fibwizard 3:11 pm on Wednesday, April 19, 2017

Trade chart for Todays YM Trades

hcgdavis 3:51 pm on Wednesday, April 19, 2017

I like the way your charts are set up, simple yet effective. So looks like you are using heikin ashi candles, floor trader pivots, and CCI with 14 or 50 setting? Looking for reversal zones or wait until the trend is established?
- fibwizard 4:04 pm on Wednesday, April 19, 2017
  
  I use a 512 tick chart, HA candles, a 34ma, and HA-Delta, and CCI-50..I trade the Pivots, the 34ma, and the Low/High of the day lines..I use the delta/CCI to trigger a trend change, and exit with, as well I enter at tops and bottoms with doji formations..and then ride the trends from beginning to end..and exit at the pivots, fibs, and lod/hod lines..then reverse it to the other side..
  
  Its a simple method of trading the lines and momentum, using HA candles for trends..and using 2 indicators that signal a trend change..so my chart is simple as well..I like it clean and easy to trade..it makes me a nice weekly living..
  
  I have a nice options strategy also, but I dont trade it much anymore since futures are much more profitable for me and I dont have to tie up as much money..several people here are using it and making good money on it..
  - hcgdavis 6:08 pm on Wednesday, April 19, 2017
    
    thanks looks simple and could be adopted for swing trading on longer time frame. I am a busy nurse practitioner so do not have time to trade tick charts but I like the simplicity of it. Cheers!
  - walter6871 7:08 pm on Wednesday, April 19, 2017
    
    FIbwizard can you share the option strategy your referring to above.
    
    thanks
    - fibwizard 7:45 pm on Wednesday, April 19, 2017
      
      Walter …
      when I do options, I sell BUPS on SPX..I sell spreads 4 weeks from the day I am making the trade..The short side is at delta 12-14…usually around 100 points south of the current SPX price..then I buy the long side 100 points away from the
      short side..it requires a large amount of margin..but it was a fire and forget type of trade that I didnt have to watch much, and I made around 65-75% profit per trade..it allowed me to trade 8 trades a month and make around a 60-70% return each year..
      - walter6871 8:26 pm on Thursday, April 20, 2017
        
        thanks
      - walter6871 8:34 pm on Thursday, April 20, 2017
        
        yes I can see where that would be about 10k of margin per contract. Kinda like Karen but she did naked and different dte. I used to do credit spreads on spx.but not that wide. worked fine for long time until the is a swing one way and then I would roll, etc.