Did you ever confirm if this statement from the course is true or not?
“There is an alleged rule regarding option barriers that I have stumbled across over the years. I have not confirmed it, but I have heard some people say that in order for a barrier to be taken out, the market needs to trade at the barrier price/level at least three times and in over $5 million dollars. If that criteria is not met, then the barrier is still intact.”
I suspect it is a reasonable rule that they have, but I have not confirmed it. Even if I did know 110% for sure what the answer was, I don’t think it changes my trading in any way. I can’t possibly see how it would add to anyone’s maximum opportunity set, other than those traders at hedge funds that are heavily engaged in such option trading activity.
I believe it was useful information to put into the Mastery Course at that moment in time whenever I completed that lesson years ago.
With the Option Barrier portion of the course, I really tried to take it to the next level with regards to efficient use of the option barriers, how to find them on the chart, the critical mindset elements regarding the option attack and defense, etc. I believe I took it as far as I could. Even then, compared to the news/sent/fund/macro order flow, the option barriers don’t generate as much order flow. The general rule is that the news/sent/fund/macro accounts for 50-95% of the identifiable order flow and price movement in the forex market. The option barriers and stops are generally only 5-25% of the price movement. On a few critical occasions and times of the year on special day’s when the market is nearing a big option barrier level, then the identifiable option activity percentage can increase. But that is only on a few occasions during the year.