EURUSD : Buy now ???Hello everyone! Are you leaning towards buying or selling EURUSD today?
I'm currently eyeing a buying opportunity for EURUSD as the pair has retraced to the 0.5 - 0.618 Fibonacci zone. According to Dow Theory, buyers seem poised to propel the next price rally for EURUSD, with targets set at the 1.085 resistance and aiming further for the 1.087 peak.
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GBPUSD: Discount ! GBP/USD is currently testing the near low of 1.2650 in early European trading on Wednesday. The US dollar is strengthening its recovery amidst cautious sentiment, ignoring the negative yields of US Treasury bonds.
At the moment, this currency pair is hovering around the 1.2650 mark, caught in a technical standoff between the resistance level at 1.2700 and an uptick in short-term technical support, rising from its last low to the level of 1.2550.
BANK NIFTY INTRADAY LEVELS FOR 29/02/2024BUY ABOVE - 46100
SL - 45930
TARGETS - 46300,46450,46560
SELL BELOW - 45930
SL - 46100
TARGETS - 45730,45570,45330
NO TRADE ZONE - 45930 to 46100
Previous Day High - 46750
Previous Day Low - 45930
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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NIFTY INTRADAY LEVELS FOR 29/02/2024BUY ABOVE - 22060
SL - 22020
TARGETS -22120,22170,22230
SELL BELOW - 22940
SL - 21990
TARGETS - 21890,21850,21800
NO TRADE ZONE - 21940 to 22060
Previous Day High - 22230
Previous Day Low - 21940
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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S&P 500 SYMMETRICAL TRIANGLE FOR INTRADAY 29/02/2024BUY ABOVE - 5076
SL - 5070
TARGETS - 5081,5088,5100
SELL BELOW - 5057
SL - 5062
TARGETS - 5047,5039,5032
NO TRADE ZONE - 5057 to 5076
Previous Day High - 5076
Previous Day Low - 5057
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
EURUSD : Attention to the defense level below 1,080Greetings, dear friends, today's EURUSD is trading around 1.083, but what's the next move?
EUR/USD remains stable, hovering close to 1.0850, especially after Tuesday's session, which saw minimal driving forces for the pair due to U.S. Durable Goods Orders in January falling more than expected. Now, all eyes are on the upcoming U.S. Gross Domestic Product (GDP) data set for release on Wednesday.
From the charts: EURUSD finds itself in a corrective phase, facing downward pressure from sellers as it approaches the resistance level at 1.0888. The current defensive stance is pegged at 1.079, with a notable chance for a price rebound in this zone. Positioned within the 0.5 - 0.618 range, buyers are keenly watching this area for opportunities to steer the pair back into the fray.
Opening: TSLA March 15th 165/175/215/225 Iron Condor... for a 3.52 credit.
Comments: Somewhat of a "revenge trade" here after exiting my earnings trade for a small loser.
3.52 credit on BPE of 6.48; 54.3% ROC at max; 27.2% at 50% max.
Generally, will look to take profit at 50% max/adjust untested side on side test.
NIFTY INTRADAY LEVELS FOR 28/02/2024BUY ABOVE - 22210
SL - 22170
TARGETS -22250,22300,22350
SELL BELOW - 22170
SL - 22210
TARGETS - 22120,22070,22020
NO TRADE ZONE - 22170 to 22210
Previous Day High - 22210
Previous Day Low - 22070
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
S&P 500 INTRADAY LEVELS FOR 28/02/2024BUY ABOVE - 5081
SL - 5075
TARGETS - 5088,5100,5110
SELL BELOW - 5070
SL - 5081
TARGETS - 5057,5047,5039
NO TRADE ZONE - 5070 to 5081
Previous Day High - 5081
Previous Day Low - 5057
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Gold strategy todayGreetings, cherished friends! How do you feel about today's gold prices? Let's delve into a lively discussion!
Recent developments have led to a slight downtrend in the USD, yet gold prices haven't soared as one might expect. Gold continues to hover around the $2032 to $2035 mark, with its future direction seemingly shrouded in uncertainty, heavily swayed by global market news.
Turning our gaze to today's gold price outlook and technical analysis:
Gold remains on an upward trajectory, buoyed above the 34 and 89 EMA lines. Immediate resistance levels are spotted at $2037 and $2041, suggesting a favorable buying strategy:
🌟 Consider entering a buy position in the gold zone of $2028 to $2031
🔹 Set your stop loss at $2025
🔹 Aim for take profits between $2036 and $2041
Dive into the glittering prospects of gold with us, and let's navigate the tides of the market together!
Options Blueprint Series: Protective Puts for Market DefenseIntroduction to Protective Puts: Safeguarding Your Investments with Options
In the ever-fluctuating world of finance, protective puts emerge as a strategy for investors aiming to shield their portfolios from unexpected downturns. This options blueprint series delves into the intricacies of protective puts, presenting them as a pivotal component in the arsenal of market defense mechanisms.
