Quote from mekanikal:
I deleted the chart
no need to do that ML..for there is nothing wrong with being wrong..for that is how we learn anything of value..is it not
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
no need to do that ML..for there is nothing wrong with being wrong..for that is how we learn anything of value..is it not
ok ML..firstly..when TO looked at the ES chart this morning..he said to himself..odds are the price will be run up and then drop back..so that will give a good chance to BUY a put when it runs up..not SELL a put ..at a reasonable price..to make a few points after the open
so..TO decided to just do that..with a near option as the trade was only planned for a few hours..not for a few days..and the price that TO decided he would pay..was 7.00 even..after looking at what was happening on the ES option matrix..with 7.00 having a very good chance of being filled..which it was with lmt order
this is the trade with the times..in GMT..u have to adjust for US times
notice what time the trade was closed..on mobile phone app again..btw
damn..TO can't find the stupid chart..will have to search harder
..at a reasonable price..to make a few points after the openso..TO decided to just do that..with a near option as the trade was only planned for a few hours..not for a few days..and the price that TO decided he would pay..was 7.00 even..after looking at what was happening on the ES option matrix..with 7.00 having a very good chance of being filled..which it was with lmt order
this is the trade with the times..in GMT..u have to adjust for US times
notice what time the trade was closed..on mobile phone app again..btw
damn..TO can't find the stupid chart..will have to search harder
while TO is searching for the chart ..how about picking another option trade for tmrw..and let's see what happens..but remember..the trade is a loser until it proves otherwise..so we must place it knowing that it is a loser
..how about picking another option trade for tmrw..and let's see what happens..but remember..the trade is a loser until it proves otherwise..so we must place it knowing that it is a loser
Quote from The Oracle:
ok ML..firstly..when TO looked at the ES chart this morning..he said to himself..odds are the price will be run up and then drop back..so that will give a good chance to BUY a put when it runs up..not SELL a put
so..TO decided to just do that..with a near option as the trade was only planned for a few hours..not for a few days..and the price that TO decided he would pay..was 7.00 even..after looking at what was happening on the ES option matrix..with 7.00 having a very good chance of being filled..which it was with lmt order
this is the trade with the times..in GMT..u have to adjust for US times
notice what time the trade was closed..on mobile phone app again..btw
damn..TO can't find the stupid chart..will have to search harder
All right I am a certified idiot now. Pulled the wrong chart
Here's the right chart and surprisingly only one contract traded at both points and must be yours
Also forgot you are UK time so you trade after market too!
Quote from mekanikal:
All right I am a certified idiot now. Pulled the wrong chart
Here's the right chart and surprisingly only one contract traded at both points and must be yours
Also forgot you are UK time so you trade after market too!
TFF never lies..as lying gets u nowhere
no option trade for tonite..as not best time to pick..so..here is the chart..and as mentioned..TFF never lies
i think my chart is bigger than urs
Quote from The Oracle:
TFF never lies..as lying gets u nowhere
no option trade for tonite..as not best time to pick..so..here is the chart..and as mentioned..TFF never lies
i think my chart is bigger than urs
I am sorry if I came off like an idiot. I was just trying to use my B&E to co-relate the information with my system, ended up pulling the wrong chart - which still co-related somewhat and came to a wrong conclusion
No way I intended to imply you were lying.
Famous quote - Co-relation does not imply causation!
I hate ToS charts. They have tons of shit indicators imaginable and then some to put on a chart but god forbid you want to do something simple like a comparison chart with different scale and bar type.
Also found a smiley you might like!
Quote from The Oracle:
while TO is searching for the chart
Now that SPX is sitting at a major s/r level - anything is possible. In your quote above what stands out is the volume of 1.14k @ 1345 OTM put.
I also saw a high OI of 5k @ 1380 call.
So it could be a WRB day tomorrow and based on overnight action + how it opens, a trade can be placed.
It can also be another NRB day with no direction defined and a signal to stay put (no pun intended
)about time someone asked..as most people only want to show their winning trades..and not their losers..i wonder why
so B22..TO did enter another lmt buy for the jul06 1355 put..this time at 4.50..but it was bad decision..as TO had appointment today and got delayed..so was unable to modify/cancel order..and now stuck with a put..when it should have been a call..at least it is a long put..and not a short call
and to make it worse..we have the bloody 4th jul..so more time decay
good thing is we still have a chance to recover some money..or even make a profit..so we might leave run to expiry on fri and see what happens..either way the loss is taken as a given anyway..as every trade has to be this way..but..it was a bad trade as TO knew he would be tied up..so no one to blame only TO
when we move on to stocks u swill see more losers..as losers are but a part of trading..and TO has no problem with losing..at all
i will post the updated chart so that u can see what a bad trade is like
TO