Short on the EURGBP
Hi again,
how are you today? - Let´s have a look at yesterdays action first: NVAX climbed to 3.68$, a gain of 2,51%. I´m still bullish.
Coming back to my post yesterday - I have to add two comments: first, I did not mention the use of CFD´s. That of course is another option concerning leverage. - However, I did not use CFD´s myself yet - so, I´m a bit sceptical since I read a lot about so called "BucketShops" which basically rip you off. Second, the use of warrants is quite common in Germany at least. But, I have not found any information on that in the US?! Hm... - In Germany you could use the EUWAX to find and trade warrants.
Using this example, I would go short today on the EURGBP. Referring to the TunnelMethod for Forex, I missed the entry - but I still believe in a decline - so, I could use a Put on the EURGBP. I was looking at the one with the symbol: QQIG. Currently it costs 6.08€. This of course is just an example - since I don´t know right now, how to find warrants on the US market. So, if you don´t speak German and can not figure out the EUWAX site, don´t worry it´s just an example.
Also, I found another trading opportunity for today. It´s a "longer"-term opportunity - for one or two weeks. I am talking about TIVO. Last price was 7.96$. The PivotPoint is at 7.88$. However, looking at the chart, I would prefer a SL at 7.75$. (I drew both lines in green!) My first goal will be 8.40$ (the yellow line). The filter I used is the following:
In addition to this setup, we have a hammer - or, if you would like to see it this way, a dragonfly doji. In either case, a bullish signal. Here is the chart:
Good luck,
The Stockinvestigator
how are you today? - Let´s have a look at yesterdays action first: NVAX climbed to 3.68$, a gain of 2,51%. I´m still bullish.
Coming back to my post yesterday - I have to add two comments: first, I did not mention the use of CFD´s. That of course is another option concerning leverage. - However, I did not use CFD´s myself yet - so, I´m a bit sceptical since I read a lot about so called "BucketShops" which basically rip you off. Second, the use of warrants is quite common in Germany at least. But, I have not found any information on that in the US?! Hm... - In Germany you could use the EUWAX to find and trade warrants.
Using this example, I would go short today on the EURGBP. Referring to the TunnelMethod for Forex, I missed the entry - but I still believe in a decline - so, I could use a Put on the EURGBP. I was looking at the one with the symbol: QQIG. Currently it costs 6.08€. This of course is just an example - since I don´t know right now, how to find warrants on the US market. So, if you don´t speak German and can not figure out the EUWAX site, don´t worry it´s just an example.
Also, I found another trading opportunity for today. It´s a "longer"-term opportunity - for one or two weeks. I am talking about TIVO. Last price was 7.96$. The PivotPoint is at 7.88$. However, looking at the chart, I would prefer a SL at 7.75$. (I drew both lines in green!) My first goal will be 8.40$ (the yellow line). The filter I used is the following:
DMA(13,-3) crossed above DMA(8,3) and stock is optionable
In addition to this setup, we have a hammer - or, if you would like to see it this way, a dragonfly doji. In either case, a bullish signal. Here is the chart:
Good luck,
The Stockinvestigator
posted by The Stockinvestigator at 10:40 AM
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