Bonds are tracing out quite an interesting Elliott Wave pattern and we need to adjust this option position. If it plays out according to plan financials could become exciting again. Also, we’ll book some profits on AMZN based on this wave count. Be sure to sign up for MotiveWave Wednesday here
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what broker or what is the name of the options platform you use? I like the layout and payoff charts. I just watched you present a video on cnbc.com for spy put option for April 21, 2017
Hi Ezra, if you’re talking about the CNBC videos I’m using the Schwab Platforms. If you’re talking about the TLT video I’m using ThinkorSwim.
Hope that helps,
Todd
Can you explain me what they are and how to interpret?
Thicker Green: major long entry
Thinner Green: minor long entry
Thicker red: major short entry
Thinner red: minor short entry
Nalla,
You’re talking about the PowerWaves. The minor lines are based on the minor swing waves that offer more frequent trade entries. The major lines are based on the major swing waves that give you infrequent signals, but more significant signals. The green lines give you levels to establish longs on a pullback against the longer-term uptrend. The red lines offer short entries on a rally against the longer-term downtrend. I see you purchased the Fib course. I explained that in the course. Let me know if you have further questions.
Todd.