Thanks Peter

That list is very helpful

Regards

Bob Mc

Broke the support I mentioned on Friday. both the 215 and 220 puts, decent profit of the break. 215.07 is 1st trgt and place to take at least some profits.

Speaking in the generalization of STOCKFINDER, I would have suspected you to be in CF today? I guess we were both waiting for the J-Hook to commence:) Congratulations as always. I myself am trying to tame the QQQ. I didn't catch the 38.2 retracement from the supsect leg down Thursday before last High to Thursday's Low. LMAO, I BLINKED Most definitely didn't expect it to reach a 1oo% projection from the prior days high. Of course, I know QQQ isn't in your taste, but comparitively. I am a very small time player to you:)  My fault was not paying attention to the lower lows on intra day charts from the day before. Early morning was a reversion to the close(gap play). I have been trying to teach myself some fib time zones and looking at length of legs, bases and tops. BTW, I am sure you are aware of short sales topping Sept. 2011 peak! I thought. That may be of note worthy mention. Divergence in Bonds? As always, Good trading and BIG PROFITS to you.

Yea CF definitely. but missed it. I trade SPY a little more then Q's. but lately starting to watch it more.(upgraded my PC, and it can handle more charts and larger watchlist). for QQQ on hourly chart I have a trgt at 64.32, as long as it can stay above 63.09. if it closes below 62.72, I'll look for down targets. 

AAPL challenging a downsloping trendline on the hourly (premarkt) with a resistance at 615.89 as a target if it can brk the trendline.

Another one I've been trading last week is V. lets see if the pullback yesterday, can lead to another run up to the 130's.

QQQ reached target (hourly chart)  http://screencast.com/t/KS8nS57TT  I would expect resistance here. reason enough to at least take profits. If it can clear this, then next trgt around 65.36

AAPL still coiling and challenging the trendline. I've traded SLB past days, but exited here. Daily target I have at 71.39

Actually, I was in that today. I finally wrote up some custum indicator % true  to help me out. Everything lined up. My 30 minute, from the day before, had already set up a buy signal and the pull back on the 1 and 5 min fired off a buy signal at the same time! Just as I was already thinking about getting in. The % true Fired a Buy Signal. I underbought and sold out to soon for a 20% profit. My worst habit is not trusting my measurements, which they are CONSISTENT. So, I know this isn't your practice, but I bought a 65 OTM for tomorrrow with my winnings during the afternoon pull back. See the Eliote Wave at work? So, no loss. Literally, X marks the spot on Your chart for my primary target. I will be looking at the 10 am, Philidelphia Fed Survey tomorrow. The last 3 have had a huge impact on the Market. So, I am ready. Just in case, the report comes out Ugly. If, it comes out well. Like you mentioned. I will be getting into AAPL. I have heard nothing but good news about them, and it's move should come tomorrow. It broke the triangle on the 30 min. chart the last 30 min!, also, a new trick I learned. I don't know how viable it is? It's Bollinger Bands are both pointing up! Also, I am sure that you are aware of the some of the better than expected EPS reports from some of the TECHies(NASDAQ100) after hours! C'mon Euphoria!!! 

pretty cool when a plan comes together, isn't it?!

as planned got into the AAPL weekly 615 calls right after 10AM. Also had a buy into the close yesterday, but I usually don't go for overnight trades. 615 calls doubled, took some profit here at lunch hour, right when Q's stalled out at my target. still holding some AAPL. Still looking at 615.89 trgt, lets see if we get there today.

I'd be interested in some of your charts if you can post it. I can't get my SF indicators on TC, but would like to make use of TC a little more.

All out of the 615 calls. broke a trendline on 5min chart (had to draw it myself, since an erroneous price bar at 12:15 messed up my trendlines).

http://screencast.com/t/cxLkUe2cTbMp

Less interested now on the long side for tomorrow's exp. but that can change if it can brk the 615 lvl

Had some sell signals on 5min and hourly charts on indexes. right after 12PM.

