Options Trading Considerations When Indicators & Price Action Seem Extreme | Technically Speaking

Options Trading Considerations When Indicators & Price Action Seem Extreme | Technically Speaking

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counter trend trading trading extremes trading with the trend let's get this week rolling stick around [Music] good afternoon and welcome everyone to technically speaking and technical analysis and options my name is pat malali and i'm joined in the chat with brent by brent morris with all of you welcome everyone hope everybody had a great uh wonderful weekend as um fall is upon us and uh uh bomb cyclone and the atmospheric river all kinds of new names for things that are going on out there but are we seeing any of those types of extremes in the markets we're going to take a look at that before we do any of that let me say hello to wayne and sebastian and tony and krishna and ganesh and krista and george in texas scott and everybody else says joining uh as joining in and everybody that is on uh the uh recording listening to the recording welcome welcome welcome george in texas i think i said that mike mccarville um chris christa paul frank jin k wei shubee and other people that are rolling in hf let's get out there and start talking about the important information we need to make sure we understand it's very important that we realize that this is everything we're doing here is for educational informational purposes only not recommendations of any security or strategy or account type we will be talking options but remember short options uh will or can be assigned at any time up until expiration regardless of the in the money amount now and then the money option has a higher risk of being assigned early also important if you are just starting out and learning and you're using the paper trading virtual trading application that will not assign those short option positions early this is very important that you understand because you could be caught uh in in real money account when you go to trade real money with a short option that can be assigned early and that's going to be very different than a real trading account in your paper money account uh probabilities we discuss are exactly that probabilities theoretical in nature not guaranteed and delta gamma vega theta uh price time volatility uh the the measures of those things there are transaction costs 65 contract per contract option per options contract fee applies to all options trades futures have a 2.25 fee there are zero commissions those apply only to u.s exchanges to stocks etfs and option trades remember you can follow brent and i on twitter at um p malali underscore tda that's following me if you want to follow brett it's at b moore's underscore tda that's m-o-o-r-s noe at b-moore's underscore tda okay let's uh whoops let's uh pop out there and get rolling today what we're going to do today is we're going to discuss uh well actually i made some trades earlier in the day we're going to discuss those trades and other trades we're going to make this a sample trades and make sure you understand these are not recommendations these trades have already happened uh and uh these are just for us to track on an educational basis uh we're gonna discuss these uh and we'll uh uh throughout the week different things what are we going to discuss we're going to talk about counter-trend short-term counter-trend trades uh via options and we'll we'll expand on that going forward in the week we're going to talk about this week also short-term trades with the trend and that may be either with options and or stocks and we'll also look at trend trades using these methods all of these methods all these ideas are going to be considered around extremes either something that is presently at an extreme indication uh the quotes heavily on indications because we're going to be looking at indicators there are no guarantees they're just indicating some kind of action and that is going to be around built around the bollinger bands the bandwidth and the rsi the reason we're using bandwidth again i had a a question come up on twitter about is there a way to do i have a script or can i build a script uh to show when uh stocks are narrowed uh uh in on that bandwidth we're just going to show the bandwidth i'm not that great of a a programmer so if you're listening i apologize for that that's beyond my uh beyond my ability uh as a uh as a script writer but somebody out there probably knows how to do it either ken rose and or maybe even john mcnichol but it might be a fairly extensive script sorry for my voice i'm still getting over the surgery that i've gone through the intense surgery seems to have really uh messed with my throat so it's a bit scratchy uh so quick look at the markets here s p 500 up uh four tenths almost a half a percent uh for the uh for the day uh and let's uh collapse some of these and we can see that right here uh nasdaq uh the the tech stocks getting a bit of a rally rolling here up nine tenths almost a whole percent on the nasdaq 100 that's the top 100 stocks in the s p 500 the russell 2000 garnering up a little bit of a strength trying to see if it can get to some kind of new high not yet some people may wait for that to happen before they do anything the dow jones only up two tenths of a percent the nasdaq comp the total nasdaq itself all the small ones and the large ones up eight tenths of a percent with the yield down one point two seven percent so yields down the 10-year yield this isn't all of the yields this is only one uh that a lot of people pay attention may pay attention to uh down 1.27 that may be why we're seeing some strength in the nasdaq the vix coming off as well as the market moves up that counter that counter relationship that we see with the vix uh the volatility index if you don't know what the vix is the vix is the measure of the implied volatility on the s stocks in the s p 500 uh up to uh on calls and puts to a bid of zero all right let's pop out there take a look at what we've got here uh breath uh just a measure of breath