THETA MACHINE UPDATE No New Trades Today I want VIX and IV to go higher so we can collect extra premium...if not tomorrow, by Friday I will increase the cost basis to +500, and Theta will be around $150/day. Overall POP = 84% POP = Probability of Profit *Next Week volatility can spike as we will have CPI (Dec 12) and FED (Dec 13). With that said, I will...
TP1> Trade Plan 1 if we manage to Trade/Bid above MAIN POC 3937, we can test > 3960 > 3995 > 4036. TP2> Trade Plan 2 if we Open/Trade below MAIN POC 3937 we can test > 3914 (LIS-CPI POC) > 3845 > 3827.
Trading Options Between the levels posted yesterday ! Following Main POC + VAH/VAL of the day + Previous POCs Volume Profile in Distribution Day Keep your eyes at LIS 3914 if holds, super important level IMO .
TP1> if we manage to Trade/Bid above MAIN POC 3943, we can test > 3960 > 3995 > 4036. TP2> if we Open/Trade below MAIN POC 3943 we can test > 3914 (LIS-CPI POC) > 3845 > 3827 > 3800. *LIS = Line In the Sand
Some volatility is expected for tomorrow:. Main POC 3960 > Key Level to watch
VOLUME PROFILE SECTIONS: 1> What is Volume ? 2> What are volume NODES? 3> HIGH vs LOW volume NODES 4> Value Area - $ Price Rotation 5> 3 KEY Parts of VALUE Area? “VAH” “VAL” “POC” 6> Types of “Time Per Profile” 7> 4 Common Volume Profile SHAPES - D P B b 8> How to use for ENTRY/ EXIT 9> Trade Plan - What Is That? 1. What is VOLUME when it comes to...