Dislikedwhat you got tonight anyway (bad news out of Spain on Egan moved us here (as you already know),,,,,see any rally's at all?Ignored
Stocktwit: LuisCarlos - twitter: @lcparodi
EurAnalysis Kindergarten 24 replies
Dislikedwhat you got tonight anyway (bad news out of Spain on Egan moved us here (as you already know),,,,,see any rally's at all?Ignored
DislikedToday's option expiries at 14:00 GMT
1.2700
1.2675
1.2600
1.2475
1.2450
Reported barrier option at 1.2450Ignored
DislikedWhat effect do option expiries have on price action; is there any reaction expected at around 14:00 GMT?Ignored
DislikedTypically as the cut (expiry time) draws near, the strike price (option price) tends to have a magnetic effect on the spot price. Of course this does not take other factors into consideration such as general market sentiment based on political or economic factors. It is just another factor thrown into a basket of many.Ignored
DislikedMy View
Well it’s been an interesting week. All hell has broken loose in Europe and there is no solution in sight despite an EU summit on Wednesday. As a matter of fact, the summit caused more damage than it prevented. Furthermore, with every announcement from the talking heads themselves, the same people who are supposed to be building our confidence in Europe, the news gets worse and the confidence deteriorates further. What a bunch of incompetent morons, and I’m being nice here.
Now don’t get me wrong. I’m not complaining. I’m just...Ignored
DislikedPipTrapper,
The lines on your 15min charts labelled "DM3, DM4...etc" are those midpivot levels? If so, do you use the indicator that you posted with your template to draw those?
ThanksIgnored
DislikedGood morning PT! Not much action so far...
What are your thoughts as of right now and where we are currently at?Ignored
DislikedGood morning 100Pips
It seems to be status quo my friend. The trend is down. The trend is your friend. Sell on rallies.
The above is valid until some amazingly and miraculously positive news comes out of Europe.
Last night I warned that the market might be further primed for rumors if things get worse (such as a dismal Italian bond auction result) and one of the rumors I am expecting is an announcement that the ECB is buying Italian and Spanish bonds, which I expect will be denied shortly afterwards. Regardless the market will react to...Ignored
DislikedIgnored