TESLA STANDS STRONG AMIDST THE MARKET TURBULENCE. TRIANGLE PATTERN HAS FORMED AND SOON WILL BE A BREAKOUT.
(1) If you are bullish, wait for breakout or buy some options.(even now) (2) SL below the support line (3) If you are bearish- short after breakout below the support line (4) Good buy opportunities on the lower support lines LIKE and SUBSCRIBE for MORE analysis!
Yeah indeed very good perspective. I love the two-case scenarios (bullish v. bearish). BTW I recently started to use ATR indicator and I want to perfect my strategy by hearing other's too. Could you please tell me how you personally use the ATR indicator ? (e.g. how do you read it, what value indicates what, and how you use it for entry / exit). In addition could you detail how you use and when the other oscillator - P/C Ratio Buschi ? Thanks a lot in advance!
ProSignalsFx
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@Omegacris,thank you for your kind words! I use the latter to gauge the general breaish/bullish bias of the crowd. Works better on stocks obviously.
Speaking of atr, you might find my ATR post I made recently useful. It is most useful for backtesting when for strategies that are not tied to the technical structures and one needs to determine an objective stop loss and take profit size in pips. Great for algo strategies too.With regards to my regular trading, I don't really use it, although I heard that it works. Hope this helps.
lamode
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i sold call options exp today at 470
ProSignalsFx
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@lamode, well done!
when did you sell them by the way?
lamode
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@MountainTraderFX, earlier this week.. hope it works out well tonight :)
ProSignalsFx
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@lamode, great call anyway!
love options trading. Gives one the edge few have...