++ FXBox (a way to gain more than pips) ++ - page 2
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premium and expiration
it is true what you said, the prium changes with the duration of the timeexpiration and with the range of pips you set. also different if you set miss or hit box. but this is not important for me.
i know if i set a miss box in front of a flat market i will get the best premium. because the oanda server 'think' the price will hit the miss-box. the server calculation did not know about news releases. and this is my strenght.
the only what i have to discover is. when will the news movement be wavie and when will it only raise or lower the price.
thats really important for me to find such a filter.
thanks for your reply linuxser. maybe you have knowledge about newstrading. and could help us a lot with it. esspecially with wavie movement. i think this could happen when more news will releases at the same time with different market influences but i'm not sure at the moment
regards
PriNova
Exotics could be related as following (Vanilla):
In the box
Hit: one touch, price must touch the desired level.
Miss: one no touch price must not touch the desired level.
An introductory article (you must read):
Getting Started In Forex Options
hi
hi Pri thanks for other side of making money in fx ...it should be less risk using fx option , am i right ? how long u did it ?
===================
Forex Indicators Collection
FXBox News trading journal
This is my journal for the FXBox News trading:
Date: Balance Price Return
04.01.2008: 100 US$ - 10US$
90 US$ + 10US$ + 8$
108 US$
11.01.2008: 108 US$ - 10,8 US$
97,2 US$ + 10,8 US$ + 7,02$
115,02 US$
22.01.2008: 115,02 US$ - 11,5 US$
103,52 US$ + 11,5 US$ + 11,73$
126,75 US$
30.01.2008: 126,75 US$ - 12,67 US$
114,08 US$ + 12,67 US$ + 7,98$
134,73 US$
34,73% Profit in Januar
01.02.2008: 134,73 US$ - 13,47 US$ (Looser)
121,26 US$
05.02.2008: 121,26 US$ - 12,12 US$
109,14 US$ + 12,12 US$ + 10,54$
131,80 US$
06.02.2008: 131,80 US$ - 13,18 US$
118,62 US$ + 13,18 US$ + 7,24$
139,05 US$
07.02.2008: 139,05 US$ - 13,90 US$ (Looser)
125,14 US$
07.02.2008: 125,14 US$ - 12,51 US$
125,14 US$ + 12,51 US$ + 12,13$
149,78 US$
08.02.2008: 149,78 US$ - 14,97 US$
134,81 US$ + 14,97 US$ + 16,46$
166,25 US$
12.02.2008: 166,25 US$ - 16,62 US$
149,62 US$ + 16,62 US$ + 12,13$
178,37 US$
14.02.2008: 178.37 US$ - 17.83US$
160,54 US$ + 17.83US$ + 6,24$
184,61 US$
21.02.2008: 184,61 US$ - 18,46US$
166,15 US$ + 18.46US$ + 12,73$
197,34 US$
46,47 % Profit in Februar
04.03.2008: 197,34 US$ - 19.73US$
177,61 US$ + 19.73US$ + 16,77$
214,11 US$
214.11 US$ - 21,41US$
192,70 US$ + 21.41US$ + 14,13$
228,24 US$
05.03.2008: 228,24 US$ - 22,82 US$
205,42 US$ + 22,82 US$ + 20,30$
248,55 US$
06.03.2008: 248,55 US$ - 24,85 US$
223,70 US$ + 24,85 US$ + 16,90$
265,45 US$
265,45 US$ - 26,54 US$ (Looser)
238,91 US$
07.03.2008: 238,91 US$ - 23,89 US$
215,02 US$ + 23,89 US$ + 25,08$
264,00 US$
264,00 US$ - 26,40 US$
237,60 US$ + 26,40 US$ + 22,44$
286,44 US$
13.03.2008: 286,44 US$ - 28,64 US$
257,80 US$ + 28,64 US$ + 16,04$
302,48 US$
18,03,2008: 302,48 US$ - 30,24 US$ (LOOSER)
272,23 US$
272,23 US$ - 27,22 US$
245,01 US$ + 27,22 US$ + 21,77$
294,00 US$
20,03,2008: 294,00 US$ - 29,40 US$
264,60 US$ + 29,40 US$ + 22,34$
316,34 US$
60,30% profit in March
01,04,2008: 316,34 US$ - 31,63 US$
284,71 US$ + 31,63 US$ + 30,04 $
346,38 US$
04,04,2008: 346,38 US$ - 34,63 US$
311,75 US$ + 34,63 US$ + 21,81$
368,19 US$
368,19 US$ - 36,81 US$ (LOOSER)
331,38 US$
10,04,2008: 331,38 US$ - 33,13 US$
298,25 US$ + 33,13 US$ + 25,84$
357,22 US$
357,22 US$ - 35,72 US$ (LOOSER)
321,50 US$
321,50 US$ - 32,15 US$ (LOOSER)
289,35 US$
15,04,2008: 289,35 US$ - 28,93 US$ (LOOSER)
260,42 US$
22,04,2008: 260,42 US$ - 26,04 US$
234,38 US$ + 26,04 US$ + 23,18$
283,60 US$
23,04,2008: 283,60 US$ - 28,36 US$
255,24 US$ + 28,36 US$ + 16,44$
300,04 US$
24,04,2008: 300,04 US$ - 30,00 US$
270,04 US$ + 30,00 US$ + 33,00$
333,04 US$
5.28% profit in April so far
233,04% profit total
PriNova
Above current price.
My choose was hit, again. Note the differences with "payment".
This could tell you the option seller "Oanda" does not expect too much volatility with the market, and it's almost impossible one of our boxes will be hit. That's why the payment is almost double than price.
Our boxes cost $100 each. We had pay this money.
At this moment you must be thinking. Ok, but if I had choose "miss" otherwise, still there is some money to pick up (19.70 for one and 32.55 for the other). And yes, you're right. However is the expiration (End time) comes without the price missing our selected levels there will no money to pick up.
A couple more of things.
I have spent $200 with two options, potential payment is a little more than this amount. So, this was not good, it was just for example.
In the best case, if one of the options where hit I'm going to just save the amount invested.
Options are interesting for trade the news because you don't need to be worried about market execution and slipage.
Take a look at the next pictures. By going forward in time the payment for hit increases meanwhile the payment for miss decreases. This is why the market isn't expecting the Euro rebounds to the desired level since current time to May 2.
Now we should ask, why if the euro rebounds? I could pick up $330 for every $100 invested.
That's is what next pictures shows. Small earnings for hit and nothing for miss. So, market is waiting for a rebound by May 10 or there is no much accuracy about where the Euro will go.