Strat's PASR Long Term, Stress Free Trading

Quoting darko2010

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I try to avoid trading on monthly option expiration days (3rd Friday of the month) on US indices as it is mostly a mess. When there are significant open interests far away from price, it can be interesting, but right now, we are stuck between 3950 and 4000 where we have the largest pools of calls and puts. I think I will do something else with my day today {image}

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Quoting 2be

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{quote} I am back for w while. On the 3rd Fri and a few days before there are unusual moves, usually Tue,through to Fri when the PA goes away from the median zone just to return to it and swing the other way, away from the median and in due time it returns to it again. Though the volatility at time is much higher, the rules of the proven trading strategy must be adhered, but with extra vigilance. IMHO these swings are created by the ingenuity of the market and in this case, the ingenuity of the market which guarantees the option traders, both writers...

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Quoting Strat

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M1, M5 & M15 EURO {image} {image} Slightly different trading style today - larger position, larger risk and forcing myself to tolerate drawdown - don't like it, didn't feel in control so will revert back to my normal style.

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Quoting darko2010

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{quote} Nice M1 trading Strat, as usual I believe the weekly is trying to say something... I would favor shorts starting next week {image}

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Quoting 2be

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{quote} it is not that simple, puts might be rolled over in expectation of Christmas rally

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Quoting 2be

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{quote} “Don't wish it was easier wish you were better. Don't wish for less problems wish for more skills. Don't wish for less challenge wish for more wisdom” Jim Rohn Often in life things that are very challenging bring good benefits, likewise in trading what appears to be in conflict with emotions/psyche of a lonely trader who is also a manager, tutor and developer of that same trader, sitting in front of the monitor/s, to be profitable it is necessary to go against untrained emotions and habits, until they are subdued or even better when these...

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Quoting 2be

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{quote} Hi bistolis, Out of respect for Strat I do not want to confuse and clatter a clean system that he has worked out and which works for him! In agreement with Strat PA is the King, the Queen, the cup bearer, the butler and the nannie. PA creates Market Structure of HH/HL and LH LL, they are inseparable like fire and smoke, but some fires give more smoke than others! Adding to it a few MAs and trend-lines and that is all. Forgive me Strat if I have written too much. 2be

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Quoting darko2010

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Bistolis, Sometimes it helps to take a step back and look at the bigger picture On a daily chart, the trend is clearly bullish. The red line would have been my stop for intraday longs The blue line would have been my support level to try longs Longs above the red line have a higher probability of success. Shorts below the red line have a higher probability of success until the blue line Still PASR, but I only use price structure {image}

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Quoting darko2010

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I try to avoid trading on monthly option expiration days (3rd Friday of the month) on US indices as it is mostly a mess. When there are significant open interests far away from price, it can be interesting, but right now, we are stuck between 3950 and 4000 where we have the largest pools of calls and puts. I think I will do something else with my day today {image}

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Quoting 2be

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{quote} I am back for a while and grabbed few points on DOW

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Quoting darko2010

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{quote} I agree Those put premia must burn, that's why I have a long bias for the day {image}

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Quoting Strat

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{quote} I try to avoid trading on monthly option expiration days (3rd Friday of the month) on US indices as it is mostly a mess. In my early days, I used to follow the advice of the many so called "gurus and experts" on public trading forums - ""Don't trade on Mondays and Fridays and load up on Tuesdays and Wednesdays" until my trading experience told me that this is total nonsense as each day is different, each hour is different, each minute is different. I trade when PASR opportunities are presented no matter what day it is, what hour it is, or...

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Quoting Strat

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{quote} I have never understood Options - too many variables for a simpleton like me.

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Quoting darko2010

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{quote} Nice M1 trading Strat, as usual I believe the weekly is trying to say something... I would favor shorts starting next week {image}

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Quoting darko2010

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{quote} I know Strat, I heard you say that before and I would agree that price action is all that matters, irrespective of the hour/day/week. But as I spent more time trading ES, I really believe that OpEx days are really trappy, especially during bear markets, as evidenced by what happened on Friday. And, despite what I said initially, I took opportunities and made a little money without any drawdown, the latter being my objective on a day like this. The put/call barriers I posted were not leaving much room for that day and I didn't want to conclude...

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Quoting darko2010

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{quote} I would explain, but I don't see the need for options if one knows how to use PASR I prefer to keep this thread clean

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Quoting Strat

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{quote} I'm no expert but I would think an Inside Bar will follow that doji {image}

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Quoting Strat

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{quote} Interesting that you trade the S&P 500 (ES), darko. I tried it and found the PA too erratic and jumpy for my style which is why I trade the Dow which is smoother when the EURO is "dead".

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