September trade is Finally here!

So the Big Boys are back in town, huh? Sure seems like it. Back to the good old ramp job, dump shares on doctors and lawyer, then smash it down to the short side for a nice technical set-up.

I made two trades today, listed below. I do have several 'thesis' positions, very limited risk, very high potential reward if this final wave movement downward in prices gets underway in September. Otherwise, I will just roll the positions over. Okay, enough about positions, how about the day trades!

The trades were a bit frustrating because they developed in an anxious manner, and lately, I have had a knack for being 10-15 minutes early, but definitely on the right side of the trade. What this does is pit me against my mental state, a delicate ballet of energies being thrust back and forth as price moves along. I took the most reliable signal that my PriceMap's from JS Services (jsservices.com) gives, which is the R-Level trade. Essentially the trade works in two, and only two ways. It all reacts to a price cluster that changes day to day, which represents an emotional/psychological level on the chart for many participants in the market. I do not know the exact calculation because this data is proprietary to JS Services, of course, but it incorporates many aspect of market influence into these inflection points. So, in theory, the R-Level is a price point that IF reached, will most of the time create a large intra-day reversal making that price the HOD (high of the day), or if the market is very strong the R-Level will act as a vetting process of price, sort of proving the momentum is real and giving price a catapult to the next major resistance band. Today's play was the classic R-Level reversal.

Buy to open 5 NDX 1850 puts @ 4.60
Sell to close 5 NDX 1850 puts @ 5.50

Buy to open 2 NDX 1700 puts @ 1.45
Sell to close 2 NDX 1700 puts @ 1.65

Paid the bills today, and that's all that matters. I will be on vacation most of this week, but I will be checking in from Seattle, WA and possibly putting on a few trades if they show themselves to me in the proper energetic flow. Its all about energy for me.

Aloha!