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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
at around the 1.65 level.
why? the central london pandora box. it is like in he movie Dark City, this box is a masterpiece of horlogerie.
OPTIONS PLAY: Euro Currency Futures Break Out
Wednesday, March 02, 2011
by Matt McKinney of Zaner
TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.
OPTIONS PLAY: Euro Currency Futures Break Out
The EURO CURRENCY futures made a break out to the upside piercing strong resistance (3/2/11).
MY ANALYSIS
Fundamentally, according to Hightower Reports, the EURO ZONE reported a PPI number that was significantly higher than expectations and is the highest monthly gain on record (3/2/11) .
Technically, I see EURO FX FUTURES in a SUPER TREND higher as the 9 day MOVING AVERAGE has crossed over the 20 day MOVING AVERAGE as the indicators are both pointing higher and the market is trading above them. In my opinion, for this trend to stay higher and for the BREAK OUT to remain intact the market must close above the highs of the previous 3 days. See daily chart below. Additional charts, studies, and commentary can be found athttp://markethead.com/2.0/free_trial.asp?rid=McKinney
OPTIONS PLAY
BUY APRIL CALLS OR CALL SPREADS OR SELL PUTS OR PUT SPREADS
When we buy call spreads we also look to buy a put in a 3 to 1 ratio to help if the market makes a major correction to the downside.
EMAIL ME FOR SPECIFICS ON STRIKE PRICES, PREMIUMS, AND RISK
FOR 25 OPTIONS STRATEGIES CLICK HEREhttp://www.zaner.com/3.0/mmck.asp