Member’s Video for Monday, November 20th, 2017
Indexes showing signs of consolidation so time to shift our trading tactics from directional to non-directional with index butterflies. We have a new toy to play with in MotiveWave and it has something to do with Bitcoin!
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SMS Issued Friday: **New Trade Alert – SPX income butterfly – Tier 4. BUY +1 BUTTERFLY SPX 100 (Weeklys) 19 JAN 18 2615/2560/2470 PUT @5.00 LMT In the Jan monthlies, sell 2 of the 2560 puts, buy 1 of the 2470 and 1 of the 2615 puts. Total debit should be $5.25 or less. Also, be sure to check out the chart room. All charts are updated AND we\’re officially launching coverage on crypto currencies -TG
Bitcoin $50,000 and Live SPX Options Trade Here’s a video showing live execution of the SPX butterfly initiated on Friday
Todd’s Trading Lifestyle Vlog #34 – Bad Bitcoin Trading and Good Whiskey
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Todd, Once again, did not receive the SPX income bfly alert but did receive the AAPL alert on Thursday. SMS sometimes seems to be sporadic.
Hi Todd, I did not see your AAPL position in the video?
HI Todd, I am a newbie here (not a newbie to Elliott though); you promised to provide information on how to set up to trade Bitcoin. Please do, judging by the response, the interest is high.
Thanks,
Mike
I get concerned when TV Shows start to develop content based on the latest trend. Often signifies potential top. Crypto currency show: https://cointelegraph.com/news/new-tv-series-about-bitcoin-like-digital-currency-premieres-tonight
On CNBC, there seems to be a lot of headlines talking about market (stock) top, etc. Makes me think we’re not at a market top. Guess, we continue to melt-up.