Just Price Action, Trend Lines & Channels - Just keep it simple and follow the BIG BOYS!! - Follow me on Twitter https://twitter.com/MarketSwingPlay --- All trades posted are just for my own personal use, so trade at your own risk.
all calls are based on extrapolations of the time-series. i.e. "$EURJPY 13050.stop":"13050" is dividing BULLS from BEARS. "stop" this idea "bearish/bullish" at the given level.
>>> only buy into an instrument which lost downward momentum <<<
Specialist, CHX / Chicago Stock Exchange, 1984 - 1991 Member, Market-Maker, CBOE / Chicago Board Options Exchange, 1990 - 1994 Member, Local Trader, CBOT / Chicago Board of Trade, 1990 - 1994
Trained B.S.-R.Ph. with a Biotech bent
J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. and the Senior Editor of Allstarcharts.com. He Earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association.
Trading triple leverage $TNA, $TZA, $UVXY, $XIV, $NUGT, $DUST, $JDST, $JNUG. No options trading here. My posts are based on what I see on the charts. I am not suggesting to buy or sell. Trade at your own risk.
Trader of options
Use Bullish and Bearish options to play the short term movement of stocks.
Focus on high beta stocks, Volatility Plays, and many others... Will use butterfly, condor, and credit spreads at times.