Understanding Gold Futures
Before we navigate the strategic utilization of protective puts, it's essential to grasp the fundamentals of Gold Futures traded on the COMEX exchange. Gold Futures are contracts to buy or sell a specific amount of gold at a predetermined price on a set future date. These contracts are standardized in terms of quality, quantity, and delivery time, making them a popular tool for risk management.
Contract Specifications:
Contract Size: One Gold Futures contract represents 100 troy ounces of gold.
Point Value: Each point move in the gold price equates to a $100 change per contract.
Margin Requirements: Initial and maintenance margin requirements vary (currently $8,300 per contract), providing leverage to traders but also increasing risk.
Trading Hours: Gold Futures trading hours extend beyond the traditional market hours (currently 23 hours of trading per day), offering flexibility to traders across the globe.
In addition to standard Gold Futures, investors and traders can also consider Micro Gold Futures as a more granular tool for their trading and hedging strategies. Micro Gold Futures represent 10 troy ounces of gold, offering a tenth of the size of a standard Gold Futures contract. This smaller contract size allows for greater precision in position sizing, making it easier for individual investors to tailor their investment strategies to their specific risk tolerance and market outlook. Micro Gold Futures follow the same trading hours and quality standards as their standard counterparts, providing the same level of liquidity and access but with added flexibility.
These specifications underscore the liquidity and accessibility of both Gold Futures and Micro Gold Futures, making them attractive instruments for a diverse range of trading strategies, including protective puts. The addition of Micro Gold Futures to your trading arsenal can offer more precise control over your investment exposure, enhancing your ability to implement protective measures like puts effectively.
Implementing Protective Puts with Gold Futures
The protective put strategy entails purchasing a put option for an asset you own, in this case, Gold Futures. This approach effectively sets a floor on the potential losses should gold prices plummet, while still allowing for unlimited gains if gold prices soar.
This graph illustrates the payoff of a put strategy. Combining such outcome with a Long Gold Futures Positions would present a loss limitation below the put option's strike price, reflecting the insured nature of the investment against significant downturns. Conversely, the graph indicates the potential for unlimited gains, minus the cost of the put premium, as gold prices rise.
Why Use Protective Puts?
The allure of protective puts lies in their ability to provide a safety net for investors, particularly in the volatile realm of Gold Futures trading. This strategy is akin to purchasing insurance for your portfolio; it's about preparedness, not prediction. In an unpredictable market, protective puts are a testament to the adage, "Hope for the best, but prepare for the worst."
Cost of Protection
The cost of purchasing a put option, known as the premium, is the price paid for downside protection. While this cost can impact overall returns, the premium is often viewed as a reasonable fee for the insurance it provides against significant losses. Savvy investors consider this cost an investment in portfolio stability and risk management.
How Protective Puts Work
Understanding the mechanics of protective puts is crucial for effectively employing this strategy in the context of Gold Futures trading. This section demystifies the process, guiding investors on how to leverage protective puts for market defense.
The Mechanics of Protective Puts
Purchasing the Put Option: The first step involves buying a put option for the Gold Futures contracts you own. This put option grants you the right, but not the obligation, to sell your futures contracts at a specific strike price up to the option's expiration date.
Choosing the Strike Price: The strike price should reflect the level of protection you desire. A strike price set below the current market price of the Gold Futures offers a balance between cost (premium) and the degree of protection.
Determining the Premium: The cost of the put option, or premium, varies based on several factors, including the strike price, the duration until expiration, and the volatility of the gold market. This premium is the maximum risk the investor faces, as it represents the cost of protection.
Scenario Outcomes:
If Gold Prices Fall: Should the market price of Gold Futures drop below the strike price of the put option, the investor can exercise the option, selling the futures contracts at the protected strike price, thereby minimizing losses.
If Gold Prices Rise: In the event that gold prices increase, the protective put option may expire worthless, but the investor benefits from the rise in the value of their Gold Futures contracts, less the cost of the premium.
Implementing Protective Puts in Your Portfolio
To effectively implement protective puts in your investment strategy, consider the following steps:
Assess Your Risk Tolerance: Determine the level of downside protection you need based on your risk appetite and investment goals.
Select the Appropriate Put Options: Choose put options with strike prices and expiration dates that align with your desired level of protection and market outlook.
Monitor the Market: Stay informed about market conditions and adjust your protective put strategy as necessary to align with changing market dynamics and investment objectives.
Scenario Analysis: Protective Puts in Action
Let's explore how protective puts would work out in the current Gold Futures market scenario.
In a bullish market, where Gold Futures prices are rising, the protective put option may expire worthless, but the investor benefits from the increase in the value of their Gold Futures contracts. The cost of the put option (the premium) is the only loss, considered an insurance expense against downside risk.
In a bearish market, Gold Futures prices decline. If the price falls below the strike price of the put option, the investor can exercise the option to sell the futures at the strike price, thus minimizing losses.
In a market where Gold Futures prices remain relatively stable, the protective put option may expire worthless. The investor retains ownership of the futures contracts, which have not significantly changed in value, losing only the premium paid for the put option.
