My Trade: ENTRY to Open and filled: I bought 40 FB weekly 62 Calls for .41: Targets: .55 and up every .15 I sold 10 of FB Weekly 62 Calls for 0.55 I sold 10 FB weekly 62 Calls for 0.70 I sold 10 FB weekly 62 Calls for 0.85 I sold 10 FB Weekly 62 Calls for 1.00 Look how the stock moved…

Andrew Keene – How To Trade Weeklys Using The Ichimoku Cloud
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Author: Andrew Keene
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The Ichimoku cloud is a highly valuable technical indicator because it looks at the past, the present and the future. It is also free and available on a wide variety of trading platforms. If youre not familiar with the Ichimoku cloud, here are the basics:

The term Ichimoku means at first glance. At first glance, is a stock bearish, bullish or neutral? Where is a good entry, and where is a good exit? Lets take a look at the components that make up the Ichimoku cloud:

First, lets look at the tenken-sen (red) line. This line shows the short-term trend and it is calculated as follows:

Tenken-sen line = the highest high + the lowest low over the last 9 periods divided by 2.
This formula has a Fibonacci retracement built into its calculation. Its an effective indicator because it works better than simple moving averages.
The Kinjun-sen line (green) shows the longer-term trend. The calculations for this line is:

Kinjun-sen line= the highest high + the lowest low over the last 26 periods divided by 2.
So the tenken-sen and kinjun-sen lines show the short-term and longer-term trends in a market at the present time.