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The System II (Yes with irony)

  • #261
  • Apr 18, 2008 7:54am Apr 18, 2008 7:54am
Glad you're making sense on the system sky!! it's not hard

no indicators...no crutches...just go with the flow



Hey guys...here's a hint form an old dog like me


mark in your calendars "options expiration day"

the day before is usually a flat day...all across the markets

usually on days like this, somebody ..somewhere is dumping options..... big time........usually they dump a lot of stuff including euro's....keep this day up in your calendars and for all of you in the EST zone......wake up at london time session (3:00 AM ) and catch the wave...
Peace
  • #262
  • Apr 18, 2008 7:58am Apr 18, 2008 7:58am
hi feb,you mean activities in options,futures could affect forex currency movement as well?sorry for dump question,am not familiar with futures and options.
  • #263
  • Apr 18, 2008 8:05am Apr 18, 2008 8:05am
Quoting amenlo9
hi feb,you mean activities in options,futures could affect forex currency movement as well?sorry for dump question,am not familiar with futures and options.

Not necessarily with some exceptions...this is one...a lot of big guns (Morgan Stanley, etc) dump plenty of stuff in order to cash it out to keep the ball rolling They hedge billions of dollars in currencies, especially currency options.

Still, swaps are the biggest business in forex

Correlations between markets is a deep subject. I use it a lot but is way complicated for me to put it on a thread. But I least I'll give you a hint form time to time as long as this thread is alive
Peace
  • #264
  • Apr 18, 2008 8:05am Apr 18, 2008 8:05am
Quoting feb2865
Glad you're making sense on the system sky!! it's not hard

no indicators...no crutches...just go with the flow



Hey guys...here's a hint form an old dog like me


mark in your calendars "options expiration day"

the day before is usually a flat day...all across the markets

usually on days like this, somebody ..somewhere is dumping options..... big time........usually they dump a lot of stuff including euro's....keep this day up in your calendars and for all of you in the EST zone......wake up at london time session (3:00 AM ) and catch the wave...
Is this an every month thing or longer?...
  • #265
  • Apr 18, 2008 8:08am Apr 18, 2008 8:08am
Quoting feb2865
Not necessarily with some exceptions...this is one...a lot of big guns (Morgan Stanley, etc) dump plenty of stuff in order to cash it out to keep the ball rolling They hedge billions of dollars in currencies, especially currency options.

Still, swaps are the biggest business in forex

Correlations between markets is a deep subject. I use it a lot but is way complicated for me to put it on a thread. But I least I'll give you a hint form time to time as long as this thread is alive
thanks you very much for your valuable knowledges,hope you can give more hints in the future.now i am starting to learn futures and options,hope can get some bread from there as well.
  • #266
  • Apr 18, 2008 8:08am Apr 18, 2008 8:08am
I am sorry...they don't necessary dump...they also buy..so it all depends....I know they're dumping euro's today

Contrary to popular belief, the dollar is not in a so bad shape as some "economist" think...it can work both ways, you know.
Peace
  • #267
  • Apr 18, 2008 8:14am Apr 18, 2008 8:14am
Great suggestion Feb !
From investopedia I can see that Options expiration date is defined as :

'The expiration date for all listed stock options in the U.S. is the third Friday of the expiration month (except when it falls on a holiday, in which case it is on Thursday)'

So we have to sign every third friday , is that right ?
  • #268
  • Apr 18, 2008 8:16am Apr 18, 2008 8:16am
Quoting Aad
Is this an every month thing or longer?...
stocks and futures is between 15-17 of every month...I have a lil reminder here for the day before, but you might find a calendar somewhere on Google
Peace
  • #269
  • Apr 18, 2008 8:17am Apr 18, 2008 8:17am
Quoting skyline
Great suggestion Feb !
From investopedia I can see that Options expiration date is defined as :

'The expiration date for all listed stock options in the U.S. is the third Friday of the expiration month (except when it falls on a holiday, in which case it is on Thursday)'

So we have to sign every third friday , is that right ?
yeah that's it.....I forgot ..I am so spoiled form this lil alarm I have...LOL
Peace
  • #270
  • Apr 18, 2008 8:22am Apr 18, 2008 8:22am
Quoting skyline
This is my actual setup (triggered just while I'm writing), let's see if it will go lower
closed this trade with +9 pips gain
  • #271
  • Apr 18, 2008 8:26am Apr 18, 2008 8:26am
Quoting skyline
closed this trade with +9 pips gain
there you go...see? it's not complicated
Peace
  • #272
  • Apr 18, 2008 8:45am Apr 18, 2008 8:45am
Quoting feb2865
there you go...see? it's not complicated
yes Feb it's unbealiveable simple and powerful ! The thing that I like mostly is that if you are wrong and order is not triggered then you don't lose anything, just delete the pending order and start again to search for a fresh setup. Of course there's no 100% wins since sometimes market could hit the order then go against but this is part of the game
  • #273
  • Apr 18, 2008 8:52am Apr 18, 2008 8:52am
Quoting skyline
yes Feb it's unbealiveable simple and powerful ! The thing that I like mostly is that if you are wrong and order is not triggered then you don't lose anything, just delete the pending order and start again to search for a fresh setup. Of course there's no 100% wins since sometimes market could hit the order then go against but this is part of the game

That's precisely what I like about it...no harm no foul
Peace
  • #274
  • Apr 18, 2008 8:54am Apr 18, 2008 8:54am
waiting for a long break now...
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  • #275
  • Apr 18, 2008 9:08am Apr 18, 2008 9:08am
still short here
Peace
  • #276
  • Apr 18, 2008 9:14am Apr 18, 2008 9:14am
Quoting feb2865
still short here
yes Feb the long didn't develop, so looking for short again
  • #277
  • Apr 18, 2008 9:18am Apr 18, 2008 9:18am
I think we're going to have a very slow day. I believe the dumping it's due already. I am going to close my position. 203 ticks.
Peace
  • #278
  • Apr 18, 2008 9:20am Apr 18, 2008 9:20am
the futures are slow as well......looking for a quick scalp in ES...let's see what happens
Peace
  • #279
  • Apr 18, 2008 9:22am Apr 18, 2008 9:22am
Quoting feb2865
I think we're going to have a very slow day. I believe the dumping it's due already. I am going to close my position. 203 ticks.
I might be wrong...maybe there's some juice for the down move...oh well... I am out
Peace
  • #280
  • Apr 18, 2008 9:23am Apr 18, 2008 9:23am
Quoting feb2865
I think we're going to have a very slow day. I believe the dumping it's due already. I am going to close my position. 203 ticks.
Good job Feb !
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