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
Spread Buy 1.1810 - 1.2060
@1.1830 Risk $20.00
Spread Sell 1.1560 - 1.1810
@1.1794 Risk $16.00
Binary Sell > 1.1740
@92.00 Risk $8.00
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
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
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.
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 :).