BCASH looking like it could potentially pop out of descending downtrend resistance line. Look for break out on increasing volume. DAILY RSI looks good, MACD could be a bit more convincing so if you feel more comfortable wait for the daily MACD cross. STOCH looks good, Take profits in zone A B and C Stop loss for this trade should be placed @ 2032 below the...
Rolling up the put side yet again (I've basically rolled the thing into an "iron butterfly" (filled for a .90 credit ($90)) to defend the call side. I generally don't like to "invert" condors (here, roll the put side beyond the call side), so I'll probably just leave the setup alone running into expiry, but keep an eye on the setup's net delta and make a decision...
After closing the short put wing yesterday for a small profit and rolling the short call wing up and out a week for an additional credit, I'm selling a 1025/1035 short put vertical in the same expiry as the rolled out call wing to complete an April 15th 1025/1035/1105/1120 iron condor. I'm still playing a little bit with the percentage of max profit to either...
Although today's upmove was fairly slight, the move -- coupled with a bit of volatility weakness -- was enough to get me out of the short put side of this setup for about a $50/contract profit. That isn't great, but the put side was a rolled spread that was a bit close to current price, so I seized the opportunity to close it out here. I then proceeded to roll...
These work better than the standard Bollinger Bands for setting extreme ranges. What I use these for is to use an oscillator to find an buy / sell signal then take that to the H L Bollinger bands and mark the spot. Most of the time, you will find that the price does not exceed this spot for the duration (length) of the H L Bollinger bands. This makes them...
Lots of short indicators. Would trade at least for the short term if not long. Keep in mind the graph is logarithmic so the gain could be quite substantial even with a quarter of target movement.