Bonus Module: Option trade setups using NCS+ The bouncing ball trade setup 1
For the FREE Ninja Trader (and other) platforms 2
Let NCS do the work for you! Save hours of research time Automatically find Steve Nison's favorite candlestick signals Instantly find all occurrences of any candlestick pattern you choose. Discover which patterns are happening on your specific charts 3
Boost Your Candle Confidence Is it a valid Nison candlestick signal? 4
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Get Entry/Exit Signals Before Other Traders See Them! 6
Catch the money making opportunities you may have missed! Step 3. Choose your markets Step 2. Customize your alerts Step 1. Pick any (or all!) Nison candle signals You ll be Instantly alerted when signal is trigged 7
Catch the money making opportunities you may have missed! Set up An alert Watch list 8
Strategies to help overcome time value decay 9
Accelerate your Analysis Find Steve s Favorite Candle Signals in Seconds 10
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All your chosen markets with the Nison candle pattern will appear Step 2. Choose a single market, or a market group Step 1. Pick one or more of my 28 favorite candle signals View the chart and see the pattern! 12
Using Nison Candle Scanner for options timing: Method 1: Act on a high probability/ low risk signal www.nisonoptionsacademy.com 13
Method 1- Act on a high probability/low risk signal If I had only seen this! www.nisonoptionsacademy.com 14
Method 1- Act on a high probability/low risk signal Nison candle scanner (NCS) alerts you a dark cloud cover Note how NCS kept you from being bearish by NOT showing this as dark cloud covers) Target 137: Market @ 153.50 Buy 145 put @ 1.95 4 days later close long put with market at 137 for 9.69 www.nisonoptionsacademy.com 15
Time opens every door for those who wait. 16
Using Nison Candle Scanner for options timing: Method 2Using Alerts www.nisonoptionsacademy.com 17
Using Nison Candle Scanner for option timing: Method 2- Set an alert 1) NCS finds a hammer 2) Set up alert on correction to lower part of hammer 3) Buy 30 day 22.5 call on hammer @ 1.25 8 days later worth @1.16 Result: using NCS saved you from days of time value decay Bought here on test of hammer www.nisonoptionsacademy.com 18
Using Nison Candle Scanner for option timing: Method 2- Set an alert 1. NCS finds a bearish engulfing pattern 2. Set up an alert if market gets to this resistance level Mkt @ 212 Buy 7-day 200 put @.30, exit at harami @ 1.00 233% return Or Buy 7-day 210 put @ 2.58, exit harami @ 7.28 182% return www.nisonoptionsacademy.com 19
Using Nison Candle Scanner for options timing: Method 3 Use look back feature www.nisonoptionsacademy.com 20
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The market will often retest the lower shadow of the hammer 22
Step 1) Set up hammer and 8 period look back in NCS. Scan with NCS 23
Using Nison Candle Scanner for option timing: Method 3- Using look back feature www.nisonoptionsacademy.com 24
Using Nison Candle Scanner for option timing: Method 3- Using look back feature www.nisonoptionsacademy.com 25
Nison Chart Challenge 7 - Read Steve s Mind www.nisonoptionsacademy.com 1) How could we have used NCS after the first hammer to find a good trade set up and decrease time decay? 2) What outright or spread could we have done? 3) When would you have exited and why? 26