Flags, Straddles, The Markets and Intraday Flags …

Hi Everyone. I may have been a bit too subtle with this piece of advice, so I’ll make it loud and clear now …

If the straddles aren’t fulfilling the ideal criteria, then stick to trading flags!! 

There are so many consistent and safe profits to be made tradingflags.  This is why I’m making it an even bigger part of the IlluminatiTrading experience.  Admittedly, trading flags is also significantlyeasier as it doesn’t have to involve options. 

My aim is for all of us to make profits with relative ease.  Assuch, we’re putting the finishing touches on our latest improvements,so in the next few weeks you’ll see major additions and enhancements tothe entire site, the straddle area and the flags area. 

A Gift from Me to You

In around September, all Inner Circle Members will be receiving asubstantial surprise gift from me.  This gift will help you even morewith trading flags, so if there has ever been any doubt about how to doit, you’ll soon have a new course dedicated to it, completely free. 

My Reading of the Market

For my money, the markets have potentially decided that enough isenough with this bear market rally that began in mid March, and I’mexpecting to see some decent BEAR flags forming in the next couple ofweeks. 

Intraday Flags?  You Bet! 

Only on Wednesday this week I was on the phone with one of mycolleagues when I told him to check out the 5-minute chart of AAPL. 

AAPL 13.48.jpg

Do you see anything familiar? 

It’s a textbook Bear Flag.  As I saw this happening I turned our conversation into a running commentary … “This is the trade … if this breaks below $182.40 then you should be short the stock”. 

AAPL 13.53.jpg

Sure enough … just 10 minutes later it broke …

This is it … put your stop above $183.75 and ride the stock down …

And down it went … all the way to $178 and even lower …

AAPL 14.23.jpg

That’s a $4.00 drop in just 35 minutes.  All complete profit with no drawdown, just a clean and easy profit. 

The reason we were having this conversation in the first place wasbecause I’m also building an intraday Flags Alert System and this wasone that I was monitoring right there and then.

So, the message is … we’re working around the clock to improve whatwe have and then create new tools that will lead to better profits,more consistent profits and easier profits for everyone. 

In the meantime, please be picky.  Many of you have done fantastically well and I love hearing about your many successes. 

This past earnings season was the toughest for a few years becauseoption premiums were high (high implied volatility) while the stockvolatilities were on the low side.  Our filters were showing just that- that prime opportunities were on the scarce side this time around. The key is not to force it, not to overtrade, not to trade just for thesake of it.  I knowt hat can be frustrating, but from time to time themarkets won’t necessarily co-operate with just one particular style oftrading.  Which is why we’re adding more Flag tools, so you can be inthe markets more regularly than just during the earnings season. 

We’re also going to make the straddles area easier and morecomprehensive with our new Implied Volatility filters and charts, whichwill be ready before the next earnings season.  We’ll talk more aboutthat when we release the new tools shortly. 

In the meantime I’ll be creating the new FlagTrader product thatInner Circle members will receive for free around autumn/fall time. You’ll also get the improved Flag tools on the house. 

All the best

Guy

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