Made 2 trades today: USDCAD +10 and EURUSD +11
Have a nice weekend!
Have a nice weekend!
1
Trader Dale - daily trading levels
- #6,343
- Mar 17, 2017 7:40am Mar 17, 2017 7:40am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
Hi guys, The reason there are no new levels today is that there are simply weren't any news levels 
Yesterday the markets were pretty dead so no change there.
Yesterday the markets were pretty dead so no change there.
- #6,348
- Mar 17, 2017 8:45am Mar 17, 2017 8:45am
Hi guys, The reason there are no new levels today is that there are simply weren't any news levels
I managed to get some pips for EU with a small position. I was looking for long trades and there was quite suitable candidate at yesterday's daily POC. but due to the g20 meetings and no levels published by you, my confidence was very low and I did a mistake you mentioned in your rules -> chicken out
- #6,352
- Mar 17, 2017 12:47pm Mar 17, 2017 12:47pm
I made a new video for GBP/USD swing idea. Have a look I hope you like it. Iam glad for your kind responses to my first video! Thanks guys. I will do such videos for you from time to time! https://www.youtube.com/watch?v=naG1GvLPpgc
but isn't the very same true for the upside if you look at the screenshot (in yellow). What makes you so sure to püick the down movementn (at least for a trade with swing character)?
regards
- #6,353
- Mar 17, 2017 10:54pm Mar 17, 2017 10:54pm
I made a new video for GBP/USD swing idea. Have a look I hope you like it. Iam glad for your kind responses to my first video! Thanks guys. I will do such videos for you from time to time! https://www.youtube.com/watch?v=naG1GvLPpgc
This video idea is really good with live commentary from you. We can learn a lot from you this way, faster and easier.
Thanks again Dale.
Khalid Y
- #6,357
- Mar 18, 2017 3:14pm Mar 18, 2017 3:14pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Am not a fan of posting other people's blogs, but has anyone heard of Quadruple witching? Next significant date's are June September and December. http://www.sidewaysmarkets.com/2014/02/options-expiration-and-quadruple.html?m=1
Hi DrB
Quad witching, triple witching ........... they happen 4 times a year when the expiry of futures & options contracts co-inside. There can be significant spikes across the charts on that day leading up to expiry as holders either try to manipulate price to their advantage or simply want to liquidate their positions/roll forward to the next contract. As I usually trade stock market indices I have seen the volatility on these days and will usually stand clear. I can't say I've seen the impact on currencies but as it's always the third Friday in Mar/Jun/Sep/Dec it wouldn't take much looking back to see if you can notice any wild market action around these days. There can be billions of $'s worth of action regarding option expiries, and if price is close to the option strike price there can be a lot of pressure on both sides of the equation. These expiry levels are supposed to be "private" but they are always leaked and if the hounds smell blood they do tend to work as a pack to make the kill
Looking back in the thread I've seen reference to iceburg orders and a few questions, this link explains how the ycan be placed on interactive brokers platform, and effectively explains why they are used. If you have the information and are skilled enough to see it happening then you know for certain there is significant interest around this price location, but it can happen at lightning speed. They generally result in a footprint of significant order flow at a particular point and a market reaction - exactly the kind of information that can result in a "level" forming. https://www.interactivebrokers.co.uk/en/index.php?f=595
Quad witching, triple witching ........... they happen 4 times a year when the expiry of futures & options contracts co-inside. There can be significant spikes across the charts on that day leading up to expiry as holders either try to manipulate price to their advantage or simply want to liquidate their positions/roll forward to the next contract. As I usually trade stock market indices I have seen the volatility on these days and will usually stand clear. I can't say I've seen the impact on currencies but as it's always the third Friday in Mar/Jun/Sep/Dec it wouldn't take much looking back to see if you can notice any wild market action around these days. There can be billions of $'s worth of action regarding option expiries, and if price is close to the option strike price there can be a lot of pressure on both sides of the equation. These expiry levels are supposed to be "private" but they are always leaked and if the hounds smell blood they do tend to work as a pack to make the kill
Looking back in the thread I've seen reference to iceburg orders and a few questions, this link explains how the ycan be placed on interactive brokers platform, and effectively explains why they are used. If you have the information and are skilled enough to see it happening then you know for certain there is significant interest around this price location, but it can happen at lightning speed. They generally result in a footprint of significant order flow at a particular point and a market reaction - exactly the kind of information that can result in a "level" forming. https://www.interactivebrokers.co.uk/en/index.php?f=595