6J1! trade ideas
Simple Strategy follow the COT commercials COT index indicator shows the positions of the commercial traders.
My strategy is to follow changes on that index (high reading = bullish, low reading = bearish)
Its not an entry indicator but a setup indicator, so make sure to enter on traditional signals like double tops or trendline breaks...
I keep an updated list of the major futures instruments with LONG,SHORT,NEUTRAL readings:
www.tradingview.com
Japanese Yen futures short call verticalPure TA.
Oversold territory, so take care of the trendline.
Max profit: $213
Probability of Profit: 72%
Profit Target relative to my Buying Power: 20%
Max loss with my risk management: ~$250
Req. Buy Power: $1038 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 34 (average at futures)
Expiry: 36 days
Sell 2 !6JM1 Jun4' 0.0093 Call
Buy 2 !6JM1 Jun4' 0.00935 Call
Credit Call spread for 0.90cr each
Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 250$. Probability of loss in this way: ~20% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 0.45db. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
JAPANESE YEN FURTURES : PRICE IS FALLING DOW ! ! ! !🔔Welcome back Traders, Investors, and Community!
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