QID Buy signal

A system I've been using for th last month uses the Market Forcast and the 8/21/30 SMA.
Entry is when the Momentum line is below 10 at close. Today it closed at 5.
So I put in an order to buy Aug 45 Call.
Although today's candle along with the last 2 day's candle form an evening star reversal pattern, I believe that is a longer term signal than the Momentum line and continue to follow this system for a short-term trade.


For some reason, the graph is showing today's candle again for tomorrow. Ignore the last candle.

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Aug & Sep Iron Condors

The chart below shows the Russell in about 15-month down channel.
I've placed several August & September Iron Condors around this. The light green boxes represent the IC locations.
Rather than doing more at the same positions, I spread them out as we've gotten the recent swings in the close.
At least, that's the plan. I have some of these already in place and have orders in for tomorrow for the others.



Edit: photo too wide. had to make smaller.

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Whiplash undermining Technicals

About 2 months ago, I had finally dug out of the hole I found my balance in after last Falls losses.
Then the most recent market whiplashes started and my balance has started to slide down again. Luckily not with the loud sonic boom of the last balance drop.

Every time I see what appears to be a solid technical setup, the market seems to do just the opposite.

So this month I'm trying not to look much at technicals and putting more of my available amount into high probability RUT iron condors.

With the Russell at 664, I am placing an order for

Sep08 750C/760C/560P/550P for $2.50

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