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Following the big money

  • #861
  • Oct 15, 2013 2:35am Oct 15, 2013 2:35am
Volatility trades. EUR/USD ladders strangle with strikes 1.35503/1.35703. Total cost 20 pts (or pips). Half closed at 30 pts.
GBP/USD ladders strangle with strikes 1.59623/1.59823. Total cost 20.5 pts (or pips). Half closed at 55 pts. Expiry 8:40 for both trades.
When the market is lazy I always close half of the position at a price that let's me cover the expenses. Now I ahev a free trade.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdm1.png Size: 27 KB
  • #862
  • Oct 15, 2013 2:42am Oct 15, 2013 2:42am
Quoting srmfx
Volatility trades. EUR/USD ladders strangle with strikes 1.35503/1.35703. Total cost 20 pts (or pips). Half closed at 30 pts. GBP/USD ladders strangle with strikes 1.59623/1.59823. Total cost 20.5 pts (or pips). Half closed at 55 pts. Expiry 8:40 for both trades. When the market is lazy I always close half of the position at a price that let's me cover the expenses. Now I ahev a free trade.
2.5 pts profit for EUR/USD, 57 pts profit for GBP/USD
  • #863
  • Oct 15, 2013 6:58am Oct 15, 2013 6:58am
STE in a slow motion spot market. Initial stop is 4 pips. 1st part +5.2 pips.
Attached Image
  • #864
  • Oct 16, 2013 1:31am Oct 16, 2013 1:31am
All eyes on the debt talks in the US. Option prices show that increased volatility is expected. Today trading will look more like gambling. The good news is that the deadline is near.
  • #865
  • Edited 7:21am Oct 16, 2013 6:35am | Edited 7:21am
Srmfx, Do you predominantly use options to express your ideas in the market? I ask this because the initial post of the thread suggests you were using spot positions at the time.
  • #866
  • Oct 16, 2013 6:49am Oct 16, 2013 6:49am
Quoting TranceTrader
Srmfx, Do you predominantly use options to express your ideas in the market? I ask this because the initial post the thread suggests you were using spot positions at the time.
I was trading spot but the volatility decreased in the recent months and I turned to options. Binaries especially are providing the leverage needed to overcome the low volatily. Also it was about time to use all the experience I have with options. They make the trading much easier.
  • #867
  • Oct 16, 2013 6:51am Oct 16, 2013 6:51am
Sometimes I need a little luck. The option expiried in-the-money and the price dropped immediately. They payout was 100.
Attached Image (click to enlarge)
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  • #868
  • Oct 17, 2013 2:41am Oct 17, 2013 2:41am
GBP lagged behind the EUR a little and I bought binary call. The payout was 100, which means 65.12 pts. profit.
Now I'm looking for long entry on the spot.
Attached Image (click to enlarge)
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  • #869
  • Oct 17, 2013 3:03am Oct 17, 2013 3:03am
Another binary call for GBP/USD. Strike 1.6034, expiry 8:58AM London time, price 38.61. The option was bougth 8:43AM. STE on 1minute chart.

EURUSD STE just above 20 EMA. Stop at BE.
Attached Image (click to enlarge)
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  • #870
  • Oct 18, 2013 1:40am Oct 18, 2013 1:40am
Trade of the day. STE off 20EMA. Traded with 5-minutes binary call. The same was with GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 15 KB
  • #871
  • Oct 18, 2013 2:45am Oct 18, 2013 2:45am
Long binary call @ 37.99. Strike 1.3680, expiry 08:44:50 London time, payout 100. STE off 200 EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 31 KB
  • #872
  • Edited 3:52am Oct 18, 2013 3:34am | Edited 3:52am
You're latest screenshot reminds me of some material I came across early in my trading http://www.hectortrader.com/coursechapter1.php. Completely unrelated but I'm smiling to myself thinking how confident I was that I'd cracked it... how little I knew
  • #873
  • Oct 18, 2013 3:47am Oct 18, 2013 3:47am
Quoting TranceTrader
You're latest screenshot reminds me of some material I came across early into my trading http://www.hectortrader.com/coursechapter1.php. Completely unrelated but I'm smiling to myself thinking how confident I was that I'd cracked it... how little I knew
The best way to trader is just to follow the trend. MAs are dynamic trdn lines and this is the reason that they are widely used by the traders. Actuallty the first trading system that I saw 18 years ago was based on 4, 9, 18 MAs. The trick is how to determine the exact entry point around the MA. It is not possible that every test is a trade.
  • #874
  • Oct 18, 2013 3:53am Oct 18, 2013 3:53am
sounds sensible to me
  • #875
  • Oct 18, 2013 4:05am Oct 18, 2013 4:05am
hi SRMFX,

learning a lot from your journal with regards to the various option possibilities thanks for sharing.

interestingly one of your recent trades via option strike to 16034,that was one of my calculated levels 16036 the weekly split highi had that level since monday.i took a short there and traded it back to 16024 another calculated level.i think using the various options may be useful tool to add .

who decides the strike prices ,

dice
  • #876
  • Oct 18, 2013 5:44am Oct 18, 2013 5:44am
Quoting diceman555
hi SRMFX, learning a lot from your journal with regards to the various option possibilities thanks for sharing. interestingly one of your recent trades via option strike to 16034,that was one of my calculated levels 16036 the weekly split highi had that level since monday.i took a short there and traded it back to 16024 another calculated level.i think using the various options may be useful tool to add . who decides the strike prices , dice
Hi dice,
You can trade with options any view of the market you have. Regrading the prices it depends. Usually the brokers give you one or more strikes that you can choose from. There are various strikes and expiries and this is no problem. Sometimes you can miss a trade because there's no appropriate option, but this is rare.
  • #877
  • Oct 21, 2013 2:12am Oct 21, 2013 2:12am
Tomorrow will be published the US employment report. I suppose most of the traders will be on the sidelines until then. Today I plan to enjoy the nice weather.
  • #878
  • Oct 21, 2013 1:09pm Oct 21, 2013 1:09pm
STE @ 200 EMA.
Attached Image (click to enlarge)
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  • #879
  • Oct 22, 2013 12:23am Oct 22, 2013 12:23am
Today is NFP day and I'm buying plain vanilla strangles. This is usually volatility trade.
  • #880
  • Oct 22, 2013 2:21am Oct 22, 2013 2:21am
This has been a ton of knowledge for beginners. I appreciate your concern in taking time and sharing so much of useful information.
I used to have one question in my mind in the recent times, please help me with that.
Are scalping good for beginners or at least intermediaries? Reason it, if you don't mind spending some time.
Thanks in advance!!!!!!!!!
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