Aussie-scalper

Aussie-scalper

Had to scratch attempt at this trade a few days ago for -7 pips loss. So this is a second entry with tight stoploss above recent high after reversal bar in European session.

Aussie-scalper Updated 

This is a double signal short today, 1. Turtle soup > new 20 day high and reversal bar below old high around 27.85 2. The Anty ( modified Stochastic) shows an declining Stoch line, with over- bought levels showing time for reversal... This is a scalp for correction of ' similar degree' to previous correction > target is in price & volume 'point of control' on...

Aussie-scalper Updated 

This new high seems climactic...selling a break-back below older 20 day high level for a few days hold correction only. As a CFD trade, I will re-assess at close of trade today and if not in good profit may add a 'Guaranteed stop ' premium to avoid any surprise GAPS after weekend upwards.

Aussie-scalper Updated 

Note : This is combined with a long hedge position on RMD Buy similar position size as holding overnight; See next notes on RMD 'turtle soup plus one" strategy see 'Short WPL 'trade for actual strategy description posted today

Aussie-scalper Updated 

This is a variation of ' Turtle Soup' strategy by Larry Connors, from the book' Street Smarts' The difference is entering one day after signal in direction of anticipated trade instead of the same day. See notes on Linked idea ' Short WPL' which already booked a profit as a day trade.

Aussie-scalper Updated 

Momentum pinball strategy - from the book ' Street Smarts". 1. Sell off day before closing in lower 20% 2. today looking for a reversal - break above the first hours high is signal. 3. Stop below low of day 4. Hold until profit acceptable or near previous highs or until next day only

Aussie-scalper Updated 

This is a strategy from the book, 'Streetsmarts' developed by Taylor and adopted by Larry Connors For sell signals on NZDUSD: 1. Y'days high is signal for short when market opened in bottom 20% daily range and closed in upper 20% range ( Fri) 2. Today the market must trade at least 5-15 pips higher than yesterday's high 3. An entry sell stop is placed at 2...

Aussie-scalper Updated 

80-20 strategy long > previous days low after big down day see related trades NZDUSD for details

Aussie-scalper Updated 

Using strategies from Street smarts - two opposite set ups to hedge out market risk on June Options Call on NCM - this is a modified ' momentum pinball ' set up anticipating a correction back up to middle of range only after ABC correction ; at money June calls 400 shares worth Put on ASX - this is a new high then correction > 20 days High failure; called'...

Aussie-scalper Updated 

Looking for a scalp trade with definable stop loss below intra-day low; based on Turtle soup by Larry Connors

Aussie-scalper Updated 

This is a risky low probability buy signal - but with corresponding low risk Momentum Pinball ; modified ROC function ( see book Street Smarts) shows oversold on 4 hourlies < 30 looking for a break > first 4 hourly bar @ 0.9429 targets shown above, once hits next resistance bring stop loss to break even... Also 80-20 strategy, as big down day opening in upper...

Aussie-scalper Updated 

Looking to see a reversal here using 80-20 strategy : previous day in overall bullish on dailies then have : 1. Open in upper 20% of previous days range & close in lower 20% 2. start of asia, a slight lower low by 10-20 pips then reversal back into previous days low 3. stop loss below today's low by 10 pips, should go into profit quickly * low probability / low...

Aussie-scalper Updated 

A nice little correction to supportive area and some buying interest on 2 hourlies; with scope to scale in lower. My basic strategy with ALTS is to look for buying opportunities, and then NOT HODL, but take 4-7% scalps. Due to the general volatility this is a greater than 50% chance of occurring providing take the profit and not be concerned with missed...

Aussie-scalper

THis is similar idea to WES ( see link) accept even more defensive sector ( telecommunications) .... managed to get a Bull credit spread as follow: sold 120 shares strike 3.15 June expiry ( european) for- 0.06 buy 3.05 +0.02 spread -0.04 for porfit credit of $480 9 trading days left -...

Aussie-scalper

Would I like to own IAG for a premium price? If I can pick it up for 5.50 that's historically a better than fair price in past months. However - that's only if the credit leg of options gets exercised in two weeks until expiry = plan B. Plan A _ book a net credit on Bull Put spread, with protection ( insurance) 1 strike below at 5.25 ( -0.25c) providing stock...

Aussie-scalper

This looks a little over-sold today : Sure, energy sector smashed today -5% and worst performing sector on asx, however, Its very over-stretched on the down side today. So this leading energy stock is good to BUY as a day trade only. Not holding over weekend. Only buying small ( about 1/3rd normal size) with a tight stop under low of day. Strategies ticked ( all...

Aussie-scalper Updated 

This is taking advantage of a Failure at new 20 day high, it beat 4 days ago, but has corrected quickly back in....shows weakness. I prefer Put options due to risk of false break out again at highs if pushes up one more time in next few days; I figure June expiry is enough time and only looking for a 4% correction obvious support $1.00 below or more... For $400...

Aussie-scalper Updated 

CFD short few days only on WPL, strategy based on book ' Street Smarts' by Larry Connors & Linda Bradford Raschke 1. Look for a new 20-day high 2. Must be greater than 4 days since previous high 3. Short sell order -a few cents below this old high as a break-back correction 4. Hold into close or next day only Place stop-loss just above new high of same day 5....