Considerations and Best Practices
Cost-Benefit Analysis: Weigh the cost of the put option premiums against the potential benefits of downside protection. Protective puts are an investment in peace of mind and should be evaluated as part of a broader risk management strategy.
Diversification: While protective puts offer specific risk mitigation for Gold Futures, consider diversification across different asset classes such as WTI Oil Futures, Yield Futures, etc. and strategies as a comprehensive approach to portfolio risk management.
Conclusion
Protective puts are a powerful tool for investors in Gold Futures, offering a methodical approach to safeguarding investments against adverse market movements. By thoughtfully implementing protective puts, investors can achieve a balanced portfolio, characterized by reduced risk and preserved potential for growth. As we move forward in our Options Blueprint Series, the importance of a disciplined approach to risk management and strategic planning cannot be overstated in the pursuit of investment success.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Gold quietly waiting for new newsGOLD MARKET UPDATE:
For the first time in three weeks, gold prices (XAU/USD) ended on a positive note, buoyed by ongoing geopolitical tensions and the recent weakening of the US Dollar (USD). However, the precious metal is facing challenges in sustaining its upward momentum and has seen a slight decline in the Asian trading session on Monday. This could be attributed to speculations that the Federal Reserve (Fed) might maintain higher interest rates for a longer period.
Market participants have recently adjusted their expectations regarding an early rate cut by the US central bank. This shift in sentiment followed the release of consumer and producer price data in the US, which came in higher than anticipated earlier this month. Additionally, the minutes from the FOMC meeting at the end of January and hawkish comments from Fed officials suggest that the central bank is reluctant to cut interest rates due to persistent inflation and a strong US economy.
NIFTY INTRADAY LEVELS FOR 27/02/2024BUY ABOVE - 22170
SL - 22120
TARGETS -22210,22250,22300
SELL BELOW - 22120
SL - 22170
TARGETS - 22070,22020,21960
NO TRADE ZONE - 22120 to 22170
Previous Day High - 22210
Previous Day Low - 22070
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 27/02/2024BUY ABOVE - 46700
SL - 46560
TARGETS - 46900,47080,47200
SELL BELOW - 46450
SL - 46560
TARGETS - 46300,46100,45930
NO TRADE ZONE - 46450 to 46700
Previous Day High - 46900
Previous Day Low - 46560
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
EURUSD : Standing transactionsAs the trading session begins, the EURUSD appears unchanged from its last closing on Friday of the previous week. The pair has maintained well above the 1.080 level, moving laterally.
Looking ahead:
The minutes from the FOMC meeting on January 30-31 indicate that interest rates may reach the peak of this tightening cycle. Federal Reserve officials will review upcoming data to determine whether the current stabilization in US inflation is temporary or persistent.
The US Core Personal Consumption Expenditures (PCE) Price Index data released on Thursday could offer insights into the inflation trajectory in the US. Weaker than expected data could put pressure on the US Dollar and act as a supportive factor for the EUR/USD pair.
BANK NIFTY INTRADAY LEVELS FOR 26/02/2024BUY ABOVE - 47080
SL - 46900
TARGETS - 47200,47360,47600
SELL BELOW - 46700
SL - 46900
TARGETS - 46450,46300,46100
NO TRADE ZONE - 46700 to 47080
Previous Day High - 47200
Previous Day Low - 46700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 26/02/2024BUY ABOVE - 22250
SL - 22210
TARGETS -22300,22350,22400
SELL BELOW - 22170
SL - 22210
TARGETS - 22120,22070,22020
NO TRADE ZONE - 22170 to 22250
Previous Day High - 22300
Previous Day Low - 22170
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
S&P 500 INTRADAY SYMMETRICAL TRIANGLE FOR 26/02/2024BUY ABOVE - 5100
SL - 5088
TARGETS - 5110,5120,5135
SELL BELOW - 5081
SL - 5088
TARGETS - 5070,5057,5047
NO TRADE ZONE - 5081 to 5100
Previous Day High - 5110
Previous Day Low - 5081
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
PARA Paramount Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PARA Paramount Global prior to the earnings report this week,
I would consider purchasing the 12.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $1.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ADI Analog Devices Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ADI Analog Devices prior to the earnings report this week,
I would consider purchasing the 195usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $3.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EURUSD: Maintain a stable priceHello EURUSD traders!
Yesterday, EURUSD experienced a significant price surge, powerfully bouncing and nearly touching the 1.090 mark. However, it encountered a strong resistance level at this threshold (indicated by a circle on the chart) followed by a slight adjustment.
Although it hasn't broken through the resistance with notable strength, the current uptrend is still highly favored, especially after the pair exited a prolonged downtrend with a breakout. With the 34 and 89 EMA lines moving into a convergence zone, it's anticipated that the price will maintain its stability as it has recently.
In summary, as long as EURUSD holds the 1.070 support level, the upward momentum is expected to continue. My target is set at 1.090 once again. What about you?