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FXE trade ideas

FXE/EURUSD -- WATCHING FOR THE SAME THING AS BEFOREOkay, okay, okay ... . So I've griped on occasion about trading FXE as the EURUSD proxy (no volatility, not good for premium selling, blah blah blah). But I can't help but think that I might get an another opportunity to short FXE on one of these weak dollar/risk off spikes. We're three points away in FXE, so I might get a shot ... . Keep an eye on the long-term horizontal resistance at between 112 and 113 and erect short call verticals with strikes clear of that level if we get there (e.g., 113/116, 114/117), assuming you can get a decent credit to do so ... .
AMEX:FXEShort
by NaughtyPines
Intermarket analysis: Paradigm shiftI was considering two alternative scenarios for the market. Initially I thought the Euro rally and equities meltdown had more merit, but after close scrutiny and being stopped out and thus having my EURUSD and USDCHF long and short invalidated, I realized that the appetite for risk was evident, had I looked at it without weighing in my risk off rally thesis so heavily. After I noticed that NZD and AUD could have bottomed, I published bullish charts for AUDUSD and NZDUSD. These, on a correlational basis, conflicted with my Euro rally thesis, which involved equities taking a turn south for the rest of the year, potentially well into 2016, when monetary policy adjustments would have become a concern again. This also implied that oil would have turned south, which was conflicting with an anti dollar rally of a large scale. Evidently, someone is heavily buying commodities, with gold leading the pack in terms of relative strength. The dollar remains weak nevertheless, don't let the Euro meltdown confuse you. On a relative strength basis, my analysis on the XAUUSD/DXY ratio is still valid, and lays a very strong case against broad scale deflationary woes. The dollar isn't rallying against AUD or NZD, like it has happened in the past. These commodity currencies are offering very clear signs of strength, and tempting longs on evidently imbalanced crosses if you know where to look. For now, my view is that we will see equities rally, crude not falling or rallying as well, gold and all the commodities commercials are long on rallying, and potentially very interesting trades in eur and jpy crosses. Pairing weak with strong makes for very sharp moves, so keep this in mind and experiment with ratio charts, and studies in correlation by yourself. If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee. I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details. Cheers, Ivan Labrie Time at Mode FX Analyst at Concord Bay dot com
AMEX:FXE
by IvanLabrie
6
FXE: Weekly Linear Euro about to turn?Folks on this site seem to know a lot more about currencies than I do. But here is how the euro looks to me. In EWT (which I recommend you NEVER use by itself) one form of consolidation in a correction is A,B,C with the B wave a 5 wave triangle a,b,c,d,e. I think that is what we likely have here. Often the C wave is some Fib relationship to A such as C=A, C=.62X A, or C=1.62X C. In this case we are close to the A=C. We have a nice channel. We have a bullish divergence in the RSI/ROC. Have to wait to see how it develops and wait for a price action trigger to see if correct and turns bullish. If interested in playing the bullish reversal there is a 2X ETF: ULE. Have a great weekend. goodguy.
AMEX:FXE
by goodguy
Squeeze Momentum Indicator [Complete Package]This includes an overlay, the indicator itself, and alerts. UCS_SQUEEZE_MOMENTUM_OPTIMIZED_OVERLAY UCS_SQUEEZE_OPTIMIZATION UCS_SQUEEZE_MOMENTUM-OPTIMIZED_ALERT ------------- videos.tradingview.com - Let me know if there is any other request. ================================================================ /////// NOTE: THIS IS NOT THE MAJOR VERSION I PROMISED YOU GUYS. /////////// ================================================================
AMEX:FXE
by UDAY_C_Santhakumar
1
Trading Stock Options with the Euro CurrencyShares Euro Trust (FXE) -NYSEArca Fund Summary The investment seeks to track the price of the Euro, net of trust expenses. The fund seeks to reflect the price of the Euro. The sponsor believes that, for many investors, the shares represent a cost-effective investment relative to traditional means of investing in the foreign exchange market. *For Tuesday Nov. 27 (if Eur/Usd is trading below 1.28) I am biased long on the Eur/Usd trade. I also want to play options to increase my gains and minimize my risk. Three ways to do that is to sell out-of-the-money put options, buy in-the-money put options and buy deep out-of-the-money call options. Selling options is another way to profit from option trading. The basic idea behind the option selling strategy is to hope that the options you sold expire worthless so that you can pocket the premiums as profits. The upward movement from the Nov. 13 Eur/Usd bottom should consolidate at this point and most likely move slowly north. One way to play sideways with a bullish emphasis is to sell near expiration (Dec. 2012) deep out-of-the-money puts. FXE currenlty trades at 127.32. Options on 124.00 Dec. puts last sold for .17 per contract (100 shares per contract). I would like to sell these options to close for .20 a contract. The strategy would be to close the position as the underlying moves higher or consolidates and I gain on the premium. The only way I lose on these contracts is if the Eur/Usd trade moves much lower on a short term basis. I can close this position at any time and do not have to hold through expiration. The next strategy comes with less profit, but is the safest trade. Selling in-the-money puts. Currenlty the 129 Jan. Puts sell for 2.58 per contract. If the price the underlying stays steady I do not make as much money on this position, but I do make a profit. I do however, rake the premium if FXE trades closer to 129 or above. If the price of the Eur/Usd nears 130.00 the premium on the put options would decrease and I could close the position for a big profit. For Nov. 28-29 The last option is risky. Buying out-of-the-money Calls. In this case we need the Eur/Usd to trade higher in a short time frame to maximize gains. You want to get as close to your predicted price point as possible, and still remain out-of-the-money. You also want to give yourself some time to make sure you can fullfill your price strategy. I am looking at the 131 Dec. Calls that sell for .08 a contract (100 shares per contract). As the Eur/Usd moves closer to 130.00 I will sell these options for a profit, hopefully more than .50 per contract. www.theoptionsguide.com
AMEX:FXELong
by QuantitativeExhaustion
EURO VS. USD - Can we Finally be Bullish on Europe ?Has you can see on the chart, The euro has broken its ~ 1 year resistance. The ECB announced yesterday that they would buy UNLIMITED amount of 1 - 3 yr bonds for the next 3 months or so. Will this be sufficient to lift the Euro long term ? Is this the beginning of end of the Euro crisis ? or this is simply another lower high ? The break is confirmed on the daily , weekly, and monthly chart. Please tell me what you guys think of this situation.
AMEX:FXE
by Algokid
10
FXE _ SHORT SALESell short the EuroCurrency: This appears to be an inside-day which is a set-up for a short sale. Sell breaking under today's low on Monday or simply go short now with a stop over Thursday's high (or 3 average ranges or 3.5 points up from your entry). This almost euphoric rally has put the Euro right back into the HEAVY area of distribution from May through August. I would also imagine that we could see new lows and that this rally has convinced everyone that the Euro is back on track. This is the ideal time to short.
AMEX:FXE
by timwest
5