This is the system based on 4h chart. It has two systems backing up.
1. 4h channel 8 sma cross 55 sma
2.4h a small pin bar fail to break Gann line + next bar break the non-lagging ma and confirm downtrend.
Still holding and plan to close when price rejoin ma.
this chart shows market profile merged back including feb 14th. because since the 14th the great majority of price action in the ES has been in this general price range. Hence the longer term picture should show some major areas of volume and activity lending some credibility to the 1096 area Point of Control.
This is the trade entered by River Reject System. See EU and GU charts. First target is bottom band, final target/cut loss if price cross ma again.
I entered two different strategies on PCLN this past week in anticipation of their Earnings Release.
I entered one conventional long straddle which cost $17.00
as you know the IV crush upon ER can devastate this strategy, so I also entered some short calendars which also like a large move but have some benefits in the way of IV crush. I entered 3 calendars so the max risk became comparable to the one straddle.
As you can see both strategies profited nicely.
This is an entry setup system mainly based on 4h chart. The goal is trying to catch Waves but using a mix group of indicators.
Setup:
1. Trending: Long term MA lines are trending agree with band directions
2. Reject by Bollinger Bands
3. Reject by MA River
4. Support by Gann
See two examples and each arrow is the entry point.
Red line is Gann
Blue lines are sma. One of them is 20 sma
Green lines are bollinger bands 20.
Exit Plan:
1. First target is to reach the opposite side of the band.
2. Final target is price to re-cross the ma line
3. Cut loss if gann flip again
This setup can be applied to most forex pairs although the longer time frame chart is preferred.
I have been studying Market Profile analysis. This stuff is absolutely amazing. This may be the missing link in my trading.
This is the same setup on 4h. Price retrace with a strong uptrend from top band to bottom band first. Now PA starts to rejoin the trend and cross ma/gann as a result.
First Target at top of the H4 Band.
Second target when price meet ma again.
I have been doing some work with the Andrews Pitch Fork drawing tool lately. Mainly on intraday charts of the emini S&P.
A trader told me earlier tonight to add the fibonacci extensions outside the forks for the 1.618 growth projections. And we were working with the RUT daily chart. I found it quite amazing how this 1.618 extension caught this current decline in price.
here is a pic of the entire trade from beginning to end.
opened friday and closed today. $286.00 profit on a max risk of $1991.00
not bad….equates to about a 14% profit on risk in 3 days. and that was over the weekend!
ttp://www.screencast.com/users/MarkoFibo/folders/Jing/media/517a4f78-c447-44dc-9b33-fffad5b0bb77
by the way… this strategy is not for beginners. This trade comes with high risk.
knowing when to put the trade on and how to manage the trade is key.
Please experiment in your paper trade account.
Marko
Not too many folks sharing trades, so I thought I would show you one I entered today. Please feel free to share your trades and questions here at OptionSlam.com
with a nice pump up in IV I am going to employ this strategy.
It is a very tight Iron Condor. Sometimes referred to as an Iron Butterfly because it looks more like a fly than a condor.
Adjustments will be needed as delta becomes too strong in either direction. So I will be making fine tune adjustments with spy contracts. If more major adjustments are needed I will just use spx contracts.
Very little time left in feb so I consider this is a “higher risk” trade mainly because strong moves are harder to counter as neg gamma picks up into expiration.
please trade along in your paper trade accounts only
wish me luck
Marko
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