This is what I'm looking at on my four hour chart. image I'm starting to think that the longer we consolidate in this area, the more likely we will see another large move up.

Cable Update (GBPUSD)

Mike, I do think you're on to something with your let it run strategy. However, I have a problem. I can only trade my options for 8 out of the 24 hour day. If I find myself at even money (Or better) during my 8 hour window, and don't take that ...

Strategy for trading options in forex

Can we please drop 200 pips next week? Or go up 300. I'm happy with either.

Cable Update (GBPUSD)

I wonder if cable is so flat because options expiration is tomorrow.

Cable Update (GBPUSD)

Davit, I'm sure you're absolutely correct about there being no more fundamental reasons for GU to move higher. I don't really know the first thing about fundamental reasons. However, the chart looks to me like it's preparing to go higher. It looks ...

Cable Update (GBPUSD)

It's also possible the GBP will move along with the EUR, both moving up together. GBP just went through a large move up. What we are seeing right now could very well be consolidation before the next large move up.

Cable Update (GBPUSD)

Can we please just start moving savagely in a single direction? Either direction will do.

Cable Update (GBPUSD)

What do you mean by "plain vanilla" or "binary" options? I've not heard those expressions before.

Strategy for trading options in forex

I'm not so experienced with options to trade volatility. The current trade I'm in expires in March and will require GBPUSD to move 200 pips up or down for me to break even.

Strategy for trading options in forex

I hope you're right. It doesn't matter to me right now which direction Cable goes. What matters is that it moves in one direction or another and continues in that direction. This is what will make me money. This is the beauty of options.

Cable Update (GBPUSD)

Judging by the way you write english, I'm guessing you and I don't live in the same country. Where I live, we hold our rights pretty dear. That right includes the freedom to speak ones mind, even if it does make you look like an idiot by calling ...

Cable Update (GBPUSD)

and others have been short since 1.66 when we were there before. Both longs and shorts have been correct in this ranging market.

Cable Update (GBPUSD)

If I understand you correctly, you're saying, it's going to go up, unless it goes down?

Cable Update (GBPUSD)

Ok, we have been playing around this 1.67 level for long enough. I entered a strangle today. 1.69 and 1.65 are targets. We reach either of those in the next few weeks and I'll be a very happy camper.

Cable Update (GBPUSD)

I'm hoping we continue sideways, no more than 50 pips up or down from here, for the next 12 to 24 hours.

Cable Update (GBPUSD)

Same place I see all my options. For this pair, under Options, in my brokerage, I put in GBP and it gives me both Put and Call options for GBPUSD.

Cable Update (GBPUSD)

I'm thinking of opening 4 strangles here at 1.69 and 1.64 for March. I'm assuming one can only trade these options during market hours and not whenever Forex happens to be up and running?

Cable Update (GBPUSD)

Does anyone in this thread trade the GBP USD options?

Cable Update (GBPUSD)