The OEX options market is a place where fortunes can be won and lost. We have paid for many option services over the years that have not resulted our success. We had to DYI (do it yourself), so we did. The trick with options trading, is of course timing, and you better be good at it. Here is a watered down strategy we use to 'pay the mortgage' trading OEX options. Option trading is not for newbie option trading gladiators. Newbies are slaughtered before breakfast in this arena.
Spec's for this chart.
Direction Bias: LONG
RTT Market Pulse: 28 periods (Long signals only ie Blue, shorts turned off)
Hurst Cycle: 34 periods
Chart Type: Cycle Chart
This site also uses Wyckoff and Gann tools for overall market trend and market health determination.
There is at least 9 out 11 winners in this chart. Stop loss would be via our Trailing stop tool set at a 3% max loss. You are welcome to join our membership (when we go live).
Risk Disclaimer: All trading is at your own risk.