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srmfx replied Nov 1, 2013implied volatility up, risk/reversal for puts favor further downside for EURUSD
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srmfx replied Nov 1, 2013Today I can show an example of what I do. Last few days EURUSD sold off heavily. Short term specs are short. Perfect conditions for a short squeeze. Quotes show some buying and there are rumors that Asian sovereigns are on the bid. There is no way I ...
Following the big money
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srmfx replied Nov 1, 2013STE in attempt for early entry before short squeeze. If I'm wrong the stop is 2.5 pips and is already covered.
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srmfx replied Nov 1, 2013EURUSD rroad map. Bias to the downside. Looking to go short in 1.3590/600 area before London open. After that 20 and 50 EMA on 1M show the trend.
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srmfx replied Oct 31, 20131. I trade usually on my laptop. Sometimes I attach 22" monitor if I trade more financial instruments during NFP for example. When I was working as FX dealer I got used to work with 2 monitors, but now one is enough. It is much easier for me to ...
Following the big money
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srmfx replied Oct 31, 2013STE at 200 EMA. Stop @ +9p. 1st part +2.5p (time limit), 2nd part +33p.
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srmfx replied Oct 31, 2013Short option expired OTM. Average profit 73 pts. R/R 1:6
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srmfx replied Oct 31, 2013Nice volatility trade. Long 1.3640/1.3680 binary strangle. Expiry 12:00 London time. Total cost 12 pts. Max profit 88 pts. Half of the 1.3640 ladder closed at 30 pts.
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srmfx replied Oct 31, 2013EURUSD is at very strong support. half of the 3rd part closed at +14p. Stop @ +2.6p
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srmfx replied Oct 31, 2013STE at 20 EMA + swing hi. Stop 4p. 1st part +5.8p, 2nd +8.8p.
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srmfx replied Oct 31, 2013On the options front vols eased after the FED meeting and 1-month is now 6.6 This means that the options traders don't expect increase in volatility. 25D risk reversal favors the puts now, which is normal given the fact that a pullback started. ...
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srmfx replied Oct 31, 2013Today the market participants will probably digest what exactly FED meant with yesterday's statement. I'll wait on the sidelines unless some good volatility trade sets up. No intention to guess the market direction. The trend stays up, but ...
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srmfx replied Oct 30, 2013Here is why I don't trade when major event is approaching. Large market participants are on the sidelines and liquidity is lower than normal. This depresses the volatility. A perfect STE set up lead to just 10 pips price jump and then the market ...
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srmfx replied Oct 30, 2013bluepanther, thank you. My spot entries are filtered by quote reading and this is the difficult part for programming. However with the options is different and may be I should try. Today all eyes on FED. I'll see 1-2 hours before the announcement if ...
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srmfx replied Oct 29, 2013I decided tha binary strangle. You can see the parameters on the chart. This was a pure volatility trade. Total cost was 16.1 pts for 83.9 max profit. Half of the 1.3790 ladder was closed at 51.8 pts. The costs are fully covered and some profit is ...
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