Divergences
- Thread starter romik
- Start date
Ya, I would sell CAL here @ $27.86, BRDs on weekly are supported by a double top(ish) formation. PT1 @ $21.00; PT2 @ $18.00 or exit @ entry. STOP: $33.00
Good luck Gary. I will add this one to my journal as I simply pick the ones (and there are lots more that I have no time to look for) that I see divergences being present. Thanks for bringing this to my attention Gary.
Good luck Gary. I will add this one to my journal as I simply pick the ones (and there are lots more that I have no time to look for) that I see divergences being present. Thanks for bringing this to my attention Gary.
Hey Romik,
I haven't even looked at the chart with CCI and RSI on there. But after looking at your chart I believe it is downhill now. I actually put in an order to sell the puts when when they reach $3.00 but I think I am going to ride this one a little longer. They should be 3.00 when the stock is about 24.00. I think I can get more out of it and maybe pop 200% on this trade. Thanks for showing it.
Gary
Hello Romik,
Just wanted to let you that this morning my CAL trade was up 50% for the overall trade when the stock shot up this morning. My brother, sensing that we might have problems with it decided to sell half of our puts which got us 3/4 of our original investment back. We are letting the rest ride on it. I don't know why he did this as we still have 9 weeks left on the contracts which would have been plenty of time for either side to become very profitable. But I still have some ITM puts and a whole lot of calls left in this one.
Gary
Just wanted to let you that this morning my CAL trade was up 50% for the overall trade when the stock shot up this morning. My brother, sensing that we might have problems with it decided to sell half of our puts which got us 3/4 of our original investment back. We are letting the rest ride on it. I don't know why he did this as we still have 9 weeks left on the contracts which would have been plenty of time for either side to become very profitable. But I still have some ITM puts and a whole lot of calls left in this one.
Gary
Quote from romik:
SIN06 Silver July 06 future contract
Actually this is a call I made earlier on at the price of $10.20 in the $Silver$ thread.
Current at the time of call: $10.20
PT1: $10.90
PT2: $11.50
PT3: $12.00
Stop: $9.50
BLD "B Class" in MACD HIST on a daily chart attached
NOTE: I have to give credit to another ET member ___B1S2___ from whom I've picked up quite a bit of information regarding divergences. B class divergence is where the 2 lows in the indicator are pretty much at the same level though price has made a lower low or higher high;
I actually do hold SLVs. So I do have some interest in this one
http://www.futuresource.com/charts/...b=CANDLE&st=BOLL(20,2);MACD(12,26,9);RSI(14);
1/4 exited @ $10.50 and completes this trade.
Results based on 8 lot trade and I tried to account for slippage by reducing the amount of points gained.
PT1 70 pts 4 lots +$12,000
PT2 120 pts 2 lots +$12,000
PT3 25 pts 2 lots +2,500
Total gain: +53% ROI