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Weekly Option Trader
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Weekly Option Trader

  #241 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

This is how I trade weeklies...

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...

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

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  #242 (permalink)
Elite Member
Minneapolis, MN, USA
 
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

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"

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  #243 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

What a day!


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.

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  #244 (permalink)
Elite Member
Minneapolis, MN, USA
 
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Platform: ninjatrader, TOS
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

Yep it went higher

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.

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

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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.

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  #245 (permalink)
Elite Member
Minneapolis, MN, USA
 
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Platform: ninjatrader, TOS
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

Boring day shortly after the open

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!!)

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Have a great weekend!


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

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  #246 (permalink)
Elite Member
Minneapolis, MN, USA
 
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Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

Potential Swing Trades for 12-3-2012

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

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  #247 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
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Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

Some quick review of some potential swing picks

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

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  #248 (permalink)
Trading Apprentice
dallas texas
 
Futures Experience: Beginner
Platform: scottrader
Favorite Futures: stocks
 
Posts: 2 since Aug 2012
Thanks: 0 given, 2 received

great journal

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.

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  #249 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

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.


 
  #250 (permalink)
Elite Member
Minneapolis, MN, USA
 
Futures Experience: Master
Platform: ninjatrader, TOS
Favorite Futures: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 407 received

Some nice opportunities to start out, flat market now


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...

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