using the new york stock exchange up down volume 66 percent of the stocks right now the trades that have happened on those somebody buying one and somebody's selling the same one at the same time uh those 66 of those have happened on an uptick and we've got the uh up or excuse me the advance the measure of advanced net advancers and decliners using the mclellan oscillator still trying to work its way back above 150 so slogging along question that a lot of people may have are we from a technical aspect going to break out or are we seeing some kind of a slowing double top type of action right now right now it's above and making all-time highs doesn't mean that will stay there anything can happen there's still time left in the day okay let's pop out there and talk about uh some of the what we're going to talk about this week and maybe even into next week and kind of get an idea of extremes this is uh you union pacific now i've made a trade on this we'll talk about this in a moment but let's look at what what these things are telling us for those that may not know remember this is technical analysis and options technical analysis and options back in here whoops and so we're going to look at some technical analysis now remember that uh technical analysis in this webcast uh there are other approaches including fundamental analysis that could assert different views past performance does not guarantee future returns i forgot to say that that's very important you understand that uh that just because something happened in the in the past in the near term doesn't mean it's going to continue to so too that way so all investing involves rest including the risk of loss all right so now that i've done that uh let's talk about the top pane here of course we have price uh when i said we're going to look at prior you know possibilities of extreme indications well indications you know you can see price can give us some extreme indication i'm going to take off my back brace here sorry for the noise um extreme indications and some of you may know what bollinger bands are some may not bollinger bands are uh a measure of um uh the standard deviation now bollinger bands are going to be found in our beaker here in the technical in our technical studies if i click on that beaker it's going to say edit studies and strategies and you can come over here and scroll down or just type in bol and you're going to find bollinger bands uh if we click on the little um we can double click on this and it'll put this over in here i'm going to take that off or you can highlight it and add select it and it'll put it over on the right side but water bollinger bands they are going to look at two lines plotted by default the defaults can be two standard deviations and why does that matter well for some people not everybody some people a two standard deviation move is uh is a pretty far move and they may make decisions based off of that it doesn't mean it'll stay there and we're going to look at that in in fact as a when we look at uh what's going on with um uh union pacific right now and a few others that might be out there but two standard deviations above or below a moving average in this in this case we're using a specified length which is the 20 period moving average the upper band uh represents the overbought so-called overbought remember that term is uh doesn't is not hard and fast meaning that hey it's over boss got to come back down which you you can see on the side here it doesn't have to come back down and that's this that's going to be part of the discussion of why somebody might choose to make some kind of decisions based off of this kind of action today so um robert says does the fact that the mcclellan oscillator is not moved after hitting the upper line have any significance it's just an area very similar to what we're going to be talking about with bollinger bands it's an area where we look at those areas as to be a measure of maybe perhaps a bullish bias or or less less bearish let's say it could be anything it hasn't really done much we still price is the number one thing we're just going to watch prices on a technical basis so the upper line with the bollinger bands uh is two standard deviations away from the midline and the uh the bottom line on the bollinger band is two standard deviations away from the midline in theory right because you can see here price moved back way back over here price moved to standard deviations and just kept going that's called walking the wall or i call it the upper groove and you can see the same thing can occur on the on the uh on the downside whoops put my drawing tool back in here same thing can occur on the downside two standard deviations some people may decide they want to take profits when price moves up into that area expecting price to move either back to the midpoint of that bollinger band or down to the lower line now again this is not just going to be today we're going to look at this going forward use this different in different techniques we're going to incorporate candlestick you know indecision type candlestick patterns uh volume and the rsi going forward but number one price is still king and if we look at this without the bollinger bands let me pop in here open this up i'm going to uncheck the show studies click ok and apply we can see that price has moved pretty far pretty far and it's it's ex some people may say it's extended what does that mean it means it's gone pretty far and they're going to have the the uh thought that price can't can't go any higher well price can do whatever it wants uh in 2006 intel went up 28 straight days in a row you're going to see that happen anything can occur so just make sure you're you're measuring your risk don't risk too much thinking this is the most perfect thing in the world because nothing's 100 this could keep going or or it might not but it has moved quite far and after earnings even after earnings it decided after a strong run up into earnings it kept going right a lot of people may have said well after it's it's priced in and after earnings that may want to