Eur/jpy 1,500 pip prediction — If the Eur/Jpy finishes the day and closes above 131.04 which I believe it will. I will buy a call and target the 145-150 yen region. As you can see a break above 131.04 will validate a double bottom on the daily ...

Maxsmarts Trading Journal and Discussion

Look at the Euro go — I've been in since 1.3133 and targeting 1.40. But I won't include it in the money made so far since I didn't post that trade here in this forum. At the time I went long it was because of the break of 1.3070 and I was ...

Maxsmarts Trading Journal and Discussion

Options 24/7 — Actually my broker offers options trading 24/7 and custom options. My only complaint it there is a bit of delay sunday before you can start trading options. It's a couple hours after the market opens. And second, When the pay ...

Maxsmarts Trading Journal and Discussion

Tomorrows pay day... — All my options expire tomorrow and I can finally rake in the dough. Today was huge and completely unexpected. The Fed has shown just how far they are willing to take quantitative easing today. In all they are basically ...

Maxsmarts Trading Journal and Discussion

I'm glad I went long when it broke 1.3070 and out of my shorts.

EURUSD

I definitely don't think the market is currently untradable. And especially those like myself who trade longer term or are already short in the direction of the medium term trend. And if you notice the close on the daily chart below 1.40 and very ...

Cable Update (GBPUSD)

Rally in Equities not to last — Even I think this rally in equities will be short lived and now is the an excellent time to enter saf haven positions such as the dollar and the chf. The Eur/Usd just seems a little funky lately and I did not ...

Maxsmarts Trading Journal and Discussion

Stopped out of short spot Eur/usd trade — -83 pip loss or $830.

Maxsmarts Trading Journal and Discussion

Short GBP/USD spot — Back in short on the pound dollar @ 1.3825. Targeting 1.3520. Stop loss tentatively at 1.40

Maxsmarts Trading Journal and Discussion

1.3880 a good place to re-enter — Base on a fibbonacci retracement from this most recent fall from 1.41 to 1.3740. 1.3885 would be the 38.2 retracement and has daily support about 70 pips behind it.

Maxsmarts Trading Journal and Discussion

Exiting GBP/USD position a bit early. — I exited my short from 1.4067 just now at 1.3753 for a 314 pip gain - rollver costs and pip spread. But basically about a $3,000 profit. Plus the short I closed out from 1.4132 last friday too 1.4089 for ...

Maxsmarts Trading Journal and Discussion

Short Spot Eur/USD — Short Eur/usd @ 1.2687. Targeting Support at 1.2500 level. Stop loss tentatively at 1.2770.

Maxsmarts Trading Journal and Discussion

Daily chart Eur/Usd — You can see the where the 1.27 region acted as both strong support and resistance in the past.

Maxsmarts Trading Journal and Discussion

Why I entered the trade — I sold the call because I don't believe price action is gonna go to far above the 1.27-1.2740 level since that region is a resistance level on the daily chart and fundamentals are still bearish eur/usd. So basically ...

Maxsmarts Trading Journal and Discussion

Selling call @ 1.2750 on EUR/USD — I'm selling a call @ 1.2750 on the EUR/USD to expire in about 10 days on the 19th. Premium payed to me up front: $1,110 or 110 pips.

Maxsmarts Trading Journal and Discussion

GBP/USD end of the week update — We have a very bearish looking candle ending the week. As you can see price action was rejected from the 1.42 level and failed to close above the level in fact it ended up closing at 1.4090. We need to see a ...

Maxsmarts Trading Journal and Discussion

WTF — As glad as I am that I stayed in waiting for an official close above 1.42 and as much sense as this might make on the daily chart. Sometimes price action like this just makes you say. "wtf?" It seems so delayed. Dow is down just a bit. ...

Maxsmarts Trading Journal and Discussion

GBP/USD — As of writing this price action has reached 1.4175. I am expecting a test of the 1.42 region. Hopefully this resistance level holds and reverses price action towards 1.40. If not I will begin to cover my calls.

Maxsmarts Trading Journal and Discussion

This thread has gone to the dogs. Everytime I look at it. It's off topic

EURUSD

GBP/USD update — Price action was rejectected off of the 1.42 resistance level so we are still in a daily trading range between 1.40 and 1.42 waiting for breaks and favoring the downside. Tomorrows nfp announcement might lend more strength to ...

Maxsmarts Trading Journal and Discussion