Options -- June 10, 2014

EUR/USD must open below 1.3595 to play
Put Level 1 = already scored
Put Level 2 = 1.35186
Put Level 3 = 1.35166
Stop Loss = 1.36317

AUD/USD all call levels have hit their targets
Put Levels are too far away to justify entry

GBP/USD must open below 1.6791 to play
Put Level 1 = 1.67259
Put Level 2 = 1.67107
Put Level 3 = 1.67055
Stop Loss = 1.68198
See if the Risk/Reward is acceptable to you

From Investopedia:

"To become a successful trader you need to have two important skills: the ability to pick the right markets and the ability to think on your feet if/when the market turns on you. While there are many techniques and strategies that are designed to help you develop the ability to make these investment decisions, conventional trading wisdom has always insisted that the proper way to protect yourself from losses is to use a stop. While stops are sound in theory, there are several inherent problems, but these can be overcome by using options to limit your losses instead."
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