AUDJPY- ready to pop?

[oildaytrader]

Options on aud/usd

http://www.cmegroup.com/company/membership/membernet/files/20081110S-4786.pdf

If a currency breaks out with interest rates rise,a good strategy would be to buy call options

 

[GammaJammer]

hmmm - rather simplistic approach odt - all depends how much you have to pay for these call options. what youre usually looking for is options that represent good value rather than just saying that you can 'buy call options' in a market that is bid and you are guaranteed to make money, because you aren't. Choice of strike and choice of expiry date are crucial, as well as the decision to be delta neutral or not, etc. There's far more to options trading than that.

GJ

 

[oildaytrader]

hmmm - rather simplistic approach odt - all depends how much you have to pay for these call options. what youre usually looking for is options that represent good value rather than just saying that you can 'buy call options' in a market that is bid and you are guaranteed to make money, because you aren't. Choice of strike and choice of expiry date are crucial, as well as the decision to be delta neutral or not, etc. There's far more to options trading than that.

GJ

I would just buy some lottery tickets strike prices with a risk reward ratio of 5 .I would buy 100 to 200 pip away strikes with 2 months to expiry.

If you just want the premium sell the puts ATM.

o d t

 

[oildaytrader]

Looks like a good re-entry after yesterday's fall?

What do you guys think?

 

[TAjammy]

just thinking that myself

 

[oildaytrader]

just thinking that myself

Let me know what s/l and t/p u use

 

[TAjammy]

heres the chart:

 

[oildaytrader]

heres the chart:

Me and you could start a signal service.

Post again when trend loses momentum

 

[TAjammy]

mmm i dunno about that.
after shorting cable today (im still in) i realise once again i've got to understand economics/fundamentals before ever clicking again

 

[oildaytrader]

mmm i dunno about that.
after shorting cable today (im still in) i realise once again i've got to understand economics/fundamentals before ever clicking again

Go to trading school.The bill is in the post

I was in well before you.

 

[TAjammy]

why did you close out of eurusd? i've been realising that highs and lows dont mean much to the general trend, this is a frickin epic trend, unless you were scalping a few pips i see no reason to exit

 

[oildaytrader]

why did you close out of eurusd? i've been realising that highs and lows dont mean much to the general trend, this is a frickin epic trend, unless you were scalping a few pips i see no reason to exit

Beacuse I am in and out of instruments than clothes wores come out of

 

[oildaytrader]

why did you close out of eurusd? i've been realising that highs and lows dont mean much to the general trend, this is a frickin epic trend, unless you were scalping a few pips i see no reason to exit

I was out of Aud yen yesterday

 

[TAjammy]

hah im still in. oh you're a day trader sorry

 

[oildaytrader]

hah im still in. oh you're a day trader sorry

It is going higher

http://www.bloomberg.com/apps/news?pid=20601087&sid=alqlQrFma7wk&pos=5

 

[TAjammy]

she sure is, glad i bought where i did.