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Guest posted a topic in OptionsHigh leveraged trades in Futures & Options can be tricky. Stop losses can be used for risk management but a few stop loss triggers can take away a substantial part of your capital. What is important is the entries are timed precisely and once an entry is made, ride on the position till exit. Equally important is the stock selection which can give the best trending position. Using Triple Trend Oscillator one can analyze the long term trend and take position in a shorter time frame with a precision entry using a minor trend, all this information available on the same indicator. An advanced option trader has highly sophisticated tools to trade in options where each of the factors affecting option pricing is analyzed. However, for a trader it boils down to managing the intrinsic and time value of an option. Hence it is important for an option trader to know the trend force and direction before trading in options. A strong trending move can negate the effect of theta (time value erosion), keeping the option trader in profit, even when close to expiry. Trading naked options, if timed correctly, can become a relatively risk free, simple and high profit strategy . An option trader using the Triple Trend Oscillator will be in a position to judge the tend quality. The position of trend oscillators close to zero indicates sideways moves which can kill an option trader. The best trend structures would be when the trends are placed away from the zero line indicating strong trending move in either direction. Again the position of the intermediate and minor trend would indicate the trend strength and the trigger line could be used to take position in the direction of the major trend. Notice in the following chart, how the thin black line zero crossover can be used to make precise entry in the direction of a larger trend. Even if you miss the first entry or are not confident, one can always use the second crossover for a good directional trade.
Podcast for Friday 11/11/11 With Europe under mounting pressure to act quickly to tackle its debt crisis, the leaders of Italy and Greece moved forcefully on Friday to reinvigorate their governments and show their sincerity about economic austerity. Financial markets rallied on the news. MF Global fired all 1,066 of its brokerage employees on Friday, triggering anger and resentment about the firm's collapse after bad bets on European debt under former CEO Jon Corzine's leadership. How the abrupt, final blow was delivered upset many staff -- with some learning by e-mail and others through news on the television. "Fifteen years and no severance!" shouted one angry MF Global employee as he left the firm's offices on 5th Avenue in Manhattan after hugging the receptionist and doorman. Email from a CFRN Partner DeWayne, Futures trading is not currently my livelihood, it's a secondary thing. But I wonderabout all those for who it is, and how many had cash in an account handled by MF Global. For 2 weeks now my cash totalling over $17K is not there for me, and I'm not seeing any promising developments in the news reports. I find it especially disgusting that for those like myself, who had no trades on at the time, or who were fortunate enough to see trouble brewing and liquidated, are being put at the back of line, while all those with positions have had their accounts transferred and funded at another broker. It's pretty clear to me that the missing $600 million is not going to be "found", and so now they are saying we will have to "share" the losses. And who knows how long before we get it, how much, or even if. XXXX Our heart goes out to our Partner and friend, as well as all clients and innocent employees of MF Global. We continue to pray for a swift resolution and fully support more stringent oversight within our industry to insure this tragedy is never repeated. The Closing Bell inside the zone... The open of the 11/11/11 session Thursday afternoon was very quiet. Over 300,000 contracts traded in and around a 1 point range - our Weekly Trading Zone 1237/1238. There are many terms used to describe this type of behavior from "the market is coiling" to simply "a quiet market". Whatever you call it, when the Asian markets opened the moves were dramatic and somewhat unusual. The initial move of 14 points (Zone to Zone) took only 20k contracts. The next move (Zone to Zone) reversed the market and erased the gains on the back of just 40k contracts. The third move highlighted above required 50k contracts to complete (Zone to Zone). You will rarely ever see this type of movement during RTH - regular trading hours. On Globex it is more common but still a bit unusual. Always exercise additional caution and risk management when trading the Globex session and no matter what time of day you trade - Always use a stop! As the European markets opened the rally was on. First a 10 point Zone to Zone move followed by a 12 point Zone to Zone move, and then things got quiet. Not eerily quiet, just Holiday quiet. The final 4-5 hours of today's market racked up a fair amount of volume 900k+ contracts but again all in and around a 1 point range - our Weekly Trading Zone 1261/1262. Podcast for Friday 11/11/11
Dow: Basically, we're in for a major crash very soon. (possibly the largest in known history)... What would invalidate that prediction is prices rising above the '07 high (about 14,200.) The basis for this prediction is that normally a crash is ABC down... But in this case it is a major impulse wave down, that started with the '08 low. Gold: To-do Silver: To-do Oil: To-do About me: I'm 15 years old and I'm interested in the markets. I don't stick to one hobby for long though... So I may not be around forever. Please feel free to correct my predictions (maturely, of course). I will adjust them to any good tips you guys make!