20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ACTION ITEMS:
Bullish:
Traders who believe that the combination of low interest rates and a 50 billion pound injection into the Brtish economy will have the desired effect might want to consider the following trades:
Traders who believe that the efforts of the Bank of England won't be enough to offset the many problems facing the European Union may consider alternative positions:
Bullish:
Traders who believe that the combination of low interest rates and a 50 billion pound injection into the Brtish economy will have the desired effect might want to consider the following trades:
- Shares of the iShares MSCI United Kingdom Index (NYSE: EWU) ETF should climb higher if the Bank of England's actions work.
- Stocks like British American Tobacco (NYSE: BTI) and Pearson PLC (NYSE: PSO) could also move higher and have more upside than an ETF but come with more risk
Traders who believe that the efforts of the Bank of England won't be enough to offset the many problems facing the European Union may consider alternative positions:
- Traders could short British stocks if they think that the Bank's efforts will fail.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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