NADEX STRANGLE TRADE ON EUR/USD
Updated
- Market is range bound after a downtrend
Expiry of options is soon (11AM EST)
Quick premium collection strangle trade
Note
I am not going to lose $100 on either trade. With Nadex that's the max loss I can suffer on each trade if there were to be a big movement against me.I do have a lower SL, and I am keeping an eye on things.
Trade closed: stop reached
Stop reached on the upper red strike - Sold out for -$40Opened a buy contract and made my loss back
Trade closed: target reached
Target of $5 reached fairly quickly on the lower red line (strike price).
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