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Moving Average Method SPY OptionsSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Bars on far right are volume shelves, the ones that stick out furthest left are also support and resistance spots. Happy trading.
AMEX:SPY
by kwiktrip
2
EURUSD-> The pair shows a bear flag. What to expect?EURUSD is moving into a correction phase. The price rests against the conditional support at 1.065 and forms a bearish flag. This pattern shows us the potential to revive the fall further. The price tests the support zone of 1.07116 in a bearish flag format. A breakdown of the support of the local range may lead to liquidating the buying liquidity and activating the momentum for a strong bearish impulse. However, I expect in the near term an exit of the price from the range downwards, a breakdown of the support of 1.07116, and price movement towards 1.065, and then to 1.0430
Short
by forexobroker
3
Mark Minervini's gains relative to S&P500 during 2021competition I came across some data which enabled me to construct a chart showing Mark Minervini's monthly gains in his spectacularly successful 2021 trading competition win. I also measured the equivalent monthly gains of the S&P500. My aim was to study how he performed relative to the monthly Index movement so that I could, perhaps, understand his methodology. I have to say that it didn't live up to my expectations as it was hard to see the relationship in some months. I wondered if there was an overall competition winning strategy behind the performance of some of the later months. Text from 'restricted during publishing' Text Box' Mark Minervini- 2021 USA Trading Competition Winner- ~340% in one year! No holding strategy even comes close, to my knowledge. (Mark also won the 1997 competition!) Daily Candlestick Chart shows Mark's monthly, published and verified, performance against the S&P500's. It's educational to study the correlation between Mark's monthly returns against chart price movements. Perhaps some risk strategy was employed during the last few months in order to preserve the already spectacular percentage achieved half way through the competition year! Slow Dough @Whole_wit Fri 23rdJan 2023 Jack Corsellis also has helpful looks into specific buys and sells with the actual charts of various transactions of the 1997 competition, that Mark Minervini also won. www.youtube.com I obtained the monthly competition results data from Linus Lim's video at around 1:08 from start. www.youtube.com
SP:SPXShort
by Frankyboy