Thanks for this informative post. (Sorry if I digressed too far from the subject of options trading in my earlier posts, BTW.) image

Let's Trade Options

I'm presuming that a lot of Smart Money players are still using the Carry Trade with the USDJPY. I generally track it because Peter Crowns, the former pit trader, told us it was one of the four currency pairs with the highest volume. (Peter Crowns ...

Let's Trade Options

Personally, I don't think it's true. It could be a big problem because one of the safest bets seems to be buying stocks/calls on the "most shorted" shares of the Russell 2000 or the Nasdaq. Here's one of the GIS results from "zerohedge most ...

Let's Trade Options

image Am waiting for the gap-fill... image

Let's Trade Options

This isn't strictly a DIBS post, but I made a chart of the "JOBS FRIDAY" NFP data announcement. Here's the data from Bloomberg: image Since it was far below expected, the dollar took a hit against the other majors, including the EURUSD: image ...

The DIBS Method... No Free Lunch continues

Here's a chart of the gap, for those who are watching: image

Cable Update (GBPUSD)

Yes, but I was expecting the IB to form in response to the article. According to the chart, the IB formed before the article was published. (Perhaps someone on the inside knew the results of the poll and told his hedge fund friends first...) ...And ...

The DIBS Method... No Free Lunch continues

image Another DIBS setup happened in the GBPUSD, while all that Brexit talk was happening. What I don't get is this: the "Remain" vote is good for the pound, and it was revealed that the "Remain" vote was bigger than the "Leave" vote. But ...

The DIBS Method... No Free Lunch continues

I checked out your first link and was surprised to learn they are still using that statistic, although it's slightly different from what I heard back in univ.: "90% of the businesses that fail in any given year are small businesses." This is not as ...

Are there any successful Traders in Forex Factory?

I see dustbin and others picked up on the USD/JPY trade from Monday night after the G7 meeting in Sendai. image A later chart from the following day: image After that, there was a big plummet from about 110.16 to 109.40, and as of 10 pm NY time ...

The DIBS Method... No Free Lunch continues

I FOUND SOMETHING INTERESTING ON A GAWKER THREAD... There's an article by Hamilton Nolan about hedge funds. The source URL is here. Hedge Funds Have Sucked For a Decade Someone posted this "conversation" with a hedge fund manager, who advised a very ...

The Big secret to trading success

​ON THE SUBJECT OF WRITING OPTIONS: In the book Sell and Sell Short, author Dr. Alexander Elder writes a chapter about non-equities. He claims that the only way to win at options (over the long term) is by writing them, not by buying them. EXCERPT: ...

The Big secret to trading success

image Now that I have your attention... ​The following DIBS trade is in progress now: All last week, BoJ governor Kuroda was babbling about how a stronger yen was going to endanger the Japanese recovery. Sure enough, on Friday night (at noon, NY ...

The DIBS Method... No Free Lunch continues

image Can I have your attention? Um, I think I found another secret that the Smart Money has been hiding from you. I found this on ZH recently and I took a screencap. I put the title of the source article on the pic: image Granted, this is about ...

The Big secret to trading success

The most consistent "secret"/unknown trading tactic I found recently is this: This is the daily chart of SPY (SPDR S&P 500 ETF Trust), as provided by NorthmanTrader.com. He is the sort of technical trader who likes to follow long-term patterns and ...

The Big secret to trading success

A few questions: 1) Which currency pair is that? (It looks like an H4 chart.) 2) When you measure the hot hand, where do you start from — yesterday's close or the close of the previous Friday? 3) Is that red IB "up on the day"? What time do you ...

The DIBS Method... No Free Lunch continues

Thanks for the kind words. We're all down here competing against the likes of JPM and Goldman Sachs, so it behooves me to mention one or two things that might help us actually retire rich. That reminds me... regarding the "hot hand" -- let us ...

The DIBS Method... No Free Lunch continues

A DIBS TRADE SET-UP on USDCHF yesterday... FWIW, this week I'm doing my "hot hand" charts differently. I usually go by daily opening prices, but that means switching charts every day. Now I've started a chart where I track weekly closes, Friday @ ...

The DIBS Method... No Free Lunch continues

​BANK RESERVE SETTLEMENT WEDNESDAY is drawing to a close... Below, I'm enclosing a screenshot from the Bloomberg economical calendar, explaining why Bank Reserve Settlement Day is important. Then I'm enclosing some charts to show some promising ...

The DIBS Method... No Free Lunch continues

​Maybe I forgot to post this earlier...but I don't usually follow EURCHF. image

The DIBS Method... No Free Lunch continues