fall well so far it hasn't and that may be the case for a lot of stocks sometimes they will continue to run for several days or a few days after earnings not all of them so we put the bollinger back on and we see that this is really run really strong really far now i'm going to skip over a a i'm not going to excuse me i'm not going to skip over volume because we've got price we've got the bollinger band saying that this is probably gone uh perhaps let's let me let's manipulate this bollinger band real quick here i'm just gonna come in here oops come in here i'm going to click on the widget right here this gear looking thing if you're new uh right there that gear the in there we can manipulate uh the numbers inside of the information over in here and on the upside the uh the uh the the positive one here let's move that out to four standard deviations so i'm just gonna change that to this two standard deviations or excuse me that's 20 day moving average two standard deviations and we'll move this to four standard deviations oops and then we'll hit enter and okay apply and you can see we haven't moved four standard deviations let's put this down to say three okay you can see here after about four days it moved about three standard deviations and then it started to trend it started here and so we know it's been about a little bit out of the ordinary sometimes you're going to find things that are going to move three and four standard deviations and one fell swoop it doesn't mean they can't keep going but it's it's moved pretty far pretty fast some people may decide they want to some investors may decide they want to pair back their position a little bit and that's kind of the discussion we're having here today will is that a possibility is it a probability well anything's possible but again we don't know for sure so if we look at the volume the volume here has picked up the volume has risen as price started to to break out to the upside so we've got good strong volume showing uh demand coming in as price is continuing to rise now when we measure something here i'm going to skip over the rsi for now we're going to come down in here to the bandwidth now where we get the bandwidth what is bandwidth all it's bandwidth is is this you see this squeeze in here some people call this the bollinger squeeze right here that's what you'll find in the in the books about bollinger bands the squeeze and it just means that the volatility in that's inherent in these stocks in the stock price has has calmed down in other words there's not a lot of up and downness for whatever reason it doesn't have to be straight flat sideways it just means that it's calmed down and when we see these squeezes and they get become inordinately tight how do we tell they're tight how do we tell that this squeeze is as tight as say this squeeze over here or this squeeze over here or vice ver or vice versa well we're going to use the bandwidth and all this does is same thing we're going to come up here to the beaker type in band bollinger uh bandwidth so bollinger bandwidth and when we put this it'll pop down into the lower study you see we have price bollinger bands will pump up in the in the top study or the top pane with price and then rsi is going to be in the lower panes as well as the bollinger band so when we look at these bollinger bands our bollinger band width it shows us a couple of things in in this instance we're not talking where i kind of tricked you here by accident we're not talking about the squeeze we're talking about an outsized upside move when you look at this chart now this is only a one year chart that we're looking at right here one year daily chart do you see the bandwidth do you see this bandwidth get all the way up into this purple line well here it did and almost here so what's that telling us what does that tell us and why how can we use that how can we use that to maybe decide somebody might decide to take some profits or to start hedging a trade or maybe use it to to a some kind of a counter trend uh spread trade of some sort well when we look at this when we look at these the bandwidth let's pop up here and get that bandwidth again let's come down in here and read what it does real quick indicator study expressing the distance between the upper and the lower bands on the bollinger band not on the bandwidth itself on the bollinger band and as a percentage of the middle band the main plot is accompanied by two additional ones bulge and squeeze it's the bulge we're going to be paying attention to right now the bulge plots the highest bandwidth the value reached over a specific period a specified period now this default period is going to be 150 days so this band the bulge over in here that we see today has been the highest the biggest bulge we've seen in over 150 days and that is important to some because it's it's it's considered an extreme it hasn't been there if you think about how long you know a quarter is 63 days half a year is 100 a half a year trading days 125 so we're over half a year uh we've not been seeing this bulge this this bulgy excuse me in quite a while so somebody might take that as a as a reason for perhaps it might be getting uh you know a little bit ahead of itself it doesn't mean you just go out there and short it or do something totally directional just want you to understand you've got to practice this you've got to make it your own these are just things that we bring to you for your own understanding let's up pop this down and put a two-year chart on and let's take a look at something because this bulge that we're looking at today is an upside bulge right well this up this is an upside bulge that's an upside bulge ah but price is going down so the bulge the direction of the bulge has nothing nothing to do with the direction of the stock what it's telling us is that the volatility has gotten really extreme in one direction in this case uh the bulge is telling us the volatility and back here in march you know the the uh covid area the volatility had gotten extreme to the downside and we had hit this upper uh had rallied up