Of Open House, Setup and Best Practices

-In case you are hearing this for the first time, Pete from OneOption informed me that he is celebrating its first anniversary with an Open House and a 20% discount on all services. Monday February 26th – Wednesday February 28th, you’ll be able to access the entire site – FREE. Registration is not required.

-Jay Kaeppel shows you how to pick bottoms:

*A decline in price and a base (even if its a short one): A stock or commodity that has experienced a meaningful decline and is now consolidating and trading sideways in a range.

* A rising Oscillator indicator: Ideally, the last four trading days will be above their respective levels of 10 trading days prior.

* A bullish MACD indicator: that means that the Fast line is above the Slow line (i.e., the MACD histogram is above 0).

* The 28-day Rate-of-Change is bullish: The 28-day rate-of-change is above its own 28-day moving average

* The RSI Index shows a bullish divergence from price: Ideally the 3-day version of RSI will be displaying a bullish divergence from the market itself i.e., some higher lows for RSI while the market is sideways or down.

-Dr Brett's Profiting From Short-Term Momentum: A Best Practice in Trading. He has recently written a series on Best Practice in Trading. Check out the rest of his posts as well.

-Adam explains why VIX options are dangerous

Tags: simplyoptionstrader, technical indicators