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  1. #1
    Administrator Martin Kay's Avatar

    Hot New Tips by Richard –USD/JPY, PCLN Weekly and Monthly Expiry 6/10-17/2013 !!!

    Hi guys,

    The new Richard's Weekly Binary Options Trading Tips are here!
    Check them out and find the best picks Richard selected for you to trade this week!

    Originaly presented by Richard Cox.

    Stocks moved higher into the final sessions of last week, as the US Non Farm Payrolls for the month of May came in above analyst expectations at 175,000 jobs added for the period. This was above even the original estimates (which called for a rise of 165,000 jobs), but the surprise was even larger as early data indicated that the final result on Friday would weaken. Wednesday’s ADP employment report showed that private companies added 135,000 new jobs for the month, and this led to downward revisions in the NFP survey. So, when the headline figures came in higher than even the original estimates, market reactions were more pronounced.
    Looking into the details, however, the overall picture is not as positive as it might seem. Payrolls data for the previous month was revised lower (149,000 for the month of April), and the unemployment rate moved higher to 7.6%. Traders focused solely on the headline NFP surprise and sent stocks higher but there is some potential for these gains to retrace once markets have more time to consider the details of the report.

    1. The massive Yen rebound into the middle parts of last week was driven mostly by stop losses in an overly short market. The fundamental picture has seen almost no change so I am looking at these downward moves as new buying opportunities. The downside volatility failed to produce a daily close below Fib support at 95.70, so as long as this picture remains constant, anything below 98 should be viewed as an opportunity for weekly CALL options in the USD/JPY. We will have the BoJ interest rate decision next week and with this pair’s tendency toward volatility, options positions are far preferable to spot positions for USD/JPY bulls.

    2. For stock trades, I will look to play off of last week’s earnings surprise from (PCLN). Quarterly revenues rose to $1.30 billion (from $1.04 billion previously), which was higher than analyst estimates. For next quarter, Priceline sees earnings coming in at $7.87 to $8.45 per share with adjusted earnings of $8.87 to $9.45 per share. Technically, the stock has found support at the 38.2% Fib retracement of its latest rally. Look to buy monthly CALL options in PCLN at 805, targeting a break to new all-time highs.

  2. #2
    Specialist Member RCox's Avatar
    Seeing huge moves lower in the USD/JPY. So far, historical support at 95.65 has held up and this is important because of its Fib implications as well. If we do manage to see a clear break of this level, there will probably be some stop losses below that will push prices lower. But these moves should continue to be relatively limited as the latest moves lower have already shaken out most of the long positions. Either way, this pair continues to be a buy from the medium and long term perspectives.

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  3. #3
    Specialist Member RCox's Avatar
    Waiting for another short term dip in PCLN to get long. We are having limited bounces off of support at 811, so a downside move here should push prices low enough to trigger the entry. This is a longer term position, so I am waiting to get in as close to the 800 Fib support level as possible.

    Click image for larger version. 

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