27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
GBP/USD hit 1.6220 during U.S. morning trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.6246, shedding 0.71%.
Cable was likely to find support at 1.6059, the low of March 18 and resistance at 1.6400, Tuesday's high and a 14-month high.
During his budget speech, U.K. Chancellor of the Exchequer George Osborne said the Office for Budget Responsibility now expected economic growth of 1.7% in 2011, down from November's 2.1% forecast.
Mr. Osborne also said the government will borrow GBP122 billion in 2011-12, up from a prior forecast of GBP117 billion.
The pound was also down against the euro, with EUR/GBP rising 0.17% to hit 0.8690.
Also Wednesday, the minutes of the Bank of England's most recent policy setting meeting showed the bank saw “merit in waiting” to examine the effect of higher oil prices, dampening speculation over an interest rate hike by the bank in the coming months.
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27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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