Cable Update (GBPUSD) | Page 16328 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #326,541
  • Oct 10, 2012 6:35am Oct 10, 2012 6:35am
Got a question...I notice on some FX news websites they will give options expiries.
Wondering how those option expiries affect price in the spot market on that particular day they are due to expire?

example below:

Option Expiries

For the 1000 NY/1400 GMT cut:
EUR/USD: 1.2800, 1.2880, 1.2900, 1.2940, 1.3000, 1.3150 (L)
USD/JPY: 78.25, 78.55, 78.60, 79.00 (L)
EUR/JPY: 99.95, 100.00
GBP/USD: 1.5900, 1.5930, 1.6000, 1.6050
AUD/USD: 1.0115, 1.0150, 1.0200, 1.0250
USD/CHF: 0.9350, 0.9360, 0.9375


these expiries are for later today...
  • #326,542
  • Oct 10, 2012 6:39am Oct 10, 2012 6:39am
Quoting FXcHiPPy
Got a question...I notice on some FX news websites they will give options expiries.
Wondering how those option expiries affect price in the spot market on that particular day they are due to expire?

example below:

Option Expiries

For the 1000 NY/1400 GMT cut:
EUR/USD: 1.2800, 1.2880, 1.2900, 1.2940, 1.3000, 1.3150 (L)
USD/JPY: 78.25, 78.55, 78.60, 79.00 (L)
EUR/JPY: 99.95, 100.00
GBP/USD: 1.5900, 1.5930, 1.6000, 1.6050
AUD/USD: 1.0115, 1.0150, 1.0200, 1.0250
USD/CHF: 0.9350, 0.9360, 0.9375


these expiries are for later...

price tends to stick to those numbers in theory...but you never know which option is big and which is small

a big one will attract more as half will want the option to be touched some to defend it..so the fight will be close to the level

on the small ones....well....

I don't really care about that

you take note of the orders more than options
  • #326,543
  • Oct 10, 2012 6:40am Oct 10, 2012 6:40am
Quoting FXcHiPPy
Got a question...I notice on some FX news websites they will give options expiries.
Wondering how those option expiries affect price in the spot market on that particular day they are due to expire?

example below:

Option Expiries

For the 1000 NY/1400 GMT cut:
EUR/USD: 1.2800, 1.2880, 1.2900, 1.2940, 1.3000, 1.3150 (L)
USD/JPY: 78.25, 78.55, 78.60, 79.00 (L)
EUR/JPY: 99.95, 100.00
GBP/USD: 1.5900, 1.5930, 1.6000, 1.6050
AUD/USD: 1.0115, 1.0150, 1.0200, 1.0250
USD/CHF: 0.9350, 0.9360, 0.9375


these expiries are for later...
oh nice, basics the price will go up and down in a tight range around 1.6 until option expires.

edit: agree with red above- ofc completely dependent on how many ppl are long the option ^
  • #326,544
  • Oct 10, 2012 6:42am Oct 10, 2012 6:42am
Quoting Resent
i see 1.61 as tp area , will sell off maybe 1/4 @ 40 though
1.6100 was yesterday from 6040 as well

I see Africa across the sea...when I have clear sky

jokes apart if you are long protect your wins from 6040 up
  • #326,545
  • Oct 10, 2012 6:45am Oct 10, 2012 6:45am
Quoting redbeben
price tends to stick to those numbers in theory...but you never know which option is big and which is small

a big one will attract more as half will want the option to be touched some to defend it..so the fight will be close to the level

on the small ones....well....

I don't really care about that

you take note of the orders more than options
when you say 'take note of the orders' do you mean the option orders or something else?

Also as an example of what your saying, if theres big option expiries at 6050 will price want to reach that area ?
  • #326,546
  • Oct 10, 2012 6:47am Oct 10, 2012 6:47am
its gonna skyrockettttt...!!
  • #326,547
  • Oct 10, 2012 6:54am Oct 10, 2012 6:54am
Quoting FXcHiPPy
when you say 'take note of the orders' do you mean the option orders or something else?

