Resistance at 1.27 on daily chart — My reason for entering this trade was. Resistance visible on the Daily chart. I may just close out some of my positions at 1.2565 and keep the rest open for a run on 1.2330.

Maxsmarts Trading Journal and Discussion

Shorter term trade than Usual. — Short Spot @ 1.2715. Stop loss @ 1.28 targeting 1.2565. Not a perfect risk to reward ratio. Trade at your own risk.

Maxsmarts Trading Journal and Discussion

Might look for a covered call @ 1.23 if it gets there — Watching and waiting fore breaks in the market. On the DJI. Looking for a close on the daily chart below 7500. And a break below 1.2550 on the eur/usd to target 1.23. I may enter short on ...

EURUSD

Still out of the market — Watching and waiting fore breaks in the market. On the DJI. Looking for a close on the daily chart below 7500. And a break below 1.2550 on the eur/usd to target 1.23. I may enter short on a support bounce to the 1.27 ...

Maxsmarts Trading Journal and Discussion

why?

EURUSD

I agree with you there I exited today at 1.2565. For the 1.25-2550 support. I might re-enter at 1.27 to taget 1.23 possibly. Well see. If Equities close below 7500 I'll definitly jump in there.

EURUSD

Not being sarcastic, being serious — As you may know Jay I have a habit of being a bit sarcastic and keeping to myself mostly. But I was just curious as to why you feel the USD will weeken and return to the 1.40 levels. I trade longer term ...

EURUSD

On the Daily chart there is support on the 1.25-1.2550 region. A break of that opens things up to 1.23. And we have Resistance at the 1.27 region.

EURUSD

i'm boring now — Exited 1.30 put for about 250 pip profit, since the option expires on the 19th might look to enter short again on the spot if it retraces to 1.27 or breaks below 1.23. The Dow is sitting right on support levels with the S&P ...

EURUSD

Nevermind I'll just be boring — Exiting Put Eur/USD @ 1.30 premium $4,720. Profit= about $2,500.

Maxsmarts Trading Journal and Discussion

Discontinuing Thread — I'm discontinuing the thread since it's pointless to share my success with others forex factory has made clear. They support Racial slurs and not a little humour.

Maxsmarts Trading Journal and Discussion

Things I learned — Overall for the Eur/USD I believe I should have acted in a more nimble fasion and opened a spot positon in the 1.30 resistance region and a short call to last a week at 1.33. I should have looked to take at the 1.27 support ...

Maxsmarts Trading Journal and Discussion

Trade Update — GBP/USD option expired worthless for +182 pips. loss from spot trade was 98 pips. Overall trade profit: 80 pips= $800 for GBP/USD. Still in Put position for Eur/USD targeting 1.2550 region. It should be interesting to observe ...

Maxsmarts Trading Journal and Discussion

Brutality — Brutal

EURUSD

Support Bounce — It looks like the eur/usd isn't gonna even close below 1.2850. We might see a bullish bounce to about 1.32-1.33 now.

EURUSD

Cloe below 1.2850 crucial — We need at least close on the daily below 1.2850 today to sustain a bearish momentum. 1.27 support is holding up pretty well. I am short because of the fundamentals but technically if we don't get a more aggressive ...

EURUSD

Thats what I'm thinkin too. I'll just be surprised if it doesn't with how much Obama is pushing it.

EURUSD

Stimulus — Stimulus vote tonight. If its approved which it probably will be we might see a big gap up on the eur/usd.

EURUSD

Trade #4 — Stopped out of short spot position @ 1.4560. for 98 pip loss. Reverse order executed @ 1.4560 for long position to cover call @ 1.45.

Maxsmarts Trading Journal and Discussion

Interest Rates — Well obviously thats not the case that since currency trading is all about currency rates at the present time. That is why the Yen has been the strongest currency for about a year now. Because traders are running to a lower ...

EURUSD