Attachments: EURUSD only

EURUSD only

#79,401
Feb 21, 2019 2:38pm Feb 21, 2019 2:38pm

Oc6oph
Joined Nov 2018 | Status: Trader | 4,643 Posts

Quoting skillz16

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{quote} What instrument are these option bets on? Is it FXE? Some other thing? Just curious, wanted to take a look myself also. I've dabbled with FXE and options on that, but you are then restricted to only opening/closing in US hours, and that can be heck... I was trying to run through an IRA to get tax advantages a bit.

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EUR/USD options
https://www.forexlive.com/Orders

ex nihilo

#79,402
Feb 21, 2019 3:55pm Feb 21, 2019 3:55pm

AbbasRizvi
| Joined Nov 2018 | Status: Trader | 553 Posts

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#79,403
Feb 21, 2019 3:59pm Feb 21, 2019 3:59pm

crackmyback
| Joined Mar 2011 | Status: Trader | 60 Posts

Quoting Oc6oph

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{quote} I still think it’s going there. There’s several H4 fractal breaks on a corresponding pair. Also there was massive option bets today. I bet we see it tomorrow. Still holding my longs with stops in same location

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Just because there’s options expiring today at 1.14xx, does it mean that the chart’s going there? Don’t you think the market’s all juiced out to jump that much for today’s session?

I’d say that this week’s events bear a scary resemblance to one of Wycoff’s models...(attached)

Also, I’ve noticed that almost every time we see a range on H4 that lasts 2-3 days, the price ends up going back where it came from, or at least part of the way before continuing the previous trend. In this case it’s been wayyy too long in the range that we’re currently in.

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#79,404
Feb 21, 2019 4:08pm Feb 21, 2019 4:08pm

Oc6oph
Joined Nov 2018 | Status: Trader | 4,643 Posts

Quoting crackmyback

Disliked

{quote} Just because there’s options expiring today at 1.14xx, does it mean that the chart’s going there? Don’t you think the market’s all juiced out to jump that much for today’s session? I’d say that this week’s events bear a scary resemblance to one of Wycoff’s models...(attached) Also, I’ve noticed that almost every time we see a range on H4 that lasts 2-3 days, the price ends up going
back where it came from, or at least part of the way before continuing the previous trend. In this case it’s been wayyy too long in the range that we’re currently...

Ignored

Lol that was this morning the options expired. I thought there would be a good chance with that much money on the line. The reason for the range is probably due to all the events happening tomorrow.

ex nihilo

#79,405
Feb 21, 2019 4:19pm Feb 21, 2019 4:19pm

crackmyback
| Joined Mar 2011 | Status: Trader | 60 Posts

Quoting Oc6oph

Disliked

{quote} Lol that was this morning the options expired. I thought there would be a good chance with that much money on the line. The reason for the range is probably due to all the events happening tomorrow.

Ignored

my bad

#79,406
Feb 21, 2019 4:29pm Feb 21, 2019 4:29pm

MojiFx
| Joined Jan 2019 | Status: Trader | 23 Posts

At the moment, the pair is gaining 0.11% at 1.1348 facing the next up barrier at 1.1371 (high Feb.20) seconded by 1.1382 (55-day SMA) and then 1.1394 (100-day SMA). On the other hand, a break below 1.1308 (10-day SMA) would aim for 1.1234 (2019 low Feb.15) and finally 1.1215 (2018 low Nov.12).

#79,407
Feb 21, 2019 5:05pm Feb 21, 2019 5:05pm

Techanalyst
| Membership Revoked | Joined Jul 2020 | 7,294 Posts

Quoting crackmyback

Disliked

{quote} Just because there’s options expiring today at 1.14xx, does it mean that the chart’s going there? Don’t you think the market’s all juiced out to jump that much for today’s session? I’d say that this week’s events bear a scary resemblance to one of Wycoff’s models...(attached) Also, I’ve noticed that almost every time we see a range on H4 that lasts 2-3 days, the price ends up going back where it came from, or at least part of the way before continuing the previous trend. In this case it’s been wayyy too long in the range that we’re currently...

Ignored

True, those options don't mean anything at all for forex trading.

#79,408
Feb 21, 2019 5:10pm Feb 21, 2019 5:10pm

Techanalyst
| Membership Revoked | Joined Jul 2020 | 7,294 Posts

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#79,409
Feb 21, 2019 7:29pm Feb 21, 2019 7:29pm

Pipfu
Joined Nov 2017 | Status: Trader | 810 Posts

Been watching this reverse wedge thing developing. I've noticed these are usually a reversal, but further research reveals it can be a continuation as well. Interesting pattern that pops up every once in a while.

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