Also as an example of what your saying, if theres big option expiries at 6050 will price want to reach that area ?
mate,options and techs have nothing to do

have a look here for more details

http://en.wikipedia.org/wiki/Option_(finance)

basically it is not a must to reach that price nor for the orders


the orders are on that website you look at as ''order book for today''

those are levels where buyers and sellers are reported(the website gets the info from COAT or other means)

this gives you a rough idea if it is a good thing to buy or sell when you want to buy or sell

you can open that website in the morning,write down the levels where buyers are,levels where sellers are or just draw lines on your charts in red and as soon as your price is close to those levels just check with your techs....if they match then go for it

but even if they are there it does not mean the price will go there

ex ''
GBP/USD: Bids 1.5975/85 and 1.5850/60 (Asian sovereigns). Sell stops below ahead of tech support 1.5910/15 (1.5914 – 55 day MA). Sell stops again through 1.5900. Offers 1.6000/10 and 1.6040/50''

as you can see sellers are reported to be in the 6040-50 area

it does not mean price will go that high...it is like you would put a pending sell there...just in case price goes that high

price might not even make it to 6020 ...they are just ''orders'' as for pending

but if price does go there instead of looking to buy or holding your long position you might want to lock your profit or start thinking short...as you know sellers are there

I help you can use this info if not ask again and I'll try to explain more
  • #326,548
  • Oct 10, 2012 6:58am Oct 10, 2012 6:58am
Quoting Resent
its gonna skyrockettttt...!!
And your definition of "skyrocket" would be?
Ghost Rider - WWTBMD?
  • #326,549
  • Oct 10, 2012 7:04am Oct 10, 2012 7:04am
Hey Red

Thanks M8 I realized after posting I'd made a mistake...its just understanding how options affect the spot market that I confused options with what you were talking about and that is 'order book for today'
  • #326,550
  • Oct 10, 2012 7:04am Oct 10, 2012 7:04am
Quoting albchr
And your definition of "skyrocket" would be?
actually i go back on my previous quote....dont think 40 will be a problem if we get there, rather see 72 as a better tp level before continuing on its merry way to 1.6125 ...
  • #326,551
  • Oct 10, 2012 7:11am Oct 10, 2012 7:11am
Quoting Resent
actually i go back on my previous quote....dont think 40 will be a problem if we get there, rather see 72 as a better tp level before continuing on its merry way to 1.6125 ...
Ummm...ok, so I guess 6125 would be skyrocket then? That would be a nice push indeed. Even better than the 6100 I'm looking for.
Ghost Rider - WWTBMD?
  • #326,552
  • Oct 10, 2012 7:14am Oct 10, 2012 7:14am
for the ones that ask what's with all the lines on my charts here you go

don't know how to use it .....maybe some bright minds out there use it and can explain..I'm useless
Attached File(s)
File Type: ex4 Gartley (1).ex4   159 KB | 163 downloads
  • #326,553
  • Oct 10, 2012 7:16am Oct 10, 2012 7:16am
Quoting redbeben
for the ones that ask what's with all the lines on my charts here you go

don't know how to use it .....maybe some bright minds out there use it and can explain..I'm useless
What charts? Are they on another thread?
Ghost Rider - WWTBMD?
  • #326,554
  • Oct 10, 2012 7:26am Oct 10, 2012 7:26am
Quoting albchr
What charts? Are they on another thread?
the ones I post from time to time

I posted some yesterday and this morning


attention now for the longers 6032 for a 20 pips drop

a 5 pip SL would do
  • #326,555
  • Oct 10, 2012 7:31am Oct 10, 2012 7:31am
Quoting albchr
What charts? Are they on another thread?
here you go another one
Attached Image (click to enlarge)
Click to Enlarge Name: buy gu10.gif Size: 66 KB
  • #326,556
  • Oct 10, 2012 7:34am Oct 10, 2012 7:34am
Quoting redbeben
the ones I post from time to time

I posted some yesterday and this morning


attention now for the longers 6032 for a 20 pips drop

a 5 pip SL would do
Oh..must have missed them...lol
Ghost Rider - WWTBMD?
  • #326,557
  • Oct 10, 2012 7:36am Oct 10, 2012 7:36am
Quoting redbeben
here you go another one
Wow! Looks like a structural line drawing for a stealth wing. Cool!
Ghost Rider - WWTBMD?
  • #326,558
  • Oct 10, 2012 7:37am Oct 10, 2012 7:37am
Quoting redbeben
pull back done...3 pips shy from TP

on EU still time to go to 2910-25

have a good night and may the ninja's be kind

but to be honest...I've got no clue when it would be best to short...yet

can anyone share view on this ?
  • #326,559
  • Oct 10, 2012 7:43am Oct 10, 2012 7:43am
Quoting redbeben
but to be honest...I've got no clue when it would be best to short...yet

can anyone share view on this ?

6083
  • #326,560
  • Oct 10, 2012 7:44am Oct 10, 2012 7:44am
Quoting redbeben
the ones I post from time to time

I posted some yesterday and this morning


attention now for the longers 6032 for a 20 pips drop

a 5 pip SL would do


if I missed the entry this will go 1.5992-95 with a stop @ 1.6010 and 6002

but a plan is a plan 6030 or no sell
364 traders viewing now