Search results

GBP like a bucking bronco all day. Kind of looks higher here 131.40 or so. Been sort of reluctantly bullish all day

Asia open not kind to British pound. I think you could sell it here all the way up to yesterday's open around 131.30. Gold back up, too. Was looking for more selling but that may be it for now. Usd/JPY clobbered on the open. Not a good sign. Equities should be pressured tonite

You can roll a nearby to the next month if you still like the trade but time is winding down the premium. Premium erosion accelerates as you near expiration. You can see it in a book, but best to see it firsthand.

I just looked at daily chart again. The move up has already started. Will it continue? Idk. But it reinforces my thoughts that you're being too conservative. Just paper trade an option say a month out with the same strike. Then you will see I hope.

If you expect a move, it should occur within a certain period of time. You should compare this Nov option to one nearer. I believe the nearby will gain more with a move in cad. I guess they call that Delta. The point is, if we have to wait too long for this trade to work, it's probably no longer...

Any thoughts today's trading? Cad was the biggest mover I think. Had a little push down in GBP but we are back in opening range. Euro you could have made a few pennies scalping the push to 1.10 earlier but the move lost momentum. Watching NZD now.

Most of that move could occur in one day.

Wow even NZD back on its heels.

Just relax, buy a few usd calls on cad, or puts however they sell them, and wait. It's that simple. Try to have some idea beforehand where the market could go. November seems a long way out. How about September, October? Peace, out.

You don't need books to buy puts and calls.

Take a loss. That's how you save the position. Any other questions?

Nice clean open Japan, Australia.

AUD/Cad cup w handle on daily. Been watching Cad drop with oil. Might be less difficult to trade than USD Cad.

Speaking of crosses, I've been stalking the EUR/AUD for awhile. Looks lower to me, ultimately.

It's a good mix because Paul is off the charts In terms of analytical ability, but he's not as good at decision making. Too much information gets those guys every time.

Ok I just need to mention this. The intuitive personality is found in less than 10 percent of the population. Probably way less. Most people are rational. However, a very high percentage of CEOs are intuitive. I was told it's over 80 percent. Here you have a case where the leader of the company...

Yet I seem to enjoy it, in a strange way.

Have any of you ever thought about how absolutely wacked it is to share most of the stuff we talk about with perfect strangers?

:):(:mad::wtf:

I think it all came from the floor traders, and the developer of market profile talks about it. They were seeing first hand where price and volume came together. It's a lot different when you're there and you see big volume cross at a certain price. It sticks in your mind if you are any good. I...