Weekly decending triangle — Here is the descending triange on the weekly chart. I will be watching for breaks. So much politics. Hopefully we don't get a whipsaw like it appears we may have gotten on the EUR/JPY. Analysts are saying that the ...

Maxsmarts Trading Journal and Discussion

Short GBP/USD spot — I am opening up a short spot position here at 1.4196 to target support at around 1.37.

Maxsmarts Trading Journal and Discussion

EUR/USD and GBP/USD — I expect big losses on the GBP/USD and the EUR/USD tonight during the london session. I think we will see 1.31 on the EURO and a testing of 1.40 for the Pound.

Maxsmarts Trading Journal and Discussion

EUR/USD put position — For the put that I have on the EUR/USD I am targeting support at 1.25. I think the EUR/USD put does a good job offsetting the EUR/JPY call. And since I can't lose more than the premium payed this should work out well. If ...

Maxsmarts Trading Journal and Discussion

Stopped out EUR/JPY spot positions at 1.29 — I was stopped out of Eur/JPY spot positions at 1.29 for about -$4,300. I'm leaving my call option open however. I still see some support at around the 1.27-1.28 region on the daily chart. However, I ...

Maxsmarts Trading Journal and Discussion

Thanks man same to you.

Eur/JPY 1,500 pip prediction

Sold put — I sold a put at 130 to expire on the 16th as well.

Eur/JPY 1,500 pip prediction

Strike @ 132 and expires April 16th. And I'm trading spot as well with the trend but taking profit at resistance areas.

Eur/JPY 1,500 pip prediction

Or maybe it was a correction to support at 131 in this steep uptrend — I'm not too familiar with pin bars. But I see no evidence for bearishness unless there is a close on the daily chart below the 1.3050 region. We have been in a very steep ...

Eur/JPY 1,500 pip prediction

have you taken any profit yet smoothtrader? And are you still in it?

Eur/JPY 1,500 pip prediction

Thats why I'm glad I bought a call — I'm glad I bought a call so I don't have to worry about the short term volatility like todays correction day. I still have 23 days left on it. We finally broke above the short term downtrend line and on the ...

Eur/JPY 1,500 pip prediction

Adding 5 mini lots onto my long EUR/JPY position — I'm adding 5 mini lots onto my long EUR/JPY position here at 1.3167

Maxsmarts Trading Journal and Discussion

I am getting a Bearish bias for the EUR/USD — With the extreme weakness in the eur/jpy today in comparison to the other Yen crosess, and this common thought that the U.S. Is going to lead us out of the recession. I'm buying a put with a strike ...

Maxsmarts Trading Journal and Discussion

Backing away from your average USD pair for the time being — The reason why I'm backing away from your usual eur/usd, and gbp/usd pairs. Is that there are alot of factors, and politics at work right now on those pairs. For instance, it still ...

Maxsmarts Trading Journal and Discussion

Approaching resistance zone — We are approaching some resistance.

Eur/JPY 1,500 pip prediction

COT on the crosses? — On the discussion of the COT. I was pretty sure actually that institutional investors switched net long on the usd/jpy last friday. Are you talking about data concerning net yen long and short positions. I didn't there ...

Eur/JPY 1,500 pip prediction

Yep, probably won't be a straight line. — I don't expect it to be a straight line. Looking at the daily chart I expect some resistance at around the 135 level. However, longer term I think it will play out. I'm bought a call to protect against ...

Eur/JPY 1,500 pip prediction

Daily chart resistance — Looking at the daily chart. 135 should be the next resistance level. May look to take profit there for spot.

Maxsmarts Trading Journal and Discussion

Long eur/jpy — I'm buying a call on the eur/jpy to expire on the 16th of April @132. Premium payed for the call: $3,020. Selling a put @ 130. Premium payed to me $1,710. Long spot on the Eur/jpy 132.07

Maxsmarts Trading Journal and Discussion