michaelmaggi

michaelmaggi

SuperTrading Strategies with filters from EMA filters and other type of filters did not work out well on the lower time frames. This is a change from M15 to M30 with manual entry and exit. The signal to buy entry and sell entry is agreement with the two SuperTrend Averages. It is easiest to look for the double lines than the double labels. I may delete the buy and...

michaelmaggi

In progress. Comparing executions and using them both together as a confidence builder. I still haven't found a way to use a trailing stop and all on auto trade yet. I can't check every 15 minutes when I live in Thailand and sleep through some of the most important trading hours.

michaelmaggi

These are ready built indicators but I would like to add a stop loss/profit target or better yet a trailing stop for increased profit potential. A reverse signal exit doesn't work in my experience and I would like the TSL to be part of the basic strategy with an input for length and type of MA exit or a number of pips for SL and TP. Any suggestions on how to do...

michaelmaggi

I purchased a put at 2107.5 strike for $58 and a put at 2095.5 strike for $80 because of the weakness showing in the Renko chart. My target of 2100+ was hit last week and my call options all closed in the money. It seems time for a breather and the Renko charts are showing weakness for now. If things turnaround I will watch for that since the overall trend is...

michaelmaggi

After the recovery last ThursdayFriday and today's open, all the Renko charts turned up. I bought a spread of weekly call options expiring Friday: 2065.5 strike for a Premium of $71 2077.5 strike for a Premium of $59 2089.5 strike for a Premium of 46.25 . The spread is due to feeling confident o a recovery to the 2100ish levels but wanting to leave some room for a...

michaelmaggi

After standing aside to watch the Greek and China situation I am long again on the NADEX with purchaings calls at a strike of 2053.5 for a Premium of $62.50. The bigger worry is actually China and not just because I live in Bangkok.

michaelmaggi

The three positions were all closed this morning: Premium of $44.15 Call returned $95.00 per call Premium of $66.00 Call returned $88.00 per call Premium of $24.15 Call returned $61.75 per call The Renko cart looks good to hold until expiration but since there was only $5 more to get I cashed out early to take the bird in the hand and not wait for a Friday close...

michaelmaggi

Renko still says up so I am going with weekly Nadex calls at 2099.5 strike at a Premium of $25 and a 2111.5 strike at a Premium of $14.25. After a morning dip the 5 brick chart is on the upswing. It is only Monday with a Friday expiration so there is plenty of time for some good news to spook the market and jog it up. I wait for expiration only if the market...

michaelmaggi

I am late posting this because my day job sometimes intrudes into trading time, but in checking the weekly Nadex S&P500 on Monday it looks very unsettling like it could be a down week, but with the chart finding support after a few days down by late Monday I decided to enter the market when it was temporarily in the money but the bid/offer had not quite caught up....

michaelmaggi

The big sell-off yesterday looks like a short term pullback after a holiday on both the Daily Price and Renko Charts, with a good showing on Renko now I bought calls at 2101.5 for $60 and 2115.5 for $41. The upside in the next two day before the Options expire looks good to me.

michaelmaggi

Despite the strong drop this morning there is a Little recovery underway on the Renko 3 charts. This Renko chart shows why I am cautiously optimistic about this being a buying opportunity. I don't see any reason for a reversal but in the Nadex binary options there is no mercy for those too optimistic on their short fuse with weekly options.

michaelmaggi

To follow up from Nadex binary options last week for S&P 500, Dow 30, and Stock Small Cap options all three Renko charts held into expiration and the positions were all positve even with me cashing out all three early. The current Renko points to a big break after the long holiday weekend with the chop likely to cotinue for the week with a high probabilty that...

michaelmaggi

The strike is 7975 at a Premium of $57.25 on the Nadex market. This is related to my simplified Renko chart approach with weekly options on the Nadex Exchange. The third up bar has been started on the Renko chart and the goal is to take about $20 profit on the position which is about half the máximum on this option.

michaelmaggi

This is an uptrend on both the daily and interday renko charts. Weekly Call Option, strike at $60.75 at a Premium of $47.50

michaelmaggi

Renko Crude Nadex Call Option: strike: 60,75 with Premium of $47.50 After watching, I am jumping in as the interday Renko chart is also an uptrend. This is a weekly Nadex binary option play.

michaelmaggi

This is the Renko Daily Copper Chart for my purchase of a weekly call at 2975 strike for this week on Nadex.

michaelmaggi

Using Renko charting on the CME Copper Futures contract I decided to buy a call on the Nadex market for a weekly option on Copper. I purchased the call just now at a Premium of $26.00. The option expires Friday. If the market overtakes and shows in the money tomorrow I will add to my position.

michaelmaggi

The published idea linked to this post did not print the Renko Corn chart I discussed too. Nadex.com is an options site that is a good alternative to the binary option sites internationally that many people are complained are just scam outfits. Nadex is in the USA and a registered and regulated bróker. It is a binary options site for index, commodities, forex,...