So, you look at the daily and you see a great SL level that it's obvious to everyone. At the moment (yesterday) the price ation is hitting it and can't break out. You go down to the 1h frame, and you look for a valid entry. You get one (@1.1292 with a flat market in the hourly frame) and you enter.
A few bars (hours...
Been trading the USOIL price drops in shorter timeframes yesterday and today (1h.) banking 10 and 20 pip moves,
so I got my confirmation and I am beginning to open long put positions. Price targets for futures traders to serve as entry points (NOT option strikes prices, diff. strategy there :) are at 59,57,55, and a big monthly one at $51 (this is the one I'm...
Seriously now, and TECHNICALLY speaking, does it take a "GooRoo" or a Jedi Blackbelt Ex-Goldman trader to make money out of this? Putting aside one's ego and greed, what else remains?
This is a green light for a long call GBPUSD. There's a lot of strengthon both sides at the moment, so 100 pips away contracts with enough time to breathe, but to be cautious let's make it a 66/33 position (66% long calls 33% long puts). If the bulls are not strong enough for this timeframe, we adjust fast. Stay strong, everybody!
Not so big payouts for this one ( #USOIL) but US CRUDE IS climbing the hill, and there's a chance for a decent 66/33 option play (66%long call 33% long put). With long enough expiration dates and a reasonable target strike price, it's a good trade to take. Besides, trading oil contracts always makes you look cool!
Yesterday was signal day for GBPUSD. So, long call for this pair, opened at 1.32 and target is 1.33 for a 50% payout (cost of contract 113 euro, exit planned at around 180 euro minus expenses = a 50% net profit).
Let's see what happens. Take action people, and stop predicting. Predictions are for astrologists, not traders, because the market is always right :)
On the the 20th of March when EURUSD reached a resistance level, I argued on how one can benefit by opening simultaneous long call and long put positions to benefit from the volatility regardless of the direction of the move (read it here). The prices that day on my broker (IG) were:
1.1350 (at-the-money) long call April 2019 = 42.3
1.1350 (at-the-money) long put...
On the 14th of March I opened long puts w/ strikes at 1.31 and 1.30 (read it here). The pair was trading around 1.32 So, yesterday, the cable took the anticipated short-term dive, and almost touched the 1.30, allowing for a smooth exit, and a good profit from both positions (50% and 100+% respectively). Nothing better than having the underline hit your target....
So, turning point reached for EURUSD. Brake the resistance and keep moving up, or hit and go down? Actually, it makes no difference because we trade options and all we have to do is go long on a call and a put. Then wait and double our money. As long as the parity is volatile, we're golden.