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Sunday, September 30, 2012

Weekend Portfolio Analysis (09-30-2012)

The SP500 started the week at 1459.76 and closed at 1440.67 on Friday. A loss of -1.31% for the week. That's pretty much in line with my expectations on last weekend portfolio analysis of a move smaller than 2%. We were reminded how weak current conditions are with a terrible 1.3% GDP vs 1.7% expected and an awful Chicago PMI of 49.7 vs 52.8. The markets, however, didn't tank.

Tuesday, September 25, 2012

CCI Divergence Indicator for Metatrader

The CCI Divergence indicator displays the traditional CCI indicator panel with the addition of both Regular and Hidden divergences that are also reflected on the price action screen. The indicator sends alerts via email (with attached screenshot of the chart), via mobile notification to your mobile device (Android, iPhone, iPad), and additionally pop up message and/or sound alerts in the Metatrader platform. That’s four different ways to alert the user. The period of the CCI indicator as well as the colors can be customized.

DeMarker Divergence Indicator for Metatrader

The DeMarker Divergence indicator displays the traditional DeMarker indicator panel with the addition of both Regular and Hidden divergences that are also reflected on the price action screen.  The indicator sends alerts via email (with attached screenshot of the chart), via mobile notification to your mobile device (Android, iPhone, iPad), and additionally pop up message and/or sound alerts in the Metatrader platform. That’s four different ways to alert the user. The period of the DeMarker indicator as well as the colors can be customized.

Momentum Divergence Indicator for Metatrader

The Momentum Divergence indicator displays the traditional Momentum indicator panel with the addition of both Regular and Hidden divergences that are also reflected on the price action chart. The indicator sends alerts via email (with attached screenshot of the chart), via mobile notification to your mobile device (Android, iPhone, iPad), and additionally pop up message and/or sound alerts in the Metatrader platform. That’s four different ways to alert the user. The period of the Momentum Indicator as well as the colors can be customized.

OsMA Divergence Indicator for Metatrader

The OsMA Divergence indicator displays the traditional OsMA indicator panel with the addition of both Regular and Hidden divergences that are also reflected on the price action screen. The indicator sends alerts via email (with attached screenshot of the chart), via mobile notification to your mobile device (Android, iPhone, iPad), and additionally pop up message and/or sound alerts in the Metatrader platform. That’s four different ways to alert the user. The period of the OsMA as well as the colors can be customized.

Moving Average Crossover indicator for Metatrader

The Moving Average Cross Over is a highly customizable indicator that displays the cross of two moving averages of your choice. The indicator sends alerts via email (with attached screenshot of the chart), via mobile notification to your mobile device (Android, iPhone, iPad), and additionally pop up message and/or sound alerts in the Metatrader platform. That’s four different ways to alert the user. The periods of the moving averages can be customized, as well as the method (Simple, Exponential, Smoothed, Weighted), the applied price (Close, Open, High or Low) and the colors.

Monday, September 24, 2012

October $SPY Bear Call Spread closed

Demo-Trading:
BUY TO CLOSE 17 October SPY 149 CALL @0.38
SELL TO CLOSE 17 October SPY 151 CALL @0.14

Debit: 0.24 

Saturday, September 22, 2012

Friday, September 21, 2012

A study on the commissions schemas offered by the most popular Canadian online discount Bokers

For  options traders, specially those who trade multi-legged positions (spreads, condors, butterflies etc), commissions are one important consideration when choosing a broker. With the increase of online retail trading in the last few years, commissions have decreased a lot, specially in the US, with its huge population, high levels of trading activity and obviously a wide selection of brokers competing.

In today's post I want to analyze the commissions schemas of brokers who operate in Canada. I will only look at commissions applied to options trading activity and how they affect traders on this side of the border. This is not a post to discuss who has the best trading platform, or the best customer service. It is just a starting point to quickly rule out some brokers, if you are an options trader who focuses on multi-legged positions or monthly income trades (Credit spreads, Iron Condors, Calendars, Diagonals, Butterflies etc)

Tuesday, September 18, 2012

OptionsTradingIQ promotion

Hey Folks just a quick note. My good friend and better blogger and trader OptionsTradingIQ, who has been a contributor to this blog in the past in the past, has this little nice promotion that you can take advantage of right now.
Go to OptionsTradingIQ's promotion now, and enjoy!

