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.
Fibonacci rentracement
Sounds great.
What broker can you use for binary options?
thank so much
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).
That's entirely hypothetical. With no substance whatsoever...
+1 Reply
IvanLabrie TomProTrader
EW is very complex, you won't see the tops on certain timeframes, nor the divergence.
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.
IvanLabrie TomProTrader
It's a recipe for disaster.
Forecast: rainy with a high chance of stop losses triggered.
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.
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