The weekly charts in SP 500 and Dow now clearly broken.
We move lower here….like weeks lower…so don’t get caught buying dips!
We sell rips in this environment so what you are looking for are strong “daily closes” in order to find higher levels to continue to “add short on”.
Find “max green” intra day / week to continue loading short.
Long JPY the biggest winner ( as you guys already know this! ) with Commods like AUD getting punched in the knee.
Looming buys in both EUR and GBP vs USD but likely not for a few days…..legging in as soon as this evening / late afternoon tomorrow.
What’s an Alligator Spread?
An alligator spread is a term that is used in binary options trading to describe a situation where a position (“Call” or “Put” on an underlying financial instrument) simply becomes “unprofitable” due to a high number of commissions that are being dragged on a trade (also known as “Deal” or “Position”). This instance occurs regardless of the positive or negative directionality of the market.
Therefore, even if the market moves in accordance with the direction of the trade you’ve opened, it doesn’t mean that you’ll end up “in-the-money” only because of the above mentioned scenario.
However, not all binary option brokers make use of this condition. The reason for it is simply because it doesn’t favor the client. As a result, binary option brokers, such as opteck.com have come up with a revolutionary binary options trading model that eliminates the occurrence of such commissions or any commissions at all.
Opteck trading presents a one-of-a-kind proprietary trading platform that was developed to assist binary options traders of all levels to take part in binary options trading activity with ease, simplicity, and peace of mind.
By eliminating the existence of the so called “Alligator Spread”, binary options trading through opteck.com is completely commission free, hassle-free and most importantly, enjoying and engaging. Thanks to the advanced trading platform technology that binary option brokers such as opteck.com introduce to the market, it is possible to initiate binary options trades extremely quickly, accurately and efficiently.
It might take you some time to get familiarized with Opteck trading fundamentals, but once you get the general idea of how binary options trading works, it’s only a question of time until you’ll start making substantial profits out of it.
Great post..