Drawing a blank again with the Straddle vs IC setup spreadsheet

#1

Did I do this right?

I have NOT entered into any trades… the prices were just there to get an idea

Thanks

#2

Turns out I would have been in a bad trade anyways. With that huge drop that the pound took… I still would have had a loss for the trade (according to demo) :disappointed_relieved:

Back to directional trading on Monday I go!

#3

The spreadsheet looks fine to me. But, i am new with it,too.

#4

You have everything entered correctly. Ideally when you enter these trades price is as close to the center as possible.

#5

Thanks again for the help.

I am thinking that the fact that the bid/ask price spread was a miserable 60 pips per each spread didnt help at all either.

#6

So, click on the copy icon for the buy. Place it in the buy box for the straddle… When you also do that for the sell, the IC will fill in.

#7

I will just keep practicing with demo money… NFP days are good ones to work with :smirk:

#8

Where do you see bid/offer spreads of 60 pips. Bid offer spread is not the difference between 2 contracts. Its the difference between the bid and offer on the same contract.

#9

Sorry, that is what I meant.

If I filled this out correctly, I would be risking $212 for a possible $36 (for a straddle)… I think the one at open on Thursday had an even lower profit potential. So I was worried that I had enter the info wrong, and I was just thinking that there is hardly any profit in these trades because I am already down $60 for each spread.

Needless to say, this would not be an ideal straddle trade