Depends on your level of talent. — Trading the news can be lucrative depending on the news event and your ability interpret news. I would agree that this news today is not really enough to look for a major swing in the currency.

EURUSD

Sold put on eur/usd to expire next week — I sold a put to expire on the 28th of May. Premium payed to me: 108 pips or $1,080.

Maxsmarts Trading Journal and Discussion

Dollar negative — Members of the Fed were interested in purchasing more of its own U.S. debt. Thats dollar negative. When the U.S. lowere interest rates it buys more if its debt than it sells. When it raises interest rates it sells more of its ...

EURUSD

Long eur/usd — Long spot market @ 1.3769. Targeting 1.40 initially and then 1.42. Stop loss 1.36 It seems we have broken through dynamic resistance on the daily chart at 1.3720. A close above this level for the U.S. session will confirm ...

EURUSD

Its funny I lost faith so quickly... — Its funny I lost faith so quickly after the breakout on the weekly triangle that targets 1.45 and didn't re-enter the trade in the 1.34's. I thought that fundamentally equities looked overly optimisitic ...

Maxsmarts Trading Journal and Discussion

Guess I should have stayed in the pound trade another day — I guess I should have stayed in the pound trade it would have been an extra 2 grand. Long spot eur/usd @ 1.3769 on the breakout. Targeting 1.42. Stop loss 1.36

Maxsmarts Trading Journal and Discussion

Exiting Pound call on 1.55 target met — I am selling the option back for $6,580 premium. So a profit of $3,680

Maxsmarts Trading Journal and Discussion

Longer term chart patterns taking a while due to market indecision — These Longer term chart patterns on the Daily and the weekly chart on the currency pairs have taken a while to play out lately after validation and some have even been ...

Maxsmarts Trading Journal and Discussion

Not entering long here at 1.3470 — I'm not entering long the eur/usd on the Head and shoulders pattern that has been validated on the hourly chart and will soon be validated on the 4 hour chart that targets 1.33 area. In addition, tic data is ...

Maxsmarts Trading Journal and Discussion

Trade updates and a little fundies — Well so far my Yen short positions haven't worked too positively yet except with the commodity currencies, the cad, and the aussie. These are long term positions; however, and they will gain when the ...

Maxsmarts Trading Journal and Discussion

What good is ak-47 gonna do against a man that strangles himself?

EURUSD

Potential USD/JPY Head and Shoulders — The USD/JPY has not been able to take much advantage of the recent rally in equites as much as the aud/jpy, gbp/jpy, and cad/jpy. Now it is forming a potential head and shoulders pattern. The pattern will ...

Maxsmarts Trading Journal and Discussion

Trading entries I'm waiting for — I have a limit buy order to enter the market at 1.3470 on the EUR/USD. limit buy @ 80 yen for the CAD/JPY limit buy @ .7390 for the AUD/USD

Maxsmarts Trading Journal and Discussion

Weekly Eur/USD Descening triangle breakout targets 1.45-1.47 — As you can see we had a clear breakout of the downward trendline making up the top of the descending triangle. A few times, price action has managed to stick its tail beyond the ...

EURUSD

Forum would like to hear more chatter — Even though this is a trade journal. I would like it to be a forum as well and would love to hear other traders thoughts, opinions, and questions.

Maxsmarts Trading Journal and Discussion

Weekly Eur/USD breakout targets 1.45-1.47 — As you can see we had a clear breakout of the downward trendline making up the top of the descending triangle. A few times, price action has managed to stick its tail beyond the line; however, this ...

Maxsmarts Trading Journal and Discussion

Updating. Currently my call which expires on the 14th that I bought with a strike @ 131.00 has only a small profit due to the erosion in time value. I expect some resistance here at this 135 region possibly. I still expect bullish movement to 150 ...

Eur/JPY 1,500 pip prediction

Exiting positions early ahead of weekend — I'm exiting my eur/usd long position early here at 1.3620 for 356 pip profit or $3,560. Also I'm exiting my AUD/USD long position here at .7710 for a 320 pip profit or $3,200. I will look to re-enter ...

Maxsmarts Trading Journal and Discussion

Everything happened as expected — NFP came in better than expected increasing the profit on our short yen positions and, aud/usd, gbp/usd, and eur/usd positions. As long as the euro ends the day above 1.34 which it looks like it will we have a ...

Maxsmarts Trading Journal and Discussion

EUR/USD — Eur/usd is currently at resistance at time of writing in the 1.34 range. I expect a drop to about 1.33-50 by the time of the nfp. If lower expect support at 1.3250. I don't expect the eur/usd to breakout of its 1.3250-1.3430 range ...

Maxsmarts Trading Journal and Discussion