Sive Morten
Special Consultant to the FPA
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- 18,771
hi Sive , as always thanks for your free time .....a general question .....the forward market is currently around 30/35 pips lower than the spot market i think ? so just to be clear ...we need to add on that sort of difference to get a true reading of your calculations and level and charts , is this correct please ?
If you draw the areas corresponding to the same timing on your chart you should be able to have it right there for you.
Hi Dharma,
Joshnix is right, think about my charts in terms of areas, that I've marked rather than quotes.
This is not correct to add just fix number of pips, because it becomes lower when contract comes closer to expiration In fact, futures price lower due difference in % rates between EUR and USD till the expiration date (~3 month). Since time reduce till expiration, this difference also will become less.