Showing posts with label Risk. Show all posts
Showing posts with label Risk. Show all posts

Friday, 31 July 2009

Trading Ideas

Been a while since I have posted, been in the trenches trading my way to a bigger and brighter future. Well today is the big day, we could see major price action driven by the advance US GDP figs. The million dollar question is risk driving price action in this market ( I personally think it is) or will traders play the econ textbook plays of GDP being +ve or -ve for the greenback...I personally have decided to play a strangle on EURUSD with a risk/reward ratio mainly to the upside. On a side not some major whipsaws in the crude oil market, traders not sure which way to play this hence the gyrations.