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Cable Update (GBPUSD)

  • #395,681
  • Sep 1, 2014 6:36am Sep 1, 2014 6:36am
Quoting albchr
{quote} Figured as much. I'm probably 100% wrong but, I would think unless we were one of the "big boys", that information would be pretty tough to come by?
I think the information isn't any "secret" information but it's just that most pay no attention to the information so most don't know the answer. I think a large number @ a strike price is just like putting a S/R line on the chart that needs to be broken so I'd like to know if it's broken on the first touch or if it's still valid until expiration @ 10AM.
  • #395,682
  • Sep 1, 2014 6:39am Sep 1, 2014 6:39am
Quoting srt
Sorry, off-topic for most in here but bugging me that I can't find the answer :-) Forex is a learning/experimenting area for me. OPTIONS: Options on futures & equities are "traditional" options so the strike is only important @ the expiration on the option so makes no difference if price crosses the strike price prior to expiration. "Spot" options are "touch" activated so if price even touches the strike price at any time prior to expiration, then makes no difference what happens the remaining time prior to expiration. So a S/R area created because...
Hi srt!

I'm not an expert on options (so please take my comment cautiously), but I think what you call "traditional options" are usually called "vanilla options" or "plain vanilla options". The rest of options, what you call "Spot options" are usually called "exotic options". Maybe using those terms you can find more information.
  • #395,683
  • Sep 1, 2014 6:41am Sep 1, 2014 6:41am
Quoting HDA
{quote} @THE COMMENTATOR aka elbert3 - you said it and Pouund Trader said it. Wednesday, August 27, 2014 at 10:35am {quote} Tuesday, July 8, 2014 at 7:42pm {quote} HDA OUT
don't know if i meant 1.8200 area at the time, i can't remember what i seen at the time to suggest 1.8200 area thats a lot of pips away
  • #395,684
  • Sep 1, 2014 6:43am Sep 1, 2014 6:43am
Quoting srt
{quote} I think the information isn't any "secret" information but it's just that most pay no attention to the information so most don't know the answer. I think a large number @ a strike price is just like putting a S/R line on the chart that needs to be broken so I'd like to know if it's broken on the first touch or if it's still valid until expiration @ 10AM.
Barrier options, also known as no-touch options, or even double no-touch (DNT) options, are the ones that become invalid once the price has been touched.
Suppose there's a barrier option at 1.66500, then if the price gets to 1.66500 at any moment, the option becomes invalid.
DNT options are the same but with two limits, say 1.66500 and 1.65000: if the prices touches any of them, the option becomes invalid.
  • #395,685
  • Sep 1, 2014 6:49am Sep 1, 2014 6:49am
Quoting srt
{quote} I think the information isn't any "secret" information but it's just that most pay no attention to the information so most don't know the answer. I think a large number @ a strike price is just like putting a S/R line on the chart that needs to be broken so I'd like to know if it's broken on the first touch or if it's still valid until expiration @ 10AM.
Well obviously I'm speaking out of my league here but two things come to mind on this.

First, HDA mentioned a while back that once an important level is breached by even 1 pip, it's no longer valid. That's not the first time I've heard that by any means but ever since he said it, I've been watching closely and it does seem to ring true.

Second, I also recall him saying if an option barrier is broken before 10am, price "could" literally take off (in it's respective direction), so that would "suggest" to me that once it's touched, it's no longer valid if it's at or before the expiration.
Ghost Rider - WWTBMD?
  • #395,686
  • Sep 1, 2014 6:52am Sep 1, 2014 6:52am
Quoting Carlicus
{quote} The barrier options, also known as no-touch options, or even double no-touch (DNT) options, are the one that become invalid once the price has been touched. Suppose there's a barrier option at 1.66500, then if the price gets to 1.66500 at any moment, the option becomes invalid. DNT options are the same but with two limits, say 1.66500 and 1.65000: if the prices touches any of them, the options becomes invalid.
Hi Calricus :-)

Thanks for the searches. I read pretty much the same things this weekend so same search engines? :-)
I know they mention "barrier options" which is some of the comments I here in fx articles but not sure if they're just using the term loosely to describe the "barrier" created by the options or if they're using the proper term to describe the options themselves. Still no reference to the large options @ each strike price.
  • #395,687
  • Sep 1, 2014 6:56am Sep 1, 2014 6:56am
Quoting albchr
{quote} Well obviously I'm speaking out of my league here but two things come to mind on this. First, HDA mentioned a while back that once an important level is breached by even 1 pip, it's no longer valid. That's not the first time I've heard that by any means but ever since he said it, I've been watching closely and it does seem to ring true. Second, I also recall him saying if an option barrier is broken before 10am, price could literally take off (in it's respective direction), so that would "suggest" to me that once it's touched, it's no longer...
I have a feeling that could be correct with forex but still would be nice to know for sure. If so, then I'll pay attention to the S/R only until it's touched.
  • #395,688
  • Sep 1, 2014 6:58am Sep 1, 2014 6:58am
Quoting srt
{quote} I have a feeling that could be correct with forex but still would be nice to know for sure. If so, then I'll pay attention to the S/R only until it's touched.
Agreed.
Ghost Rider - WWTBMD?
  • #395,689
  • Sep 1, 2014 7:05am Sep 1, 2014 7:05am
Quoting PoundTrader
{quote}don't know if i meant 1.8200 area at the time, i can't remember what i seen at the time to suggest 1.8200 area thats a lot of pips away
Good morning brother.

