Chinook's EUR/USD (E/$)Mumblings

Quote from TRADERguy:

Thanks. :)

Is anyone else having a problem with the $ amount of these options as mentioned in the attachment and Thompson keeping the market in check? In the attachment they are talking about $225mn. I thought that many times this figure was traded on a daily basis in EUR/USD spot. I'm I missing something?

Cheers,

TRADERguy
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I don't understand that either. $225million is like peanuts for this market.
 
Quote from chinook:

I don't understand that either. $225million is like peanuts for this market.
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$75 mn or $225 is not peanuts for either one of the parties involved, just remember that. :)

I.e the market might not care - but those involved DO care, you can bet on that.
 
Quote from Gringinho:

$75 mn or $225 is not peanuts for either one of the parties involved, just remember that. :)

I.e the market might not care - but those involved DO care, you can bet on that.
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True, but those involved would have to buy or sell huge amounts in order to influence the market price, so it has me confused. :confused:
 
From Thomson: "EUR/USD is consolidating at 1.2975, capped by options-related selling ahead of
1.3000. Dips are limited by options-related buying in the 1.2940/45 region,
dealers note."
 
Quote from TRADERguy:

True, but those involved would have to buy or sell huge amounts in order to influence the market price, so it has me confused. :confused:
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You don't always need $$$s mn to move the markets your way - so then it becomes a calculated risk ...
If I bought e.g. futures and started putting 500-600 contracts to block off a level, or an iceberg at some place - not everyone would like to go through that amount of risk - and that would sway parts of the market in your direction. Then timing, and the amount of trades in the wrong direction - stop limits etc would all contribute.

It all depends on how easily markets are swayed to go your direction and how much money you need to make that boulder rolling. Then you can get even bigger profits.

I think most of us agrees that we will see several 1.3000+ levels - we just don't know exactly when.
 
Quote from Ivanovich:

Curious, if I may - and as I try to learn more about this stuff, does this article have any merit, or is it just "blin" as we Russians say?

http://www.fxstreet.com/nou/content/108470/content.asp?menu=market&dia=16112004
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More like Gavno.
Who can really tell if this is the top? Can things get a lot worse for US - very likely possibillity.
Can we get lucky, bring peace to teh Middle East, let oil flow freely?
well. then the article can be right.
Draw your own conclusions.
 
Quote from V-Viper:

Yes, I would not normally put on a postion this big, but I have confidence in it and a tight stop.

If I may ask do you have a FX account, and if you ever had one any experences/lessions you can tell me about over trading in relation to your account size? Thanks.
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Viper Viper Viper....

Here is a rule of thumb:
If you have 1K account you trade for dime pips - 1K lots you dont risk more than 200 points

If you have 10K account you trade for $1 pips -10K lots same 200 point risk

100K? then you cantrade for $10 pips 100K lots.
 
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