into this upper band now this had probably hit the bulge before this was the bear market and it kept going that's my point is that things can keep going but at some point they stop and that's where the rsi we've got to have the rsi come into play and this is this is the caveat this is the cautionary tale this was the bear market uh the pandemic induced bear market everybody was the volume was extreme as price was coming down well the rsi momentum had gotten very bearish it had dipped all the way into the 20s and it stayed there it had stayed there for quite a while so this is the this is the caveat this is the ordain this is the danger zone this just because the rsi is at an extreme doesn't mean that and the bulge is high doesn't mean that it has to turn right away right you want to take you want to take other things into consideration uh support and resistance you know what's the trend those types of things but we are going to use this in in in less extreme times like we have right now at least today and we're going to use this and come over here to where we can see where we are today and today we have this huge rally uh that's been going on since uh the beginning of the month beginning of october came down hit the bulge so this is the one of the points we want another point we want to make it bulged up into here as price was dropping as the rsi became over uh well over what's called oversold now on the rsi here i have um the the script that i've built that you can find on twitter uh the third this is just the normal default 70 being overbought 30 whoops 70 being overbought 30 being oversold and then levels in between that trend traders which we're going to be using you know going forward into this week and possibly next we're going to be using to use the same the same type of the same type of action the bollinger bands the bandwidth and the rsi and volume to maybe make some assumptions remember they're just assumptions so but when we look at the rsi here the rsi right now is trading at 80. rsi is a banded oscillator it goes from 0 to 100 but it hardly ever makes it to 100 it hasn't made it to 90 sure or higher i'm sure somewhere down the line it's made it to 100 very very rare but 80 is pretty high and it's usually an indication that of continuing trend not necessarily right now but we know it's very high we know we have a a bulge we know we're we're in an extreme with this with the the bulge here so we've we've watched this continue to run continue to run so somebody might take this and make an assumption and so that's what i did earlier today we went out and i went to the trade tab let's go over to the monitor tab here and i sold a call spread a 250 255 call spread uh 25 days out in time uh for a uh for 74 cents okay now the call spreads this is a short call spread meaning that there's short options involved in that remember short options can be assigned at any time if they are in the money but where did i do this at so let's go back over here to them up to the monitor tab and open up this uh the 250 is the short call strike the 250 is a short call strike so let's put that on here let's just draw that line in here i'm going to edit this and i'm going to make it exactly 250 by right clicking on the line coming down in the value putting in 250 clicking ok that's where the risk lies if price comes all the way up into this short strike the 250 that's where our risk lies up in here okay now nothing says it won't get up there it could get up there it could continue to go we don't know it could do something like this it could come up in here it could fall and then it could come back up and keep uh keep moving falling is something we'll talk about going forward this week and what we might be able to do use the same if you don't want to do anything now use the same idea out there in the future so tori says how can one tell when one can enter exit or hold a position that's the age-old question that's the question that you have to decide and unfortunately this way i'm going to tell you because everybody is going to run into this there's no perfect thing there's just no perfect place you have to learn for yourself you're going to have to take risk what is risk tori what is risk it's doing something without knowing the outcome doing something without having all the information and so what we're going to do is we're going to use something more plot probabilistic by selling something up in here saying yes price could possibly continue to go higher it could possibly continue to go higher and we could lose money it might move higher or it might come straight back down so when we look at the 250 strike come over here to the trade tab and put in unp i went 25 days out you can choose whatever you want and we chose a uh a delta of 21. you could have chosen a delta of 36 whatever you deem you want to do a delta of 21. it is a 5

dollar wide spread which means the the vertical itself can expand to be worth five dollars less whatever credit that you take in okay so that can be that's a five dollar wide spread unless your credit is going to be your risk we took in 75 cents or so so five dollars wide you've got four dollars and 25 cents worth of risk but the probability now remember this is delta probability delta's a proxy for probability and that is 21 chance that that this 250 strike will be in the money by a penny on expiration day but that's a proxy when we use mathematical when we use mathematical excuse me uh probabilities probability of out of the money is more like 80 percent now that does not mean a hundred percent remember these are probabilities they're not guaranteed you could there's a twenty percent chance that this can lose just always remember that that's why we check our risk at the door and do not take too much risk unless we will uh put ourselves in peril and we don't want to do that so we've got a higher probability in theory higher probability trade in theory it can move it's got another nine dollars to the upside before we get to our short strike we took in 74 cents the the assumption is you know in stick with me on this the assumption