The OEX options market is a place where fortunes can be won and lost. We have
paid for many option services over the years that have not resulted our success.
We had to DYI (do it yourself), so we did. The trick with options trading,
is of course timing, and you better be good at it. Here is a watered down strategy
we use to 'pay the mortgage' trading OEX options. Option trading is not for
newbie option trading gladiators. Newbies are slaughtered before breakfast
in this arena.
Spec's for this chart.
Direction Bias: LONG RTT
Market Pulse: 28 periods (Long signals only ie Blue, shorts turned off) Hurst
Cycle: 34 periods
Chart Type: Cycle Chart
This site also uses Wyckoff and Gann tools for overall market trend and market
health determination.
There is at least 9 out 11 winners in this chart. Stop loss would be via our
Trailing stop tool set at a 3% max loss. You are welcome to join our membership
(when we go live).
We are financial market enthusiasts using methods expressed by the Gann, Hurst
and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides
online stock and index charts with commentary. We are not brokers, bankers,
financial planners, hedge fund traders or investment advisors, we are private
investors.
LEGAL DISCLAIMER: The material is presented for educational purposes
only and may contain errors or omissions and are subject to change without
notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible
for any actions you may take on any comments, advice,annotations or advertisement
presented in this content. This material is not presented to be a recommendation
to buy or sell any financial instrument (including but not limited to stocks,
forex, options, bonds or futures, on any exchange in the world) or as 'investment
advice'. Readtheticker.com members may have a position in any company or security
mentioned herein.
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