JVonD welcomes David Brill and brings in the whole group chat on this AMZN earnings day. Lots of trades going down. What’s up with this crazy market and stupid crude?
SPY strangles, AMZN earnings, and shorting FB on highs!
JVonD reminisce’s 2015. What have we learned..? Scalping taking over! Check out the morning routine for scalping setups, some badass new grid layout’s, time savers, profiles, order flow, strangle, iron condor, cumulative delta, candy trade, and MORE! BIG THANKS!
JVonD talks about a perfect scalp scenario in crude. It’s the fastest trade style possible that he calls the “Fight Back Trade”. Also a quick update on the rigorous scalp training sessions and workspace updates.
CL was trading nicely today. I’ve been noticing going into pit close (12:30 MT) the movement is so fast. Around 6 tick jumps at times but usually stays in a tight range for really fast scalps. Sometimes in and out in seconds. Watch the Ladder’s “BID/ASK Sum” and see if it is somewhat neutral holding the range. A lot of times the price movement moves toward liquidity so I’m trying not to trade against that rule. Kept buying around 41.83 and getting out on the fast snap backs.
You can see below that CL failed the lower level and came back up into the previous value area where the POC was for the day. So I was looking to get longside scalps up to the POC or the whole number 42. Whole numbers on crude are sometimes good levels to trade around.
As all major media is loving on the pontiff, we got the Zoo! He’s like the Pope of trading or something. While the pontiff and Yellen screw up our market, zoozoo terminates chumps with bot crushing, mind blowing charts. Oscar killing it in weekly options.
The guys talk about the crazy price action before the big FED bullshit! Ricky is kicking butt on his options come back and JVonD is getting into some shit & eating major pain on some new “love you long-time” trades.