Oh yeah! It's real NYSE when a plan comes together. I was shaken out, before getting to my target. I did make a profit. QQQ I should have set my sell stop, and moved on. My trigger finger is t00 itchy when it comes to targets, big bro. It hit 40 just as I had calculated from yesterday! I love the QQQ consistency. Also, I missed out on AAPL, which we were both watching. I like that you took AAPL over night. I wish. I would have! Due to internet problems.I missed out on this mornings huge come back. My fault. My target was about the same as yours. Well, we both know that was an easy 100% + gainer.   PCLN, FFIV, V are my other options I adore. I have studied PCLN inside and out.  I had really expected a better Philly Fed report and super POP. My next bad belief was thinking the market was just going to tumble directly after that report. When there were a huge amount of intraday bullish setups coming back from daily bullish setups that commenced from the open. I, too, believe that we will see a nice pull back soon, but seemingly, there are quite a few bullish EPS reports coming out! Just to put it out there. I really need to focus on strenghtening recognizing patterns. Prediction and anticipation do not work well together. Makes me feel like that Doji/spinning top at resistance on the Compaq. LOL.  Here's to a steady hand and good measure.

right after i exited my AAPL trade, I saw this peculiar pattern yesterday afternoon, this might explain it:

in any case, interesting read.

http://blogs.wsj.com/marketbeat/2012/07/19/sawtooth-trading-hits-coke-ibm-mcdonalds-and-apple-shares/

http://screencast.com/t/9gAvwh2soq

Earnings next week, all optionable, weeklys in green, price>$40, vol>2mill.

WMT, one I don't trade weeklys regularly, but daily chart caught my attention. It reached my upside target end of July, and has pulled back since. Friday one of my indicators triggered a long entry at 71.69

daily chart : http://screencast.com/t/bBwA7rA9mO

Hourly chart exhausted itself to the down side between Tuesday and Thursday. If it can brk the 72.34 - 72.53 my 1st target will be 73.71. which is also right at the 61.8% retrace.

hourly chart : http://screencast.com/t/6HMZkfmb

I'll be lookign at the weekly 72.50 calls and/or a 72.50/75 Sep BullCall vertical.

below 71.70 and trade is off. Below last weeks low, then 1st support at 67.06

WMT 72.5 weekly calls in at 0.34, exit 0.54

SPY at 61.8% retrace of last weeks range. and backing off. need to see it break above for new longs.

Im going to revive this old thread because the discussions were great and some very great trades were posted.  I hope the same will continue from this point on.  My option strategies have changed dramatically but with this said I still use a short term time frame.  I mostly sell OTM credit spreads with high probability chances of expiring worthless, and attempt to make 1%...5% per week.  It's a rather conservative strategy and has been very effective for me.  I would love to hear from others who also trade options.

I'm very interested in scalping weeklys or holding them for a couple days if the chart looks great. I've been to some Online Trading Academy courses and like to use the supply and demand zone strategy along with a particular Bollinger Band set-up, 15 period and 1.5 standard deviation.

I've been looking for some good weekly options discussion. Hope the thread revives and continues.

Steve Bukosky

HI aks, thx for bringing that up. Let's elaborate on it a little more. I only trade between 1strike ITM and 1strike OTM directional options. or a vertical spread if i want to hold a little longer. "longer" meaning a couple days up to exp.

I have tried selling OTM verticals once, and I got burnt really bad. I'm not a big wiz on option strategies but for example if I compare selling a 1strike OTM put spread versus buying a 1 strike OTM call spread, it seems to me that OTM put spread sell has a much larger down side risk, then the call spread buy,

here's an example of selling a 1strike OTM vertical put spread versus buying a 1strike call spread in AAPL, as of the close today. The call spread (buy) on the left has limited down side and more upside, while the put spread (sell) has more down side then upside.

Sorry, I am comparing selling a put spread (right chart) versus buying a put spread (left chart)

OMG that happens if you try to multitask, and there is no "edit" function on this forum. sorry; one more try:

buy a put spread (left chart)  versus sell call spread (right chart)

For the ones that went short with me on AAPL. here is where I set my trailing stop:  http://screencast.com/t/hDLcc84JScU

Ha, and that's how you call the LOD. the forementioned long put spread traded at $3.60'ish a near 150% profit, or about $2100 profit on 10 contracts. The forementioned short call spread traded at $0.09. about $1150 profit on 10 contracts.  I prefer the buying of verticals versus selling of verticals. Again I'm not a big option guru. So would appreciate anyone's input on any option strategies for short term trades.