"The only way to trade with Fibonaccis" journal

[zxd]

Quote from 1a2b3cppp:

I've been busy with other stuff recently to day trade.

I'd never swing trade the ES. My pockets aren't deep enough for that :eek:

Come on, this thread is proof of how rich you are

How has ES been recently? Has the volatility gotten better? Taking a brief look at the charts, I think it's better but not as good as how it was a few months ago.

 

[1a2b3cppp]

No way, I'd want a few million before I even considered long term positions on the ES.

 

[1a2b3cppp]

getting closer.

Somewhere between $4-5 per share gain right now.

 

[1a2b3cppp]

$5-6 per share.

Go rally go!

 

[1a2b3cppp]

mad resistance for the last 3 days.

So close to profit target!

 

[1a2b3cppp]

Profit target is $134.50.

So close.

Currently up $6,677.40.

 

[1a2b3cppp]

Price will probably go down and tease me for a few weeks now.

 

[1a2b3cppp]

day one of teasing complete.

I should write a few 134 or 135 calls. Since I'm going to sell around there anyway I might as well get paid to wait for price to hit that level, right? I could write like 9 calls and then sell the leftovers manually.

Opinions?

 

[1a2b3cppp]

After talking to the options forum, I'm going to sell some covered calls on Monday I think.

 

[1a2b3cppp]

And price wasn't where I wanted it to be to sell the calls, so I didn't sell any, and now I wish I did last week because price is going down nicely.