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I need help please...Hey guys... I'm tying to back test a strategy that I think might be beneficial for me, and I use vertical lines to count how many times I have been back testing so far. But I wanted to know if someone could create an indicator or at least tell me if its possible for me to see how many vertical lines I placed so far without having to count all of them. I feel like this is the biggest reason why people don't back test because it takes quiet a long time to count and write everything down. So whoever helps me on this, is basically a hero in the entire tradingview community. please somebody answer this as fast as possible thank you so much.
Education
by Benjaminkhan
$BABA high P/L debit spread +170% TP with options #baba #alibabaAlibaba suffered the past one year. My last trade was an $BABA Iron Condor, closed in profit: Now it's time to play for some bullish bounce. Reasons: * Bullish volume, +10% in one day. * Oversold smooth RSI * Reasonable setup before event * Bullish action candle Max profit: $1100 Probability for 50% of Profit: 50% Profit Target relative to my Buying Power: 170% Req. Buy Power: $396 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 45 (average implied volatility rank) Expiry: 15 days Buy 3 BABA Jan14' 130 Call Sell 3 BABA Jan14' 135 Call Summary, 3 debit call spreads for 1.32db each. Stop/my risk management : Closing immediately if daily candle is closing BELOW the red line, max loss in my calculations in this case could be ~$250. Take profit strategy: 65% of max.profit in this case with auto sell order at 3.75cr for each position OR reaching the profit target level ($135 price lvl) - whichever occurs first. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
NYSE:BABALong
by TanukiTrade
1
$SPY BULL short put spread 90% PoP, 20% profit #options #option After a beartrap switched back to bullish view with large ETF-s. First of all: SPY Max profit: $204 Probability for 50% of Profit: %90 Profit Target relative to my Buying Power: 20% Req. Buy Power: $996 (max loss without management before expiry, no way to let this happen!) Expiry: 22 days Buy 3 SPY Jul16' 420 Put Sell 3 SPY Jul16' 416 Put Credit Put spread for 0.68cr each. Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 350$. Take profit strategy: 65% of max.profit in this case with auto sell order at 0.24db. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
AMEX:SPYLong
by TanukiTrade
COINBASE 72% PoP 30% Profit with short put vertical strategy TA at 1HR TF (because this stock is new, no daily history) Quick Coinbase play at high IVR, reasons: - trend changed: higher high , lower lows - divergence at bottom - my strike is last bottom as support- $260 - I have very plenty safety zone - Buying power arrieved as volume Max profit: $220 Probability of Profit: 72% Profit Target relative to my Buying Power: 28% Max loss with my risk management: ~$290 Req. Buy Power: $780 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 93 (ultra high) Expiry: 38 days Buy 1 COIN Jun18' 250 Put Sell 1 COIN Jun18' 260 Put Credit Put spread for 2.2cr, because IVR is very high. Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 290$. Probability of loss in this way: ~10% . Take profit strategy: 65% of max.profit in this case with auto sell order at 0.77db. Probability of profit this way: ~90%. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
NASDAQ:COINLong
by TanukiTrade
[ X ] United States Steel Corp short call vertical spreadLazy day, lazy trade. My Iron Condor Hunter script indicated a potential iron condor for this instrument for the 12 - 23 range. Let's check for the best setup for this signal. (1) Basic TA to background check After a quick TA I judged it too risky, because it limiting the downside potential correction. The script indicated good ranges in the past 4 years, but now I'm a little bit hesitating about the downside move limit. The script shows me 12$ as secury bottom target in the next 30 days, but the lowest low may be ~10$, based the green trendline (2) Murrey Math levels -1/8 and +1/8 are used for some kind of attempt to catch a trend reversal. -1/8 is an extreme support level during a bearish trend , while +1/8 is an extreme resistance during a bullish tendency. A test of these lines indicates that the current trend is weakening. As a rule, the price doesn’t revers here and starts corrections towards 0/8 and 8/8. After that, the previous trend resumes. On the weekly perfectly fit to my Murrey Math Lines Auto +1/8 script. (3) Daily divergence Divergence on daily chart , without any more comment..... Indicated local correction. Breaked down my custom oscillator => correction validated. CONCLUSION : Modifying the strategy from the originally planned Iron Condor to Vertical Spread. Sell 1 X Apr16' 21 call Buy 1 X Apr16' 23 call Max profit: ...... $80 Max loss: ......... $120 IVR: ................... 18.3 Probability of Profit: 73% Expiry: .............. 45days Strategy: Short call vertical Risk management: I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss. (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case. Danger zone starts at 20.28$ Profit management: I'm sending an order at the 50% of max profit, immediately after my position opened - as usually.
