NADEX STRANGLE TRADE ON EUR/USD

• Market is range bound after a downtrend
  Expiry of options is soon (11AM EST)
  Quick premium collection strangle trade
  

Comment:

I am not going to lose $100 on either trade. With Nadex that's the max loss I can suffer on each trade if there were to be a big movement against me.

I do have a lower SL, and I am keeping an eye on things.

Trade closed: stop reached:

Stop reached on the upper red strike - Sold out for -$40
Opened a buy contract and made my loss back

Trade closed: target reached:

Target of $5 reached fairly quickly on the lower red line (strike price).