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I'm fairly new to Technical Analysis and I haven't been able to find many indicators that yet alone function for intraday. Currently I'm been looking at Bollinger Bands and Stochastic. Can someone suggest a book to read, or point me in the right direction?

That is just a coincidence. What if the market had given buy signals in July?

So, at the very least, if credit spreads are out of the question, what should we be trading? If I can recall your posts correctly, it sounds like we shouldn't even get involved in derivatives.

What can you do after a black swan? Say it's 9:30 on September 17th, 2001, is it even possible to short indexes? It seems like it would be hard to set up any bearish position at market open.

Does the IV really change based on expiration? I think in order to optimize you would need to sell the current month and buy the next month once after the volatility crush.

Excuse my ignorance, but please elaborate on this.

Sounds like you think no one can make money unless we cheat.

If you are willing to say "none" of the IC traders profit. Then who does?

Can't you just logically conclude that implied vols are going to be generally rich just due to demand from buyers?

I thought you had a different view based on your previous post. I very much agree with this.

Please explain how this is not true. You are basically saying that if playing blackjack is negative expectancy, dealing must be as well.

I have no idea who that is

Yeah, it seems like we are on the same page. But you say that "In a low vol month, you don't make as much". I've thought the same thing, but that would mean that there is a point when vol is so low, or underpriced that a gamma neutral condor will be negative expectation.

That is a good link. Where are you finding sites that post their trades? My one issue is that it appears vertical spreads profit from decline in options prices. If that is true doesn't that make credit and debit spreads cannot profit from low volatility. Although if they cannot profit from...

So he's is saying he has proof that trading credit spreads will eventually blow up in your face? I doubt that's provable. Every credit spread has an opposite credit spread that offers the same risk/reward disregarding arbitrage opportunities. If they offer the same risk reward, they cannot be...

I've read a lot of that thread and I feel like you made some fundamental errors. The most prevalent argument against, is them being ruined by a black swan. I can't really find a good reason to suggest that the strategy is inherently negative expectation. What does Eudaemon have proof of?

I've heard a lot of people express their discontent with iron condors. What is so bad about them? It seems like they should work out fine as long as you manage your gamma.

Buying when low, and then selling when high to create a vertical doesn't involve and naked puts or calls. Why do you keep bringing them up?

What is horizontal risk? Do you mean the actual cost of the long option?

I don't understand why we would set up a diagonal if we thought that. I think you are saying, that if we think implied volatility is low, we would short the current month, a go long the next month since rising volatility will cause the price of the long to rise. Wouldn't it make more sense to...