Forex is a day traders paradise................Not so with us intermediate to long term traders.......Gets too costly to hold a position for several months. Screw that !!!

Aussie Trading Room and Cartoons Gallery

Currency futures have real good liquidity. Options too. I never have a problem getting limit orders filled.

Aussie Trading Room and Cartoons Gallery

I'm sure its all OK DB, but I have a futures account (for long term) and a forex account (for very short term trades) Thats good enough for me.

Aussie Trading Room and Cartoons Gallery

I don't know. I never researched forex options. I like futures because my total commissions are $12.50 per side for a maximum cost of $25.00 even if I hold it for a full year or more. No other BS fees and crap like that, it'll never cost me more ...

Aussie Trading Room and Cartoons Gallery

62% retracement on short term hourly chart = 10527 area. Who knows if it'll make it there but its a reasonable target for a day trade with tight stop.

Aussie Trading Room and Cartoons Gallery

Never traded them before, always been a futures trader. Spot options mean right now (spot). Can I go one year out in the future with forex spot options ? I can with futures options if I so wish.

Aussie Trading Room and Cartoons Gallery

10527 next

Aussie Trading Room and Cartoons Gallery

Australian Dollar March AUD options (49 days from expiration) ..........................CALLS...............................strike price..............................PUTS

Aussie Trading Room and Cartoons Gallery

I'd put it at about 5% ------------ Each and every market does its own thing. Sometimes it might travel a similar road as the S&P and Euro and sometimes it don't. As they say 'it works as long as it works until it don't work'.

Aussie Trading Room and Cartoons Gallery

DB - I would sell you 10300 puts all day long if they're two weeks away from expiration. As long as prices are above 10300 two weeks from now, I would bank all the loot. haha (total cost for me - $12.50)

Aussie Trading Room and Cartoons Gallery

PS. I usually look at options six months out to give it plenty of time if I am long a put or a call. I like real short term options if I'm short puts or calls (option writer)

Aussie Trading Room and Cartoons Gallery

I wouldn't attempt day trading options. I trade options long term. If the market goes your way you can just sit on them until they expire and bank the money and only pay half the commission ($12.50). But you can offset at anytime you desire. I ...

Aussie Trading Room and Cartoons Gallery

He's been eating up the dirty bulls. Damn bulls keep feeding the bear more and more and his teeth get dirty. haha

Aussie Trading Room and Cartoons Gallery

I'm not timing the market in that post - just giving the BIG PICTURE. Not saying we wont rally a little from here first. I do not believe it has enough strength to take out the 10650 area (monthly green line on my chart) due to heavy commercial ...

Aussie Trading Room and Cartoons Gallery

The BIG BEAR SCREAMS (DB is right - major major major downside correction coming) 38% = 9100 area and 50% = 8500 territory. The COT commercials (the BIGGEST boys of all are selling the hell out of the AUD) They will eventually prevail - they always ...

Aussie Trading Room and Cartoons Gallery

Back in late 2011 these are the CYCLE timeframes that projected the MAJOR turning points for 2012. I marked the dates with the vertical white lines on the weekly chart...................AMAZING

Aussie Trading Room and Cartoons Gallery

DB - The commercials are heavily NET SHORT on the aussie ------------- confirming a downmove into mid march/first part of april................................I would choose the bear side for sure here.

Aussie Trading Room and Cartoons Gallery

The month of MAY should be a fun month this year in the aussie. Look for a very nice move (most likely UP). Cycles suggest that its the best move of the year...................... Be patient. This could be a buy and hold trade for 4-6 weeks.

Aussie Trading Room and Cartoons Gallery

It actually shows up first part of Jan - then a drop into late jan 1st of feb....Choppy up 1st 3 weeks in feb - then down pretty good till the [mid march/1st part of april] low followed by a huge rally into the end of may. (NOTE: its possible that ...

Aussie Trading Room and Cartoons Gallery

I can't do it. It comes via subscription and 'copy and pasting' has been blocked/disabled. All I can do is relay the message. (darn thing is 80 pages long covering almost every market segment you can think of) FYI - its not seasonals, it is cycle ...

Aussie Trading Room and Cartoons Gallery