in wondering about yourself, you forgot what you came here to be part of
- #81,462
- Edited 7:08am Mar 15, 2019 6:29am | Edited 7:08am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #81,463
- Mar 15, 2019 6:57am Mar 15, 2019 6:57am
- Joined Jun 2018 | Status: An ordinary brother | 4,598 Posts
- #81,464
- Edited 7:38am Mar 15, 2019 6:57am | Edited 7:38am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote} First read this article: https://www.fxstreet.com/education/o...a-201805101203 ...and then don't worry once you agree with this part: "To sum up, it is quite useful information but it is not really something to make a trading strategy out of." Stay Green
For me, options data is not a must know but sort of good to know or maybe just be aware for extra confluence or confirmation bias (to some ─not a good idea actually).
There are other types of data or information (e.g. COT data, Financial conditions index, valuation charts/reports...etc.) that I believe is useful to incorporate as part of a strategy rather than speculate or theorize before one has data (a capital mistake according to Sherlock Holmes) ; )─ on price direction. Though there is never one report or tool that can give you certainty about where prices are headed in the future. Individually, some of the data may offer a proxy for volume but represent only a small fraction (just like Options data /or Futures data) of the currency market.
But wow! Check out the Options expiries for EURUSD. Should I change my bias from bullish to bearish? ; )──
Then on USD centric in terms of Financial Conditions... (as of 8th March, and updated 13th March)
- When liquidity is tightening, take bearish trades. When liquidity is loosening, take bullish trades (USD centric).
- Risk is a coincident indicator, credit is a lagging indicator, and leverage is a leading indicator of financial stress.
On the other hand.. USD pricing-in since December ??? (in terms of bond yields ─ top leading indicator since the onset of USD strength )
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #81,465
- Mar 15, 2019 7:20am Mar 15, 2019 7:20am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #81,466
- Mar 15, 2019 7:40am Mar 15, 2019 7:40am
- Joined Jun 2018 | Status: An ordinary brother | 4,598 Posts
{quote} ...bearish divs or bullish divs? I saw one.. but bullish divs. {image}
- #81,467
- Mar 15, 2019 7:45am Mar 15, 2019 7:45am
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Focus only on what truly matters!
- #81,468
- Mar 15, 2019 7:49am Mar 15, 2019 7:49am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote} IMO: On my TA point of view... I must remain in bullish bias (D1 TF) as I am not buying the waiting game of shorting highs as of post time. Even it looks a bit bearish on weekly for others.. who knows! ; )─ Risk OFF ─ SL+ at 1.13080 Average entry price at 1.13007 TP: Open Have a nice weekend!!! {image}
Re-entered buy entry order at 1.13095 (with a bunch of limit orders - multiple smaller lots)
TP: open
SL: will move o BE or SL+ once it gained 10 pips or more... on contrary a mental stop at 1.12775
H4 TF
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #81,469
- Mar 15, 2019 7:59am Mar 15, 2019 7:59am
- Joined Jun 2018 | Status: An ordinary brother | 4,598 Posts
- #81,470
- Mar 15, 2019 8:02am Mar 15, 2019 8:02am
- Joined Jun 2018 | Status: An ordinary brother | 4,598 Posts
- #81,475
- Mar 15, 2019 9:20am Mar 15, 2019 9:20am
- Joined Jun 2018 | Status: An ordinary brother | 4,598 Posts
- #81,480
- Mar 15, 2019 10:51am Mar 15, 2019 10:51am
- Joined Sep 2017 | Status: Trader | 4,364 Posts
Trade to trade another day