looks very cool
looks very cool
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We tried to pick the expected direction the day before but had mixed results. We found that the best indication of direction typically comes the day of a scalp.Newbie here - is it possible to post the option flow or atleast the expected direction.
what does the result look like ? i saw the post getting updated in start for couple of days after that its only watchlist.
Yes it does. I like to limit the watchlist to stocks with a significant amount of option activity the day before. That tends to suggest playable movement the day of.@MasterSteve , has your daily watchlist anything to do with unusual options activity or dark pool buy/sell activities?
@BenTen and MasterSteve, Is is possible to share your knowledge, how you come up Watchlist every day, IIf you share your tips and technique or if you share video it will help us...@BenTen and I have been working on different ways to incorporate unusual options flow into our trading. The majority of work I’ve done with flow so far is related to swing trading, but it can also work for scalping as well. Here’s how this strategy works: Ben and I keep a watchlist of mostly large cap tech stocks that we usually watch and trade. I scan this watchlist every day after hours for notable option flows and make a watchlist of any that are likely to move the next day and in what direction.
This is different from my other UOA work because I am only scanning tickers we are familiar with, not scanning the whole market. Meaning I may not see unusual flow, but I can see if one side has more interest than the other. The goal for this strategy is for scalp trading only. I expect to see a move the very next day, or I’m out of the trade. The data we’ve gathered has been interesting so far and we thought we’d share what we’re working on with the site. We’ve gotten a fairly good success rate on picking stocks that move, but we’re still working on picking the right direction. I think the next stage of this will be to confirm our direction with flows in the first 15 minutes of the day, but that’s hard to track and watch in real time.
I’ll try and post an update at the end of the day with a recap. We’re still in the early stages of this and paper trading, but plan on eventually using this data to trade real money.
I can answer that tomorrow, Ben can go over that answer as well.@BenTen and MasterSteve, Is is possible to share your knowledge, how you come up Watchlist every day, IIf you share your tips and technique or if you share video it will help us...
VTR is a momentum indicator that shows if a stock is overbought or oversold based on its Weekly and Monthly average volatility trading range.
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