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  • #7,461
  • Jan 21, 2009 12:42pm Jan 21, 2009 12:42pm
Quoting LadyPenelope
It looks to me from the calendar that these were the option that expired today.

I found explanation of VIX Option, per today's date on the 2009 Options Expiration Calendar (refer below in this thread). However, I can't find anything on VXN or RVX Options. Could anyone enlighten me?

Also, how does one know (or how can one find out) which currency pair/s the various option expiry dates will impact?

Many thanks ...
Although I could be wrong, I don't believe there's any way to know which currency pair(s) will be affected by options expiry dates without actually hearing about large option orders from the floor. FX options data is not published or widely available as far as I know since it's OTC, so the best you can hope for is to read the news/rumours from news services and/or squawkbox services.
  • #7,462
  • Jan 21, 2009 1:52pm Jan 21, 2009 1:52pm
Damnit!

Im clueless about the option expiration thing. I had just a faint idea but if it affects forex this much I really have to read abt it.
  • #7,463
  • Jan 21, 2009 2:28pm Jan 21, 2009 2:28pm
Quoting misterboy
Damnit!

Im clueless about the option expiration thing. I had just a faint idea but if it affects forex this much I really have to read abt it.
The thing is that it doesn't affect forex a lot. The USDJPY options today were extremely large, large enough to warrant a bit of coverage on morning CNBC airtime which generally focuses mainly on equities and fixed income.

FX options expire every day, and are not as standardized as equities and futures options. I wouldn't worry about them too much.
  • #7,464
  • Jan 21, 2009 2:47pm Jan 21, 2009 2:47pm
Quoting smittens4212
The thing is that it doesn't affect forex a lot. The USDJPY options today were extremely large, large enough to warrant a bit of coverage on morning CNBC airtime which generally focuses mainly on equities and fixed income.

FX options expire every day, and are not as standardized as equities and futures options. I wouldn't worry about them too much.
Oh alright! Thanks for that...I'm not going to bother then..
  • #7,465
  • Jan 21, 2009 5:19pm Jan 21, 2009 5:19pm
I wouldn't completely ignore them, certainly you should have a basic grasp of how they work and can affect the market (today was a very good example of that), but if you know the basics then you are probably all set.
  • #7,466
  • Jan 21, 2009 6:09pm Jan 21, 2009 6:09pm
Morning,

Usd/chf is pressing hard againts 11558 which is a big fib level and previous support.

Also lets see if Cable can climb above the 14056 area which will be no easy task (quite the bounce yesterday all accross the board)

Cheers
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  • #7,467
  • Jan 22, 2009 3:43am Jan 22, 2009 3:43am
Good morning!

Yesterday was fun, let's see what today gives us.
  • #7,468
  • Jan 22, 2009 4:28am Jan 22, 2009 4:28am
Quoting RedCabbage
Good morning!

Yesterday was fun, let's see what today gives us.
Yep, im in the short position from the 1,3079 level eur/usd so im happy .
kojak
  • #7,469
  • Jan 22, 2009 5:57am Jan 22, 2009 5:57am
This is day 3 since I've been trying to use BRV's method and I have made no trades. Am I too picky? What levels do you guys pick? Do you just use H1 or greater, or you look at the M15 chart too?

Thanks
  • #7,470
  • Edited 6:21am Jan 22, 2009 6:02am | Edited 6:21am
Quoting RedCabbage
Scalping opportunity on EURGBP?

9437 good resistance and Fib 61.8%. This pair bounced between 50% and 38.2% yesterday perfectly.
I hope this was kind to you, my +/-20 trailing stop meant I was stopped out with just 40 pips out of 100+ as it was so choppy yesterday.

At least the rally took off again right on cue where support met the 4h TL. And as I type it breaks through 9437.
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  • #7,471
  • Jan 22, 2009 6:07am Jan 22, 2009 6:07am
Quoting bumasoft
This is day 3 since I've been trying to use BRV's method and I have made no trades. Am I too picky? What levels do you guys pick? Do you just use H1 or greater, or you look at the M15 chart too?

Thanks
3 days? Don't rush it, observe the reaction to the levels you pick.

