Eman93
4,750 posts
msg #109899
- Ignore Eman93 |
1/7/2013 3:18:23 AM
here is how the RSI 2 works.. when the weekly, daily and hourly RSI 2 are all below 20 look to buy. the weekly tends to front run the reversal.... daily and hourly work well..
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Cheese
1,374 posts
msg #109913
- Ignore Cheese |
1/7/2013 11:04:09 AM
Eman93, thank you very much for the tip and prompt reply.
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jldelta
16 posts
msg #109958
- Ignore jldelta |
1/8/2013 10:50:07 AM
ZeroSum
>The whole point of this is to remove overnight gap down risk.
Using deep ITM calls would reduce, but not remove, this risk (by reducing the $ at risk). I can't think of a cost-effective way of removing such risk with this kind of approach.
I understand Connors has updated his RSI(2) work specifically for use with options, but I haven't looked into it.
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ZeroSum
33 posts
msg #109961
- Ignore ZeroSum |
1/8/2013 11:19:41 AM
jldelta, I haven't looked at Connors' latest writeup either. It might be worth spending the $50 and read what he has to say.
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gmg733
788 posts
msg #109965
- Ignore gmg733 |
1/8/2013 12:11:38 PM
If you want to go naked, go the other way. Out of the money you will have a very defined risk, benefit from gamma and you're theta will be close to the In the money equivalent and you won't have nearly the delta exposure.
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ZeroSum
33 posts
msg #109988
- Ignore ZeroSum
modified |
1/9/2013 12:38:03 AM
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