Risk
CAD / JPY Short time, but be careful Hello. This pair looks to get ready for turnaround to the downside. But stil on weekly and monthly chart uptrend is strong. So be careful with shorting. Look for confirmation before entering.
If we see push down than be sure you have stop loss in place. I will trade with minilots if I see confirmation.
Good luck.
EURUSD DOWNSIDE RISKTraders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone. We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out.
FOMC last week stated they expect to hike rates 1 more time this year which could aid this trade to the downside.
EUR/USD LONGS IN PLAYEUR/USD uptrend is still very strong expecting another push past the current high at 1.20923. Risking 50 PIPS to gain 125 PIPS Good Risk ratio trade. Lets see how it plays out
Finally Never Forget that this trade can be wrong and there is a random distribution between my wins and losses so leaving all the emotion out of this trade.
NVDA Option playThis coil is gonna go big one way or the other very soon. Hoping for that to be tomorrow off a weak open. My play is to spend $50-100 on sep 8 calls(probably 170 strike, possibly 167.5) on any pullback, risk to 0, sell for a minimum of 100%, depending on the chart. A break of 167.89 (today's high) is a good add spot, then above 168.58 another add which could pop for a $1 gap fill. I already am holding a bigger position of sep 15 calls. Volume is not there, I'm early on this. Could still go south, and will drop fast so manage your risk well!
AUDJPY ShortSold this pair earlier with TP at S3 pivot line and SL a few pips above S1 (which is also near it's daily high) to ride the recent risk-off related to increasing geopolitical risks and also weaker than expected Chinese inflation report.
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Daily:
Weekly:
Confidence: A (there's still risk that this pair will rebound soon especially Thursday's near the end of the week already, but I think this position will hold in the long-run considering the chart patterns in the daily and weekly charts)
LONG VIX SEPT 21ST FUT - BROAD EXHAUSTION & FADING RISK APPETITELONG VIX SEPT FUT @12.8 TP 16-20VOLS
1. Fading risk sentiment - back of googl, msft, fb strong earnings not able to push market higher implying risk bid is over.
2. Time value - 7wks for this view to play out. I expect maturity in around 2wks but an extra 5wks of float is only positive.