I currently only Sell weekly Appl covered calls or cash covered puts. (I do buy some options when they look too good to pass up like shorting a TSLA at $102.)
This is just my guide to keep "sane" short term with AAPL.
The 3 hour chart works the best for me. Due to my work schedule. My biggest problem is being on sideline during a big move up.
1. Watch for MACD crossings.
2. Check if stock crosses middle line in Donchian Channel
3a. If going from down to up trend and price stays ABOVE middle DC line - TWO times- then stock usually continues up.
3b. If going from Up to Down trend and price stays BELOW middle DC line - TWO times - stock usually continues down.
4. I always review other followers of Apple and their charts that have more experience in their charting abilities when the bars are riding the middle DC line to get a consensus of what might be happening.
This is just my guide to keep "sane" short term with AAPL.
The 3 hour chart works the best for me. Due to my work schedule. My biggest problem is being on sideline during a big move up.
1. Watch for MACD crossings.
2. Check if stock crosses middle line in Donchian Channel
3a. If going from down to up trend and price stays ABOVE middle DC line - TWO times- then stock usually continues up.
3b. If going from Up to Down trend and price stays BELOW middle DC line - TWO times - stock usually continues down.
4. I always review other followers of Apple and their charts that have more experience in their charting abilities when the bars are riding the middle DC line to get a consensus of what might be happening.