dmedin

PRT makes me think of PYT. Get your dancing shoes on Eileen 😻

I predict that my 3400 U.S. 500 September call will break even

I had open longs last night, lost a fair bit. Will have to close open positions before going to bed!

😮 Yes, previous downward moves of this magnitude in recent history have been V shaped 😮

There's an outside chance you could make money though, great thing about an option. Warren Buffett could be poised to spend his $120 billion any minute now

No, it's my inability to control my impulses, organize my thoughts and other personal faults that hold me back.

Yes ... It'll bounce before long ...

Back to my point, what's it giving me that the MAs and RSI aren't?

How rude!

Yes 🌟

Here's a good one that tells you when not to try and short EURO 😮

Yours is for DJIA. What use are all those extra lines, do you really need them to see there's a good short opportunity? 🧐

Thanks for your efforts and I totally agree that options are a great strat

So is ADX telling you not to trade this just because it hasn't risen up above 25 yet?

Was just looking at the Swedish listings and I do recognize a few there. Need options on coffee, gas, softs, cocoa, all the good stuff. Why the heck not? I can see the potential issue for no options for stocks because of the potential complexity (why not integrate this with existing stock listings instead of putting it in the options list, e.g. as well as offering cash and futures on stocks offer options in the drop down list too and tie it in that way) but not for commodities, all the indices and major FX pairs.

IG say there isn't enough demand for more options but how can we register demand? Options on all the commodities, indices, FX pairs and even stocks would be awesome and generate more business. I see they have cr@ppy ones like the Swedish stock market lol.

As long as you can find a way to make money, it's worthwhile. I read that most technical traders rely on just one or two good trades a year that they let run for months on end to be profitable because most trades don't work out Imagine if things change and you couldn't make money and you were relying on this as a profession ... wow you'd be so up sh!t creek

Well the exit indicator one is simple - RSI (divergences in overbought/oversold zones). It generates fewer, but higher quality signals. 20/50/200 is fine for trend. Trigger has to be the candles, the price movements (retraces, pattern of highs/lows and other patterns/shapes) 🧐🤠🤔

Not sure PRT is worth it unless you're into programming algorithms.

FWIW I believe (hope) Wall Street gets much lower

So what are all these TA books, sites, courses etc about? Either they are a useful aid to read the market at least sometimes or they are completely useless? Might as get my pet monkey to throw a dart for me ... 🤔

So TA is really based on a hope and a dream 99% of the time. How does anyone make a living from this kind of thing? I mean, fundamental analysis is also b*llocks (people pretending that 'value' is objective and can be measured), but it has the veneer of acceptability and you can charge people for your expert analysis and big reports full of statistics.

TA was in my dreams for the first time ever last night. A Youtube tech guy was looking at candlestick charting and was saying how good it looked but some bitter old bloke laughed and said 'try trading it in the moment' and something about hindsight and they all laughed together and called it a load of old b0llocks ...

Can't argue with whatever works for the individual but for me personally, I don't see the 'added value'. In Murphy's book he suggests PSAR with ADX and using the ADX as a filter (if PSAR says buy and DMI green above red then buy else don't), but this must only be of interest for people programming algorithms.

Have you ever managed to make money from it? (Not being rude to you personally, but I do still think it's a mug's game and the only money to be made is in broker's fees, commissions etc hahaha)