Contra's FX Journal

Short 1mth_ (14 Sept expiry) 1.2225/1.2660 DNT traded earlier today
Contract paid 21.0%, TV 15.037%, vol 9.15 and spot 1.2455
Buyer recieves EUR 2mln providing_either strike_has not traded by expiry

2M... thats decent cash right there.
 
there go those 2500's... I had to go for it with the further developments today. easy intraday play right there.

fed comments last night were a slight giveaway, plus the PA.

Also few comments today from Merkel, Samaras (w/ his personal guarantee lol), even Carney comments and one from S&P again on full bailout for Spain having no ratings impact. Not much reaction on them but I suppose the market was just waiting for this after Europe closed.

watching 2526.
 
definitely thinking about a long aud/usd here if we break higher for 0580. stops sitting above 0530 on the break I would assume.

mining stocks on FOMC... ASX200 looking ok. Euro can use a pullback or atleast a pause maybe.

HSBC Flash Manufacturing PMI on the menu...
 
Quote from contra:

aud/usd looking good here. half hour until the china data...
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I lost a good chunk trying to trade aussie last week.. i've been just watching it trying to find a good spot
 
Quote from JuniorCTA:

I lost a good chunk trying to trade aussie last week.. i've been just watching it trying to find a good spot
More...

Yea, nice levels though, they had you in decent profit at one point. I knew I had to chill out these last 2 weeks, now we're starting to pick up again, Sept should be fun.
 
Quote from contra:

Yea, nice levels though, they had you in decent profit at one point. I knew I had to chill out these last 2 weeks, now we're starting to pick up again, Sept should be fun.
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got long too early, i knew it would trade above 1.05s again but that was a deep punt to the bids, had to fold and re-evaluate
 
Quote from JuniorCTA:

got long too early, i knew it would trade above 1.05s again but that was a deep punt to the bids, had to fold and re-evaluate
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Yea, with everything going on with China data and RBA at the time, and the space to drop to 0400-0420 in the daily channel... I didn't like it, but I thought you may have nailed it, just seemed too risky for me.

If it pulled up and gave me a pullback for a shot above I would have maybe took that though.
 
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