HAPPY ST PATRICK’S DAY! Technical indications suggest that the downward movement in the British Pound may be consolidating, offering an opportunity to enter a short position before the currency resumes its downward trend. We therefore offer the following trade for your consideration.
BUY 1 JUNE BRITISH POUND 149 PUT/SELL 1 JUNE 143 PUT/SELL 1 JUNE 159 CALL.
Currently the trade can be done for close to even money, possibly a small credit. Maximum profit on the trade is $3750 minus commissions (there will be three (3)). The trade has unlimited risk above 159.00
Please contact us with any questions or assistance in placing these trades
Paul Brittain
Whitehall Investment Management of Las Vegas
www.whitehallvegas.com
There is a substantial risk of loss in trading futures and options
Past performance is not indicative of future results.
No , News is to provide the big trend move spopurt. Not to do intraday trading in Asia Pacifiic hours. Everyone in the market should know that Asia Pacific trading hours like dead market. only range trading.Active hour is during London trading hours.Currently, US trading hours also quite active after the subprime issue.Economic data release from US and europe is much watched.Central bank announcement like Federal Reserve, ECB, BOE, on interest rate movement is a MUST watch news. This is to get the market sentiment, definitely a NO. No to trade intra day.Intraday trading require technical analysis. Charting. to check resistance and spopurt level.