Trade Update — GBP/USD So far the Daily resistance level of 1.42 has held up. As of writing this price action has fallen down to 1.4145. There are now several intraday areas of support that need to be taken out. (1.4130-50, 1.41, and 1.40.) ...

Maxsmarts Trading Journal and Discussion

Daily resistance level at 1.42 — The market needs to close below 1.42 today for bearish possibilities to remain. Moving my stop loss back to 1.4250. A close above 1.42 and I will start covering calls @ 1.42 and 1.44

Maxsmarts Trading Journal and Discussion

Sold another call on GBP/USD @ 1.42 — I sold another call @ 1.42 set to expire on the 19th. Premium payed to me $1,890. or 189 pips.

Maxsmarts Trading Journal and Discussion

yes it did. 93 is next resistance

EURUSD

my thoughts exactly. I just need some popcorn.

EURUSD

roflmao

EURUSD

Trade update on GBP/USD — Still looking for the the GBP/USD to break down to 1.37. I see resistance in the 1.4132-50 range.

Maxsmarts Trading Journal and Discussion

EUr/USD profit target hit @ 1.2550 — My EUR/USD profit target was hit @ 1.2550 for a gain of 118 pips. 115 pips after the pip spread so a gain of $1,150.

Maxsmarts Trading Journal and Discussion

More shorts — Adding another lot for the short spot here on the GBP/USD @ 1.4132. Stop loss still at 1.42 and first profit target 1.37. Short Eur/USD @ 1.2668. Stop loss at 1.2740. Targeting 1.2550.

Maxsmarts Trading Journal and Discussion

lol

EURUSD

contemplated covered put — I contemplated selling a put @ 1.4050. and covering the put with a spot. However, that would have capped my gains at about 250 pips and I really see the GBP falling quite alot in the near future. Fundamentals are ...

Maxsmarts Trading Journal and Discussion

Short GBP/USD spot — short @ 1.4067. Targeting 1.37 first. Stop loss @ 1.42. Confirmation of a breakout will be confirmed if todays candle closes below 1.42.

Maxsmarts Trading Journal and Discussion

Exiting GBP/USD position — I'm exiting my short here at 1.4207 here a little early of 1.42. Total pips= 143. So profit from this trade is $1,430 after pip spread.

Maxsmarts Trading Journal and Discussion

Deja Vu — This reminds me of last friday. Huge whipsaws on the Pound and Euro.

EURUSD

GBP/USD — Short spot position @ 1.4350. Targeting 1.42 support. Stop loss at 1.44. Also sold call @ 1.44 to expire the 19th of march. Premium payed to me for call: $2,220, the same as 220 pips.

Maxsmarts Trading Journal and Discussion

Trade updates — Today price action shows the huge importance of defining a breakout as a close on the daily chart breaching the s/r. Huge whipsaws on the eur/usd and gbp/usd last night. I considered selling an at the money put @ 1.4150 last ...

Maxsmarts Trading Journal and Discussion

Take your bets — Anyone think will finally break 1.4150?

Cable Update (GBPUSD)

Computer Problems — I was having computer problems and finally got it fixed today. I've been having to place trades using my phone. Trades I'm looking for: A close on the daily chart below 1.27 for the Eur/Usd to enter short or a retrace to ...

Maxsmarts Trading Journal and Discussion

Options — My Broker is Ikon Global markets and they are custom european style options. Which means I can create my own expiration date, strike price, etc.

Maxsmarts Trading Journal and Discussion

USD/JPY — The Yen seems to be breaking its correlation to equities and is at a critical resistance level on the Daily chart. I am going to take a covered call position to go cautiously bullish this pair. I'm Selling a call @ 95.50 yen and am ...

Maxsmarts Trading Journal and Discussion