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  • #784,481
  • Apr 8, 2013 6:27am Apr 8, 2013 6:27am
Okay... back to trading.

I've put on a Binary Trade to say that EU will be UP from 1.2994 by end of the week.
I'm kind of new to this style of trade (ie Options) but thought I'd put it out there to see if anyone has views?

Cheers!

Vlad
A pip is only worth it if you know how much you risked to earn it
  • #784,482
  • Apr 8, 2013 6:29am Apr 8, 2013 6:29am
Quoting vlady1974
Okay... back to trading. I've put on a Binary Trade to say that EU will be UP from 1.2994 by end of the week. I'm kind of new to this style of trade (ie Options) but thought I'd put it out there to see if anyone has views? Cheers! Vlad

HI do U know some platform where can trade binary on demo???
The market was bullish, turned bearish, and you'are brokish!!!
  • #784,483
  • Apr 8, 2013 6:30am Apr 8, 2013 6:30am
short eu 1.3030 sl 1.3050. tp later just fasten my seatbelt after 15 pips profit
Everything in the world has its own rhytms
  • #784,484
  • Apr 8, 2013 6:31am Apr 8, 2013 6:31am
Quoting vlady1974
LOL... nah... of course not. We won't hold it against ya! Shite, I'm an Aussie anyways!
an Aussie and a paddy Good Mix
I would love to come over ill let you know in the next few hours thanks
Trade What You See Not What You Want To See
  • #784,485
  • Apr 8, 2013 6:33am Apr 8, 2013 6:33am
if dont brake to up with momentum it will go back this area ...my thinking
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The market was bullish, turned bearish, and you'are brokish!!!
  • #784,486
  • Apr 8, 2013 6:34am Apr 8, 2013 6:34am
Quoting vlady1974
Okay... back to trading. I've put on a Binary Trade to say that EU will be UP from 1.2994 by end of the week. I'm kind of new to this style of trade (ie Options) but thought I'd put it out there to see if anyone has views? Cheers! Vlad

So this is a binary option right mate...? The pay-off will happen if and only if it is above 1.2994 end of the week. OK but since it is binary, what is the other end? There must be a lower and upper end. Can you share where you are trading it - I'd like to check how they priced it, like any option the underwriter will tend to fook you with the implied vola so that is a nasty bit. Currently for EUR atm implied vol is just a little above 11.00...
  • #784,487
  • Apr 8, 2013 6:34am Apr 8, 2013 6:34am
Quoting FXThug
HI do U know some platform where can trade binary on demo???
Unfortunately not. But it's too simple to need one. You can paper trade it quite easily:

Pick a price point as you would a normal FX trade.
Decide if it's going UP / DOWN.
Write down the TIME your prediction will EXPIRE:

  1. Ending Next Hour
  2. Ending Next 2 Hours
  3. Ending Next 3 Hours
  4. Ending at 17:10
  5. Ending the Next Day at 17:10
  6. Ending at the End of Week at 17:10
  7. Ending at the End of Month


If after the time expires, the current price is matches your prediction (ie. UP or DOWN from PRICE X) you get your money back + 80% of your stake.
Tally that up and if you feel you've got a good win/lose ratio then you can try with real money.

A pip is only worth it if you know how much you risked to earn it
  • #784,488
  • Apr 8, 2013 6:34am Apr 8, 2013 6:34am
Damn I wish I could go short for a retracement to ,291, or at least ,2957. But do I look like a bear?

Btw: Omfg FF security scan for attachments running 3 minutes.
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"I know one thing, that I know nothing." Sokrates
  • #784,489
  • Apr 8, 2013 6:37am Apr 8, 2013 6:37am
Quoting COopa
short eu 1.3030 sl 1.3050. tp later just fasten my seatbelt after 15 pips profit
I laugh in japanese. eu bulls are not yet done.I wonder y so many traders can quickly make trade calls they are not sure of.
  • #784,490
  • Apr 8, 2013 6:41am Apr 8, 2013 6:41am
Quoting vlady1974
Maybe this week's trades can pay for beers!
I hope they will pay for more than a few beers!!!
  • #784,491
  • Apr 8, 2013 6:43am Apr 8, 2013 6:43am
Quoting math_GB
So this is a binary option right mate...? The pay-off will happen if and only if it is above 1.2994 end of the week. OK but since it is binary, what is the other end? There must be a lower and upper end. Can you share where you are trading it - I'd like to check how they priced it, like any option the underwriter will tend to fook you with the implied vola so that is a nasty bit. Currently for EUR atm implied vol is just a little above 11.00...
Yep, yer right. Someone introduced me to OneTwoTrade. I can tell you more at Rodizio.

