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Cable Update (GBPUSD)

  • #354,461
  • Nov 26, 2013 11:52pm Nov 26, 2013 11:52pm
I got out of my long positions just now.

I don't like those tails that are forming.

Expect it to shoot up now. Har.
  • #354,462
  • Nov 26, 2013 11:53pm Nov 26, 2013 11:53pm
Large option set to expire today, at 1.6230. Offers at that level have capped price so far.
https://twitter.com/OrderFlowForex/s...45278834343936
  • #354,463
  • Nov 26, 2013 11:56pm Nov 26, 2013 11:56pm
Quoting EmeraldEyes
Large option set to expire today, at 1.6230. Offers at that level have capped price so far. https://twitter.com/OrderFlowForex/s...45278834343936
in layman's terms it means ?


Thanks
  • #354,464
  • Nov 26, 2013 11:56pm Nov 26, 2013 11:56pm
Quoting mima
{quote} Respect FF rule #1 then post whatever you want and don't give a shit for anyone's comment. use this as well if needed it: http://www.forexfactory.com/report.php?p=7117211
yea buddy hes the one violating rule 1 and yep i did use the link on him several times unless he starts to change his tone towards me.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #354,465
  • Nov 26, 2013 11:56pm Nov 26, 2013 11:56pm
What's a forex option and why is it expiring today?
  • #354,466
  • Nov 27, 2013 12:01am Nov 27, 2013 12:01am
Quoting EternalNewB
{quote} in layman's terms it means ? Thanks
Banks have written large $$ worth of options at that level that remain in play until the NY options cut at 9ct/10et. There is a big incentive to those traders to keep price under this option level, or successfully hedge it below spot 1.6230 it if expecting a break.
  • #354,467
  • Nov 27, 2013 12:05am Nov 27, 2013 12:05am
Quoting Baggi
What's a forex option and why is it expiring today?
A normal option, like a stock option. Options expire every day at various times, the most popular being 10am New York time. Just certain levels are worth more which give muliple banks involved a reason to buy under strike or sell above it depending on their strategy. This just means if the spot price is near a big strike, it'll be kept near by the order structure around them.
  • #354,468
  • Nov 27, 2013 12:10am Nov 27, 2013 12:10am
Quoting EmeraldEyes
{quote} Banks have written large $$ worth of options at that level that remain in play until the NY options cut at 9ct/10et. There is a big incentive to those traders to keep price under this option level, or successfully hedge it below spot 1.6230 it if expecting a break.

I am obviously thick sorry about that, am I correct to understand that that 1.6230 is not expected to hold long if they options are expiring ?
  • #354,469
  • Nov 27, 2013 12:13am Nov 27, 2013 12:13am
Quoting EternalNewB
{quote} I am obviously thick sorry about that, am I correct to understand that that 1.6230 is not expected to hold long if they options are expiring ?
Its active and can/will be hedged until its expiration, then its gone. Any holders settle or it expires worthless to them.
  • #354,470
  • Nov 27, 2013 12:15am Nov 27, 2013 12:15am
Quoting EmeraldEyes
{quote} Its active and can/will be hedged until its expiration, then its gone. Any holders settle or it expires worthless to them.
Thank you once more
  • #354,471
  • Nov 27, 2013 12:16am Nov 27, 2013 12:16am
Quoting EmeraldEyes
{quote} Its active and can/will be hedged until its expiration, then its gone. Any holders settle or it expires worthless to them.
New York Close is expiration?
  • #354,472
  • Nov 27, 2013 12:21am Nov 27, 2013 12:21am
Quoting EternalNewB
{quote} Thank you once more
No problem. A recent example of this option gravity is EurUsd's 1.3525 strike for yesterday's 10am new york.
  • #354,473
  • Nov 27, 2013 12:28am Nov 27, 2013 12:28am
Good Morning!
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY

http://www.forexfactory.com/showthre...87#post7117287
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #354,474
  • Nov 27, 2013 2:01am Nov 27, 2013 2:01am
Quoting fxtyrant
{quote} True, no body care if im wrong... atleast not enough to care if i offer up an apology like you do so you are probably one of the many people here who actually took peoples advise on trade ideas when you should really trade your own plan... and the fact that you think people are only interested in entry and exit point tells me you are just one of the many here who are hoping somebody would give you entry and exit points so you too can do absolutely nothing in analysis and hope for a high way to heaven full of pips by following people's signals.......

We are all here to exchange ideas and see if others think what we currently think but then if you choose to do what others thinks is right. then he should be able to deal with the consequences. Am sure he wont complain when he makes profit out of others' analysis.
  • #354,475
  • Edited 3:03am Nov 27, 2013 2:52am | Edited 3:03am
Is somebody looking at 1.65?

-- Update
I know almost everybody here is short in red and hoping for some fall (we are in an uptrend from 5 months, anyway nevermind), so big respect for what you are facing, my post is directed to the (few?) bulls here, if any.
  • #354,476
  • Nov 27, 2013 3:01am Nov 27, 2013 3:01am
Is anyone trading the weekly TL from 14.8.11? with positive news I'd expect a bo with probable 100+pip movement imo.
As the lights go by so too do the shadows move
  • #354,477
  • Nov 27, 2013 3:08am Nov 27, 2013 3:08am
Quoting spaceduck
Is somebody looking at 1.65? -- Update I know almost everybody here is short in red and hoping for some fall (we are in an uptrend from 5 months, anyway nevermind), so big respect for what you are facing, my post is directed to the (few?) bulls here, if any.
lol didn't realise. I started to back read (I'm normally in EU thread) but after reading a page of bickering gave up.
As the lights go by so too do the shadows move
  • #354,478
  • Nov 27, 2013 3:10am Nov 27, 2013 3:10am
Quoting spaceduck
Is somebody looking at 1.65? -- Update I know almost everybody here is short in red and hoping for some fall (we are in an uptrend from 5 months, anyway nevermind), so big respect for what you are facing, my post is directed to the (few?) bulls here, if any.

In the interest of not repeating myself, here is my view. Yes I am bearish, but that doesn't mean I am short and/or underwater. There is a difference.

Quoting PipTrapper
{quote} I am currently bearish, and I certainly have not fallen silent My view is that the GDP is already priced in and only a better GDP estimate than the prelim in October (0.8%) will have a chance of making this pair go nuclear on the bullish side. My justification from a technical perspective is the range within which this pair has been bound, the fact that the bottom of the range has already been breached, plus the very bullish prospects for the USD. All this is besides the fact that the highest probability EW count is bearish. Of course...
Picking tops and bottoms is not an easy task, so full respect goes out to all who are working through it. I am sure that most of you are managing your risks and in the end that is what counts the most.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,479
  • Nov 27, 2013 3:14am Nov 27, 2013 3:14am
Euro has been bullish breaking daily/weekly TL's for past 2 days and I have being waiting for GU to catch up. Finally just hit weekly TL. Will be interesting to see from where here.
As the lights go by so too do the shadows move
  • #354,480
  • Nov 27, 2013 3:15am Nov 27, 2013 3:15am
Quoting Matts Micro
{quote} lol didn't realise. I started to back read (I'm normally in EU thread) but after reading a page of bickering gave up.
There is bickering in most threads and the master of them all is the EU thread... so you should be quite used to it.
Those who say it cannot be done should not interrupt those who are doing it
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