Its been a range bound market the past few days as rumours regarding Greece push up then push down the markets, making it tough to stay in the market too long. Today the rumour of ECB having positive talks with Greece was then denied by German Spokespersons creating wild swings, and even after tomorrows announcement, it will not be the end of the saga as rumours will continue for this never ending rumour mill which is Greece's fate in the Eurozone.
Trading wise my long Short Sterling Spread in Mar17Jun17 worked out for 1 tick profit, getting out at 9s on the back of the Strong NFP data, I'm looking to get longs 8s again if the opportunity presents itself.
I'm still short Dax via options, and hoping for a leg down before Feb expiration, however I will look to roll over to Mar if it doesn't happen, as I do think it will drop from these lofty levels, but playing via options cause you cant under estimate the power of QE.
Looking forward I'm liking selling Eurodollar Spreads on every rally, whilst continuing to go long Short Sterling Spreads. I will also be looking to initiate negative delta trades in Indices on any continued rally for a Scalp.
Trading wise my long Short Sterling Spread in Mar17Jun17 worked out for 1 tick profit, getting out at 9s on the back of the Strong NFP data, I'm looking to get longs 8s again if the opportunity presents itself.
I'm still short Dax via options, and hoping for a leg down before Feb expiration, however I will look to roll over to Mar if it doesn't happen, as I do think it will drop from these lofty levels, but playing via options cause you cant under estimate the power of QE.
Looking forward I'm liking selling Eurodollar Spreads on every rally, whilst continuing to go long Short Sterling Spreads. I will also be looking to initiate negative delta trades in Indices on any continued rally for a Scalp.
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