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vsa with Malcolm

  • #11,081
  • Feb 1, 2011 5:25am Feb 1, 2011 5:25am
Quoting Intel
These are options or binary options where we simply 'bet' that on a certain time on a specific day in the future, price will be above OR below a specific price. EG at 15:00 GMT on Feb 19 2011 I bet £1 that the EUR/USD price will be ABOVE 1.8000.
And nobody knows how much of that total amount (example 500M) is above OR below a specific price?
  • #11,082
  • Feb 1, 2011 5:26am Feb 1, 2011 5:26am
Quoting Intel
In a nutshell....
Thank Intel, very clear. Then one more thing is, could you tell me how to read the option maturity chart, that Dr. G provided
Thx very much
  • #11,083
  • Feb 1, 2011 5:26am Feb 1, 2011 5:26am
Quoting Intel
In a nutshell....
Thanks for the explanationa,and is there a way to know whats the majority betting on,higher or lower prices,or do we just wait to see which way it goes
  • #11,084
  • Feb 1, 2011 5:28am Feb 1, 2011 5:28am
Quoting mrWolf
Can u tell me what does it mean options expiry and how does it affect the market
I think the easiest explanation and what you only should know is that it can turn the trend.
  • #11,085
  • Feb 1, 2011 5:34am Feb 1, 2011 5:34am
1 more to foxybunny.
If you take trade based on ND when you have seen weakness in background, like it was in this case, you can put your SL above that ND, not 50 pips away.
  • #11,086
  • Feb 1, 2011 5:42am Feb 1, 2011 5:42am
Quoting juhanimi
I meant, Break up or down and then testing succesfully that break.
Understood.
  • #11,087
  • Feb 1, 2011 5:44am Feb 1, 2011 5:44am
Quoting Intel
Dont forget options expiry at 3800
That resistance is too strong for options expiry
  • #11,088
  • Feb 1, 2011 5:54am Feb 1, 2011 5:54am
Ptential test forming on gu 1 hr?
  • #11,089
  • Feb 1, 2011 6:07am Feb 1, 2011 6:07am
EURUSD is back above last weeks high... let's see if it holds or fails. The last 15min closed bar looks like a low volume test... not sure if spread is too wide to call it a NS... Next couple of bars are key leading in NY. Looks like LO gave us a fake out this AM...
Today's zone = Tomorrow's opportunity!
  • #11,090
  • Feb 1, 2011 6:10am Feb 1, 2011 6:10am
Have been a sh!t day so far...
  • #11,091
  • Feb 1, 2011 8:33am Feb 1, 2011 8:33am
Quoting frankkn
Short on the break of a ND following weakness at supply

Edit:

I want to note that the volume in the chart is /6e volume. I usually use IBFX, who's volume isn't less than the previous two, so I'm going out of my comfort zone a little on this one.
Stopped for a loss
  • #11,092
  • Feb 1, 2011 8:55am Feb 1, 2011 8:55am
ISM in 6 mins and rumored to print at least 60. This data will bring some volatility, watch your shorts.
  • #11,093
  • Feb 1, 2011 9:09am Feb 1, 2011 9:09am
Quoting Sonofsin5
ISM in 6 mins and rumored to print at least 60. This data will bring some volatility, watch your shorts.
Print at 60.8. An update for my eurchf trade I posted yesterday, target almost reached with continual signs of strenght.
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  • #11,094
  • Feb 1, 2011 9:16am Feb 1, 2011 9:16am
That last 15min bar on the EURUSD post news looks like it may be a shake out... see what happens on the next few 5 min bars...
Today's zone = Tomorrow's opportunity!
  • #11,095
  • Feb 1, 2011 9:18am Feb 1, 2011 9:18am
Quoting pres78
That last 15min bar on the EURUSD post news looks like it may be a shake out... see what happens on the next few 5 min bars...
stopping volume confirmed with an upbar. Hopefully it will come back down for a test so i can get in long
Change is the only constant
  • #11,096
  • Feb 1, 2011 9:24am Feb 1, 2011 9:24am
Quoting pres78
That last 15min bar on the EURUSD post news looks like it may be a shake out... see what happens on the next few 5 min bars...
Agreed, heavy buying looks like it came in on that bar, and the opposite is true for the USDJPY.
  • #11,097
  • Feb 1, 2011 9:30am Feb 1, 2011 9:30am
Quoting Sonofsin5
Agreed, heavy buying looks like it came in on that bar, and the opposite is true for the USDJPY.
Now we need to clear that stubborn 3760 area... would like to see a low vol test or a NS in this general area (3745-3760).
Today's zone = Tomorrow's opportunity!
  • #11,098
  • Feb 1, 2011 9:33am Feb 1, 2011 9:33am
Haven't found nothing better to do and been scalping almost all day. Haven't done this for awhile. Till now pulled out +70.
  • #11,099
  • Feb 1, 2011 9:53am Feb 1, 2011 9:53am
Seems like we've got a rally that'll push S&P over 1300. Regretfully, I've had to go long GU from the all important 1.6 and EU from the DPP last session at 1.366. Can't explain why they're going up, but I suppose that's a good thing, that I'm getting past my mental desire/assessment for them to go down. (Yes, the charts show the lows and trendline bounces being bought - what more could one ask for, right?)

Including a M5 chart, only because I feel those are the best to confirm buyers on downthrusts; the M15's are very inconclusive IMO; check those last huge (white) volume spikes on both charts - sellers got absorbed and up we go, right on the good US 10am ISM news.
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  • #11,100
  • Feb 1, 2011 9:54am Feb 1, 2011 9:54am
The trend is up but there's some serious selling that just came in. This is Euro futures.
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