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Re: [RT] DXU7



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There are a 100 ways to trade that situation.  My preferred way would be to take in the 100 and sell the 80 or 85 call and create a bear spread.  When I got the buy signal or reached the downside target I would buy in the 80 or 85 and I am naked long the 90.  When the upside target is reached I would then either sell the 90 outright or go into the 90 100 spread again.  If the momentum is gone there is always the 90-95-100 butterfly.
 
Ira
 
 
----- Original Message -----
From: ben
Sent: Monday, August 20, 2007 9:40 AM
Subject: RE: [RT] DXU7

Hello Charles

You CAN work with this price levels

You enter the trade long with a spread

Example

You are bullish on BA

And next time it hit 90 you want to get long

You buy the 1/08    90   calls and sell the 1/08 100 calls

Let?s say that   you are wrong and stock first goes to 85

You buy to close your 100 calls at profit and use money to buy 1 more call of 90

Then when stock hit 93-95 you get out

There is a solution for draw down, and money mgt

You can do 1 option or 100

Ben

-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Charles Meyer
Sent: Monday, August 20, 2007 6:39 AM
To: realtraders@yahoogroups.com
Subject: Re: [RT] DXU7

Ira-

Tks for your comments. Looks like I need to take more
time to learn all about Fib levels and price. It
obviously
works well for you and the students and that's good. I
could never work out if price was supposed to stop at 38%
50% or 62%; so for me Fib levels have been a dilema. Pice
your level and hope you're right about which level you've
chosen. I know you must look at Fib levels along with
other indicators as well as filters.

Chas
----

On Sun, 19 Aug 2007 12:14:27 -0700
"Ira" <mr.ira@xxxxxxxxxxnet> wrote:
> The method is proprietary so I don't have an explanation
>for how it works. That would be unfair to past students.
> The charts themselves, are as accurate as Ensign and
>DTNiq can make them. I do put the levels on the charts
>when I post charts.
>
> I usually post charts on the week ends so that you can
>print them and then mark them during the week to see if
>they do what they are supposed to. The commentary and
>analysis are mine and if you have a system that you are
>using you can use the information to reinforce your
>findings or create a certain amount of doubt that will
>cause you to recheck your conclusions. It is you and
>your system that is trading. I am not teaching a trading
>method on this site.
>
> Thank you for your positive comments and I hope that the
>site proves useful and profitable for you in the future.
>
> Ira
>
>
> ----- Original Message -----
> From: Charles Meyer
> To: realtraders@yahoogroups.com
> Sent: Sunday, August 19, 2007 11:16 AM
> Subject: Re: [RT] DXU7
>
>
> Ira-
>
> I don't offer a website or tutoring; so maybe this
>isn't
> an appropriate response. Having said that, here
> is my 2 cents about your website:
>
> * I love your comments. Good stuff for perspective,
>etc.
> * There is no commentary about how you arrive at the
> price levels on your various charts, so
> that isn't very helpful; or useful.
>
> Tks...
>
> Chas
> ----
>
> On Sun, 19 Aug 2007 08:46:05 -0700
> "Ira" <mr.ira@xxxxxxxxxxnet> wrote:
> > I guess that I will keep making spelling errors for
>the
> >web site. The correct address is
> >www.thetradersguide.net.
> >
> > I have just added the September Dollar contract to
>the
> >site. So the indices, Crude oil and the dollars are
> >posted along with the economic releases for the week.
> >
> > I will try to do the bonds a little later.
> >
> > Ira.
>
>
>
>

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