Saturday, September 15, 2012

Weekend Portfolio Analysis (09-15-2012)

The S&P500 grew 27.85 points this week. That is 1.94% in positive territory and there was plenty of activity in the portfolio including the first two trades of the October cycle.

Friday, September 14, 2012

October $RUT Bear Call Spread

Demo-trading:
SELL 6 RUT October 910 Call (@3.10)
BUY 6 RUT October 915 Call (@2.40)

Thursday, September 13, 2012

RSI Divergence Indicator for Metatrader


After building the MACD Divergence Indicator and the Stochastics Divergence Indicator, the RSI indicator was next in the queue. I also wanted to keep the same flexibility letting the user customize everything and I wanted it to be able to send you emails with screen shots attached, and even notifications to your mobile device if you wanted.

Stochastics Divergence Indicator for Metatrader


After being disappointed by all Stochastics Divergence indicators out there, I decided to implement my own and make it as flexible and customizable as possible. I also wanted it to be able to send you emails with screen shots attached, and even notifications to your mobile device if you wanted.

September RUT Bear Call Spread closed

Demo-Trading:
BUY TO CLOSE 6 September RUT 860 CALL @8.00
SELL TO CLOSE 6 September RUT 865 CALL @5.50

Debit: 2.50 

Wednesday, September 12, 2012

October SPY Credit Call Spread

Demo-trading:
SELL 17 SPY October 149 Call (@0.48)
BUY 17 SPY October 151 Call (@0.22)

Tuesday, September 11, 2012

An expectancy analysis of Regular MACD Divergences for the EURUSD currency pair

This article is a study about the effectiveness of trading Classical MACD Divergences on the EURUSD currency pair. My goal is to evaluate whether Classical MACD Divergences offer and edge and to somehow quantify the edge of the indicator that could lead to the development of likely long term profitable automated strategies.

Saturday, September 8, 2012

Weekend Portfolio Analysis (09-08-2012)

And Up we went! After two weeks of sideways action, Thursday delivered a solid elephant up bar and the S&P500 grew 2.4% this week. Then on Friday, the market was also able to shake off a poor Employment Report and remain in green territory.

Friday, September 7, 2012

How much capital do you need to trade for a living?

It is a good question, and one we probably never asked ourselves in the very early stages of our trading careers. How much capital do I need to trade for a living?

Tuesday, September 4, 2012

September SPY Bear Call Closed


Demo-Trading:
BUY TO CLOSE 16 September SPY 145 CALL @0.25
SELL TO CLOSE 16 September SPY 147 CALL @0.08

Debit: 0.17 

September RUT Bull Put Spread Closed

Demo-Trading:
BUY TO CLOSE 6 September RUT 780 PUT @4.90
SELL TO CLOSE 6 September RUT 775 PUT @4.20

Debit: 0.70 

Sunday, September 2, 2012

Useful resources for an Income Trading System based on selling Options

In order to successfully trade Out of the Money Credit Spreads for income, you don't really need the ultimate information that nobody has, nor the last minute headline before anybody else does. In fact you don't need to be looking at the markets every second and you don't really need real live data, other than the one supplied by your trading platform. In this article I want to share a list of websites and tools I use in order to generate ideas and stay in sync with the markets at the lowest possible monetary cost. In fact at no cost at all.

Saturday, September 1, 2012

Weekend Portfolio Analysis (09-01-2012)

Again, another week of mostly sideways action, with SPX opening the week at 1411.13 and closing yesterday at 1406.58, for a -0.3% performance. The low volumes persist with usual days between 60 million and 100 million shares on SPY, although we saw a little spike to 151 million shares on Friday, still far from the more common 200 million shares per day, but maybe a sign that normal activity will resume from Tuesday on.