Fed purchasing u.s. securities today. should be weakness across the board

EURUSD

the trendline is drawn strangely — The downward trendline looks drawn strange to me. But not matter which pattern you believe it to be. A significant close on the daily chart below 1.3150 would signal a bearish breakout. And a head and ...

EURUSD

We are at the neckline — We are at the neckline of that most debated about Head and Shoulders pattern here at 1.3165.

EURUSD

I love when it falls like this so beautiful.

EURUSD

so where are we going exactly?

EURUSD

Stop loss hit on eur/usd long position — Trailing stop hit at eur/usd long position at break even.

Maxsmarts Trading Journal and Discussion

Exiting USD/JPY long early here at 100.80. — I'm exiting my USD/JPY long early because of market jitters. Will probably re-enter on the dip.

Maxsmarts Trading Journal and Discussion

Earnings week — This is earnings week. Earnings are likely to be poor. Lets see if the markets continue to ignore the poor economic data. Reactions will probably be positive since expectations are so low. I would love to see another divergence ...

Eur/JPY 1,500 pip prediction

140-141 Next resistance level — 140-141 is the next significant resistance level. I expect some consolidation in between 135 and 140 when that level is hit before moving further towards our 145 target.

Eur/JPY 1,500 pip prediction

Weekly decending triangle — The COT definitely gives me an alert especially when a currency pair is trading in a consolidation range as it is on this descending triangle on the weekly chart. However this recent rally that we have in the dow ...

EURUSD

Long Spot USD/JPY — I'm going long usd/jpy here at 99.59 targeting 102 resistance initially. After that I will target 104. Stop loss at 98.

Maxsmarts Trading Journal and Discussion

Volatile currency. But former resistance at 134.50-135 should serve as support — Placing a stop on this pair is tricky business because of the volatilty. Thats why I opted to use an option to guard against this volatilty. As you can see I ...

Eur/JPY 1,500 pip prediction

Long spot eur/usd — I'm long eur/usd @ 1.3427. Im targeting 1.3640 with stop loss at 1.33. Will keep Eur/usd put running in case risk aversion kicks back into gear since we are at the 8,000 resistance zone on the dow.

Maxsmarts Trading Journal and Discussion

Resistance — As big as these moves look and as great as everything looks we are still right at resistance on the yen crossess and the dow. I think how the week finishes out will tell us alot. Looking at the chart you can see that this pair ...

Eur/JPY 1,500 pip prediction

What a roller coaster — After my call being practically worthless with the drop down to 126. It is now 200 pips in the positive. It should be interesting to see how we close out the week with nfp and the g20 announcement later. We are at ...

Eur/JPY 1,500 pip prediction

Great book

EURUSD

And you guys say to put that lloyd guy on ignore.

EURUSD

Yen gainst the most from the open — The yen is gaining the most across the majors due to risk aversion. I had thought that this relationship was gone for the time being due to the condition of the Japanese economy and Japanese exports; ...

Eur/JPY 1,500 pip prediction

Low volume on Dow rally. Increased volume on Dow's fall — Forgive the quality of this chart, I just noticed it on marketwatch.com while reading an article and I noticed the technical diverence on this chart. I went ahead and drew in the lines ...

Maxsmarts Trading Journal and Discussion

or exiting short positions

EURUSD