Basically, they (OTT) get their options wholesale from another intermediary so I guess that's how the options are priced. They hover between 75% to 85% of your stake. If you lose, you lose your stake.

There are other types of Binary Options similar to a straddle trade (this is where the option lets you specifiy a price band where you predict price will be at expiry).

So yes the payoff is stake + 77%, only if price is above 1.2994 at 17:10 Friday. Otherwise, I lose my bet.
I've placed an end of month bet for Apple to be above.

I find that it's still similar to a normal trade in that we are predicting direction - but it's the time element that I'm not used to. To be frank I'm a little "scared" because of the unfamiliarity in the feeling. This morning, for example, when it hit the bottom I could have put on a trade for price to be UP from 1.2970 expiring in 1 hour... but it was just fear. It's weird not putting in a stop loss.

Anyways... it's just another form of trading. Thought I'd share.
A pip is only worth it if you know how much you risked to earn it
  • #784,492
  • Apr 8, 2013 6:44am Apr 8, 2013 6:44am
Quoting De La Kritz
I laugh in japanese. eu bulls are not yet done.I wonder y so many traders can quickly make trade calls they are not sure of.
like before. i see short setup for eu on h1 chart. 1.3048 is a good resistant so i put 1.3050 as stoploss at the moment.
Everything in the world has its own rhytms
  • #784,493
  • Apr 8, 2013 6:45am Apr 8, 2013 6:45am
Good Potential for EU to move upside.. 1.32 levels is 1st target..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #784,494
  • Apr 8, 2013 6:47am Apr 8, 2013 6:47am
Quoting vlady1974
Yep, yer right. Someone introduced me to OneTwoTrade. I can tell you more at Rodizio. Basically, they (OTT) get their options wholesale from another intermediary so I guess that's how the options are priced. They hover between 75% to 85% of your stake. If you lose, you lose your stake. There are other types of Binary Options similar to a straddle trade (this is where the option lets you specifiy a price band where you predict price will be at expiry). So yes the payoff is stake + 77%, only if price is above 1.2994 at 17:10 Friday. Otherwise,...
STAY OUT OF IT...! I WILL PM YOU TODAY WHY...! WTH are you doing mate...??!!??
  • #784,495
  • Apr 8, 2013 6:49am Apr 8, 2013 6:49am
Quoting Ken A
What's target
2968.. 2898..
born to speculate
  • #784,496
  • Apr 8, 2013 6:49am Apr 8, 2013 6:49am
Quoting vlady1974
Unfortunately not. But it's too simple to need one. You can paper trade it quite easily: Pick a price point as you would a normal FX trade. Decide if it's going UP / DOWN. Write down the TIME your prediction will EXPIRE: Ending Next Hour Ending Next 2 Hours Ending Next 3 Hours Ending at 17:10 Ending the Next Day at 17:10 Ending at the End of Week at 17:10 Ending at the End of Month If after the time expires, the current price is matches your prediction (ie. UP or DOWN from PRICE X) you get your money back + 80% of your stake. Tally that up...
This is no binary, I don't know why they call it that way. This is a "digital option". It is either "1" or "0". Zero means no pay 1 means in this case 80%... Aaahhhh Vlady...! I am glad you shared it... I will PM you...
  • #784,497
  • Apr 8, 2013 6:50am Apr 8, 2013 6:50am
Quoting math_GB
STAY OUT OF IT...! I WILL PM YOU TODAY WHY...! WTH are you doing mate...??!!??
WHY WHY SCARY
  • #784,498
  • Apr 8, 2013 6:52am Apr 8, 2013 6:52am
Quoting aligater
2968.. 2898..
Where's the buy stop?
  • #784,499
  • Apr 8, 2013 6:52am Apr 8, 2013 6:52am
Quoting COopa
short eu 1.3030 sl 1.3050. tp later just fasten my seatbelt after 15 pips profit
anyway i do admit that when i put this short there is no downtrend formed. however i just buying a chance by giving up 20 pips for at least 40 pips potential profit.
Everything in the world has its own rhytms
  • #784,500
  • Apr 8, 2013 6:53am Apr 8, 2013 6:53am
Quoting kuroro001
Still don't understand why
hi Friend

look again...
cheers
aligater
born to speculate
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