Market sources tell us there is in fact a 1.2550/1.2850 DNT in play but it is held by a Mid-East account rather than China. Traders note good selling from a Swiss private bank toward the highs as well as from a big German name.
24 Responses to “1.2550/1.2850 DNT confirmed”
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AUTOREFRESH 
So chances are good it won’t go over 1.2850, right?
You take your chances, Suzanna
Not necessarily… It means one side (the guys who sold the DNT) have all the incentive in the world to push it through…the guy who owns it has all the incentive to keep it below…
lots of time we go a few pips above the strike price and then stall though….
I understand the risk, believe me. I just want to be sure I am interpreting the information correctly.
Thanks Jamie. What does DNT stand for exactly?
Just pulling your leg Suze.
Check out the forex jargon in the menu at the top
http://www.forexlive.com/forex-jargon
what is dnt
2 posts up jeremy =)
Gosh, hard to hold that level at this point. Just pips away (and they lose it all if it goes above 2850??)
Plus this:
http://money.cnn.com/2010/09/01/markets/premarkets/index.htm
Markets are going to POP at open. Dow up over 100 points
hmm .. time to take a risk
…with tight s/l …heuhue…
Hi Jamie ,
My charts are going crazy on EUR/USD ….saying short short short !!
Harmonics are all over … although it is just a technical analysis , it is very strong indication …
oops. Went over just now. So the guy who bought the option just lost or must it stay above that point until a certain time?
oh already break ? .. so if already break, price will move higher right ? cool
i’m short EU @ 1.2848
SL at 1.2857
it just went to 1.2855
target 1.27
Gosh, it really just depends on who has the more money to reinforce their position. Money makes money. But that totally sucks for the ones who bought the DNT, wish they had defended better!
i think once its breached either way they loose the money on that one. But im sure they quantify how much it would cost to defend, vesrus what they think the market will do, no point defending it if its likely the euro will be trading higher soon.
wow sabtrader, so tight stop loss… but long range target …
They are short near the highs, Suzanna,,,now they can buy back on dips….
..is it take 5?..are they gonna shoot up again?..mmmm..
hi Suzanna,
i guess that’s just it. and jamie said it was a mid east acc. on first thought, “money” is not something they lack, hehehe. they are the sort of beings that is not reluctant to go to such “war”. It’s exhilarating JUST listening to you guys talk about it.
That’s true Jamie, now they can profit from all the shorts they made defending the position as it goes down. I hope we’ve seen the high of the day (week) in any case… I’m exhausted! LOL
There’s still the ISM in 20 minutes if i’m not wrong…
omg, I forgot there is more coming. Sigh….