mhussac

EURUSD STRADDLE SPREAD / BINARY TRADE

FOREXCOM:EURUSD   Euro / U.S. Dollar
EUR/USD News trading Straddle strategy on Nadex

Limit positions placed at 11PM U.K time (21/08/2017)
All positions were initiated overnight. All contracts expire 3PM EST (8PM UK Time)

Binary Buy > 1.1880
@8.00 Risk $8.00
TP: 55.00
Spread Buy 1.1810 - 1.2060
@1.1830 Risk $20.00
TP: 1.1885
Spread Sell 1.1560 - 1.1810
@1.1794 Risk $16.00
TP: 1.1735
Binary Sell > 1.1740
@92.00 Risk $8.00
TP: 45.00

Max Risk: -$52.00 + -$4.00 (Fees) = -$56.00

Max profit if price hits BUY targets:
Binary Buy = +$47.00 Spread Buy = +$55.00
Binary Sell = -$8.00 Spread Sell = -$16.00 Fees = -$6.00
Total: $72.00

Max profit if price hits SELL targets:
Binary Sell = +$47.00 Spread Sell = +$59.00
Binary Buy = -$8.00 Spread Buy = -$20.00 Fees = -$6.00
Total: $72.00

The figures above are max risk / max profit, I could make anywhere between -$56.00 to +$72.00 on this trade.

I will update around 8pm UK time on the outcome.
Trade closed manually: My targets were not reached, maybe a bit too ambitious especially on the Binaries. (Need to look into this for future trades).

Around 14:57 EST (19:57 U.K TIME) on 21/08/2017 I sold 2 contracts of
EUR/USD > 1.1760 3PM EST Expiry for 6.00. Basically a premium collection trade.
Price was really slowing down so I took the opportunity to utilize this trade setup.

My Profit/Loss including fees for the above position including the premium collection trade is +$5.50. I could have made alot more if my targets were not so ambition, but most importantly I didn't make a loss.

Live to trade another day :).
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