a bit concerned with these higher highs increasing at same small increment - which is usually not too good for bulls. However, macd is not making lower highs - equal rather - which is of coz STILL a neg div BUT think in these terms - ES is still travelling at same velocity with no acceleration or deceleration..... a true bear wud want 2 c deceleration really.
still convinced buying volatility on strangles at the recent dip in volatility is a good trade. my delta here is slighly negative and i like it this way
ok I have to admit the sys choked on Friday in the sense that from starters index crosses were up trend indicative, they were so at 10:30, 13:00 and strictly speaking even at 14:15 time pivots. XBD was hinting things were not that rosy - however, thats a secondary cross, and otherwise - it looked as a trend up day.
I was lucky in the sense that I smelled something was rotten, like on that super spike on March 5th before open - sold my1150 June calls right when options opened and entered into a short futures position, essentially doubling my Short from the puts.
I am still convinced index crosses r key in determining how the session will evolve, but I now have 2 sessions this yr so far (friday and that march 5 spike) when trading on them wud be suicidal. Well 2 muck-ups in 70 sessions is not that bad :cheesy: but def food for more thought.
ALSO - once I noticed that i shorted exactly where "dark siders" wud short (see chart) I tried to keep an eye on their line of thinking throughout the day. I AM IMPRESSED!!! And my hat off to Skim and others :cheesy: I am NOT YET a dark sider and perhaps will never be one, since I see the power of Tick divs and MACD (thx to voodoo) - but from now on I will def use the "dark side" as AT LEAST an extra comfo for my trades. Thx to all u lads and lasses :idea:
China, I am new to this board and would be grateful if you could point me to where I can look up your terms such as HL, HH and Maribozu. Also, who are the "dark siders" and where can I read about them. Thanks.