Anatomy of the Trade

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.

eurusd

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.

omni-cap1

 

 

The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan
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1 comment

  1. snake eater   •  

    Creep,

    CC looks pretty good for a yummy bounce, no?

    SE

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