Bearish engulfing in H1 .... Let the Game begin.
![](https://resources.faireconomy.media/images/emojis/64/1f643.png?v=15.1)
EurAnalysis Kindergarten 24 replies
DislikedNo need for the article. It is absolutely correct that the option issuer saves money if the barrier is toasted. However, as I mentioned earlier today in another post, it all depends who the buyers are. If a large hedge fund is the buyer of those options, they will defend it.
Also as someone else posted, which is an excellent point, considering that the option buyers defended the bottom at 1.2040 by buying Euros, they would love nothing more than to offload those Euros now to defend the 1.2500 barrier.
Remember this is a DNT (Double No Touch)...Ignored
DislikedHey buddy. I read it after I posted. You're absolutely correct and it makes sense. Don't stop posting because a few don't agree with what you posted. We all post what we know and that's that. Let the readers decide for themselves what they want to believe.. After all, it's not your money they are trading.
I post updates every day almost without fail. The majority of the time nobody takes any notice, but I still keep posting for those few who derive some value from it.Ignored
Disliked
Remember this is a DNT (Double No Touch) spanning 1.2000 - 1.2500Ignored
DislikedThat will be touched soon. Before tomorrow. 2520/30 is in for that move.
Barriers and options are a lovely thing from Mr.Coleman and he will defend this theory till the endIgnored
DislikedNo need for the article. It is absolutely correct that the option issuer saves money if the barrier is toasted. However, as I mentioned earlier today in another post, it all depends who the buyers are. If a large hedge fund is the buyer of those options, they will defend it.
Also as someone else posted, which is an excellent point, considering that the option buyers defended the bottom at 1.2040 by buying Euros, they would love nothing more than to offload those Euros now to defend the 1.2500 barrier.
Remember this is a DNT (Double No Touch)...Ignored
DislikedIn my experience major options barriers tend to be defended successfully far more than they are hit in these markets...
Playing the percentages its typically more profitable to play the part of the defender than the attacker.
Of course... Im wrong a lot so take it with a grain of saltIgnored
DislikedDon't get me wrong PT, I would love nothing more than to see this dog tank hard. I just don't want to get my scuba gear out in order to stay afloat here. Mearly breaking even would make my day at this point.
I am tempted here to take another short but momentum has not eased yet. We've not seen usual reversals or weakness today at expected times.
For those who are not trading in micro or mini lots, this move is hurting many traders (as we've seen here). My hammer is at the daily 100SMA or I will scale in as the price drops below 1.2450,...Ignored
DislikedIn my experience major options barriers tend to be defended successfully far more than they are hit in these markets...
Playing the percentages its typically more profitable to play the part of the defender than the attacker.
Of course... Im wrong a lot so take it with a grain of saltIgnored
DislikedHi Wulfgar,
yes these Levels are defended. But i don't think it's because of options. Those are just too small money and also big market makers won't be succesfull to drive price let's say 30 pips or other way round. Sometimes it may be self-fulfilling prophecy. And it's round number.
I might be wrong too.Ignored
DislikedTrading tip from Swissy, and something to think about: Looking at seasonal price activity, summer research study shows that the U.S Dollar tends to decline in August. This seems to be holding true so far this month. As traders we need to make sure this is taken into account as part of our short-midterm analysis.
Study also shows that 8 out of the past 11 years, the dollar fell against the Euro in September as well. A matter of fact, dollar weakness was the dominant trend against most majors in September. Just something to ponder...Ignored
DislikedTrading tip from Swissy, and something to think about: Looking at seasonal price activity, summer research study shows that the U.S Dollar tends to decline in August. This seems to be holding true so far this month. As traders we need to make sure this is taken into account as part of our short-midterm analysis.
Study also shows that 8 out of the past 11 years, the dollar fell against the Euro in September as well. A matter of fact, dollar weakness was the dominant trend against most majors in September. Just something to ponder...Ignored
DislikedHi Wulfgar,
yes these Levels are defended. But i don't think it's because of options. Those are just too small money and also big market makers won't be succesfull to drive price let's say 30 pips or other way round. Sometimes it may be self-fulfilling prophecy. And it's round number.
I might be wrong too.Ignored
DislikedDon't get me wrong PT, I would love nothing more than to see this dog tank hard. I just don't want to get my scuba gear out in order to stay afloat here. Mearly breaking even would make my day at this point.
I am tempted here to take another short but momentum has not eased yet. We've not seen usual reversals or weakness today at expected times.
For those who are not trading in micro or mini lots, this move is hurting many traders (as we've seen here). My hammer is at the daily 100SMA or I will scale in as the price drops below 1.2450, it's...Ignored