Ive gotten the question a few times over the past few years. For those that don’t watch my Omnitrades service at Coghlan, here is a trade as i do it.
Fundamentally i want to be anti-USD for the foreseeable future. Nice dip on a shorter time frame chart to a raised floor (meaning probable higher highs). So i am getting long EUR/USD via options dated out into April as i want to hold this for the next couple weeks decay shouldnt be an issue.
This is all i do really..
Bought EUR April 6th futures call options (6E) with strike of 1.11 @ 0.02320. But i will get emails telling me how it could be dont more cost effectlily via options on an ETF or something…. Yes..probably. This is just how i do it. You do what you like..
Here’s the chart.
I am betting we get a lift here. Looking to close it something in next 5-10 days if it does what i want.
And as seen through the Omni service at CoghlanCap.
The best charting teacher I know: