal Reserve Board's Regulation T. In general, failing to pay for a security before you sell the security in a cash account violates the free-riding prohibition. If you free-ride, your broker is required to place a 90-day freeze on the account."

I assumed that PDT rules only apply to margin accounts, but I guess I was wrong. Thought that was the way my broker handled it, but couldn't find anything to substantiate this.

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 Vikings1 
Minneapolis, MN, USA
 
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Thanks: 26 given, 409 received

Market was flat but these weekly options weren't. A very good day especially on them. A lot of Tuesday targets were hit and off they ran. (AAPL, BIDU, GOOG, NFLX, PCLN).

Not a bad day on oil either.

PS: A Big shot out to "Edge", he is a fantastic Ninja programmer!

Have a great day tomorrow.
























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Allistah
Bay Area, CA
 
 
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Hi there...

How do you get those tags to print at the top of your charts for ADX strength? Mind sharing any code for that? I wouldn't mind having some of those at the top of my three charts I use for trading weekly options.. I stay in mine for the entire week though but it would be nice to be able to use that as a better visual when scanning.

Another thing I noticed on the 4th of July was that the ToS spread scanner doesn't scan for weekly options. Also the stock scanner doesn't make use of any code that's half way complicated which is a bummer. :-( So anyways, I'm always looking for stuff to help me find the direction of the stock until the following Friday. Do you have anything that you can share that you'd recommend?

Thanks,

-Allistah

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 Vikings1 
Minneapolis, MN, USA
 
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Platform: ninjatrader, TOS
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Hello Allistah,

TOS's scan, IMO, isn't worth a damm. I see numerous complaints about it and I have totally given up on using it. The scans it returns are almost worthless to me at least.

But in my case, since I only play a limited amount for stocks with weeklies, and futures, I don't need a scanner. Though I trade the weeklies completely different that you do, I like what you are doing and it just shows there are options in options.

Here is my code for the ADX Strength Box: (note: if your stock is not here you will need to add it to the code; secondly you will have to select that stock for every stock you are in manually) (you select your own period length)

PS: I use the ADX Box just to get an overall feel of direction, it in NO ways decides whether I get into a trade or not. My three main indicators do all of that for me.... The other tags are simple "addchartlabels" in my other indicators...

Take care and keep up the great work....

Mike (vikings1)



declare upper;
input symbol = {default "AAPL", "AMZN", "BIDU","GOOG","NFLX","PCLN", "SPY", "USO", "/TF","MA", "/NQ","SINA", "WYNN", "CAT", "GS", "/ES", "EUR/USD", "IWM", "GLD", "SPX", "QQQ", "/DX", "/CL","$ADVN/Q-$DECN/Q", "$UVOL/Q-$DVOL/Q", "LVS"};
input length = 14;
def hiDiff = high(symbol) - high(symbol)[1];
def loDiff = low(symbol)[1] - low(symbol);
def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM = if loDiff > hiDiff and loDiff > 0 then loDiff else 0;
def ATR = WildersAverage(TrueRange(high(symbol), close(symbol), low(symbol)), length);
def "DI+" = 100 * WildersAverage(plusDM, length) / ATR;
def "DI-" = 100 * WildersAverage(minusDM, length) / ATR;
def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;
def ADX = WildersAverage(DX, length);
def BullishCondition = "DI+" > "DI-";
def BearishCondition = "DI-" > "DI+";
def ConditionA = ADX > 0 && ADX < 20;
def ConditionB = ADX > 20 && ADX < 25;
def ConditionC = ADX > 25 && ADX < 50;
def ConditionD = ADX > 50 && ADX < 75;
def ConditionE = ADX > 75 && ADX < 100;
AddChartLabel(yes, concat("ADX: ", concat(
If ConditionA then " Accumulation " else
If ConditionB then " Weak " else
If ConditionC then " Strong " else
If ConditionD then " Very Strong " else
If ConditionE then " Extremely Strong " else
" No Strength ",
If BullishCondition then "Strength" else
If BearishCondition then "Weakness" else
"& No Trend")),
If ConditionA && BullishCondition then color.lime else
If ConditionA && BearishCondition then color.magenta else
If ConditionB && BullishCondition then color.light_green else
If ConditionB && BearishCondition then color.pink else
If ConditionC && BullishCondition then color.green else
If ConditionC && BearishCondition then color.red else
If ConditionD && BullishCondition then color.green else
If ConditionD && BearishCondition then color.dark_red else
If ConditionE && BullishCondition then color.yellow else
If ConditionE && BearishCondition then color.plum else
color.white);
plot null = double.nan;



