Not much going on right now. One of the biggest mistakes I used to make trading (currencies, stocks, options, futures, etc.) was when noting was really a good trade, i would still try to force a trade, to come up with reasons to get in. I used to ...

Predicting Short-Term Direction and S/R Using Indicators

I know some don't like trading only 10+ pips and shoot for that 100 pip move, but the way I look at it, if I want to make more money on a trade, I just increase the lot size. The trade above was going to do exactly what it did regardless of whether ...

Predicting Short-Term Direction and S/R Using Indicators

Well, that was fast....

Predicting Short-Term Direction and S/R Using Indicators

Here is a different pair on a 30min chart. Should be a quick trade....

Predicting Short-Term Direction and S/R Using Indicators

Goal was met on this one, also. Original chart included.

Predicting Short-Term Direction and S/R Using Indicators

Well, goal was reached. Original chart included.

Predicting Short-Term Direction and S/R Using Indicators

Looking at the 4hr chart, there is a support level worth watching to end the trade. I added the original chart to make it easier to follow.

Predicting Short-Term Direction and S/R Using Indicators

And since they are somewhat related, here is one for the GBP/JPY Daily.

Predicting Short-Term Direction and S/R Using Indicators

I've started a new thread under Trading Discussion, that way I am not clogging up this thread with charts and stuff. It is called: Predicting Short-Term Direction and S/R Using Indicators

Forex - A negative sum game for losers

Here is one from the Daily chart on EUR/JPY. I typically wait until the top of the hour to open a trade, so I can see what all the charts are saying. I've noticed the Daily chart is a very good predictor of the overall direction, but during the time ...

Predicting Short-Term Direction and S/R Using Indicators

Well, this went quicker than expected, so I'll see if I can't find one that has a little time on it.

Predicting Short-Term Direction and S/R Using Indicators

For some reason, I could not get this picture to post correctly last night, but I think I figured it out. Anyway, going along with what I said above about using EMAs and BBs as support/resistance to get in/out of trades, it did indeed go to the ...

Forex - A negative sum game for losers

Well, let's give it a shot... The first chart is just nothing but price. I can't tell which direction it may go from that, others might be able to, but I can't. The second chart is with indicators. I predict it will go down, most likely to the 10EMA ...

Forex - A negative sum game for losers

By 3/14, I believe you will be right on the money, TF.

Let's Trade Options

Not sure when your BD is, but the Weekly chart for SPY, though not perfect because of the gap on the Daily, looks like it might get to ~490-ish in about 2-3 weeks. Again, problem with the weekly chart is that a lot can happen in 3 weeks....

Let's Trade Options

In the following: ECL Mar15 220 PUT at $2.10 Let's see the power of the weekly chart on this one.

Let's Trade Options

Well, there are several worth looking at to get into before the close, but I have all that I want open at once, and I doubt I close any tomorrow, so it would just be a waste of time for me to watch them all day since I probably won't trade them. ...

Let's Trade Options

Got hit on a Hail Mary Bid I had forgotten I had out there until the alert at the close, so added to the following: AKAM Mar15 115 CALL at $0.20, bringing the average down to $0.36, because good or bad, I now have a cubic buttload of it! Plenty of ...

Let's Trade Options

Open trades: GE Mar1 147 PUT at $1.54 ROKU Mar8 70 CALL at $1.235 avg RL Mar15 170 PUT at $0.84 avg AKAM Mar15 115 Call at $1.99 AKAM Mar15 110 CALL at $1.67 WM Mar15 200 PUT at $1.20

Let's Trade Options