Selling Usdcad Call option

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Short

U.S. Dollar/Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar/Canadian Dollar

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. :)

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about TSLA 9

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

same here i already sold it @1.27257

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.

LexieGirl

Is that also on td ameritrade? Or on a binary option ?

RonnieG

This one is a binary.

LexieGirl

What broker ?

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).

Sanrit

That's entirely hypothetical. With no substance whatsoever...

Tom_Killick

EW is very complex, you won't see the tops on certain timeframes, nor the divergence.

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.

Tom_Killick

It's a recipe for disaster.
Forecast: rainy with a high chance of stop losses triggered.

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

IvanLabrie

And as I read this reply again today. I realise you was agreeing with me, LOL my bad,

Sorry Ivan
Tom

Tom_Killick

Once a contrarian...;)
We can be contrarians together lol

thank so much

Sounds great.
What broker can you use for binary options?

Fibonacci rentracement

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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