OTC options mostly. Options on stock or VIX sometimes.

Following the big money

Half of the position closed for 10 pips net profit

Following the big money

The FX market is asleep again. Today probably I will trade only Canada's Employment Change. Plain vanilla strangle is just perfect.

Following the big money

Stop at +6 pips

Following the big money

EUR/USD is showing some signs of life. STE of 20 EMA. Initial stop was 3.7 pips. 1st part +5 pips. 2nd part +10.3 pips.

Following the big money

20 pips loss.

Following the big money

Let's see if GBP/USD can break up or down. Long "Ladders" strangle. Strikes 1.5924 and 1.5944. Total cost 20 pips. Max possible net profit 80 pips.

Following the big money

I was trading the news releases until 2006. Great times. No slippage and initial reaction of 20+ pips. After NFP usuaully 100+ pips.

Slippage explained

Major pairs are going nowhere. Volatility is depressed by the upcoming BoE decision. Don't exepect any good set ups for now. Sit and wait strategy is best for this market conditions.

Following the big money

The price is not moving that much after news releases as a few years ago. Most of the major CBs are printing money and the market is not expecting this plocies to change soon. That is why the response to economic data is still muted. If you have 20 ...

Slippage explained

You can quote the price of the options in points. The $ value will differ depending on the size of the position. Ladders and other binaries are quoted from 0 to 100

Following the big money

It seems complicated, but it is not. The Ladders gives you a payout if the price is above a certain price level. If you think that the market will go up, you buy a ladder. If you think that the market will go down, you sell the ladder. This morning ...

Following the big money

I bougth 1.61 ladder for 7.8 pips, and sold 1.6040 ladder at 90.2 pips. The total cost for the strangle was 7.8+9.8=17.6 pips. Then I closed the 1.6040 ladder at 52.1 for 38.1 pips profit. The other ladder was losing 7.8 pips, so the net prrofit is ...

Following the big money

Very nice STE off 50 EMA. I traded with spot and options. You can see the spot on the chart. Stop is at +1p now I bought 20-minutes binary put with 1.60415 strike at 7.8 pips. The option expired in the money which means 92.2 pips profit.

Following the big money

Options expiries generate significant order flows mostly connected with the gamma scalping. If the liquidity is lower they have bigger influence on the spot attracting the price to the strike as a magnet. I trade usually the increase in volatility ...

Following the big money

GBP/USD volatility was totally depressed this morning. The pair was trading in 8 pips range for more than 2 hours. This is the best time for volatility trading. Long 1.6040-1.6100 strangle structured with Ladders. Expiry 12:00 London time. Net cost ...

Following the big money

Some very brief intro into options. video

Following the big money

This is a pretty scary picture. I hope someone in Washington will stop playing games. Very dangerous games. Don't expect normal trading conditions.

Following the big money

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Following the big money

Interesting. My students are usually surprised when I talk about the daily range. They never think if it is statistically possible to make 50 or 60 pips per day. How can you trade with a 20 or 30 pips stop a currency pair with ATR of 70 pips and low ...

Following the big money