ucsgears

Market Shows no conviction - Waiting for FED

INDEX:NYA   NYSE Composite
107 7 2
No Conviction what so ever. Thanks to the internet for creating a hype and panic on FED announcements. Great example, that Technicals don't move the market.
jangseohee
2 years ago
i have a desire to turn that TICK into indicator (Market Internal) but only applicable for 1 & 5 mins intraday trading :-)
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ucsgears PRO jangseohee
2 years ago
I use it for swing trading. Tells me exactly when I need to add hedge to the market positions. For the Ticks as indicator, that's easy.
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ucsgears PRO jangseohee
2 years ago
Obvsly, I don't use it on Daily chart. I watch it in 15 / 30 Mins interval. Grab the bigger picture. Around 3 pm EST. I look at all the market internals. Hedges added if needed at 3;30pm EST. No day trades what so ever, Unless i want to get stopped out. There is no point in day trading options. Being an options trader, its best to swing it. Swinging options have proven to work, if you take positions after Lunch. There are lot of research i have done in the past about the option valuation.
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jangseohee ucsgears
2 years ago
Any CBOE (Equities) Put/Call ratio here?
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ucsgears PRO jangseohee
2 years ago
Yes. There needs to be ATLEAST delayed intraday data. That's the only bad part about TV.
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jangseohee ucsgears
2 years ago
i cant find it in the box, is it a fundamental indicator?
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Justiceisfalse
2 years ago
nicely done!
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