LexieGirl
Short

Selling Usdcad Call option

FX:USDCAD   U.S. Dollar / Canadian Dollar
543 18 18
there is a 95% probability that usdcad             closes below 1.2800 11 hrs             from now based on my own analysis tactics. Selling a put option here at current costs provides a positive expectancy on risk capital so I made the trade. :)
Nice trade Lexie, could you share your probability analyst tactics If you post another option/binary trade. You have provoked my curiosity.
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Fibonacci rentracement
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Sounds great.
What broker can you use for binary options?
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thank so much
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Hi Lexie. After strong trends always must be to 2 tops (or more) (wave 5 of 3 and wave 5 of 5). This affect causes the divergence on the osciliators. Only after that can think about short position. (Sorry for my English).
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That's entirely hypothetical. With no substance whatsoever...
+1 Reply
IvanLabrie PRO TomProTrader
EW is very complex, you won't see the tops on certain timeframes, nor the divergence.
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TomProTrader IvanLabrie
I used to EW trade for a investment firm, so I know that. But to assume a top consists of a oscillator deviation and a certain amount of tops is simply ridiculous.
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IvanLabrie PRO TomProTrader
It's a recipe for disaster.
Forecast: rainy with a high chance of stop losses triggered.
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TomProTrader IvanLabrie
I have high respect for EW, for the record, I used to trade EW intensely.

But to say a downtrend needs 2 tops or more, with a divergence from oscillators into a downtrend is a very narrow minded perspective, individualising one strategy, and ignoring all other concepts.

Just my opinion.
Regards
Tom
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