StockFetcher Forums · Filter Exchange · Simple filter for long term option trades<< 1 2 3 4 >>Post Follow-up
Cheese
432 posts
msg #146566
Ignore Cheese
2/14/2019 11:09:29 AM

Fetcher[
/* https://www.stockfetcher.com/forums/Filter-Exchange/Simple-filter-for-long-term-option-trades/145896/99999 */
/* snappyfrog 2/13/2019 */

apply to symlist(SPY,QQQ,IWM)

and draw Stochastic %K(40,40,4) /* snappyfrog 2019 01 17 */
and draw EMA(13)
chart-length is 5 months

set{snappy_buy,count(Stochastic %K(40,40,4) crossed above Stochastic %D(40,40,4),1)}
set{snappy_sell,count(close crossed below ema(13),1)}
add column snappy_buy{BUY}
add column snappy_sell{SELL}
draw snappy_sell on plot snappy_buy
]



Cheese
432 posts
msg #146567
Ignore Cheese
2/14/2019 11:13:07 AM

Fetcher[
/* https://www.stockfetcher.com/forums/Filter-Exchange/Simple-filter-for-long-term-option-trades/145896/99999 */
/* snappyfrog 2/13/2019 */

apply to symlist(SPY,QQQ,IWM)

and draw Stochastic %K(40,40,4) /* snappyfrog 2019 01 17 */
and draw EMA(13)
chart-length is 5 months

set{snappy_buy,count(Stochastic %K(40,40,4) above Stochastic %D(40,40,4),1)}
set{snappy_sell,count(close below ema(13),1)}
add column snappy_buy{BUY}
add column snappy_sell{SELL}
draw snappy_buy
draw snappy_sell
]



dtatu
105 posts
msg #146568
Ignore dtatu
2/14/2019 11:32:28 AM

Thanks for taking the time to explain.
*I trade only options.

Mactheriverrat
2,133 posts
msg #146569
Ignore Mactheriverrat
2/14/2019 12:14:31 PM

Interesting!

snappyfrog
185 posts
msg #146576
Ignore snappyfrog
2/14/2019 3:33:21 PM

Thanks Cheese. I like using the blue bars. Much easier visual for looking at multiple charts.

Cheese
432 posts
msg #146577
Ignore Cheese
2/14/2019 3:51:07 PM

You are welcome, snappy, and THANK YOU for the ideas,

snappyfrog
185 posts
msg #146578
Ignore snappyfrog
modified
2/14/2019 3:56:50 PM

This is how I use it when day trading SPY. I use the cross of the 20 line or 80 line depending on calls or puts. I bought this morning, but not this afternoon - I don't like holding SPY overnight.



Cheese
432 posts
msg #146579
Ignore Cheese
2/14/2019 4:42:23 PM

Thanks for the day trading pic, snappy. The shape of your Stoch chart follows prices so closely.

snappyfrog
185 posts
msg #146845
Ignore snappyfrog
modified
3/8/2019 8:53:46 PM

Here is a follow up of how I use this filter. This afternoon I bought puts on USO. The Stochastic(40,40,4) gave me a buy on the fast (blue) line crossing the slow (red) line. I also use Heikin Ashi candles as a secondary confirmation. The chart on the right is HA candles and giving me a pretty strong downward (red) candle. Both of these together makes me pretty sure of a safe trade. I will give an update when I get out of this trade - good or bad.

Edit: I only day trade SPY. This is a longer trade, thus I am using daily candles on a 1 month chart to buy and sell.



graftonian
815 posts
msg #146850
Ignore graftonian
3/9/2019 6:42:38 PM

I am just now getting my feet wet in the options swamp, and have only traded iron condors. So a few questions. 1) How far out (days till expiration) are the options you trade? 2) Do you trade ATM options?
Thanx

StockFetcher Forums · Filter Exchange · Simple filter for long term option trades<< 1 2 3 4 >>Post Follow-up

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