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10/06/21 10:53


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OK  I think I'm going to leave this thread here for the time being  its covered a lot I want to end it on a very very advanced concept  Gann related obviously! Gann was light years ahead of his time, the below is going to prove this fact, his methods were esoteric and he was beaten to these laws of the world by the Egyptians (you'll see the shape in the images below) The markets are not doing what you think they are doing  there's forces you are not aware of at work behind the scenes driving prices on ALL markets This post is to get you thinking  I'm not making any claims, but the other day on a EURUSD thread I did highlight a buying zone of which price has "suddenly" rallied upwards from! In the chart below we'll look at the 4 points shown on the chart 14, because these have been recent major swing points  I want to show you what Gann was thinking and talking about over 100 years ago  I will keep it as simple as possible This is Gann's "Square of 9"  look at the shape of it on a top down view  its basically the Pyramids! (TIP: Imagine pulling the centre number shown up towards you to visualise the concept) Basically this is a square root calculator  as you go up or down levels around the sq or 9 you going through increments of square root %'s  there are major intersections of the square and those are shown on the images as the yellow painted sections  north, south, east, west etc  see where price lands on those lines around the major turns I think we can agree totally, from this entire thread and what I'm showing you below that Gann and his methods have massive significance on the markets and as traders that means profiting from. This is EURUSD Daily Swing High #1: OK we get a major swing high price of 12350, this gets inputted into the Gann sq or 9 as the CENTER/PEAK of the square  the calculator then generates all the levels around that price according to the maths of the sq of 9  see chart We have NO idea prior which levels "might" cause resistance or support and we don't know when either  what we DO know is that the major intersection in YELLOW "could" do something  the thing is we are aware of these levels well in advance and before price gets near! So from the top at 12350, prices falls to a low of 11952, then rallies to 12243, then falls to 11835, rallies then falls into the swing low #2 of 11704 I've highlighted the relevant prices on the Gann sq of 9 below for you  EACH swing turn point was 2 pips  2 pips off the yellow highlighted price levels  take a minute to think about that 2 pips from price levels worked out yonks in advance by a method of a trader from over 100 years ago, that he discovered from studying the Egyptians who built temples to the fact thousands of years prior! OK coincidence? Coincidence  I think not, here's the next chart of the swing UP from 23 We have a LOW of 11704, rally to 12150, low of 11986 and then the swing high #3 at price level 12266 Again we have price finding support and resistance at price levels within pips of the major intersections on the gann sq of 9 OK last swing 34 High of 12266, low 11847, high 11975, low of 11805 I don't think I need to say anymore From 11805 here's the square of nine numbers to which the market might find support/resistance from (Remember the YELLOW lines are the major points to watch)  IF 11805 is the swing LOW The square of Nine is more deep than this  the positioning can be important too  for instance 1st gann sq of nine chart above in the post, follow the numbering from the 11835 LOW around the square until you get to the swing 2 low of 11704  its moved out to the next level but on the same line sequence as the low and up nearly opposite the first low of 11952 and within pips of a major intersection I can tell you that most markets adhere to the square of Nine  however, there's a huge amount of things to look at, consider and apply so we won't go any further into this As with ANY method, do as I've done, test it, if you understand it and it fails, dump it  I could go on showing coincidence after coincidence of the square of nine  I just wanted to show you that there's reasons markets turn at specific points "out of the blue"  you'll get people mentioned support and resistance as throw away comments (usually Fibonacci levels that they don't really understand!) Successful Trading THT

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By Marcraffard · Posted
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Question
jamesleo1
Hey! I have tried my hardest to read as much as I can about this before posting but im stuck. please help
Lets Say the FTSE100 is trading at 7110. To buy a call at 7110 is 20, and the spread is 5. To buy a put at 7110 is also 20, and spread is also 5 (I am trying to straddle)
Now as soon as I buy both of these I am £5 £5 = £10 profit/Loss
I expect that if the market moves up 15 Points, My Short is now £20 (the maximum I can lose), and my Long is now £5 + £15 = £10.
If the market moves back down 15 Points I expect to be back to £10 profit/Loss again
This does not seem to be the case.
What happens seems somewhat random, With me starting out at £10 P/L and ending up at say £20 P/L. How can this happen If I straddle both "at the money" and my strike price is the opening price of the trade, given that both options have the same price and spread?
I know that the various "greeks" determine the opening price for an option, do they also control how much the option moves during the trade? can they change during the trade?
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