In this yelp position trading video, I am going to do an update on the yelp trades done from 3-18 through 3-28. A couple of the key decision points in the video are: (1) why ratio call spreads were done in one case but not others (2) a renko trade that was counter momentum on the position chart and projecting the price of a price momentum divergence.
When we discussed the labelled renko chart and the different stock and options position trading scenarios that could be made, we were looking at a renko chart for yelp. This video now goes through those same marked areas, along with the yelp position chart, and discusses the actual trades that were done.
In this trading video I am focused on discussing: (1) Position trading, especially for an ETF portfolio – and comparing a 60 minute chart to a renko chart ‘matched’ to it (2) Adding the USO ETF to the portfolio – and discussing trades for the last month (3) Our renko brick size and price envelope percent parameters – and how I have been using a ‘visual’ approach to select these.
I have continued the trading video discussing renko base trade setups on the emini russell, now talking about position trading the IWM Russell 2000 ETF. Of specific note is how our trading method can use the same trade setups, regardless of the underlying, time frame, or chart types.
This video discusses an emini russell day trading chart and whether any renko base trade setups occur – and if not, can any of the price envelope reverses be trade? Additionally discussed is the russell etf and position trading it on a renko chart as part of an etf portfolio, using our stock and option trading strategies.
Copyright © 2023 Tactical Trading, LLC.