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OI, notice from the first topping tail 3 days ago (Feb 16), each subsequent candle has a lower close. Typical retracement are -40% to -60% of the total range of the Feb 16 (peak) to Feb 9 (trough) decline of -225 points. That would put the retracement possibilities of 2665 (-40%) to 2620 (-60%)...

You said: "Have a system that works quite well manually,but since recently, as some RSI problem(don`t confuse with the RSI indicator, please.lol) started to develop i can no longer sit and monitor for hours as before. If this recent development is basically in the past few weeks, I would say...

--------------------------------------------------------------------------------------------------------- That simple kind of charting I do was taught to me in Pristine Trading School Seminar's in the late 1990's to early 2000's, and also their live trading rooms. They were the best in my...

----------------------------------------------------------------------------------------------------- Your up to $28,600 from the original $2k account on Nov 14, 2017 and haven't you been drawing some money out now and then? "That is truly amazing! I applaud you."

OI, normally a topping tail into a declining 20dma indicates at least a pause or minor retracement, but this bullish market just loves to defy the normal.

---------------------------------------------------------------------------------------------------------- I agree with the straddle "but only if" 1: the Total Debit of the Call + Put does not equal more than a total of $5.00 and you buy at least 3-4 months time before option expiration...

You are such a good directional trader (one of the best I have seen in 20 years), why do you bother with spreads?

A new potential trader needs to look at trading as a job needing an "extremely high skill set." Nowhere in the job market do people start skilled jobs and professions without a lot of education and training. "Why do new potential traders think they can just read a book, open an account and...

High VIX generates Large Intra-day swings. On the attached VIX chart you can see that the VIX (19) is less than half of its peak value (50) on February 6, 2018.

---------------------------------------------------------------------------------------------------- Long before I started trading options, I was just a normal family guy with a job and a 401k. I always had a concern about why my 401k was up and down. An older friend of mine subscribed to a...

A test of the 40 month moving average (monthly candle time frame), still would not indicate a Bear Market unless the SPX has a monthly closing candle below the 40mma. In the decades that I have been using this chart to move 401k's out of stock indexes when there's a monthly close below the...

------------------------------------------------------------------------------------------------------- Xela, That's a brilliant master class assessment. Should be required reading for every trader with a small account.

---------------------------------------------------------------------------------------------------- Right after he sold everything, he then informed the Plunge Protection Team to stop saving the markets!

--------------------------------------------------------------------------------------------------- I totally agree with you SunTrader! Long Term Buy and Hold Investors do not want volatility. They want their 401k's and IRA's to go up strong and smooth like these past 8-9 years. But actual...

-------------------------------------------------------------------------------------------------------- Signal Date...Option..Prev.Open.High.Low.Close 02-02.*FEB278C 5.85 5.12 5.12 2.40 2.40 2018...*FEB273P 0.70 0.97 2.32 0.88 2.32 Call= 0 / Put= 8 TE=8P-4 (Trading Edge 8 Put Sequence No. 4)...

We appear to possibly be going into a pattern of higher VIX and larger whipsaw days where the Dow can open sharply Down and be positive by the AM Reversal Period (10:15am to 10:45am) and then continue up until the PM Reversal Period (2:15pm to 2:45pm) and finish the day down. The other side...

-------------------------------------------------------------------------------------------------------- schweiz, this is exactly what I was going ask? If he only used 1% ($3k) of his $300k account and could duplicate this trade only 40% of the time and lost 60% of the time the entire -$3k...

------------------------------------------------------------------------------------------------- "The wife won't let me!"

-------------------------------------------------------------------------------------------------------- I could tell you with at least 65% certainty that if the SP500 has a monthly close below its 40 Month Moving Average, a bear market will follow everytime. (see 25 yr chart SP500 & 40 Month...