Very good R/R bro
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DislikedThis caught my eye. Last week's Commitment Of Traders report showed a large decrease in EUR shorts. EUR short 95K vs 106K short last week. Shorts trimmed by 11 K Could the banks be betting that the EUR has bottomed out?Ignored
DislikedI know I should be waiting for weekly pivot around 1.1184-9 area to short, but my fingers are itchy. Short 1.1162 SL 1.12. TP: 1.1130. Extra notes: 1. The size of this trade is almost useless to me: 0.05lot. Just did it to satisfy my urge to short the daily pivot area. 2. Asia sold, so Mondays usually having a singular direction, I expect price to be sold
down to around my TP area. 3. There is a light options expiry at 1.1150 ( €720m) 10AM N.Y. cut. I expect price to crawl and somehow find is way to 1.1150 by 14GMT if the 1.1150 is some strike price...Ignored
Disliked{quote} #gann out -15 ... bullish medium term for 11240 now but high chance of no movement next week 11189 is the level ... of course can revisit lower for the round trip ... buy limit 11170 & 11160 stop 10Ignored
DislikedI know I should be waiting for weekly pivot around 1.1184-9 area to short, but my fingers are itchy. Short 1.1162 SL 1.12. TP: 1.1130. Extra notes: 1. The size of this trade is almost useless to me: 0.05lot. Just did it to satisfy my urge to short the daily pivot area. 2. Asia sold, so Mondays usually having a singular direction, I expect price to be sold down to around my TP area. 3. There is a light options expiry at 1.1150 ( €720m) 10AM N.Y. cut. I expect price to crawl and somehow find is way to 1.1150 by 14GMT if the 1.1150 is some strike price...Ignored
Disliked{quote} Hi Miti, I was reading up on options on investopedia based on your post but I am still rather confused as to why price would want to climb up to the expiry price? Wouldn't the option just expire on wednesday and those who were correct get profit and those who were wrong experience losses? If you could help to shed some light that would be really helpful!Ignored
DislikedBasically (and Miti will give you a better answer) big boys don’t lose money. {quote}Ignored
Disliked{quote} Hi Miti, I was reading up on options on investopedia based on your post but I am still rather confused as to why price would want to climb up to the expiry price? Wouldn't the option just expire on wednesday and those who were correct get profit and those who were wrong experience losses? If you could help to shed some light that would be really helpful!Ignored
Disliked{quote} Myst, yeah that subject can be as confusing as sh!t. I'll send you a PM with the little explanation I know. You know it won't be nice to stray the thread this early Monday and incure Ata's ire.Ignored