

Big Mac Attack
#31
Posted 16 February 2010 - 04:21 PM

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#32
Posted 18 February 2010 - 03:32 PM

Edited by diogenes227, 18 February 2010 - 03:33 PM.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#33
Posted 18 February 2010 - 09:57 PM

#34
Posted 19 February 2010 - 03:04 PM


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#35
Posted 01 March 2010 - 03:49 PM
That's always been a psychological killer for me, mainly because it often entails buying higher.
But there may be a simple solution courtesy of the McClellan Oscillator. If the NYSI is rising and you're out or underloaded and want to get back in, try buying the next low about a low on the NYMO (the NYMO circles and lines on the chart below). We had that signal four trading days ago and again on Friday so today's surge is not all that much of a surprise.
Also, note the VIX (in this case, the Russell Vix RVX) as the market moves sideways (the RVX boxes and lines on the chart below). The VIX often gives the clue to the resolution of a consolidation. In this case, as the TNA below moved sideways for the past three days, the RVX continued down. Again, today's surge might have been anticipated.
Good trading and good stops to everyone.

http://stockcharts.c...1656&r=4514.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#36
Posted 05 March 2010 - 04:38 PM

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#37
Posted 05 March 2010 - 10:09 PM
#38
Posted 07 March 2010 - 02:52 AM
I am long. The NYSI is on a buy signal from Feb 12 with no sign of turning around (that is it to say, the NYMO continues to put in highs above highs and lows above lows).Diogenes,
Last I remember, you took profit on a 4% gain off the lows and
never got back in, am I wrong ?
Are you short? I hope you are not short. This is a Pamplona stampede that is leaving every bear on the street dead.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#39
Posted 16 March 2010 - 04:23 PM



"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#40
Posted 19 March 2010 - 03:06 PM

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."