Weekly AuD & NzD Report PDF from WestPac Bank url

AUD/USD

United States is observing Veterans Day/Canada is observing Rememberance Day... allegedly. Usd/Jpy has offers ahead of both the 99.50 and 100.00 lvls as a result of No-Touch exotic option protection under those levels.

USD/JPY Discussion

Gbp/Usd has retail buy stops clustered at 1.6025-30

Cable Update (GBPUSD)

Its on my trade explorer. Short at 9496 & 9500, using the bears above 9500 to place my stop behind @ 9517. Now that the option has expired, I expect A/U to go lower as that option was keeping the pair well-bid.

How FX options can affect spot price heading in to expiration

Half an hour away from expiration and Aud/Usd is stuck to .9500 Option said to be worth around 1 Billion AUD.

How FX options can affect spot price heading in to expiration

Because it looks cool? Dont know, dont care. There is nothing in that indicator that isn't already on a historic price chart. Your broker's platform is taking the time price has been at a level and marking it, calling it market profile when there is ...

EURUSD

On spot FX though? Volume isn't accurate, or they're using Time by Price instead. I know what a MP indicator is. I know what it shows as well.

EURUSD

market profile charts which rely on volume.. on a decentralized exchange? Doesn't make sense to me, or is this a different indicator.

EURUSD

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How FX options can affect spot price heading in to expiration

I do, what's that have to do with spot FX?

EURUSD

Are any traders here trading that way? There are options exotic/vanilla that give very large traders the incentive to protect a level but once that trade has expired, the S/R level is gone. Traders will still try to trade it but are helpless without ...

EURUSD

Dealers report when very large players/banks enter their orders on the market. Of course they sell this info at a price but there's free info that can be found online. Free info isn't the best, but works OK. Usually the higher the price, the more ...

EURUSD

Support/Resistance trading would be using the past to predict the future. If a large entitiy has pulled its offers, price will break though a former resistance level rendering any TA useless. Future or "potential" S/R is what is ment to trade.

EURUSD

Trading by price movement in areas where known buy/sell limit/market orders await in the direction of sentiment.

EURUSD

Its dangerous to know that the Eur/Usd exchange rate will drop 1000 pips from where it is. What will make the dollar strengthen that much against the Euro though? The USD is the reason the Eur/Usd exchange rate is high right now. Market makers that ...

Need a little fix for that trading plan

96% win rate for the acct traded for 10 days, 95% in the account that was traded for 2 weeks, 82% in acct that was traded for less than 2 months. Obviously these aren't consistent bc the longer you trade, the further they drop. Try making consistent ...

Need a little fix for that trading plan

The FOMC did not announce SepTaper on Sept 18th. Everything rallied against the US Dollar that day. I don't see any market sentiment triggers in trade entries or exits, only based on historic price action. Are we to just trade the off the charts?

Elite Trading Method

Looks as though you're averaging losers which let ride as they don't have any stop losses and cutting any winning trades short. Try to make consistently positive pips. Once you can achive that, then manage your lot size, optimum R:R, ect. Right now ...

Need a little fix for that trading plan

Sounds interesting. I'm open to this idea Chicky.

Elite Trading Method

300-500% is annual is very possible. Super hard to handle the psyche if one is new to trading though. From my experience, trading for losses kills the compounding interest machine (obviously). I try to focus on just making positive #'s. No averaging ...

What do you think about 300-500% annual profit?