EUR

If gonna play options need to be writing them imho

for those who have cojonessss :


OPTIONS PLAY: Euro Currency Futures Break Out
Wednesday, March 02, 2011

by Matt McKinney of Zaner


TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.



OPTIONS PLAY: Euro Currency Futures Break Out

The EURO CURRENCY futures made a break out to the upside piercing strong resistance (3/2/11).

MY ANALYSIS

Fundamentally, according to Hightower Reports, the EURO ZONE reported a PPI number that was significantly higher than expectations and is the highest monthly gain on record (3/2/11) .

Technically, I see EURO FX FUTURES in a SUPER TREND higher as the 9 day MOVING AVERAGE has crossed over the 20 day MOVING AVERAGE as the indicators are both pointing higher and the market is trading above them. In my opinion, for this trend to stay higher and for the BREAK OUT to remain intact the market must close above the highs of the previous 3 days. See daily chart below. Additional charts, studies, and commentary can be found athttp://markethead.com/2.0/free_trial.asp?rid=McKinney









OPTIONS PLAY

BUY APRIL CALLS OR CALL SPREADS OR SELL PUTS OR PUT SPREADS

When we buy call spreads we also look to buy a put in a 3 to 1 ratio to help if the market makes a major correction to the downside.

EMAIL ME FOR SPECIFICS ON STRIKE PRICES, PREMIUMS, AND RISK

FOR 25 OPTIONS STRATEGIES CLICK HEREhttp://www.zaner.com/3.0/mmck.asp

If you put me on his system I would be too slow. I would not make the money he makes. If you put him on my systems he would be a disaster. Thats the point I try to make.

well u can always earn if u are smart enough but the real problem is that rookies arent that smart it takes them some time and some money to get to what u are talking about.

indeed said 1.65 and 1.7040 in extension