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

[chinook]

Quote from fandelem:

Thomson reports: "15:08 EUR/USD: Moskow Calls Current Account 'Unsustainable'] Boston, November
16: EUR/USD has bounced back to the 1.2960s, goosed by comments from Chicago Fed
president Moskow that the US current account is unsustainable and must come down
over time. ......

I'm going to pluck Moscow's hair like goose feathers

 

[Gringinho]

Quote from fandelem:

So when Thomson reports a 1.3000 plain-vanilla strike rolling off Wednesday, you really do not know if it means to keep away from 1.3000 or touch/surpass...

It just means that the expiry will attract "tensions" if we're close to the price level. It will be fairly "easy" sometimes to surpass it with a little effort - and thereby collecting the prize.

So it all depends on the market conditions, how close we are and how big the prize is as well as how willing the issuers, holders are to (let it) break through.

 

[TRADERguy]

Gringinho,

I haven't kept up with developments in the last few years in the currency options markets. Do you know which is the biggest market? Long ago it was the Philadelphia Exchange but is it CME now? Are these options your talking about American style (can be exercised at any time) or European style (can only be exercised at expiration)?

Thanks,

TRADERguy

 

[Gringinho]

Quote from TRADERguy:

...
Do you know which is the biggest market? Long ago it was the Philadelphia Exchange but is it CME now? Are these options your talking about American style (can be exercised at any time) or European style (can only be exercised at expiration)?

I am no options expert, and honestly don't know a lot about the FX options. There are some options traded with spot dealers, and then the CME options on EuroDollar and 1-week options, 1-month etc. The Philly side - I don't know anything about it - except that it was the first exchange with FX products, if I remember correctly.

There are some statistics and calendars at the CME site which shows those expiries and details, but I don't know any details.

 

[V-Viper]

Jesus anyone else having trouble getting their limit orders filled with FXCM? I missed the high of the day because of it, and then again when it wasn't even that busy!

Anyway out of my long postion at 1.2990, over traded with a 400 lot postion, but it was a nice profit. Now short 400k at 1.2990.

 

[chinook]

A friend of mine who has absolutely no clue about the markets told me yesterday that he wants to buy Euro--He thinks that it'll go up to 2.0! Maybe 1.3 is indeed the turning point

 

[chinook]

Quote from V-Viper:

Jesus anyone else having trouble getting their limit orders filled with FXCM? I missed the high of the day because of it, and then again when it wasn't even that busy!

Anyway out of my long postion at 1.2990, over traded with a 400 lot postion, but it was a nice profit. Now short 400k at 1.2990.

Why don't you trade the futures ?

 

[SethArb]

you can max out a 10 K account with FXCM into a 400 K Euro position?

gosh ... I do not think Cramer when he traded options while in college was as reckless ... be careful kid !

 

[V-Viper]

Quote from fxsniper:

"Damn COLLEGE, whats it good for anyway!"

Current market: 1.2959.

Not much.

fxs

Quote from fxsniper:
My (non-precise) current stats are:

- Over 30 short positions taken out and holding.
- Average price: in the 1.2500s.

Current market: 1.2990

I'm geussing you must of gone to college also

 

[TradingWise]

I think we will crash one way or the other soon. Or over 1.3000 or way down for a large correction.

The triangle (uptrend and 1.3000 level) is really small right now.