Fx futures Journal

Current hourly bar not completed yet, but it looks like Bulls just won't give up. Great environment for daytrading here. There will be a breakout one way or the other soon. I believe it will be downside.
 

Attachments

Here's an interesting position that I have in the Euro FX call options:

I have several net credit spreads at the following levels

1 Long Sep 1280 Call versus 2 Short Sep 1290 calls. All were executed with net credit of around 100 pips. These were executed in mid June.

When the price in the Euro dropped in mid July, I bought 1 Sep 1300 call for every spread I had on at around 35 pips. Thus I had converted my ratio spreads into Butterfly Spreads. The net effect is there is no risk in the position and I have netted a minimum of 65 pips per spread. (100-35). Here's the interesting part--I would like to have the price of the Euro FX on expiration day be 1.2900 so that the 1280's will be in the money 100 pips. If the price is 1.3000. I breakeven but still make the 65 pips. If the price is 1.2800, I breakeven but still make the 65 pips. If the price is 1.4000, I still make 65 pips and if the price is 1.2000 , I still make 65 pips. So, my hope is that the Euro FX price is somewhere between 1.2800 and 1.3000 on expiration day. Interesting to me anyway!
 
Looking at a Canadian Dollar short on the hourly chart. No confirm from the daily chart whatsover, so this for now will be a pure intraday(s) play for 35 pips initially
 
Quote from Buy1Sell2:

Here's an interesting position that I have in the Euro FX call options:

I have several net credit spreads at the following levels

1 Long Sep 1280 Call versus 2 Short Sep 1290 calls. All were executed with net credit of around 100 pips. These were executed in mid June.

When the price in the Euro dropped in mid July, I bought 1 Sep 1300 call for every spread I had on at around 35 pips. Thus I had converted my ratio spreads into Butterfly Spreads. The net effect is there is no risk in the position and I have netted a minimum of 65 pips per spread. (100-35). Here's the interesting part--I would like to have the price of the Euro FX on expiration day be 1.2900 so that the 1280's will be in the money 100 pips. If the price is 1.3000. I breakeven but still make the 65 pips. If the price is 1.2800, I breakeven but still make the 65 pips. If the price is 1.4000, I still make 65 pips and if the price is 1.2000 , I still make 65 pips. So, my hope is that the Euro FX price is somewhere between 1.2800 and 1.3000 on expiration day. Interesting to me anyway!
More...

Very interesting. Good luck!

As a matter of interest, how do you find the liquidity in Globex Euro FX futures options? Did you use limit orders to enter your positions, and did you have to wait patiently for a good price?
 
Quote from wwx:

Very interesting. Good luck!

As a matter of interest, how do you find the liquidity in Globex Euro FX futures options? Did you use limit orders to enter your positions, and did you have to wait patiently for a good price?
More...

Yes I always use limit orders. As far as liquidity of globex options, I don't know, I use the pit for the Euro options. The wait was very short for my price to be filled:)
 
Quote from romik:

I looked at it in more detail and I have to change my previous hold to cover.

Could you tell me do you trade E7? And is there any real difference between EC and E7 (mini) apart from margin and $ per pip?
More...

Did I do well there?
 
Quote from Buy1Sell2:

Yes, Although it dipped down and got my intraday profit target of 1.2786 before bouncing.:)
More...

I was watching the chart as it dipped, coincided with the labour report or did you see continuation in the RSI/price?
 
Quote from romik:

I was watching the chart as it dipped, coincided with the labour report or did you see continuation in the RSI/price?
More...

No. I just had the profit target in there. Then there was the Bullish divergence chart that I posted.
 
You must log in or register to reply here.
Back
Top