Looks very strong on the weekly chart - next possible points of resistance I'm seeing on the weekly are: .7902 from week of 6/6/2016 .8025 from week of 5/2/2016 if it gets above those two then there is nothing but air above this thing until .8386 from week of 5/11/2015
Mav, if a trader wants to get long on a monthly A-up, do you think it is reasonable to sell near-term puts with a strike right below the monthly A-down? Attempting to benefit from the time decay, etc. Thanks for any input.
FX options are notoriously cheap. Selling premium for anything further then ATM is going to be a waste.
Where do you guys get your data from? Any recommendations? I need at least 15m intraday for 5 years or more. Been using IB's free 1 year data then just found out that they have some corrupted intraday data...notable on Jan 5th 2017...all the data from before 10:30 AM are missing for certain stocks.
I use Sierra Charts for charting. Like you I use IB data for futures and stocks, but stocks are position trades and I don't score them. SC Package 5 has FXCM FX data included which is what I use as SC doesn't link with Oanda. If I ever moved away from IB data, I'd use the SC Barcharts offering. Can't remember costs but I think it is very competitive with eSignal and way cheaper than DTN-IQ feed. Long time since I compared the prices so don't take my word for it. I don't day trade so I don't worry too much about tick data.
I used kibot to get my long term historical data, and esignal for daily updates. I've read bad things about kibot tick data but minute data seems fine.
I was short USD/CAD in early June around 1.35 I think and took profit at 200 pip because I was just wanting to trade something else...All my ACD stuff told me to hold it but I was bored. I'm automating more and more of my decision making to hopefully take my stupid brain out of the equation at some point.