Allistah View Post
Hi there...

How do you get those tags to print at the top of your charts for ADX strength? Mind sharing any code for that? I wouldn't mind having some of those at the top of my three charts I use for trading weekly options.. I stay in mine for the entire week though but it would be nice to be able to use that as a better visual when scanning.

Another thing I noticed on the 4th of July was that the ToS spread scanner doesn't scan for weekly options. Also the stock scanner doesn't make use of any code that's half way complicated which is a bummer. :-( So anyways, I'm always looking for stuff to help me find the direction of the stock until the following Friday. Do you have anything that you can share that you'd recommend?

Thanks,

-Allistah


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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Allistah,

Here is one of my plays today (AAPL): From my post on the 3rd you could clearly see that AAPL was headed UP with 618 being my next target. I had also mentioned in Tuesday's report I hung onto 1/2 of my position in AAPL and that 1/2 position did very well today. Therefore, when I got a clear opportunity to get into AAPL again, with another position, I was in...

I am out of all positions, as I do not want to be holding anything prior to that jobs report tomorrow.

Again, take care and keep up the great work.

Mike






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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Ranges for today are as follows:

AAPL $ .78, AMZN $ .38, BIDU $ .29, GOOG $ .84, NFLX $ .28, PCLN $ 1.34,
SPY $ .09, IWM $ .07, QQQ $ .05, /CL $ .17 (conservative), $ .08 (fast), /Tf $ .70, /ES $ .75

Take care and have fun....


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 Vikings1 
Minneapolis, MN, USA
 
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Trading: Weekly Options
 
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Some nice plays to start today in the weeklies and then flat. Oil was work, but still productive.

I will post today's action tomorrow, but from here on out I will also be giving some stocks to watch and these can be played with options or out right buys/shorts.

Take care and have a great weekend.


















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 plethora 
Los Angeles, CA
 
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Vikings - thanks for this thread. Although your trade secrets have not been revealed -- and why should they? -- you have been truly inspirational! Thank you.

And for those who have been contemplating their own version of your ADX, consider this:

View Download Details - Big Mike's Trading Forum

 
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  #181 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
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I was trying out the functions mentioned for coming up with the TOS rangebar values based on the percentages suggested: 8%, 5% and 2.5%
Here's a couple of scripts for columns with the values in ThinkOrSwim "Marketwatch" tab. Thanks.

#(for 8% of ATR)

def atrresult = ATRWilder(ATRlength = 7);
def resultp08 = (atrresult * .08);
assignBackgroundColor(if resultp08>1 then color.green else if resultp08<.081 then color.gray else color.current);
plot result = resultp08;
result.assignValueColor(if resultp08>1 or resultp08 <.081 then color.black else color.gray);

#(for 5% and 2.5% of ATR; change .05 to .025 for 2.5%)

def atrresult = ATRWilder(ATRlength = 7);
def resultp = (atrresult * .05);
assignBackgroundColor(if resultp>1 then color.green else if resultp>0 then color.black else color.current);
plot result = resultp;
result.assignValueColor(if resultp>1 then color.black else color.gray);


Attached: .jpg & how to set it up on TOS

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 Vikings1 
Minneapolis, MN, USA
 
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Cloudy,

Very Close to what I am already doing...

