ECB Effects 1-22-15

My plan:

US equity futures popped up then faded back after ECB's announcement. ES almost hit Fib 62.8 RT at 2049 and pulled back at Fib 50 RT, 2036. It's trying to break the recent down trend. The up trend will resume if ES close above Fib 50% and 50 MA around 2040. We may see a retest of 2013 in the CLVN.
I will manage the risk in the upper side. I have a bear call of 2020, Feb 2. I may scratch it, wait for a better entry.

Grains had almost no move overnight. I realized that some of my locking profit made no sense if they were in the near by strikes and the same expiration period. It's wast time and money. Because if the price came back to the same levels the losses would be  the same anyway, Just like my wheat put 515, it hit 3x loss anyway. Such practice was emotional driven as I was looking for winners for psychological comfort or easy my fear of losing. I will continue to manage my risk and size but won't repeat such mistakes.

My execution:

The much anticipated Q/E from ECB was released. Market sold off at open to close the gap, then popped up. It broke out in the last hr. ES closed above Fib 68.2 and firmly above 50 SMA. It's right at the top edge of current CLVA which has been thoroughly auctioned this month. It looks ready to break out. I sold one SPX Feb 20 bear call at 2150 for $135. It was based on the rules of engagement at 1SD, outside of BB top band and over 90% POTM. I feel it was still too early and the ideal entry should have been at 2160. I made a little bit fitting. This is a bad habit I need to correct it. I also sold a RUT 2160, Feb 3 with the same specs and a little fitting in price.

Grains pulled back in a small range as the US dollar surged to a 11 yr new high. I didn't have much to do at current levels. One each of my closing position orders in wheat and soybean got filled. I rolled a soybean bear call down from May 1140 to Mar 1060/70 based on seasonal trend numbers of my put/call positions.
I need to deal with these underwater positions in wheat tomorrow and next week.