I try to utilize the same strategy whenever I can. It's not always possible, especially if market is not defined or rather when I have no idea how to read it. Just my plays are farther in dte. Takes longer for profit to come in but there is more varieties of entry options and more time to react.I am trying to place a DS close to one extreme or the other that way the risk of keep going in the same direction is somewhat minimized and a small pull back can bring in quick profits
Are you using some technical analysis or indicators when placing the trade or just some price levels or support / resistance ?I try to utilize the same strategy whenever I can. It's not always possible, especially if market is not defined or rather when I have no idea how to read it. Just my plays are farther in dte. Takes longer for profit to come in but there is more varieties of entry options and more time to react.
If you signed up for trade alerts it should be under My Stuff the docs folder is in thereTom please will you help me to find this document - esp. for the Definition of the OBR.
For the first trade, we're using an opening range breakout strategy (15-min bar). I"m considering adding more trades using Scott Ruble's ideas which is more looking for consolidation after a move or in a trendAre you using some technical analysis or indicators when placing the trade or just some price levels or support / resistance ?
I was more interested in Scott's idea for a directional trade if possible, how to spot a trend and when to get in , make an adjustment or get outI"m considering adding more trades using Scott Ruble's ideas which is more looking for consolidation after a move or in a trend
I think it is just selling put or call credit spreads at the specified delta or credit entered at the specified time and exited at the specified stop loss or indicated profit target. The P90, P75 and P50 are likely just taking profit at those points (percentage of the credit). The backtest is just of 0DTE trades. I got results including various performance stats for each of the backtests I ran just playing around with it. Not sure how valid the results are, it would be good to see more documentation regarding it.It doesn't look like it's finished or at least there is no explanation on how to use it
It has # of contracts but it does not have buy or sell
The expiration has a dropdown for P90,P75 and P50 is that supposed to be DTE ? Not sure how is this supposed to be used with 0DTE
I put some number in there but it does not find any matching trades so I think it needs more work or maybe you have to pay in order for it to work
Thanks Status1.I came across this video