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Stanford That is very good, but you have to wait 3 weeks for the results. Not me mon! I want instant gratification. ( grin! )

Stanford That is very good, but you have to wait 3 weeks for the results. Not me mon! I want instant gratification. ( grin! )

Stanford Heck! Can't even get a 2080 on the NDX weeklies, which is 520 in the OEX. Wait and see how the day plays out I guess?

Stanford If you are at NDX 2100 that equates to the 525 in the OEX. I'm watching it also as I want to put on an overhead BEAR CALL CREDIT SPREAD late this afternoon, or tomorrow morning. I really wanted the 530 strike, but can't get any premiums there. In fact right now there are no...

Trading Journal Bit early in the day to be making predictions. But I am looking at FRIDAY as being a TOP signal and trend change. All things staying more or less the same.

Trading Journal I don't know what kind of trades you are doing, that the flutter, or noise in market action would make you pee your pants ( grin!) I base my trading on the daily bars. While I do use shorter time frames for entering and exiting, it is the longer time frame that I use for...

Okay here are my three debit spread experiments. 1) Placed with the OEX at 515.63 Oct 520 buy at $7.40, legged into and sold the OCT 525 at $5.50, for a spread of -$1.90 2) Oct 520 buy at $7.00 and sold the Oct 535 @ - $1.65 Spread is - $5.35 3) Oct 515 ITM bought at $9.90 and sold...

I currently think that the bears have ordered today some rib and sirloin steak from the bulls. You are paper trading so it does not matter. -Ha! Ha! Ha! Touche!- Well I can't predict intra-day stuff. I work more on the daily trend. Yes the intra-day did give a top signal. But is not...

Trading Journal I figure we are at least 2 or 3 days away from a TOP. Maybe more days than that. The market is drifting right now. A little down move will not scare me out of anything. I have 3 EXPERIMENTAL DEBIT SPREADS ON NOW THIS MORNING ON SCRATCH PAPER WORKSHEET. 1) 1...

Stanford I nearly succumbed to greed this midday. I wanted to collect .70 cents premium using the 500 or 505 strike. 2% deviation. While I believe it would be okay, finally decided to wait another day and let the dust settle on the market action. I believe we have a pause, or...

Trading Journal Okay I just completed the BULL CALL DEBIT spread. This morning I bought the OEX October 520 at $7.40 The assumptions I had made to experiment with, was that since the regular spread always lands over $3.25 as a spread, and loses no matter what I seem to do. That if I...

Trading Journal and Stanford I'm in trouble mentally. I've been doing so many experimental Debit and Credit spreads I no longer understand what I'm seeing in the premiums. Tell me did I lose or gain on this one? CREDIT Spread October OEX Experiment: Wanted to see how easy it would...

Trading Journal Your comment on the volatility intrigues, but I'm not familiar with the application in this context. The OEX index was at 509. I put by the book standard BUY at 510, which would have been at the money I guess? Then sold the 515 out the money. 510 for 9.90 and the 515...

Stanford Your question on the trend made me take a look at it this morning. I guess I'm expecting the BULL TREND to continue. That said, I will trade as if it will. However there is a caveat. Somewhere in here, I'm expecting a 15 point OEX pullback, which is substantial and can catch...

Stanford I'm enjoying trying to figure out how to make the DEBIT SPREAD work. So far, no luck. But keep reading and thinking of ways to make the darned thing work in some sort of strategy. How to apply it is the problem. I like it mainly for low budget retail traders, because you can...

Stanford I don't know how long the trend will continue. A few days at least. I'm waiting for the signal from the indicators I sent you by private mail to tell me when it is over. Until then it is not over. The trend is obviously tiring though and I think we are getting closer. As to...

That last post should have read "leg into a debit spread to get a decent premium"

Stanford I have the one working weekly credit spread strategy. So I am going to leave it at that. Unless there is some trick, like closing if you gain .40 cents, or .80 cents, or vice versa, closing if you lose .40 cents. Half your credit anyway? When I find out how that works by...

Stanford I was compiling a TRADING LORE type of list for my DEBIT SPREAD trading. In the process I ran across a couple of notes I had made in the past, which I don't know how they work for credit spreads. Maybe by now as the new GURU in credit spreads you can explain these notes to...

Stanford Tell me how it comes out. I'm closing down. Pretty much over now for the expiration week. Going to do some errands and other work.