I am going to post about 5 trades or more to watch for every week.
Rules are simple.
Step 1-Watch price action wait for it to respect the trendline...Preferably the bottom trend line.
Step 2-When price stops, bounces, wicks back up over the trend line. That would be your first sign to get in.
Step 3-If you are more patient or skeptical, wait for price to move away from the trendline and then come back to it. When it repeats the Step 2, that's your trigger to get in.
Step 4-Make sure you have at least 30 days on whatever option you are picking.
Step 5- Try to pick a strike price that is at least the last previous High or the top of the candle after a gap down. (AkA in the money or slightly out of the money no more than that.)
if you have any questions please feel free to comment below on whatever it is and I will be sure to answer. If you aren't asking questions you aren't learning.
by iCantw84it
05.24.2021
Rules are simple.
Step 1-Watch price action wait for it to respect the trendline...Preferably the bottom trend line.
Step 2-When price stops, bounces, wicks back up over the trend line. That would be your first sign to get in.
Step 3-If you are more patient or skeptical, wait for price to move away from the trendline and then come back to it. When it repeats the Step 2, that's your trigger to get in.
Step 4-Make sure you have at least 30 days on whatever option you are picking.
Step 5- Try to pick a strike price that is at least the last previous High or the top of the candle after a gap down. (AkA in the money or slightly out of the money no more than that.)
if you have any questions please feel free to comment below on whatever it is and I will be sure to answer. If you aren't asking questions you aren't learning.
by iCantw84it
05.24.2021