 What's up everybody, this is Giovanni from the options trading channel today is December 19th 2019 We're kind of wrapping up the year here Finally, I'm in front of the camera. It's been a long time since I've actually made a video And I have a lot of things to update you on As well as a trade it was pretty much a swing trade that I made the first swing trade that I made in Several years and I'm switching up my strategy. Yes, I know again But really quick I want to touch base to you with you guys as far as why I haven't been trading and I'm gonna go back as far as May and just really quick do a quick quick quick recap I was working at a property management company for 15 years and It sold to big corporation from Florida and I started working for another property manager Here in the same town and I wanted to buy that property management company I had first dibs and To buy the company when the owners went to sell and well that happened back in May They told me that they wanted to sell I started making arrangements to possibly purchase this company and long story short we couldn't agree up on a price and It ended up selling to another property management company here in the same town and now I Manage I work. I don't manage it, but I work for the Company that bought the company that I was wanting to buy and it's been it's been a journey And it's been an experience Ups and downs good and bad pluses and minuses like always, but I want to get back to my passion, which is day trading With that being said guys, I don't have much opportunity To actually day trade actually sit in front of the computer and actually look for entries and exits like I did Towards the beginning of the year and and you know as far back as as a couple of years I work full-time now from eight o'clock in the morning to five o'clock in the afternoon and I just don't have the time and luxury to sit in front of the computer and actually trade and With that being said I understood that I have to change my Strategy up a little bit and I have and I have a lot of things Coming that I'm working on and I will update you guys When those things have sort of been planned out a little bit better, but for the time for the here now I'm going to let you know that I found a new strategy so I can swing trade not necessarily day trade And let me show you today's trade and then I'll talk to you about the Indicators that I'm actually using guys. So let's get to the computer screen Alrighty guys, what's up? What's up? What's up? Full disclosure before I get into this full disclosure. This is not my strategy. I did not come up with the strategy I'm not the writer nor the author of the strategy whatsoever I came across it on on YouTube actually believe it or not and I I came across it. I looked into it I did a lot of backtesting and this is something that I wanted to Explore and so now I'm sharing it with you guys. So full disclosure. I Did not come up with this strategy With that being said guys what we're looking at right now on the left-hand side We have the daily chart of spy and on the right-hand side. We have the one-hour chart on spy In the simplest form that I can explain this strategy This strategy first of all is called the MOBO Strategy I guess that's that's what it is MOBO strategy MOBO bands and again I'm gonna put a bunch of descriptions a bunch of links down in the description. It's gonna be a very Full of information video here today for you guys You're more than welcome to look into it yourself and use it for yourself at your own risk, of course, right? MOBO bands, it's basically a modified Bollinger band strategy the simplest way I can explain it is once the price closes above the upper band it creates a entry signal And once it closes below the lower band it creates an exit signal and then vice versa Anytime that you get an exit signal basically a down signal the The price closes below the lower band it creates an entry signal and then once it closes above the upper band It creates an exit signal just flip-flop on In a nutshell you can be in the market a hundred percent of the time if you wanted to Now this is where it gets really cool. So looking at the daily chart. We are just looking at the daily chart You you see that You know as soon as let's just take for instance this one back on May the 7th of 2019 it closed underneath the lower band created a down signal and you could have written this Wave all the way down to here, but it actually didn't actually close Until here so you lost quite a bit here But in a nutshell, I mean that's that's as basic as I possibly can right? Now I don't like Trading the daily chart. I wanted to trade the hourly chart, but this is what is really cool and really interesting the author of this strategy came up with The mobile multi time frame strategy where it will go off of the Higher duration it'll only trade in that direction meaning if on the daily charts It had we have a down signal like on May the the 7th It'll only trade the down signals throughout that entire Sort of move if you will you might lose the opportunity to trade the reversals and whatnot But the idea is the trend is your friend kind of mentality So that's what I did here now everything is free except for that particular Strategy where it incorporates the higher time frame Signal if you will and I actually paid $15 to attain that strategy And I believe it's on patreon I'm hoping that I pronounce that correctly and again I'm gonna put a link in the description down below for everything. I am not affiliated What so ever with the author with with this and that I don't make a dime off of this guys again? 100% full disclosure so Back again to the strategy I traded This signal here and this was yesterday yesterday at my time at 9 30 so because it produced a signal here at 8 30 at the end of 8 30 The very next candle on the open you're supposed to execute a in order the trade, right? So I bought calls. I bought the 31950 calls that expire in nine days. Well technically today is eight days, but yesterday nine days I bought them at $1.34 and I took a little bit of pain and in fact Right here. I should have gone out, but my I set particular rules on it guys and again I'm going through this quickly Just to get it, you know just to get to the point kind of thing And if you have any questions by all means Comment down below. I'll be more than happy to answer any questions on a future video, but really quick here. I Didn't get out because well it produced this this signal here at right at the close and this morning the Markets open flats and my idea was well if it continues down low We're below the low of this candle. I'm gonna get out at a loss It was a major loss it would have been a major loss But I stuck in there and I ended up making 10 percent overall on my position I'll show you that position here in just a moment, but I just wanted to show you that Trade here the cool thing about this guys is you can actually see the profits or loss on The strategy. This is really really cool. You just look up floating P&L for profit loss apply and This is over the last 360 trading days not calendar calendar days trading days if you would have bought in the underlying security spy a 100 shares every trade you would have been up Today $8918.43 This is the coolest thing about this is you can actually see the profit loss sort of I guess Visually see the profit loss kind of thing and you can see that it started off a little on the rough side here but then quickly gained gained it back and then some Really cool really awesome. I can make a video at a later dates Of how to do all of this, but I still just wanted to show you this awesome strategy I came across look at this this trade here You got a button right here at the open at 314 20 and this would have been on the 11th of December and You would have gone all of this all of these gains and got out right here How awesome is that again? If you would have just traded the underlying security? 100 shares you would have been at 8264 got out here at 8826 so about what 600 give or take right $600 Worth the gains here over one two three four five days So this is what I'm doing guys If you have any questions or concerns comment down below. Oh, I almost forgot to show you the trade I bought two of the 31950 calls that expired at the time nine days, right? I bought them at $1 34 sold one at $1 44 and sold the second one at $1 47 Therefore Quite a bit. I got down to those calls got down to 90 cents. So it was tough I did endure a little a little bit of pain And I'll admit that's but overall the strategy worked and I'm gonna stick to my guns on this one guys Give this video a thumbs up if it was very Informative for you guys if you liked it if you learned something new from it I would greatly appreciate it. Tell me what you traded What you made money on what you lost money on guys, I would greatly appreciate any input again This is a quick video of What's been going on in my life and what strategy and what indicators I am now using guys? Thank you so much everybody. Don't forget to hit that subscribe button down below I would greatly appreciate it guys. I will see you on the next trade