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So in other words, nobody can explain this discrepancy lol...ok If I bought shares @ 16.90 and sold @16.99 I pnl $135. If I sell a call when price is 16.90, and then close the call and sell my shares I get ($300 + $135) If I let the shares get taken away I only pnl $300.

Lol. What channel? You had no idea the 19150 level was going to act as support until AFTER the fact. These are all of the adjustments you would have to make along the way before ending up with your channel. By the time you got the bounce from 19150, and you confirmed it as a bounce, it...

Well the "straight forward arithmetic" don't add up. That is the commentary lol... As of the close yesterday. Premium received $1,035.00 Cost to close short call & keep stock $735.00 Net $300.00 Stock gains since opening the position $135.00 (16.99-16.90=.09)*1500 Pnl if I close the...

Jibberish.

Come on guys...why would housing prices crash when interest rates start dropping? The housing market is no different than the stock market. :) https://www.investopedia.com/investing/how-interest-rates-affect-stock-market/ https://www.investopedia.com/mortgage/mortgage-rates/housing-market/

Peak housing? They've come sound close to 50-100k since the pre rate hike. Granted we were coming off a hot market. The housing market if it was going to crash would have crashed within 15 months of the first rate hike. Not at the pivot point. If you don't buy a house now, you're probably going...

So you don't understand it either apparently.

I think I make a good point with this whole attitude around here about not sharing trades. Unless there is a forum that I'm not aware of? Collaboration is the key to success... talk to any professional trader. And I don't want to hear the same excuse that you don't want to give away your...

Scat doesn't post live trades because he can only draw the lines in after the fact. :) As far as I know I am the only one who shares trades before I take them, and the TA before it develops. You all should learn to share too because collaboration will help you reach higher levels...and I...

Yeah he's smart enough to piggy back my trades. I hate to break it to you but S&R levels don't even exist...the are all just part of a large EW pattern. Sometimes they may line up temporarily but so does a broken clock twice a day. :)

You of all people poopy falling for this shoddy TA? :) Check out my latest trade! https://www.elitetrader.com/et/threads/spreads-versus-butterfly.380629/page-11#post-6014469

This is what you guys are doing lol...

It didn't bounce six times. You had a double top, a long drawdown and then a retest or triple top..... which probably fails 50% of the time...either by not retesting or breaking out. You should brush up on your Brooks.

You are trying to make an arbitrary line make sense after the fact...anybody can do that. You need to know the levels BEFORE they happen. :)

The first test if 19700 was a brand new level...the second test confirmed a double top, and then the final 3rd test.

Lol that level only revealed itself at the end of the pattern. Picking 19900 or 19800 would have been valid prior.

Same problem. It is completely arbitrary. You could have placed it at each level here and each time it either failed to hold or failed to retest.

Let's break this down into real time. :) Where are the support/resistance lines going? Where is the support line going? This is probably the earliest you could identify the parameters of the channel. So traders pile on thinking to short the top lol Just to get stopped out for...

Doesn't take ta haters to hate on ta like that. You would have no idea where the bottom line support would have been until the last touch and retrace... So this channel didn't exist until it was over... it didn't really exist before it was over either.

If being right all the time irks people I guess. Anyway, why can't I see the topic post?