04/13 Vacation in Brazil

YES!!

I'll be enjoying some time with my family back in Brazil for the next 3 weeks. Who knows, maybe more. Tomorrow will be a traveling day, so for the first time I'm trying something new with the contingent orders: multiple-days..

For my normal contingent orders I have a set of 3 orders on OCO. My normal process is to start with a small mark+something offer, then if the market continues to move against, I go with a small increment as a second offer. Finally I have a BID/ASK continent in case the first 2 offers didn't get accepted. This has been my normal mode for the past, these are DAY orders that I re-create every night.

Well, since I'll be traveling, I created an OCO package with two sets of 3 orders. The first set is configured to be triggered and cancelled on the 14th, the second set is configured for the 15th.

The reason for placing them in the same OCO package is because I won't be monitoring if they get triggered, so if something happens Tomorrow, I don't want the same order to trigger again on Wednesday...

04/13 EWZ Double Diagonal

Ok, EWZ continues to push forward. Right now we're very close to the up-side adjustment. It is the first adjustment zone, so I'm not too concerned.

As for good news, we're beyond 85% profitable on the PUT diagonal, so I have an order to take it off, also, we're at adjustment #1, it isn't the end of the line for the Double-Diagonal. I still am a fan of this trading style. Look at how harsh the up-side swing was, we still have a good fighting chance.

Bellow are dashboard and profile:

04/13 MNX 45-Day Condor

MNX also seems to be showing signs of losing its up-side momentum, but then again, only the future will tell. For now, the probabilities to stay another day are good, I'm looking to have the PUT spread removed with the 80% profit (the orders are in since Today)

Dashboard and Profile:

04/13 RUT 52-Day Condor

Another day on the board. RUT gave some signs of easing off from the bullish pressure, however it was pushed back up during the intra-day action. My technical reading is that this bullish movement is loosing its strengh, but then again, who knows where it will go next.

All I'm focusing on are the probabilities, AND the fact that the PUT spread is about to come off for .10c (80% of profit reached).

Dashboard and Profile bellow:

04/13 Update on Today's trade

I've decided to wait a couple of days, and only enter the 36-day condor on Wednesday, with about 30 days. This being expiration week coupled with bank earnings, staying on the sidelines for a few extra days won't hurt much.

I'll be traveling to Brazil Tomorrow, so won't be posting, but I plan to be back and running on Wednesday and then I'll place the next condor.

Cheers!
Gustavo

04/13 Condor Candidates for this week

The following are possible candidates for this a 36-day condor that I'm planing to enter this week. The charts and profile pictures were taken this morning, so things will change. I filtered the candidates using their recent Price action, and will further evaluate what position I preffer.

Note: As always, this is not trading recommendation, any trader must do his/her own research before getting in any position.

OIH

USO

XLE

BIDU

04/13 Calendar Candidates for this week

Based on the Price behavior charts, I've studied the following potential Calendar candidates for this week. Note I'm not recommending anyone to place any trade, each and every trader must do his/her own homework before getting on any position.


I'm considering the following stocks/Indexes as potential candidates for Calendars this week:
DBA Calendar:

TLT Calendar

USO Calendar:

XLE Calendar: