A 3 point profit is nice. So you make shorter term trades with Weekly Charts, getting out at weekly lows? You're not thinking about Higher Highs and Higher Lows within Trends on Daily Charts? Do you think SLV will make new lows below 17.60?
Nothing like that, as I'm a heavy user of multiple timeframes, but in the case of slv, weekly was in charge. I cannot answer that question until I examine the PA at 19.90s.
Added to my SLV position today: 09/26/13: BUY +1 SLV 100 JAN 15 (477 days) 28 CALL @1.06 LMT SLV@20.94 Cost of Trade: $106.00 + $1.50 comm. = $107.50 Delta: .27
Covered today at 19.90s. Day's Range: 19.88 - 20.5 How long can this area hold on for is vital. It could even be the higher low.
Glad you made some $! Congrats. As long as SLV stays above this line (at 18.71), the Textbooks say the Daily Chart/Medium Term Uptrend is still in place. Making a new Higher High above 23.84 looks like hard work right now, but we'll have to wait and see what happens!
Added to my SLV position today @21.03: 10/02/13: BUY +1 SLV 100 JAN 15 (471 days) 26 CALL @1.32 LMT SLV@21.03 Cost of Trade: $132.00 + $1.50 comm. = $133.50 Delta: .33
Added again to my SLV position today @21.03: 10/02/13: BUY +1 SLV 100 JUL 14 (289 days) 21 CALL @2.30 LMT SLV@21.03 Cost of Trade: $230.00 + $1.50 comm. = $231.50 Delta: .56
================== Trader-trend fighter; Well its a downtrend by some mesures; [1]not clearing the $50 area, [2] plenty of times below $32 [3] One dealer said $32 is a silver sell+ he makes his living selling, buying metals, not SLV But really when you look at ALL data for SLV,[MAX data,2006 thru NOW, all of data ] its mostly uptrends; most of silver is uptrends, by most measures/all data Long term,most trends most uptrends are UP; most all SLV trends , silver trends are UP.Sure SLV, silver is a roller coaster, but by definition long term trends puts TIME on the Uptrenders side + option sellers side. With all due respect to shorts, $32 is a good sell; but most trends are up, the more experienced the trader/investor the more that means............%%%%%%% Wisdom is profitable to direct So to answer your question; yes, but i have seeen much better uptrends