In and out of APPLE 485 weekly puts at $2 and 4 minutes later sold for 100% at $4. Quick $800 in da bank.
Holding GOOG a tad more, think we see 596 or better
Here is the plan going into next week:
I created a separate IB account just for this thread and wired $10K in. We'll call this the "lotto account" where I will periodically post screenshots after trades to check in on the progress. Mind you, there will be some sense of money management in this account, but it will likely be somewhat volatile due to the nature of the trades you see in here. I just advise people watching that this was set-up as a lotto account and the balance should be deemed relative due to your own working capital/trading goals.
Enjoy the 3-day weekend!
Only ~1.5M cts traded today on the ES, significantly less volume than the prior touches off the top of the channel over the past three months. Then again, as a 3-day weekend options expiration Friday I guess that can be taken with a grain of salt.
edit: meant to post this in the main thread, I'll cross-post.
IB account still waiting for the funds to clear, I want to leave this chart here for now:
I'm looking for volume to return to this name to potentially contest the top of the symmetrical triangle forming:
MCP was one of the names that was bid up very well in 2011 followed by a year-end crash (a la nflx), we already saw MCP catch a bid as did many of this genre (underperforming FY11 EOY) names, but volume should dictate the next move.
There go the 40c, from 2.60 approaching the trendline yesterday:
Euro had a big Kumo breakout today. I know currency isn't 1:1 correlation anymore but I sure as heck dont see the market crashing or correcting much more than 10-12 handles when euro is doing this. Today set me back in bullish mode for time being.
5 bullish signs here
Bear hate to hear this, but i got 1.359 as next stop on the weekly /6e chart
Seeing some interesting movements in Apple here on the Ichimoku 5min TS/KS crosses intraday. This cross can work in both bearish and bullish moves. So far this week there has been a half dozen or more crosses bullish and bearish that have netted $3-10 movements. Going to continue to monitor it in real time now that I'm seeing this, of course it can work for other stocks as it should, but AAPL is getting some killer movement intraday on them.
*No clear sell signal on the 5min chart, would need to monitor on the 1min timeframe. Trailing stop would be best
*Intraday trade only
Below is from the 2/21 but it shows the pattern more clear to show as an example. 10:25am was the bullish signal, 1.5hrs later and $8 move in the share price. Then at 12:45pm a bearish signal was given, with a $4.50 move in share price in 2hrs.
Very nice charts/idea's guys. Gotta love todays technology.
I'm right there with you on your Euro prediction, Kyle.
I've never looked at the 6E fx futures chart before.(learned something)
Interesting weekly candles, thing sure likes to gap a lot.
Not my style/time-frames, but still informative.
Except for that shorting apple thing.