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Extremeturn

Anatomy Of The Trade | The Perfect Turning Point Signal (NQ)What a fantastic week for range trading! Today, on a very red Friday session, we had the perfect Extreme Turn Buy signal. Let's break it down. Note: The Extreme Turn Signal featured in this video is generated from a custom, hybrid indicator, build with love and passion, from my team here at the tradersdevGROUP ("TDG" among friends). But you can recreate the signal by applying an RSI indicator to your chart with the settings (5 period, 84 upper, 16 lower). Stay Green & Trade Like You Mean It!
CME_MINI:NQZ2021Long
by RodCasilli
5
NQ Flashing Back To Back Sell SignalsIt's rare to see back-to-back sell signals using the Extreme Turn on the daily timeframe, but here they be, separated by just a day! The signals are on the NQ1 continuous contract and we're expressing them via several MNQ contracts held short and a QQQ Put position for April 30. The separation from the T-Line (our trend filter) is also Extreme at over 2000 pts. Picking tops is tough. Markets look the most bullish at potential turns. Break out or bust? Place your bets.
CME_MINI:NQ1!Short
by RodCasilli
5
A Measured Move could take CVX to the Century Mark 100the Extreme Turn Buy signal comes in at a key support zone. CVX showed an impulse move from %83 to $95.50. The initial Ext Turn buy produced a nice winner and now we're back at the key level as the markets trade to new highs. Could pull in to till the $85-86 Gap then go. Looking for 4% move to High to High trendline then 13% to $100 on a 1 to 1 move from the impulse leg. Options Trade: CVX option would be JAN 85/100 Bull Call Spread for $5 or better.
NYSE:CVXLong
by TDGonTView
2
TAN Don't BurnWe're taking profits in the Solar ETF ticker TAN following a rapid run from an Extreme Turn BUY on Dec 16. Aggressive traders might look at initiating a tactical short on the Extreme Turn SELL signal that triggered our exit. The two largest components of TAN are SEDG and ENPH that both have charts that not surprisingly look the same as TAN and are both into areas of resistance. The Extreme Turn hybrid indicator identifies potential turning points that can lead to quick countertrend moves.
AMEX:TANShort
by TDGonTView
I SPY The First Extreme Turn Sell Signal Since the March LowsWe can keep this one pretty simple. It's day #2 with an Extreme Turn sell/short on the SPY daily timeframe. The prior day was the first sell signal in the entire move since the March lows. There is absolutely nothing bearish looking in this chart. That said, we recall our adage at TDG - Markets' always look the most bullish at the tops. We're expressing the signal with a $8 wide Bear Put - SPY SEP 340/332. As always, our risk is 50% of the premium paid so we're looking at risking about .60 to make $6+ Submitted Order Type Limit @ 1.15 Debit Fill Details • Bought 15 SPY 09/18/20 Put 340.00 @ 3.03 Filled at: Aug 28, 2020 3:08:10 PM EDT • Sold 15 SPY 09/18/20 Put 332.00 @ 1.88 Filled at: Aug 28, 2020 3:08:10 PM EDT We'll see if our patience pays? Trade Like You Mean It!
AMEX:SPYShort
by TDGonTView
2
AAPL Trend & Volatility Likely Unsustainable - Sell SignalThe ADX indicator measures the strength of a trend, not its direction. The mid part of last week AAPL was in "full bull" mode printing 23 consecutive bullish 30m candles in our paintbar study. We've included a legend on the chart indicating bars colors and the corresponding strength of a trend. The Extreme Turn Sell Signal that our strategy generated on Thursday was confirmed for a short entry at 453 when the color rotated from full bull to bull neutral (lime to gray). Given the strength in AAPL and rich premiums, we chose to express the trade using a Bear Call Credit and even entered an ITM spread which is unusual for our models. Aug 14 250/255 Bear Call 2.25cr Underlying target will be the visible range POC at 437, but will manage exits to 50% of premium received.
NASDAQ:AAPLShort
by TDGonTView
1
Looking for the Gold (Miner) Rush To Lose Some LusterThe yellow metal has been on a ripper the last month gapping higher following our last several sell signals. Could the third time be the charm? The profile shows significant volume at many levels below but we're sticking with our system and expressing the 30m Extreme Turn sell using a put debit spread in Aug. GDXJ AUG21 45/50 put vertical for a 0.89db. Risk is 60% of the premium. This means we close the position if it trades below .40 Target is 50% of the max gain. This means we look for a mark of $2 or higher.
AMEX:GDXJShort
by TDGonTView
RSI and ADX Combination Signals Top in the NQJust your average 500 point daily range in the NQ. Ha! The NQ has been on a tear over the past few weeks, making shorting and identifying meaningful reversals challenging. Today, using a combination of RSI and ADX, our Extreme Turn was able to spot the combination of oversold conditions AND decreasing momentum thus producing the first sell signal on the 60m time frame since July 1. Our models are short from 11018 with a trail stop just above the visible POC at 10715. We post all these signals in our free Telegram channel: tradersdevgroup.com
CME_MINI:NQU2020Short
by TDGonTView
1