Recent content by vanillaman

I posted a link on Options trading. I am an Options trader. TD won't do UK, There is only one for FX Options, Degiro say in a few months but that's the best I can do.

I am a little curious, this company may be in trouble but they clearly had a good phase at some point... Is it not the same traders that sit with them are suppose to make them money? So how come they are all complaining? I am not very clear on this, maybe someone else can shed light. I will...

Well said! It's these far right groups that are fuelling the Brexit, I guess the Farage crew are peddling some gravy stories in their back alleys about the human rights act, the biggest reason the whole thing is even under consideration because anyone who owns a business understands the benefit...

You make a good point. The noise in the spot market is heavy, so most trades become luck. It is spot after all. It is like turning a radio up and down before going full blast. It's crazy. I use to trade interbank Options, I never realised how bad the spot market was until I left banking and...

The guys who run forex live are always referencing Fibs, I know a few multi-million traders who manage a several hundred million and they reference fibs, so I don't think we need much estimating but. I guess you can observe the tick volume at critical fib points. To be honest I am an Options...

It is a zero sum game but that does not mean you can't make money, the entire capital flow of the economy is a zero sum affair, in economics we call it a circular flow, in fact sum will argue the economy is a negative sum game, since we are in debt and pay interest on the principal but countries...

That's the thing it is crazy to trade this as a Spot trade. One of my good pals has a Put Option on this for 1.4050 by end of June. So volatility does not matter, in fact good for his trade. If it goes back up then no big deal the risk is the premium so no need to worry about the stop losses...

You collect the data yourself, like I said, I am not in defense of it. There was a certain famous trader who visited oracles to get trading decisions. Lol. Anyway, the tool does a simple thing it takes an impulse then measures it. Like anything if that impulse was presumably caused by real money...

Thank you darktone, great addition to the thread. Also, just to clear up the broker behind this is actually ORE and they get liquidity from Goldman Sachs, so again they are the main LP, I thought this is valid point to make. On to your question on Option time decay, this is a natural...

I stopped reading at your post, this is so true. I think you clearly hit the nail on the head. In fact Anton really made his bacon on the IPO desk and it was purely coincidental that he ended on it. To be fair to him he had made a couple of quid on stocks prior to joining the bank, remember if...

I agree with you on supports, I mean't fibs generally and yes by balance I am referring to some kind of support as orders fail to continue to imbalance so there is equilibrium which you call support. So the market follows an imbalance, balance to continuation or reversal. If we are to reverse...

It was an example, I could say 61.8. My point is, it is all irrelevant. The market may or may not find support, so it is totally arbitrary. At best it can be used in the context of exploring balance and imbalance, 50% being the median point.

To be honest, think of Fib levels as buyer and seller strength. So 50% retracement suggests that the bears pushed back 50% of long positions relative to the most recent impulse, it gives you a sense of who is in control and what price level is attractive to new business or not. So that's...

I certainly won't Jake, anyway it is always good laugh to here some of the stuff around here. Derivatives are a huge part of trading, so it was nice to introduce a few traders to it. Some people naturally got there knickers in a twist. Good there are still people with sense. Yes, I mean what...

FX Vanilla Options are not very popular in the retail space despite accounting for a lot of the trades that take place in the interbank by banks. If you don't know what it is here is some information I looked very hard for a broker that did these as I know the spot market of traded must be...