At 2563 as I posted, actually got them lower on the over shoot on the way up. Exited at 2582 as I expect that to cap today. They were weeklies so big swing. Waiting now to target the short from 2590 ish next week.
Covered calls from the gap down yesterday
Started by
opinionated
, Nov 16 2017 11:22 AM
8 replies to this topic
#3
fib_1618
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Posted 16 November 2017 - 11:57 AM
Nicely done....you're getting smarter in your old age!!
Fib
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#4
da_cheif
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Posted 16 November 2017 - 01:08 PM
At 2563 as I posted, actually got them lower on the over shoot on the way up. Exited at 2582 as I expect that to cap today. They were weeklies so big swing. Waiting now to target the short from 2590 ish next week.
waiting to short? why and why arent u still long?
#5
AChartist
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Tim
Posted 16 November 2017 - 05:09 PM
well I did something right as I announced before, rut cycles looked like low up to TXGV,
I doubled up 401k contrib for the past two cycles, I will do one more end of month and see
what cycles look like from there. RUT cycles can really work for overall market breadth even
if not rigged indexes, but mkt can right translate the turn longer than I can stand but still hit the low
time about right.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#6
opinionated
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Posted 16 November 2017 - 06:56 PM
Thanks Guys,
Flat now waiting for the retest next week around 2548-52 ES... 1440-45 RUT
Best
#7
AChartist
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Tim
Posted 18 November 2017 - 07:18 AM
weekly rut cycle may still be weak for 2-3 weeks so I hold back new buys will let 401k add end of month
and Dec 15.
btc options open Dec 2, webbot cryptic message it is good for cryptos and metals, maybe bad backfires for
entrenched powers that were
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#8
AChartist
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Tim
Posted 18 November 2017 - 07:28 AM
litecoin is moving through a gann fan process, maybe this one will work with an
impulsive pattern if not one more backtest should be all.
I feel like this pattern ppt is super bullish
Edited by AChartist, 18 November 2017 - 07:31 AM.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#9
opinionated
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Posted 19 November 2017 - 09:30 AM
Agreed Achartist,
Missed a cycle date, Will be getting long for a 3 day trade IWM on the open target 150.17 Min. by Wendsday... See the down wave starting the following week.
But do expect a .45 drop on the open to suck final bears in.
FWIW my targets for spx projection is 2599.10 in the same period.
Best
