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BookingAlpha Option Trading Advisory

Saturday, December 29, 2012

Weekend Portfolio Analysis (12-29-2012)

SPX started the week at 1430.15 and closed at 1402.43 for a -1.94% loss. A new position for the January 2013 expiration cycle was entered on Friday when I sold a 134/132 SPY Bull Put spread. Essentially betting that SPY won't go below 134 before January 18.

Friday, December 28, 2012

Sunday, December 16, 2012

LT Trend Sniper Characteristics and Results

A sequel to the article LT Trend Sniper - A forex strategy that works, for my own future reference about the characteristics of the system.

Weekend Portfolio Analysis (12-16-2012)

SPX started the week at 1418.07 and closed at 1413.58 for a small loss of -0.32%. No position was entered this week as I wait for the market to reach an extreme level.

Friday, December 14, 2012

LT Trend Sniper - A forex strategy that works

For more detailed information feel free to download the LT Trend Sniper free documentation guide.

The LT Trend Sniper system is a Forex strategy that I designed and automated in 2012. It went through a live forward testing phase of two years (2013 & 2014) and it currently trades on a real money account.

The LT Trend Sniper is a simple system that operates based on one entry rule only and two exit rules. It is entirely based on price action and uses exactly zero indicators for its trading decisions. Its simplicity is what makes it robust and likely to keep delivering profits in the future as it exploits a very basic characteristic present in any market where trends are developed. It has successfully been tested in pairs such as: EURUSD, GBPUSD, AUDUSD and also GOLD (XAUUSD). Although the best results by far are obtained from the EURUSD.

Thursday, December 13, 2012

How to evaluate and choose a trading newsletter

I believe there's no substitute for being responsible for your own trading. Making your own decisions and not having anybody else to blame but yourself. But that's something that in order to truly understand, you probably need to spend some time in the markets, getting hurt here, fighting some battles there, getting some disappointments after some services didn't delivered what you thought they would, etc. You need to get some wounds, and learn from them as you lick them.

Sunday, December 9, 2012

Weekend Portfolio Analisis (12-09-2012)

I'm back into the game folks. After a month of pause in my trading, this past week, as you know I entered my first trade for the January 2013 expiration cycle. It was a RUT 870/875 Bear Call spread for 0.70 credit. The SPX index almost didn't move this week: from 1416.34 to 1418.07 and everybody seems to be scared of entering either long or short positions in fear of unpredicted outcomes out of the Fiscal Cliff talks.

Wednesday, December 5, 2012

January 2013 RUT Credit Call Spread

As per my tweet at 2:20pm, today I entered my first trade for 2013, with a RUT Bear Call Credit Spread in the January 2013 expiration cycle.

SELL 5 RUT 870 Jan. 2013 CALL (@3.30)
BUY 5 RUT 875 Jan. 2013 CALL (@2.60)