Here are some of my codes and pics of my scan:

All green and I am looking for longs, all red and I am looking for shorts.... would/do work very well with "Allistah's" option spreads.

Some of my codes in my scanner:
ATR Code:
declare lower;
input ATRLength = 7;
def ATR = AvgTrueRange(high, close, low, ATRLength);
plot ATR1 = ATR * .08;
ATR1.assignValueColor(if ATR1>0 or ATR1 < 0 then color.white else color.current);

Yesterday High versus Today's Close Code:
declare lower;
input price = close;
def M9 = high(period="day")[1];
plot result = if close > M9 then ((price-M9)/M9) else ((price-M9)/M9);
assignBackgroundColor(if price>M9 then color.green else color.red);
result.assignValueColor(if price>M9 or M9>price then color.black else color.current);

Yesterday Low versus Today's Close Code:
declare lower;
input price = close;
def M9 = low(period="day")[1];
plot result = if close > M9 then ((price-M9)/M9) else ((price-M9)/M9);
assignBackgroundColor(if price>M9 then color.green else color.red);
result.assignValueColor(if price>M9 or M9>price then color.black else color.current);











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 Cloudy 
desert CA
 
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Thanks Vikings! Glad I came somewhat close. Interesting stuff on helping with direction for stocks or options plays, thanks.

note about my script: I put the ATR < certain threshold for a highlight hoping it'll help find stocks which are slowing down into consolidation to find possible candidates for delta-neutral options spread plays such as calendars or strangles. Haven't tested it out yet though.

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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
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Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Over the weekend my wife asked me if I could slow things down for her, but not yet effect the results. Well I think I may have done that for her and for potentially other traders who like to trade at a slower pace.

I am still going to stick with range bars, but this time based off of 1 hour bars instead of daily bars. Since I am a very big FIB guy I am working on a combination of 21 (1 hour bars) calculating the ATR for those 21 bars then I multiply them by a very strong fib retracement number (61.8%) and the results become my 1 hour range bar. The results today were very good; actually impressive.

Just keep giving away all my secrets....LOL Secrets - One Republic with Lyrics ~ Full Song!! - YouTube

Oil too was very good today when I focused on it as I spent a lot of time on this longer range instead today with the weeklies. Wife loves it too, makes her life much easier she says and it does.

Anyhow I am going to keep this short and sweet tonight.










Have fun tomorrow!

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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Experiment a huge success, charts speak for themselves.

Can't get any easier and NO rush either; wife loves it. Now I can devote fulltime to my futures and let her run with the weeklies.

Take care and have a great day tomorrow....

Ranges for tomorrow:

AAPL $ 2.47, AMZN $ 1.04, AXP $ .25, BIDU $ .59, CAT $ .51, FFIV $ .78, GOOG $ 2.12, GS $ .44, JOY $ .48, LNKD $ .96, LULU $ .41, LVS $ .24, MA $ 2.47, NFLX $ 1.01, PCLN $ 3.32, SINA $ .36

/ES $ .75, /TF $ .60, /CL $ .12 (CONSERVATIVE) OR $ .06 (FAST)




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 SeeTrader 
Missouri
 
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Vikings1 View Post
Experiment a huge success, charts speak for themselves.

Can't get any easier and NO rush either; wife loves it. Now I can devote fulltime to my futures and let her run with the weeklies.

Take care and have a great day tomorrow....

Ranges for tomorrow:

AAPL $ 2.47, AMZN $ 1.04, AXP $ .25, BIDU $ .59, CAT $ .51, FFIV $ .78, GOOG $ 2.12, GS $ .44, JOY $ .48, LNKD $ .96, LULU $ .41, LVS $ .24, MA $ 2.47, NFLX $ 1.01, PCLN $ 3.32, SINA $ .36

/ES $ .75, /TF $ .60, /CL $ .12 (CONSERVATIVE) OR $ .06 (FAST)

Attachment 80882

Attachment 80883

I wanna be like you when I grow up!

