That's all you can ever say about any kind of trade lol. The difference is with EW you can say: it is statistically likely to go up more than it is to go down, so can warrant an entry and take profits at the 1.618. It will definitely pull back, and when it does it can be measured for a single or double correction which will provide entry points. Stops can be placed at the invalidation levels. What more do you guys want out of a system? You have an entry level, a profit taking level, legging in levels, and a stop level for those of you that use them. Agreed.
Well,it took you long enough..Look at you speaking in a risk reward framework.. Not bad coming from the dude who claimed
ha ha you didn't read the last sentence. btw still in that trade with a 17.75 cost basis and an APR12 19 call. I got assigned at 23.50 lol.
How can you have a 17.75 cost basis if you were short the 23.5 put?? The weekly 23.5 put was trading at 25% of spot??
Can't you fit more price levels on there? This doesn't even qualify as snake oil. You're becoming quanto.
Look at the video I posted if you want to learn about degrees and subdivisions...I was keeping it simple.