Starting it off.

Al

Paper trading. Lost some on Weekly NVDA calls earlier today. I decided to reenter by buying NVDA puts after my loss on calls. The put options did well and I was able to salvage the trade and it wotked out with some paper profits.

Al :--)))

Duane,

Good to hear from you.

Al :--)

Originally posted by Duane

Excellent work Thank you.

Originally posted by rat89

gdx 15 - using median line sets as a predictive tool....the move down starts at the upper anchor point of the swing high, and targets the median line, tags it once, then twice, hitting the minimum trade target. At this point, price can either coil, accelerate, or reverse, and we can look to the cyclical indicators and the larger time frames for clues. Adding a bullish median line set and calculating the key fib areas around the prior high, of both internal and external retracements, give clues as to where a move up might target. Once the median line of the purple set has been hit, the upper line of the purple set fails to have a predictive use in my tools, as it no longer counts as a retest area given the fact that price went all the way to the median line target. That doesn't mean price couldn't happen to stop there, but over hundreds of samples, I can say that this isn't a high probability trade - from the median line back up to the upper line. Only if the median line were NOT hit. The lower line would still be in play though.

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