ok...here tis
Basic tenet is to buy contract close to $1....also, they may be more due to timing....the reality is the in the money price makes no diff...Im using a target of around a dollar to keep the math simple. ***Assume a dollar for all calculations
Which month to buy will be determined on which wave... even number waves take longer and Ill prob buy later contracts....remember...these distances are best case....Ill probably just take the fat part of each move....u can do the math
I have studied EWT for over a year, but with now having been using S/D...I have a better reality of where the waves will start and end based on the earlier move off the top of XOM and using its fractal with known EWT fibs....I believe I can at least do $1,000,000...Ive don the math and Id only have to succeed with 1/4 of each distance of the moves i use in my theory....ok....rip me up
****this is not a buy/sell recommendation....just a theoretical exercise
Start with 1K
1. I bought 800 for $2...SP was 71 estimated target green of 80 9x800=$7200
2.Sell 7200 (put) from 80 to 56 or 7200x24=$172,000
3. Buy 172,000 from 56 to 70 or 172000x14=$2,419,200
4. Sell 2419200 from 70 to 60 or 2419200x10= $24,192,000
Daily
Weekly
Basic tenet is to buy contract close to $1....also, they may be more due to timing....the reality is the in the money price makes no diff...Im using a target of around a dollar to keep the math simple. ***Assume a dollar for all calculations
Which month to buy will be determined on which wave... even number waves take longer and Ill prob buy later contracts....remember...these distances are best case....Ill probably just take the fat part of each move....u can do the math
I have studied EWT for over a year, but with now having been using S/D...I have a better reality of where the waves will start and end based on the earlier move off the top of XOM and using its fractal with known EWT fibs....I believe I can at least do $1,000,000...Ive don the math and Id only have to succeed with 1/4 of each distance of the moves i use in my theory....ok....rip me up
****this is not a buy/sell recommendation....just a theoretical exercise
Start with 1K
1. I bought 800 for $2...SP was 71 estimated target green of 80 9x800=$7200
2.Sell 7200 (put) from 80 to 56 or 7200x24=$172,000
3. Buy 172,000 from 56 to 70 or 172000x14=$2,419,200
4. Sell 2419200 from 70 to 60 or 2419200x10= $24,192,000
Daily
Weekly
J Murphy: Charting made easy Page 17 