NYSE:XShort
by TanukiTrade
3
Why it is so funny when bitcoin holders get mad at bearsIt is not just because as Buffett said they are not investing but gambling. It is much more ironic than this. Bitcoin has been going not just back to zero but even BELOW zero every time. And people still cheer. Compare this to: Meanwhile the crypto... If it drops they will say they do not care they're in for the long run. And I believe them. If it goes up then drops they will say they do not care it went up so much they were in the green. And I believe them. It's obvious why we believe them. Because they are noobs. The price goes up they will snatch profit instantly. The price goes down they will hold on forever. Nothing new. They did not invent this. Every terrible investor has been doing the same forever. GME had only buyers, then Citadel data shows the buyers stopped coming, and when they were all in, it dropped back to the zero line and beyond (below where it started). It is the same thing for short sellers, that had their fun for long. Melvin took one for the team. Today, 5 years later, Bitcoin is only just at the 2016 trendline. And you know it would be much more fun for bulls to be testing it from above after evil shorts sold than from below after they went all in. Even if BTC goes to 100k it won't be far above the TL, and I bet it will drop below soon enough. The price is arbitrary it's only what buyers and sellers are agreeing on. There is no hard limit up or down (remember Oil?). When the price trends, in a rational market, buyers agree more to buy around the trendline/fundamental value/support, and sellers are getting more open to the idea of selling when the price is far from the trendline. So yes, Bitcoin could be at 2 million today. Although at some point people would cash out and retire. It would be higher than 50k that I am certain of. So each time you see Bitcoin holders celebrate or get angry at sellers, remember to laugh.
by MrRenev
10
Closing Bull Call Vertical SMG, Nearly Max ProfitWe are closing out our 90/95 bull call spread, earning a debit of 4.99 by selling the 90 Cs and buying back the 95 Cs. We have made a profit of 49.7/contract, with a maximum potential profit of 50. The potential possible gains of holding the position are nearly negligible, so we are taking the successful trade and closing it out now, to best preserve strong risk/reward characteristics. Below, we've attached our methodology for why we took the position initially. We sat the vertical below the market, essentially betting on the market staying above a place it already was very far above. This is one of our favorite strats, and has proven profitable often, despite the natural consequence of having to risk an amount significantly larger than the potential reward. -- Jan 20, '19 -- " We are bullish on both the technicals and fundamentals of SMG . The multinational corporation, known for its consumer fertilizers and pesticides and new expansion into hydroponic equipment for the marijuana industry, has been trading in an up-channel. 2019 Q2 earnings beat estimates, with EPS of $3.64 (.22 above forecasts) and a top line of $1.19 billion (greater than the estimated $1.16 billion). The biggest growth opportunity is in its Scotts' Hawthorne subsidiary, which provides various products (hydroponics, fertilizers and lighting systems) to the cannabis industry. "
NYSE:SMG
by LaurenTrading
Vertices go downAt the moment, the pair has a downward trend, since each subsequent vertex was lower than the previous one. Also we approximately see where the level of support and the formation of a triangle are possible. If the price leaves the triangle, it will be equal to the height of the triangle and is expected to be downward. Therefore, we advise you to look for points to enter short positions after the pair overcomes the borders of the triangle. Otherwise, if the price leaves the upper boundary, the movement will be in a distance equal to the height of the triangle.
Short
by SuperForex
BTS/BTC will history repeat itself with massive gains?No real trend analysis here just an observation I thought I would share. Looking at the current and past price structures of BTS/BTC they are strikingly similar and they are even on the same satoshi level. We all know history tends to repeat itself, ripple for example showed us this with its crazy run up and steep decline followed by a prices (this could change). Anyway if history repeats itself we could see a near vertical run up and with indicators looking good this is not impossible. More history would be nice but just in case this does happen thought i would mention it. Do not make a trade based off this was purely for a lol and what if. *This is not financial advice*
by HyperionAllied
ROGER VERTICAL BCASH 50% profit easyBCASH 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 last swing low. LINES were drawn on the 4 hour time-frame this is why they might not look accurate but they are :) also we got a 4 hour MACD cross
BLong
by gillman_hugh
ROLLING: NDX/IUXX AUG 5TH 4350/4375 SPV TO 4400/4425Rolling 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 as to whether I want to erect a separate delta hedge (in this case, most likely another short put vertical set up in a separate expiration) to protect the position from further upside and/or mitigate call side loss. Otherwise, I'll just do my usual close out the worthless side, roll out the tested side for minimal strike improvement, and sell a put side against for a credit that exceeds the price to roll the tested side.
NASDAQ:NDX
by NaughtyPines
SOLD TO OPEN APRIL 15TH RUT/IUX 1025/1035 SHORT PUT VERTAfter 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 take the whole setup off or an individual wing off. Ordinarily, I take off the entire setup as a unit at 50% max profit, but I regard these short term setups kind of like scalps, so have been taking them off at lower profit percentages (money, take, run ... ). Filled for a 1.21 ($121) credit ... .
I
by NaughtyPines
BOUGHT TO CLOSE RUT/IUX APRIL 8TH 1050/1060 SHORT PUT VERTICALAlthough 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 the short call side out another week and one strike higher and wider to the April 15th 1105/1120 for an additional .93 ($93) credit. I will probably match that up with an April 15th short put vertical or see if I can just exit the short call side in profit here in the next couple of days ... . The beginning of earnings season is upon us after all ... .
I
by NaughtyPines