There’s no short signal now, so we’re sticking it out with the calls we added on 1/22. HG almost gave a short signal on 1/22 which would have had us buying puts on Monday 1/25. If we had taken that trade the exit would have been Tuesday, possibly resulting in about a one point gain. HG is geared towards greater gains and increases the risk/reward by shorting only longer time frame volume setups. The reason 1/26 was not a short signal was because it was a clear accumulation day. As long as TVO continues to climb, at this point the range we’re in now will likely break to the upside.
There’s no short signal now, so we’re sticking it out with the calls we added on 1/22. HG almost gave a short signal on 1/22 which would have had us buying puts on Monday 1/25. If we had taken that trade the exit would have been Tuesday, possibly resulting in about a one point gain. HG is geared towards greater gains and increases the risk/reward by shorting only longer time frame volume setups. The reason 1/26 was not a short signal was because it was a clear accumulation day. As long as TVO continues to climb, at this point the range we’re in now will likely break to the upside.