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So the rising VIX this morning combined with risk negative forex trading signals give us a preference for binary put options this morning on SPY and or DIA. We’ll see where we go from here but the positive start this morning is a mystery given the unfavorable external (forex/VIX) indicators. If we see a change in attitude in the indicators we’ll pick up a cap for our hedge and double position with an opposing binary call.
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Also Don't Miss Out on the New Binary Options Trading Signals and Free Binary Options Trading CourseToday ended in very frustrating fashion for this trader. It’s been a long time since I’ve had a day where I made a call on market direction with the kind of conviction I did this morning and have it come up empty. VIX was clearly rising early and yen was strong across the board with Euro weak. Dollar was strong versus all but the Yen.
Where I may have misread was the very odd weakness of CHF and strength of CAD today. It was a more suspicious chart than I gave it credit for. I clearly didn’t get a good enough read today and paid a price. Binary options are very unforgiving like that.
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