A simple cable trade
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Disliked{quote} Wonder if you could explain how you interpret this. The way I see it is there's increased interest in a drop below 1.3720 if more traders are buying Puts at a strike of 1.3720 ? Never used option interest to inform FX trades as i'm not sure if people are using it primarily for hedging/risk mitigation or speculation.Ignored
Disliked{quote} Exactly Options are used for 2 situations: - speculative - cover Future position What i'm watching is that there is a very high activity on PUT Options in this period. Ratio C/P is in favour of PUT so MOOD seem to be BEARISH. The stikes helps to find key level where SMART MONEY are positioned with FUTURE & try to defend their positions. For this reason price reaction on this level is so strong...there is a big fightIgnored
DislikedBearish mood seems to be confirmed also for GBUK1 contract (expiration 07/05/21) where ratio PUT/CALL is over 2...... VERY BEARISH MOOD AT MOMENT {image}Ignored
Disliked{quote} stop is at +4 pips. i assume too many waves between 1.3731 and 1.3815. so no greedy at centerIgnored
Disliked{quote} Exactly Options are used for 2 situations: - speculative - cover Future position What i'm watching is that there is a very high activity on PUT Options in this period. Ratio C/P is in favour of PUT so MOOD seem to be BEARISH. The stikes helps to find key level where SMART MONEY are positioned with FUTURE & try to defend their positions. For this reason price reaction on this level is so strong...there is a big fightIgnored
DislikedBearish mood seems to be confirmed also for GBUK1 contract (expiration 07/05/21) where ratio PUT/CALL is over 2...... VERY BEARISH MOOD AT MOMENT {image}Ignored
Disliked{quote} Paint drys quicker than today’s rallyalthough I do think if we go over 138 it might for a bigger than 131 area
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Disliked{quote} Today might end up as an inside bar on the daily timeframe as there's NFP tomorrow.Ignored