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good morning all
eu risk for the upside due to options expires and we might stick a while in 1.18-1830-40 range with possible extension to 1.1880-1.19 (wont rule it out ) before rushing back down at london fix and i remain a rally seller
gbp still playing the golden range and remember the data whats important
still a dip a buyer yj my target 112.30 and i asses there
still dx a dip buyer 93-95 range prevailing
H. You’re way off with the options positioning. The majority of EURUSD 1.18’s are puts. 1.37bn vs 496m calls. And, that’s no indication of which way it will go. The seller will want it above and the buyer will want it below, then one or other side may need to liquidate their position after expiry.
and if you could help how can i know the puts and calls in an easy way ill apreciate
It’s a bit of work if I start listing the break down of every trade. I usually do it if they’re particularly big but still, it doesn’t mean it will reflect any battle or price moves depending on whether they are puts or calls, and there’s two sides to the trade still anyway, plus a huge amount of other variables.
i always do appreciate your help did a lot for me back then and now
Thanks Ryan, this makes a lot of sense to me. Not overly interpret nor ignore it…
That’s right Chen. Unless we’re talking barriers and DNT’s, the other stuff is just part of the overall picture and a reason why prices might move.
A quiet Asia session once again. I opened 2 trades…. The ‘no brainer’ short USDJPY at 110.97 to test the big figure – banked half pips on that already with my stop on the remainder at 111.02.
Same with a long scalp on EURUSD – taken half for small pips before the open with my stops at b/e now.
I’m still holding a few short positions in EURNZD with an average 100 + pips floating at this time. I may look to
taking some off the table today and leave a core , see how things go .
A trade I will watching for here, is a short in AUDNZD below 1.09. …This proved to be a tough resistance level on the way up . A rejection and decent move back below the 1.0900 could prove fruitful .
will do the reverse of what you did on eurnzd. will buy all the dips
I hope you do as well one the way up Nach. It’s been looking sticky since yesterday that’s for sure .
I’ll be keeping close tabs on positions .
Morning folks. Lovely warm, sunny morning here.
Expecting another slow day in these markets today until Canadian prints later, CPI`s being the highlight. Fed -heads Brainard and Kaplan will have investors attentions when they speak around 13:15GMT. Their words and yields might be the main USD drivers with little else on the US docket.
I remain long WTI`s and long CADYEN`s
Yesterday, we were swimming with Guppy in the tight range booking short and long-side and so it will be much of the same today, but with another victim perhaps. GBP stuck in these tight ranges waiting on something to happen so take the 2-way business. See if EU numbersshake it out a bit.
Happy hunting into the wedding weekend folks.
Top of the morning to you all
Hopefully today is a bit more lively than yesterday,
USDJPY – Sliced some of my long at 110.95, and got a separate short at 95 too, as per the plan yesterday. Had a partial TP at 80 on the short but that’s not been hit so have taken 84 just now. If 80’s continue to show support I’ll take it all off. Need to check the lay of the land but I’ve a mind to add to the long on a break.
EURUSD, happy to run the last portion, stop’s at 55 still. We’re seeing some of that consolidation I was expecting during a quiet day yesterday but that doesn’t mean we’re not set for a move today.
Not much else jumping out at me otherwise, and as Si says, maybe we’ll get an opportunity over the CAD numbers cos there’s naff all else out.
Godd luck today traders.
Short WTI 71.72…I’m a new trader so pls don’t take my trade seriously. Wish everyone have a good luck day.
Good luck Icy.
thx, took my $0.2 just then…should wait a bit longer.
Good morning all ,
Long USDJPY, range mode on the rest till Cad data.
Jobbed through the day after having smacked a fair bit away short eurnzd. I felt back in my spot dealer days trading tight ranges in decent amounts, apart from the fact being alone sitting in front of my desk rather than in a big crowded and loud room;)
One happy camper was my broker looking at the number of trades I did and a bit myself as I succeeded to get most back, but it’s not something to try every day as a private trader and would certainly not recommend it to anyone. Any unexpected news could have ripped a chunk out of my account and one can’t leave the desk unattended for hours. I was pretty fortunate the market stayed inside ranges which does make me think there’s a fair bit of long option gamma in this market.
Anyways I reckon with Japan’s CPI coming out that low, USDJPY should remain bid. 111.30-60-80 and 112.20/30 are target I have in mind.
On the Cad CPI, it should be a pretty binary event as I don’t think there’s a big skew right now on CAD in the market as the uncertainty over Nafta may have lightened positions. If the series continues, the number shouldn’t be to bad. I’ll be watching for holds/breaks of the 1.2745/60 -1.2840/50 range to trade it .
Stay safe, happy hunting and TGIF
Thanks K-man. Top drawer analysis.
CADYENS in the room were locked into 86.50 leading into the CPI` and retails. That was gone in the 1st stab on disappointing nrs. Switched short 86.461 as the 1st stab pulled off a little. Lucky with that. Great chunks and looking for 86 to break. Short locked into 86.3050. Can only win.