Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets

August 7, 2011 by  
Filed under Books

Product Description
While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of t… More >>

Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets

Questions from an Options trading beginner.?

September 16, 2010 by  
Filed under Option Trading

I’d like to start trading in the Options market but I have a long way to study before I start. I have several books written by various authors and the optionetics videos and books from ebay.
I would appreciate some advice please.

1. Any recommendations on Gann books to read?
2. Recommendations on software esp if it’s free but if not, what is the most comprehensive?
3. Are there any programs or websites where you can make dummy/practice trades to see exactly how to do it and what your outcomes may be from the strategies you have used.

Thanks Capitalist Agent. That reference is fantastic! Cheers!

How do you determine risk reward for out of the money option spreads?

September 10, 2010 by  
Filed under Option Trading

Using greeks, i can ascertain the probability of an option being exercised. How can I use the probability and volitilty to determine the best risk/reward option to trade? I have been trying delta neutral strategies – do you think that is a valid approach?
Thanks Zman. I was hoping you would answer. It’s clear you have expertise. Do you have a suggestion where i can learn more depth on options as you have? I’ve read many books. . . . are you willing to mentor?

going back to the question. If i adjust Implied vol to determine the current option prices – doesn’t the associated delta reflect the probability? Do you you always adjust your trade to delta neutral?

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