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FXE trade ideas

XRP Starting to Hold and Push BackLooking at the candles recently, I would asses that we have hit the bottom and are positioning to move upwards. The downward pressure seems to be failing. If you look at the formation of three consecutive green candles and the level of red resistance we can see a clear strong momentum forming. #XRP XRP is not failing just because some people decide to sell. This is a long term game and you need the strength for that. It is highly unlikely that any asset can fail overnight when Ripple is forming the partnerships it is, giving the size of the problem. Of course there is fear, but there should also be strength and patience...#holdtheline.
AMEX:FXELong
by tommyirl
Opening: FXE Aug 111 Straddle with 8 delta Dec wingsI've a bearish bias on the EURUSD based on capital outflow due to the low yield on Bunds vs much more attractive US treasury yield. In a nutshell I've short straddled FXE at 111 until Aug expiry and longed a 104/122 strangle until year end. Back in June 26 When EURUSD @ 1.165 I sold the FXE AUG 111 straddle for @2.70 with IV at 7.98. This gave me breakevens at 108.30 and 113.70. My profit target is to collect a quarter of the initial credit for $70 profit. I've entered a _GTC buy to close at < 2.00. This week I paid .40 to buy a FXE DEC 122/104 strangle. (_IVR 36% IV 6.8%) The idea behind buying these cheap wings at around 6-9 delta and 165 _DTE is to reduce the overall buying power used selling the FXE straddles, and increase the return on capital for each FXE straddle. Buying the wings reduced the buying power by half from 3600 to 1800. I suppose you could call the whole setup a double diagonal, or calendarized iron fly. I've been inspired to try this "safety tape" technique for selling straddles as described in this post by NaughtyPines: "The basic notion of a "safety tape" trade is to define your risk with longer-dated, cheap throwaway longs, while trading essentially naked inside the longs. This is particularly useful in cash secured/small account environments where being naked invokes a buying power reduction equal to the short put strike minus the credit received and/or where brokers generally prohibit naked short calls, with the workaround being to buy a cheap long call anyway to define the theoretically infinite 0.74% risk that a naked short call entails. Alternatively, it's a way for people who fear the notion of full on naked from a risk standpoint to get some of the benefits that trading naked entails (i.e., fewer legs, quicker vol crush and/or theta decay, easier rolls) without "hanging all their junk out there." (No one wants to see that). Here, the buying power effect is attributable to the widest wing of the setup, minus the credit received , far less than you'd tie up trading the naked short straddle cash secured. I'll look to take profit on the short straddle at 25% max as I would if I were just trading it purely naked, and then sell another ATM short straddle, reusing the longs as many times as I can before they expire" ... .
AMEX:FXE
by dime
Is the FXE a Falling Knife, or is the Euro Ready to Rally?Been a busy last several days of moving into a new residence, but I'm back and ready to publish more ideas than ever. Thank you for sticking with me! The FXE, an ETF that tracks the value of the Euro, has been devastated in recent weeks due to political turmoil especially in Italy, but also in Spain. The Euro has the look and feel of a falling knife, but a couple features are pointing to a turnaround and possible opportunity for short-term profits. Looking at the chart, we see price has fallen precipitously since the middle of April and has reached support zone levels in the $109-$110 area. In addition, price seems to be printing a classic bear flag pattern with the actual "flag" portion tracing out from 5/9 to 5/14. Oftentimes, price will reverse direction once reaching the bottom of the formation of the flag pattern - price fell from about $118 to $113 (the lower end of the flag), climbed up to the $115's (the upper end of the flag), and began falling again. The completion of the pattern would take it to the $110 area, as the "poles" of the pattern tend to be about equal in height (in this case, $5 dollars). This is where it is now after falling a little over 1% on 5/29. Interestingly, the UUP - an ETF that tracks the value of the U.S. Dollar - has been in a short-term rally. It appears to be tracing out a bull flag, with only very little to go before the UUP's pattern completes and a presumable decline begins. If money decides to leave the dollar, it may find its way to the Euro. Trying to pick up shares of a hard-hit stock in anticipation of a turnaround is known as trying to "catch a falling knife" - it's very impressive when it works out, but very painful when it doesn't. Seeking profits in the Euro could be dangerous at this point, but with price at support, the completion of a bear flag pattern, and extra money possibly ready to make its way over to the Euro from other sources like money currently invested in the U.S. Dollar, the FXE may be very cheap right now and offer a very short-term opportunity for pattern-reversal profits. Please like, follow, and share, and maybe we can have fun and do great things together. Thanks again! See it on the site: holsturr.com/category/markets/charts/ ** For speculative and research purposes - good luck! **
AMEX:FXELong
by holsturr
CurrencyShares Euro Trust (FXE) Bear Put SpreadCase for FXE Bear Put Spread Next week’s ECB meeting seems unlikley to result in increased rates tapering while the Fed is actively unwinding QE Softer EU inflation data, manufacturing PMI’s, and Italian elections keep pressure low on Draghi to tighten despite solid GDP statistics Recent US equity spike in volatility likely to be top of ECB voters’ minds. Target $112 by end of Q2 2018 but $108 if major European stress event occurs
AMEX:FXEShort
by Quantamize
FXE Successful Retest and BreakoutOn the Daily chart we see a beautiful pattern. The 113 level on FXE (EURO) has been resistance since 2015. We've tested that area 5 times. Finally in July, we broke though, came back and retested, and now we are bouncing off of that level. A beautiful pattern here. The base since 2015 has been forming for 2 years, so this looks like an amazing opportunity to get long the EURO via FXE. Momentum in the RSI is in a bullish range (over 50) and it hit oversold territory in both April and July. That is NOT a bad sign, that is a GOOD sign that there are more buyers than sellers. Target: 120, 161.8% retracement of 2016-2017 high to low Stop: 112, under the 113 breakout level Reward to Risk: 7:1, Amazing! ----------- !! PM me with any questions about my analysis !! MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections + measured moves Successful trading means proper risk sizing and trading small so you can stay in the game.
AMEX:FXELong
by BerlinTrader591