Long Only DJX or QQQQ Options

[Option_Trader32]

Hi everyone. I will post my trades in this journal taking long only DJX or QQQQ options positions. I hold trades usually no longer than 4 trading days. My analysis uses Delta Phenomena principals along with Copan's MC1 solution for the S&P. I use a 112 day solution which, although is not a traditional Delta time frame, has no inversions. Although I will mention that I have figured out how to eliminate the inversion problem in Delta, so my analysis has no inversions in them. Good trading to you. Chart post coming up.

 

[50_Bip]

Quote from Option_Trader32:

My analysis uses Delta Phenomena principals along with Copan's MC1 solution for the S&P. I use a 112 day solution which, although is not a traditional Delta time frame, has no inversions.

This doesn't sound complicated enough. You should definately try and make your trading plan more complex, as complex as possible. That is the only path to success.

 

[Option_Trader32]

Here's a DJX chart with the turn points. Looking for a short term low the next day or two.