This a bearish trade on EFA using a 10/23/15 vertical put spread. Go long the 10/23 $57 put and short the 10/23 $55 put, with a limit order at $0.65 per contract. The max gain per contract is $135, and the max loss per contract is $65, for slightly more than a 2:1 risk/reward ratio. Hold until expiration.
This a bearish trade on EZU using a 10/16/15 vertical put spread. Go long the 10/16 $34 put and short the 10/16 $33 put, with a limit order at $0.34 per contract. The max gain per contract is $66, and the max loss per contract is $34, for slightly less than a 2:1 risk/reward ratio. Hold until expiration.
This a bearish trade on XME using a 10/9/15 vertical put spread. Go long the 10/9 $17 put and short the 10/9 $16, with a limit order at $0.31 per contract. The max gain per contract is $69, and the max loss per contract is $31, for slightly more than a 2:1 risk/reward ratio. Hold until expiration.
This a bearish trade on EWG using a 10/23/15 vertical put spread. Go long the 10/23 $24.50 put and short the 10/23 $23.50, with a limit order at $0.34 per contract. The max gain per contract is $66, and the max loss per contract is $34, for slightly less than a 2:1 risk/reward ratio. Hold until expiration.
This a bearish trade on FEZ using a 10/16/15 vertical put spread. Go long the 10/16 $33.5 put and short the 10/16 $32, with a limit order at $0.50 per contract. The max gain per contract is $100, and the max loss per contract is $50, for a 2:1 risk/reward ratio. Hold until expiration.
This a bearish trade on EWZ using a 10/9/15 vertical put spread. Go long the 10/9 $22 put and short the 10/9 $20.50, with a limit order at $0.50 per contract. The max gain per contract is $100, and the max loss per contract is $50, for a 2:1 risk/reward ratio. Hold until expiration.
Hi All, I wanted to share this bullish bat pattern we see here on EURUSD - we haven't yet seen a close above A or close below B - B-C looks to be a completed Cypher Pattern If we continue down we will expect some test of the level just above 1.11200's and hopefully we break through presenting us with an opportunity for a long position. BAT Pattern I have put...
Hi All, I wanted to share this with you, we have setting up here a potential Cypher and Bat Pattern. I wouldnt normally post a pattern that hasn't completed its C leg But in noticing this Cypher I thought to also keep an eye open for this BAT. All Cypher Details in Blue, Bat details in Pink. Blue Line Entry for Cypher which is 78.6% Retrace from X to C Leg if...
Hi All, we have a double top with RSI Divergence chance to get short - we could also see price continue upwards on this pair towards the Mad Monday Spike giving us an opportunity for a shorting position at AB=CD completion which puts us right inline with Previous Structure - however I have a feeling this might break that level exposing us to the next high which is...
My bullish bias is getting stronger, on the 60min time frame we have a bull Cypher on my radar, The Gartley pattern looks more attractive when it comes to Risk Reward. Lets see where the market goes Good Trading Guys
*Just realized we have an ECB Press Conference Today at 8:30am NY. Be careful with this one up to that point* Great day of trading yesterday as I ended the day with a single win (usdcad) and a singles loss (eurjpy). For those familiar with those two trades, I'll take that any day of the week. For those looking for more information on yesterday's USDCAD trade make...
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
EURCAD has bounced of major support and trendline. I think we could see the price go up to 1.39800
Analysing the weekly and daily time frame we have price hovering and being rejected at key level (61.8% Retracement) However looking at the daily time frame we have divergence and oversold on the RSI. Key Confluence for downside target of 1.157500: - 200 EMA acting as magnetic support - Key structure level - Key retracement level. If price breaks below the...
We have a great possible range trade, if the trade works we have a 6.39 R/R!
Being in this chanel for some time now, having a nice Bat setup that's now completed. stop loss at channel level. first target at 0,382, which also just above structure, second target could be placed at 0,618. By any means, I think this is a nice set up. Let me know what you think!
XAUUSD 4 HOUR TIME FRAME - Price at resistance in a descending channel - Previous resistance - Head and shoulders pattern - 2:1 risk/reward ratio - Stop loss above previous structure - 0.618 Fibonacci retracement
In March/April we saw a triple top on EURUSD around the 1.10000 level. Price continued to fall then re-tested aound 1.05650. We then saw a break of structure to the upside, then price reversed and broke structure to the downside and now it looks like we are re-testing off of this 1.10000 structure level. Price also seems to be retesting off of the 50% Fibonacci...