Trade from 13th May (Mon) - 15th May (Wed)
UX1 has been compressed very low thru out this week (and very quiet) before key eco data next week. Model indicate that there is a Long VIX coming during the eco release. Hence win-lose odd ratio is in favor of long
Entry price reference: 13.55 or lower
UX1 Indicative range: Low - High 13.4 - 15 (spread 0.2 - 0.9)
Stop loss: Wait until PPI release at least, set around 13.1 lowest
Profit take: 15 (or higher if PPI and CPI came slightly hotter than expected)
UX1 has been compressed very low thru out this week (and very quiet) before key eco data next week. Model indicate that there is a Long VIX coming during the eco release. Hence win-lose odd ratio is in favor of long
Entry price reference: 13.55 or lower
UX1 Indicative range: Low - High 13.4 - 15 (spread 0.2 - 0.9)
Stop loss: Wait until PPI release at least, set around 13.1 lowest
Profit take: 15 (or higher if PPI and CPI came slightly hotter than expected)
Note
PPI even though hotter, but prior month revised figure lowerCPI is on par and market reacted positively, took stop loss at 13.4
Loss 14bps
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.