is that when we sell something you're making a you're making a statement when you sell something you're making a statement that price will not be there on expiration not that it won't be there before expiration or sometime between now and expiration it will not be it will be below that price if you're going to make money below that price on expiration there's no guarantee of that but with the assumption is that it could continue to move higher and but on expiration it will be lower it might be lower by a penny it could be lower by a lot it could fall down today we don't know but we're going to use the idea that using technical analysis and extreme indications that we have found strong huge bandwidth a huge bulge to the upside we've seen the rsi when we go back in time the rsi just going back two years as high as it's been in two years let's put this on five years let's just see what happens and it's high as it's been since uh september 19 2018 okay now let's let's look at that there's no guarantee just because we look at something that's happened in the past september 19 2018 when we saw it up in here you can see that the bulge got up into these purple areas as it got down into these areas and that's where that's where things stopped we had an rsi at 80 we had we had a bulge up into a place that hadn't been for 150 days and that's where price had a tendency to slow its upward in this case its upward movement in this case its downward movement with rsi over bought and the bulge being very high so those are just those are assumptions again we still check our risk at the door because anything can happen believe me and i've been doing this a long time and i'm sure a lot of you have you've seen a lot of things happen um brent brings up a point i think tony asks a question uh when there's a bollinger band squeeze is it more likely to go down uh when it expands no not necessarily there's no direction the bollinger bands do not tell us direction it just tells us the volatility where is volatility and if it moves how far has it moved according to standard deviations everything else all other decisions that you make are going to be made on price action support and resistance so on and so forth if we put a if we put a channel line and this is something we'll do later and throughout the coming days if i can get this to zero we put channel lines on this it's just now just two days really above its resistance line breakout line we're long in in theoretical or in in tech in technical analysis theory when you're you're going into the third possible third year of a bull market these breakouts have a tendency to uh not necessarily fail but struggle to continue straight up not always but sometimes and that might be something else that you learn down the road but that's that's the point of this trade so that's the trade we put on a 21 delta okay so let's move on to the next trade and that is tesla okay what do we see in tesla what what does somebody what might somebody do with tesla right now now i put a trade on with tesla tesla's gone above and beyond its bollinger band up in here let's pop over here uh to the bollinger let's just manipulate this bollinger again make this three standard deviations and you can see tesla has moved three standard deviations today far above or not far above it's just it's once you know one sigma more than uh than what the bollinger bands default is what the bollinger band default is and again some people may change these defaults from two to three you know or four and say i'm only going to look at things that have moved three standard deviations or four standard deviations you have to make it your own you have to make it so you're comfortable you're comfortable with a little bit of maybe uncomfortableness in there but we can see that tesla's moved quite a long ways after earnings with a big pop to the upside and but we have not reached the bulge as of yet right we have not reached uh the highest uh the widest bulge that it's been in the last 150 days let's let's move this out to say four years and see what we've got here and you're going to see see some similarities so here's a bulge big gap up more than two standard deviations probably three standard deviations on this day right uh this day right here back in uh what year was that october 25th just say look at that two days after uh after earnings very similar to what we're looking at today 2019 and then we saw the the upside start to subside it doesn't mean the upside's done it starts to subside not always because if we look at this bulge over in here well it did there too okay way overbought on the on the rsi as it was here so we're seeing some extremes nothing no similarities there no similarities there looking for some similarities we have a downside bulge okay so that is the story behind this one it's moved three standard deviations nothing doesn't say it won't continue to run right it's moved more than three standard deviations today or slightly more than three standard deviations that where the price is right now one really strong volume on a uh rsi if i put my cursor right at the end there 91. remember i said earlier that uh 80 is pretty high 90 is pretty rare well we're in the 90s zone we're up in the nose but maybe it gets to 100 who knows but we know that we still haven't seen that bulge so there may be more upside so what did i do here let's go over here to the monitor tab and it apparently has moved up since i put this trade on uh and that's it to be expected so we sold the 1125 call and bought the 1150 call this is a 25 dollar wide spread okay we sold it for two dollars and 50 cents in price let's take a look at the probabilities on tesla and so here sold a 33 strike a lot different than the one we sold before and it's up to you you can sell something that's uh down here at the uh say the 12 25 get even further away nothing at all wrong with that this one is in theory probably probably probability wise a little bit riskier if we sold something down here would say a 22 strike might have been a better idea selling the 1200 and taking in about the same