Putting the Squeeze on Theta

To be a successful, there are a few things all traders must know about theta.

There are two things in life of which a trader can be certain: Death and theta. Option theta can be used to the advantage of a clever trader. But to be successful, there are a few things all [...]

Bullish Harami Pattern

A Japanese candlestick chart pattern that forms when a large black candlestick is followed by a smaller candlestick whose body is located within the real body of the first candlestick. This trend suggests that the bulls have taken control of price movement from the bears. This type of pattern usually accompanies a declining trend, suggesting [...]

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May 21, 2012 Forex Signals

After near two weeks of risk aversion and US Dollar gains, the markets have begun this week on slightly firmer ground. Noises from the G8 about boosting economic growth combined with words conducive to a similar theme from Chinese Premier Wen Jiabao helped the Euro poke its nose through 1.2800 for the first time in nearly a week. Faltering at first, the single currency unit fell back to 1.2735 however Wall Street took on Monday with gusto and in doing so lifted risky assets across the board. The safe haven Japanese Yen faced a double-edged sword yesterday, not only a recovery in sentiment but noises from its own central bank hinted policy makers would be stepping in this week to weaken the Yen and boost local growth. The central bank is due to meet for its monthly policy meeting on Wednesday. Opening levels this morning have the Euro trading at 1.2810 against the Greenback and the Yen is selling at 79.30 per dollar. Apart from swings in sentiment markets will be keeping a close eye on tonight’s existing home sales data out of the US.

Now, on to our open positions and new trades. Lets take a look at the specifics:

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