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. :)
I'm expecting the same thing. On my daily chart, price is relatively distant from the Kijun San. So I'm expecting some pullback before price rises
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same here i already sold it @1.27257
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LexieGirl FOREXACCOUNTMANAGER
Important to note that i am not selling spot, I am selling a call option. So i make money as long as the price closes under 1.28 11 hrs from now. So I am not necessarily bearish, rather than I am thinking it does not close above 1.2800. The pricing of that particular option gave a positive expectancy compared to the probability of price actually closing that high.
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RonnieG PRO LexieGirl
Is that also on td ameritrade? Or on a binary option ?
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LexieGirl RonnieG
This one is a binary.
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RonnieG PRO LexieGirl
What broker ?
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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...
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IvanLabrie PRO Tom_Killick
EW is very complex, you won't see the tops on certain timeframes, nor the divergence.
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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 Tom_Killick
It's a recipe for disaster.
Forecast: rainy with a high chance of stop losses triggered.
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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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And as I read this reply again today. I realise you was agreeing with me, LOL my bad,

Sorry Ivan
Tom
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IvanLabrie PRO Tom_Killick
Once a contrarian...;)
We can be contrarians together lol
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thank so much
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Sounds great.
What broker can you use for binary options?
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Fibonacci rentracement
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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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