I use weekly, daily, 4H, 1H for S/R and Fib test. 30m 15m and 5m to zoom in.
  • #7,472
  • Jan 22, 2009 6:18am Jan 22, 2009 6:18am
Quoting RedCabbage
3 days? Don't rush it, observe the reaction to the levels you pick.

I use weekly, daily, 4H, 1H for S/R and Fib test. 30m 15m and 5m to zoom in.
Ok, thanks for the reply.
  • #7,473
  • Edited 8:22am Jan 22, 2009 8:05am | Edited 8:22am
Just shorted EURUSD on retest of 1.2965 former support (became resistance). Took 20 pips partial profit, moved SL to breakeven and I'm letting it ride. God bless BRV and all you guys!

Update: took 45 pip partial profit and letting a small part run
  • #7,474
  • Jan 22, 2009 8:11am Jan 22, 2009 8:11am
Hey Bumasoft,

That was a nice little trade. Well done. I was looking at other things and I didn't even spot it. http://www.forexfactory.com/images/icons/icon9.gif

SR
  • #7,475
  • Jan 22, 2009 8:12am Jan 22, 2009 8:12am
Quoting bumasoft
Just shorted EURUSD on retest of 1.2965 former support (became resistance). Took 20 pips partial profit, moved SL to breakeven and I'm letting it ride. God bless BRV and all you guys!
Well done for jumping in. The best position was kojak's earlier at 13081, but you are using the same principle which is great.

What is your target and R/R?
  • #7,476
  • Jan 22, 2009 8:24am Jan 22, 2009 8:24am
Quoting seattlerust
Hey Bumasoft,

That was a nice little trade. Well done. I was looking at other things and I didn't even spot it. http://www.forexfactory.com/images/icons/icon9.gif

SR
Thanks, seattlerust. Don't worry. I lost a lot of trades this week. This is the first trade I took since last week. Other opportunities will always come.
  • #7,477
  • Jan 22, 2009 8:28am Jan 22, 2009 8:28am
Quoting RedCabbage
Well done for jumping in. The best position was kojak's earlier at 13081, but you are using the same principle which is great.

What is your target and R/R?
Yeah, unfortunately, I missed 1.3081 . Well, I had a 25 pip stop initially, and I usually try to have a R/R of at least 1:2, that's why I took partial at 45 pips. Now I have SL at breakeven and I'll see if it goes down more, though it hit a support at 1.2900-1.2908 and made a nice bounce. I'm hoping for a break of that level and maybe a target at 1.2863 (100 pips). How's that?
  • #7,478
  • Jan 22, 2009 8:33am Jan 22, 2009 8:33am
Seattlerust, would you mind showing an example of a trade base on this? I notice your signature is Gartley, how long have you trade with this pattern? And do you see it every day or once every while? Is this pattern your bread and butter?

BTW, love Seattle and the Seahawks. I think they can do lots of damages now that you have a young coaches!!!! Should be more fun.



Quoting seattlerust
Gartley's ROCK! http://www.forexfactory.com/images/icons/dollar.gif

Check out this link http://www.traderslog.com/gartley-222.htm or just Google the word "Gartley".

SR
  • #7,479
  • Jan 22, 2009 8:35am Jan 22, 2009 8:35am
Quoting bumasoft
Yeah, unfortunately, I missed 1.3081 . Well, I had a 25 pip stop initially, and I usually try to have a R/R of at least 1:2, that's why I took partial at 45 pips. Now I have SL at breakeven and I'll see if it goes down more, though it hit a support at 1.2900-1.2908 and made a nice bounce. I'm hoping for a break of that level and maybe a target at 1.2863 (100 pips). How's that?
Good. It could find suuport 12890-12880, there's a weekly support line and a fib 78.6 there.
  • #7,480
  • Jan 22, 2009 8:54am Jan 22, 2009 8:54am
Quoting RedCabbage
Good. It could find suuport 12890-12880, there's a weekly support line and a fib 78.6 there.
Got stopped out at +2. But that was a nice trade anyway. 78.6? I use 76.4... I wasn't aware that 78.6 is a fib level

Update: Ah, you prolly made a typo. I have 76.4 at 1.2896 so that's prolly what you meant
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