uh the same credit as a matter of fact let's put this one on as well just so we can kind of watch and see what happens uh to both of these so i'm going to right click i'm not going to right click i'm going to hit confirm and send i'm going to send this to bollinger band with rsi and double check everything cell 1 vertical 25 dollar wide spread the 1200 and the 1225 for 2.35 cents and we'll send this and see if it feels right away probably won't because we sat on it for a little while okay so the first strike is up here at 11 25. let's go back over here to the chart and there we are we're filled there so 11 25 on the first one and i want to be i want you to i want you to be very cautious drawing lines and saying well that's far enough away you never know for sure right so that's our first one that we did so price can continue to move up into there uh and if that happens it over the course of the next few days very very well could we may see this get a little bulgy and then but what we're going to do is we'll look for this to maintain possibly maintain altitude moving up into here but then do something like it's done in the past just because something's happened in the past does not mean it's going to happen in the future uh especially with you know who knows what's going on with with tesla so that's that one the other one we sold was the 1200 strike so let's put that one up here we'll edit that property put 1200 in here click ok and that gives us two now that's pretty that's pretty darn directional but these are just again for educational purposes only see what happens as things go forward all right with that that's tesla same idea extreme rsi uh getting extreme on the bandwidth three standard deviation move today let's look at aso now aso is a little bit different here aso has moved two standard deviations but this is not necessarily the same type of a trade we've got increasing volume but the bandwidth is not at a bulge the bandwidth is at a squeeze now nothing says we're going to talk more about this on maybe determining possible uh future direction right that's what when nobody's predicting anything here we're using price we're using price we're using volume we're using momentum and we're using volatility in this case now with this squeeze this down here when this bandwidth is down here it's the it's the tightest the squeeze is the tightest it's been in 150 days so that means that uh there could be uh you know a possibility that it might it might run now that it's moving in a certain direction we've got volume picking up if we put a line up here in volume is starting to move to the upside i think earnings is coming up pretty soon we'll have to watch that one but again this for educational purposes only we didn't take earnings into account this is just demonstration and we've got the squeeze starting to pop out right so it's moved to standard deviation it's moved up into this upper band and what we might consider is that it might continue to walk this upper band so what we did on this one come over here to the monitor tab here is we bought a uh two calls for four dollars and 50 cents out 88 days now this is a very directional trade a very directional trade based off of movement that we've seen now now this is something we don't have time to go into all of this something we're going to visit tomorrow and the next day because we've got the volume we've got the squeeze we've got price breaking out to the squeeze we didn't sell something though we bought something we got very directional we weren't what we're saying now that we bought something and we're saying we're expecting price to go somewhere not to not be somewhere in other words we sell something we expect price not to be there on expiration we buy something we expect price to be there on expiration or before uh we did that in in conjunction with the fact that momentum is picking up but there's a story that's being told by momentum that you've heard me we we've discussed many many times before that has to do with these bands in here with these levels in here that uh may create uh give us a little more of a uh uh possibly a bullish bias again nothing's 100 but a possibly a bullish bias so that's what we've done with that and so we're gonna we're gonna follow this through we're gonna put we're going to continue this remember that the whole thing about this was when things are at extremes when ending when indications are at extremes and then we see some kind of movement that [Music] that can maybe give us uh some assumption that things uh something some change in momentum may be occurring either a slowing in momentum or an increase in momentum some some form or fashion and we try to develop those ideas over time we just did some two trades that were uh uh had a a slightly bearish bias meaning price could go up go sideways could go uh up or down and make money if it goes up a lot not so much and this one very directional that can make some money so all uh again we're going to look at counter trend which is what two of what we did today this was a trend tr a a short-term trade with the trend because the trend is up and we'll look at trend trades going forward so that's what we're going to be talking about going forward using this this kind of idea this kind of setup but you have to make it your own with that i'm going to conclude for the day remember uh this webcast uh discussed technical analysis there are other approaches everything we've done here is for uh informational purposes only not recommendations and you are responsible for your decisions that you make in your self-directed account if you like what you saw today please give us a thumbs up on uh youtube please subscribe subscribe subscribe it's easy to find all of the good great webcast content that we have and share it with somebody that you think can benefit from it and watch it again watch it again and get so you can get more out of it especially if you're trying to understand the bollinger bands take care everyone will talk to you soon [Music]

2021-10-29 09:32

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