How many times have we seen something so far in advance we simply dismiss it over time and lots of "in between" moves? Happens to me a lot. ... lol
Ghost Rider - WWTBMD?
  • #395,690
  • Sep 1, 2014 7:06am Sep 1, 2014 7:06am
Quoting albchr
{quote} Well obviously I'm speaking out of my league here but two things come to mind on this. First, HDA mentioned a while back that once an important level is breached by even 1 pip, it's no longer valid. That's not the first time I've heard that by any means but ever since he said it, I've been watching closely and it does seem to ring true. Second, I also recall him saying if an option barrier is broken before 10am, price "could" literally take off (in it's respective direction), so that would "suggest" to me that once it's touched, it's no...
Hi Chris, that's only true for barrier options. If vanilla options are breached by one pip or 200 pips, it doesn't matter, the option is still valid.
  • #395,691
  • Sep 1, 2014 7:09am Sep 1, 2014 7:09am
A third test perhaps?
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #395,692
  • Sep 1, 2014 7:09am Sep 1, 2014 7:09am
Quoting albchr
{quote} Agreed.
Thanks for the searches & thoughts.
Out for a few hours.
Enjoy your day!
  • #395,693
  • Sep 1, 2014 7:11am Sep 1, 2014 7:11am
Quoting Carlicus
{quote} Hi Chris, that's only true for barrier options. If vanilla options are breached by one pip or 200 pips, it doesn't matter, the option is still valid.
I see. Thank you Carlicus. As I said I have much to learn about them. Like .... pretty much everything.
Ghost Rider - WWTBMD?
  • #395,694
  • Sep 1, 2014 7:11am Sep 1, 2014 7:11am
Quoting chazzle
simple break and retest of last week's high - taking a long for 660 area GU H4 {image}
out of it - bbl
  • #395,695
  • Sep 1, 2014 7:12am Sep 1, 2014 7:12am
Quoting srt
{quote} Thanks for the searches & thoughts. Out for a few hours. Enjoy your day!
My pleasure srt. I thought I'd be gone already but a slight delay in things here. Take care buddy.
Ghost Rider - WWTBMD?
  • #395,696
  • Sep 1, 2014 7:13am Sep 1, 2014 7:13am
well I know nothing about market depth etc ,hda says he can see large orders so I guess he has like tier 2 ,
Its my understanding institutional accounts are not in relation to amount in account ,

i hope he can elaborate further ,

http://thefxview.com/2013/10/16/intr...of-market-dom/
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,697
  • Sep 1, 2014 7:25am Sep 1, 2014 7:25am
Quoting Bones
well I know nothing about market depth etc ,hda says he can see large orders so I guess he has like tier 2 , Its my understanding institutional accounts are not in relation to amount in account , i hope he can elaborate further , http://thefxview.com/2013/10/16/intr...of-market-dom/
Thanks for the link Tony. That's a nice bit on DOM & Tier II feeds. If I understand, you're actually covering 2 points here though right? One being the DOM and feed and the other the requirements for opening an institutional account?
Ghost Rider - WWTBMD?
  • #395,698
  • Sep 1, 2014 7:37am Sep 1, 2014 7:37am
Quoting albchr
{quote} Good morning brother. How many times have we seen something so far in advance we simply dismiss it over time and lots of "in between" moves? Happens to me a lot. ... lol
good mourinng brother!, who knows who cares, so how trading life been?
  • #395,699
  • Sep 1, 2014 7:51am Sep 1, 2014 7:51am
yea I guess ,I guess thats what hda sees ,but I'm not sure if that has anything to do with institutional accounts specifically
,


Quoting albchr
{quote} Thanks for the link Tony. That's a nice bit on DOM & Tier II feeds. If I understand, you're actually covering 2 points here though right? One being the DOM and feed and the other the requirements for opening an institutional account?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,700
  • Sep 1, 2014 8:05am Sep 1, 2014 8:05am
gravestone doji ,i think a little unusual ,could be longer I suppose,see if we can confirm ,

Quoting Bones
yea I guess ,I guess thats what hda sees ,but I'm not sure if that has anything to do with institutional accounts specifically , {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp JPY h4 gravestone , (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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