SBUX - RiskReversal - As Above, So Below...
Here we have it, the almighty wise words.
I initiated this RiskReversal (sell a put to finance one or more calls) on 2016-11-16, when I analysed this chart (not this one, this one is much more simplified).
The law of "Action/Reaction" or As above so below, is present in everything of our life.
Why not use this universal law, discovered by Newton and decades bevor him to our advantage in trading?
I had to be patient learning, and experience it...learning to see and somehow "feel" what's going on in the charts, using all the tools of my toolbox. What's in there? Well, there is price action, A/R, the Fork, Swing/Pivot analysis, micro & macro charts (correlating different timeframes/dimension), single Bar reading, pepper, salt, coffee and chocolate §8-)
Everyone can do this!
There is nothing special about it, except the will and the stubbornness to go the way, which never ends...
I'm still walking and learning. May the universe give that I always discover new things, or the act of trading would be totally boring (...ok, except the money one can make ;-) ).
P!
I initiated this RiskReversal (sell a put to finance one or more calls) on 2016-11-16, when I analysed this chart (not this one, this one is much more simplified).
The law of "Action/Reaction" or As above so below, is present in everything of our life.
Why not use this universal law, discovered by Newton and decades bevor him to our advantage in trading?
I had to be patient learning, and experience it...learning to see and somehow "feel" what's going on in the charts, using all the tools of my toolbox. What's in there? Well, there is price action, A/R, the Fork, Swing/Pivot analysis, micro & macro charts (correlating different timeframes/dimension), single Bar reading, pepper, salt, coffee and chocolate §8-)
Everyone can do this!
There is nothing special about it, except the will and the stubbornness to go the way, which never ends...
I'm still walking and learning. May the universe give that I always discover new things, or the act of trading would be totally boring (...ok, except the money one can make ;-) ).
P!
Trade closed manually:
U-MLH failed for just a couple ticks.
However - closed.
However - closed.
Comment:
Sometimes you don't need a trade to love the charts.
Watch how the centerline is respected:
Watch how the centerline is respected:
Stil in and waiting for >= 59/61