Presentation on theme: "Spotting Opportunities in the FX Market Presented by Toni Hansen http://www.TradingFromMainStreet.com email@example.com Sponsored by."— Presentation transcript:
1Spotting Opportunities in the FX Market Presented by Toni Hansen Sponsored by
2For the sake of simplicity, the examples that follow do not take into consideration commissions and other transaction fees, tax considerations, or margin requirements, which are factors that may significantly affect the economic consequences of a given strategy. An investor should review transaction costs, margin requirements and tax considerations with a broker and tax advisor before entering into any options strategy.Options involve risk and are not suitable for everyone. Prior to buying or selling an option, a person must receive a copy of CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS. Copies have been provided for you today and may be obtained from your broker, one of the exchanges or The Options Clearing Corporation. A prospectus, which discusses the role of The Options Clearing Corporation, is also available, without charge, upon request at OPTIONS orAny strategies discussed, including examples using actual securities price data, are strictly for illustrative and educational purposes and are not to be construed as an endorsement, recommendation or solicitation to buy or sell securities.
4About ISE FX Options www.ise.com/fx Accessible through your options brokerExchange-listed securitiesCash-settled in U.S. dollarsEuropean style exerciseCan be traded as spreadsCurrencyConventionSymbolAustralian dollarUSD/AUDAUXBritish poundUSD/GBPBPXCanadian dollarUSD/CADCDDEuroUSD/EUREUISwiss francUSD/CHFSFCJapanese yenUSD/JPYYUKInvestors can view the underlying rates from several leading market data vendors and financial websites, including Big Charts, Bloomberg, ILX, Reuters, and Yahoo! Finance.
5Time Frame AnalysisIn order to succeed in any market arena, you must have a firm understanding of how the time frame upon which you are focusing your efforts plays a role in determining your success in any position.
6Toni’s Building Blocks Support/Resistance LevelsPace (aka Momentum)Trend Development
7Support & ResistanceSupport & Resistance levels are price zones in the market where a security is liable to react in some manner that affects the trend which is in play as the support or resistance level hits.
8Support & ResistanceSupport & Resistance levels must be thought of as zones and not exact price levels.
9Support & ResistanceTwo Main Types of Support & Resistance used in technical analysis:Prior highs or lowsPrior zones of congestion
16Pace / MomentumStronger than average moves will tend to correct more slowly, by either basing or pulling back gradually (B-C in pace chart). They can also correct by rounding off at highs or lows in order to shift the momentum.Currency Name, Convention (Base/Quote (Counter Currency), Symbol
18Pace / MomentumComparable moves back and forth will usually create trading ranges until the momentum within the range shifts once again (E-J in pace chart).Currency Name, Convention (Base/Quote (Counter Currency), Symbol
20The Nature of TrendsTrends are the primary direction of price movement at any given time. They are repetitive, but the placement of a pattern in the context of the larger trend is key to identifying target levels or to assess if the setup is even viable in the first place.
21Trend DevelopmentMost trend develop with two or three waves of buying or selling before a larger correction of that trend takes place.
34Trading Made Simple Series Toni’s CD bundle:5 Technical Signals You Cannot Trade Without (7 hours on 4 CDs, 238 page pdf)Trading Made Simple: No Indicators Necessary (3 hours on 2 CDs, 100 page pdf)Toni’s Guide to Successful Market Timing (76 pdf manual)Toni’s interactive video courses and manuscripts detailing her trading and investment strategiesAll three products: $279* (*plus shipping. $497 when sold separately.)
35About ISE FX Options www.ise.com/fx Accessible through your options brokerExchange-listed securitiesCash-settled in U.S. dollarsEuropean style exerciseCan be traded as spreadsCurrencyConventionSymbolAustralian dollarUSD/AUDAUXBritish poundUSD/GBPBPXCanadian dollarUSD/CADCDDEuroUSD/EUREUISwiss francUSD/CHFSFCJapanese yenUSD/JPYYUKInvestors can view the underlying rates from several leading market data vendors and financial websites, including Big Charts, Bloomberg, ILX, Reuters, and Yahoo! Finance.
36More FX Options Education Please visit our archives at:For upcoming webinars visit:Sign-up for Trade Alerts:Register for podcasts:FX Options Webinar SeriesDateTimeToni Hansen on "Spotting Opportunities in the FX Market"7/08/084:30 PMRob Booker on "What’s Next for the U.S. Dollar?"7/15/08The Market Guys on "Managing Risk in a Volatile Market using FX Options”7/22/08Steve Misic on "Entry & Exit Strategies Using FX Options"7/29/08Price Headley on "Trading the Trend using FX Options"8/05/087:30 PMJohn Person on "Staying on the Right Side of the FX Market"8/12/08FX Options Q&A Session: Ask the ISE8/19/08Toni Hansen on “Successful FX Strategies for Any Market Condition”9/03/08