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Opening QQQ Oct 20 Butterfly +147C -2 148C +151Cwww.tradingview.com Opened today when spot was ~144.70. QQQ in Oct 20th monthly expiration options long the 147 call short two 148 calls long the 151 call credit .36 Theta .81 Delta 10.81 max profit 136 loss 164. Anything lower than the break-even of about 145.50 will profit between 36 and 136. No risk to down side. This trade is looking for a positive drift in price but will profit (70% probability) as long as the price does not blow through 48.50 and stay there. Max profit occurs at the short strikes (148.00). Actual target 28 (price stays low or drops) to 34 (25% of max closed to minimize exposure). In either winning scenario the trade will be closed with more than a week to expiration. If price rises straight through it I will close the bull spread (+147 -148) in profit and roll the bear spread out in time with good probability of either profit or scratch down the line.
NASDAQ:QQQ
by Tom1trader
1
GBP/JPY Long opportunity GJ setting up for a good risk/reward long soon, maybe a little too late for it but let's see if we can catch the absolute bottom again with this one. RSI is improving while the price is dropping (bullish divergence) which indicated the bears are losing steam and the likelihood of a move up has increased. In addition, it appears as if at that price GJ will form a bullish harmonic pattern. Not really the best pair to trade at the moment (check NZD/USD, or gold) but the opportunity has presented itself. Enjoy & take care
Long
by faris.makki
2
Gold - easy 4HR and 1D setup - huge P/L potential. The confluence of trend-lines is making the unit quite volatile in this coming week. The '13 0.49% trendline - retested in July 2017 - is the major hurdle, breaking this trendline would allow the unit room to grow up and fight the major 1300 resistance. The world has its fair share of problems, Brexit and terrorism in UK, Trump battles to implement policies amidst scandals, Europe faces migration unrest, political weakening, and also depend on the Brexit negotiations. North Korea keeps crossing the lines. South Africa gold mining (7th largest producer) is also facing governmental interference. This allows us calm traders to rise above the competition and make money amidst global madness. These problems are long-term problems so I expect the unit to rise both medium and long term (2 weeks and 1 month). There is an option to short immediately, however I prefer to buy the unit long. Short-option. If the 1250 resistance breaks, short until the 22nd June when the current trend reverses to the monthly upward Elliot wave pattern. At the current rate this will be on the 22nd June around value 1230, stay tuned for updates. Long-option Wait until the trend reverse around 22nd June, $1240 level and has a good bullish candle. I will update the chart if I am confident to open my trade. Target: 1270 SL: 1230 after entering bull trend. P/L ratio: 5+ Hope we're all excited for this week!
TVC:GOLDLong
by Wolf123
2
$xlu continuation patterns across the board!-higher time frame showing healthy pullback in defined uptrend finding support at 53.3x area -mid time frame shows range bound action after a quick downtrend/ signs of accumulation are seen in range bound equilibrium -momentum is strengthening upward along with volume pressure -spring candle/pinbar found on mid time frame finding quick support at 53.3x area shows buyers conviction multiple retests of resistance area 53.6x area shows weakness and high probability of breaking out lower time frame supports previously mentioned idea with price action making higher lows and higher highs into resistance showing buyers conviction with rising rsi
AMEX:XLULong
by inco1
ADI breakout to the downside!!higher time frame is showing defined downtrend and exhibiting trend strength- using moving averages as dynamic resistance/ support -intermediate timeframe shows trend alignment to the downside and price pull back to short term moving average -looking for it trade to pivot low of 78.58 and breakout to the downside on intermediate timeframe -on the shorter time frame- it is also showing trend alignment and favors a higher probability favoring the trend to the downside -price is also pulling back to the .236 retracement level of 78.98..would look to initiate position in that area to the ride back down and setting a tight stop over 79.0x area -as price resumes downtrend on the intermediate timeframe- it should also translate to the lower time frame and breakdown past the pivot low of 78.58 and along with increased selling pressure towards the path of least resistance to 74.7x area (.618 extension level)
NASDAQ:ADIShort
by inco1
GBPJPY - Medium Term Short BiasFX_IDC:GBPJPY Moves gracefully at times of imbalance. When you spot the imbalance, take action without hesitation or you will catch the cobra in the mouth. The anatomy of the geometric pattern displayed is built with the ratios of fibonacci. By applying the fibs one can find high probability entries and exits. PRICE ACTION The rejection off the .618 and .500 leaving a trail of Lower Highs gave me the opportunity to enter this high probability set up! "DON'T TRY TO MASTER MARKET INTELLIGENCE INSTEAD AIM TO MASTER EMOTIONAL INTELLIGENCE" Rodrigo Antonio
Short
by Fiiyat
1
LONG EURNZD: STRAT TRADE - 99.49% PROBABILITY OF REVERSALLong EURNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURNZD has a cumulative probability of a =>6th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1SD. 3. Fundamentally I also like being long EUR given the ECBs new more neutral stance where monpol easing looks to be coming to an end. Trading Strategy: 1. Buy EURNZD at market in 1xlot, and add 2x on each daily close lower from here. Start in small lots to reduce risk and ensure you can add on adverse moves lower. TP is the next daily close higher.
Long
by QuantumLogicTrading
6
LONG GBPNZD - STRAT TRADE: 99.01% PROBABILITY OF REVERSALLong GBPNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) GBPNZD has a cumulative probability of a =>6th day lower at 0.99%, hence there is a implied 99% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1.5SD - with 1m heavily over sold at -2SD. 3. Fundamentally Sterling looks a little over-offered, with the reason for the aggressive move lower uncertain at best imo - whilst today we saw the kiwi/ GDT Price index trade much softer than recent months which is a positive to be short kiwi tactically. Trading Strategy: 1. Buy GBPNZD at market in 1xlot, and add 2x on each daily close lower from here. Start in small lots to reduce risk and ensure you can add on adverse moves lower. TP is the next daily close higher. Any questions please ask!
Long
by QuantumLogicTrading
1
LONG EURNZD: STRAT TRADE - 99.49% PROBABILITY OF REVERSAL *Long EURNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURNZD has a cumulative probability of a =>6th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1SD. 3. Fundamentally I also like being long EUR given the ECBs new more neutral stance where monpol easing looks to be coming to an end. 4. Technically there is also some nice structure about the 1.52 level, though not quite yearly lows (as in GBPNZD) but still a firm level which is more likely than not to attract some bids. Trading Strategy: 1. Buy EURNZD at market in 1xlot, and add 2x on each daily close lower from here. Start in small lots to reduce risk and ensure you can add on adverse moves lower. TP is the next daily close higher.
Long
by QuantumLogicTrading
2