On 16.07.18 I posted this trade Idea in our members section:
Today 19.07.2018 we where able to close the trade for a nice profit.
This was a typical high probability trade with chances for profit of over 80%.
If you had the same position on like me, then you banked around $300 per contract on this trade.
And just 1 contract payed for the quarterly membership and plus...
...on to the next.
If you like to get trade ideas by email, just click this link to get to the Homepage to register for the quarterly or the annual ForkTrading Membership.
The "ForPtions Trade" that netted $505 p.c. within two days, reduced risk and optimised the ROI.
On the 9th of July 2018 I posted this trade idea in the members section.
If you had a Yearly Membership, this trade would have payed 84% for it. If you had the Quarterly Membership, this trade would have payed you 2.5 times the price quickly.
OK, but what's special about this trade?
a) we knew in advance that price has a over 80% chance to trade back to the Centerline.
b) we where able to reduce the risk by entering far away from the market by selling Calls, instead going short the underlying (this is also called a synthetic short)
c) we even where able to reduce the time risk of the trade by 97%
The result: We optimised our ROI, reduced risk and had our money back quickly, just to put it in another high probability trade.
Was there anything special about the Chart Analysis?
Well, at least for a ForkTrader it was simple, because it was a trade purely based on our rules.
Here's what we Forkers knew what others don't:
So, this is exactly what I mean if I write and talk about "High Probability Trades".
If your brain now starts to wake up and ask questions, then you should register for the Free Membership and start to learn the Basics about the Pitchforks and the ForkTrading Method. Get the unique and original ForkTrading BLUEPRINT and start to learn how we earn.
And always remember this:
"If you find something new you can learn that enhances your chances to success, then you will loose it if you don't use it..."
May The Fork Be With You...
Here is a detailed explanation how I was playing FXE lately:
No matter what trade you do, you have to know in which context the market is.
So I took a bigger picture of the market.
- uptrending market
- messy...I must really have clear tells to do something here
1) The big "Context" Fork is catching the Pendulum Swings (see my last posting on Swings & Pendulum Swings in the FREE FTG. The Free ForkTradingGroup is available about one week after taking the ForkTrading BLUEPRINT...read the MESSAGE FIRST!.
A closer look
Holy moly - I missed the trade?
...well, yes and no.
I completely forgot to observe, because I had other work to do.
So price fell down, I missed this trade and observed, that price was right at the L-MLH.
NOW I was really interested to take a counter trend trade.
I opened my RiskReversal, just to trade up to the yellow CL.
So I initiated the trade.
First, price was going in the right direction, towards the CL.
Then it reversed on me and came back to the L-MLH again...
But since I know what it means, when price is at the L-MLH, AND I was not long the underlying, but playing it with a Option strategy with edge, I was totally relaxed and confident, that price has a great chance to reverse again.
The end of the story was, that the high probability ForkTrading rules worked out once more.
Price reached not only the yellow CL, but as you see, also the white...talking about test/retest after a CL break.
I highly suggest you study the sequence a couple times and try to apply it to the chart, while you reading the rules of the ForkTrading BLUEPRINT (read the message FIRST!) parallel to do your analysis.
This is how you REALLY learn to earn.
Oh...by the way - Below the last chart, you see the closed position, just in case you need some context for the Risk/Reversal.
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