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 Vikings1 
Minneapolis, MN, USA
 
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Thanks SeeT!

But remember to be VERY careful of those spreads....LOL


SeeTrader View Post
I wanna be like you when I grow up!


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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
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Do not do Java updates prior to the open.

Some very nice trades today, but I couldn't get into my trading platforms because of the Java update I took this morning. I even got locked up in TOS (which happens all the time anyway). Finally got in around 1:00 CST and got a nice trade on AAPL but that was the extent of my trading today.

Take care and have a great day tomorrow...










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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Ranges for tomorrow:

AAPL $ 2.76, AMZN $ 1.22, AXP $ .28, BIDU $ .64, CAT $ .51, FFIV $ .71, GOOG $ 2.48, GS $ .43, JOY $ .49, LNKD $ 1.00, LULU $ .50, LVS $ .26, MA $ 2.63, NFLX $ .95, PCLN $ 4.09, SINA $ .39

/ES $ .75, /TF $ .60, /CL $ .10 (CONSERVATIVE) OR $ .05 (FAST)

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 Vikings1 
Minneapolis, MN, USA
 
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IMO, down, but it really doesn't matter I will go wherever it wants to go. (Earnings have been sucking huge, so?)

Levels to watch on SPX:

Down:
1333.20 1st
1326.19 2nd (then hang on)

Up:
1362.93 (printing presses have fired up)


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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
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Congrats to those who used my set-ups today.

Here are the ranges to use tomorrow:

AAPL $ 2.95, AMZN $ 1.31, AXP $ .31, BIDU $ .68, CAT $ .56, FFIV $ .85, GOOG $ 2.55, GS $ .43, JOY $ .49, LNKD $ .92, LULU $ .54, LVS $ .29, MA $ 2.08, NFLX $ .90, PCLN $ 4.34, SINA $ .48, WYNN $ .70

/ES $ .75, /TF $ .60, /CL $ .11 (CONSERVATIVE) OR $ .05 (FAST)

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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Despite what some say, trading doesn't need to be complex and difficult......

PS: For those that follow me, I was able to get around some issues TOS has with certain alerts on range charts and able to print a (multi-parameter) vertical buy/short line with a background change; (I'll post it in Skype). This makes it easier for my wife, and I, to watch 24 stocks and get a heads up that an entry point maybe close on their weekly options. Comes in handy as I am fairly busy trading the CL, ES, TF futures.

Tip of the Day:

Remember we must be very very very careful of those bid/ask spreads on weekly options. Best thing to do is to worry about that spread, as it is a great excuse not to get into a trade. Later we can shake our head as we watch those weekly options double, triple, or more. But next time I will get in, I promise. LOL!!

Have a great weekend.

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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received










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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Here are the ranges to use tomorrow:

AAPL $ 1.39, AMZN $ .68, AXP $ .14, BIDU $ .42, CAT $ .32, FFIV $ .55, GOOG $ 1.47, GS $ .29, JOY $ .32, LNKD $ .53, LULU $ .29, LVS $ .16, MA $ 1.48, NFLX $ .65, PCLN $ 2.17, SINA $ .30, WYNN $ .37

/ES $ .75, /TF $ .60, /CL $ .11 (CONSERVATIVE) OR $ .07 (FAST)

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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received




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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received

Friday was once again fantastic. For those in my group, thank you all the great comments and I am glad you like my little buy/sell indicator...... (with the indicator you could easily trade 20 weeklies from a laptop, just double click on the stock when you get a color change, check it out, if good buy, but be VERY careful of that spread as we all know it is a great excuse NOT to get into a trade )...

Have a great weekend.....................









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CenturyTime
Century City
 
 
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Special salute to Mr Viking. You are the reason I'm a new member of the family.

 
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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Posts: 188 since Sep 2011
Thanks: 26 given, 409 received


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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Thanks: 26 given, 409 received




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 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
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Tomorrow should be fun


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