BestCentimeter

BestCentimeter Updated 

I am bullish for the rest of the summer on OIH. Energy prices and demand always rise in the summer. The technicals all look bullish, we've been riding a steady uptrend for about a year now and we are the point of breaking out of the lower value area and moving back up to over 400. Currently price sits at the 618 coefficient on the most recent swing hi-lo...

BestCentimeter

So after recent volatility in the markets, I decided to plot out a Phi Channel on the Daily HTF and a fib retracement from the low on the daily chart to the most recent high. 5250 is a very sticky psychological level that needs to be broken by the bulls. I give both my bearish and bullish potential projections here. What the range may look like over the next...

BestCentimeter

I feel its important for even the most advanced traders to take the time once in a while to re-assess the fundamentals. For newer traders trying to learn this is how I create models of supply and demand. I look on the daily or H4 chart for areas of consolidation followed by an engulfing candle and draw a line, if price returns to that line and doesn't break...

BestCentimeter Updated 

Short the 197.5 Strike for Feb 12 and Long the same strike Feb 18 Calls A 3% volatility increase would put my breakeven at 185~ 5%+ as low as 180. Debit of .39 | Current Mark @ .47 Limit order: .84 GTD 2/5 Expecting a possible retreat to the .382 level, possibly even the .5 level, then a bounce back up. I am kind of hoping for this as I'm also short a SPY...

BestCentimeter

There is clear resistance at the all time high from previous price levels. Unfinished auctions below, but good fundamentals have me thinking it will dip, as it did today, where I traded a Put Debit Spread and made 70% on top of my debit. Above average amount of new short positions have been reported. I believe what we are about to see with INTC and across the...

BestCentimeter

I like using classic patterns. I like to keep things simple. I used to throw a million indicators on a chart and thought it was helping. But now I do not. I may use RSI, MACD, or a Delta Volume lower study. Other than that I only ever use a couple of moving averages, maybe VWAP on the chart above. But here I have used Fibonacci Triangle pattern to identify a long...