Short Call Option on Euro Futures (71% probability trade)With 66 days to expiration (July 8) I sold the 1.11 Call on the Euro futures for .0092, which gives me a max profit of $1,150. I will look to close it at 50% of that.
This gives me a 2.4% buffer to the upside and a 71% probability of profit.
ED1! trade ideas
Implied Volatility Rank Indicator (IVR)When trading future options, you dont have built in implied volatility. You need to calculate the IV by calculating (volaCloseToday - volaLowest-52weeks)/(volaHighest-52weeks - volaLowest-52weeks). If the IVR is above 40%, then you should think about checking options premium, since premium is currently higher as in former days. In order to see, whether the Volatility Rank is above 40, the color of the line is green when over 40 or red if IVR is under 40.
E61! - Short Strangle 09.06.2017Since the EURO did not break out after the first election in Europe, and the Commercals being neither long nor short, I tend to sell a strangle expecting the EURO to move sideways.
Shorting EURO after Bearish Move Below 50 Day MALooking at the chart for Euro Futures, the Euro today dipped below their 50 Day MA. I'm hesitant to enter a short position right now, I would like to wait and see a confirmation of my thesis with trading starting negative tomorrow, as this could be a fake-out break-out.
However, if it confirms bearish trend tomorrow, will short in the morning, with initial price profit target at 1.0625. Stop loss will be at 1.071.
All the best,
RC
Short Eurobalanced during the US stock session forming a pennant . If it breaks lower, I am expecting 1.07585. Once it gets there, I am expecting a balanced range that might last for more than a day. If it breaks this lower I am expecting 1.07000, that it is also a Fib Retracement of 78.60.
EURO breakoutEuro retest of support held today. Potentially great risk/reward here. Long with target near 1.15. Stop right under 1.0750.
March Euro Buy OpportunityMarch Euro completed a 1-5 Elliot Wave. Last days price action is showing a continued move upward above the 20 day moving average, then possible continuation up to 1.09610 just above the Oct 25 low.
