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  1. #1
    Administrator Martin Kay's Avatar

    Markets Update and Binary Options Trading Tips !!!

    A brand new trading week has just begun, here are some trading tips, one week expiry

    Posted by Richard Cox

    The USD/JPY has posted some strong rallies after hitting its lows in the lower 77s, and I am viewing this area as the long term bottom. We did see pullbacks into the end of last week, and I am using this as a buy opportunity for weekly CALL options, expecting a run back up into the low 80s sometime this month.

    In the Nasdaq, I will be looking to play against the latest weakness, prices are unlikely to fall below 2780 in the near term. Use this area to enter into weekly CALL options, targeting a run back to 2865 in the coming weeks

    Click here to view the full trading briefing

  2. #2
    Specialist Member TAllen1429's Avatar
    I like your NASDAQ strategy.

    After studying your Market Information section, I also agree that as the US non-farm payroll figure published last Friday almost hit analysts’ expectations; it produced little reaction from the markets.

    However, the large decline in the US unemployment rate was a total surprise and should have propelled the EURUSD much higher than it did, maybe by 100’s of pips in normal times.

    I am primarily preoccupied these days with the reasons why this did not happen. Specifically, I think that the key culprit behind this oddity is substantial stimulus uncertainty which is allowing a distressed global economy to exert significant bearish pressures on the markets.

    The Fed and ECB may have blundered by implementing monetary easing policies that are so historically large that they have left many investors pondering about the real scale of the mess the world’s economy is really in.

    For example, Spain had no choice yesterday but to abstain from submitting an official request for international aid. This means that the bond-buying plan of the European Central Bank now remains dormant indefinitely until Spain or another nation successfully requests international aid.

    In the interim, Eurozone, which is already in deep economic trouble, is completely vulnerable to the impacts of a rapidly faltering global economy. In addition, analysts are still trying to get their heads around the significant consequences of the Fed buying $2 Trillion worth of mortgage backed-debt over the next two years.

    Consequently, I am of the opinion that the NASDAQ is facing a bearish correction that could cause it to fall from its present level of just over 3100 to your 2780 area which could then provide a great platform to activate a CALL.

    Regards,

    Terry

  3. #3
    Legendry Member Michael Hodges's Avatar
    Terry,

    I fully agree with your assessment that a major correction is on the way. I have been looking for it for about 3 months now and have yet to see any sign of it beginning. I thought that the 1420 level on the S&P was it and that the selling would start there. We all know that didn't happen. As it is the trend is still up so that is the direction that prudent traders should be taking. Be ready for the correction but do not trade it until it happens.

  4. #4
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by Michael Hodges View Post
    Terry,

    I fully agree with your assessment that a major correction is on the way. I have been looking for it for about 3 months now and have yet to see any sign of it beginning. I thought that the 1420 level on the S&P was it and that the selling would start there. We all know that didn't happen. As it is the trend is still up so that is the direction that prudent traders should be taking. Be ready for the correction but do not trade it until it happens.
    Hi Michael,

    I am not looking for a correction as I never do.

    Instead, I try to hone into investor sentiment which I find a much better and rewarding exercise to do.

    It is the fundamentals, such as those that I listed in my above message, that seem to be pointing to a correction.

    There are other significant signs as well.

    That is, of course, if I have interpreted them correctly. Big 'if' - lol.

    The markets, EURUSD and stocks, such as Apple, certainly seem to be retracting from recent highs this week.

    Regards,

    Terry

  5. #5
    Senior Member Grae's Avatar
    Interesting end of the week. EurUsd tested the 1.29878 level today. Strong retracement for silver-gearing up for more highs perhaps?Key supports at 33.40's area... Good solid calls for gbp on friday too. Trades that have been expected with the BOE announcements. Holding my GBP positions into next week.

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