image Nice ride in the trade as it's getting on dog days of summer. Going nowhere in my long trade, still trading the 1.1400 to 1.1600 range, Where I am making bank is in the options market. The theta decay is paying nice income on the options I ...

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image Staying with the 1.1400-1.1600 range now for the summer. I got some longs on the last down leg at 1.1400 but not at 1.1350 because I had changed my trading plan. My next add was scheduled for 1.1300;-( Now if we revisit 1.1350 again, I will ...

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image Looking at the charts and I am adjusting my range for summertime trade. The 1.1450 area looks mighty strong. So this will be my turning point The next time it hits that area I am going to stop and reverse on a lot of positions and hold for ...

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image Sorry for being off topic last couple days. Back to trading. The trading range is shrinking now. Looks like the summer slow season is right on time. I am thinking the trading range 1.1400 to 1.1600 is where I will be operating in this ...

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Thank You, Twocans! That was well said, better than my rambling. It is much easier to learn today than when I started out. Watching Wall Street Week with Louis Rukeyser. Reading the business section of the daily press and using the prices of ...

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I was posting about price and price levels. You are talking about time duration or time levels. I sense you are just starting out? This thread is for discussions in interactive trading so I don't want to bore others traders here and I will be brief. ...

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Sorry my bad! I was thinking SPX, it's increments of 5. The FXE is in increments of 1. On retail forex you enter the 5 pips. Right now 1.1545 to short at 1.1550, 1.1505 to long at 1.1500. Back test it yourself first to make it your own;-) Happy ...

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image If more FED members start to speak of rate hikes, we can see 1.1400 area I like 1.1415. Even lower but the movers have to be sold on this. I am in the habit that to secure a fill in the round numbers, I always add or subtract 5 pips. For ...

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image Price jumped out of the channel with conviction! I managed to pick up 1.1500 and 1.1550 tickets so averaged in as the trade plan dictated. At lest I followed my plan;-) But I do not like the price dropping out of the range and (I assume) ...

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My Bad! Sorry, I did not mean to interrupt! NB

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I used to trade headlines back in the Y2K and 9/11 days but really only works for day trading. My swing trading style now is looking beyond the chatter. I have more time for day trading but no longer the passion it takes to succeed. Day trading ...

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Covered short exposure. Went long at 1.1602. Holding for 1.1650 where I get shorty again. I will add on dips to 1.1550, and 1.1500. Stop out below 1.1400. Giddy-up! Happy trades to you, NB

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Js3mwtRc, I am set for summer. Still working trades in other markets as they show up. I have been trimming long term trades in currency as it's a sideways market for my timeframe. Just going to play the ranges in cash and options to hedge;-) Cheers

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image As expected, the trade is probably going sideways for the summer. Let the summer boredom trade begin. Selling at 1.1650. buying at 1.1600. See you in September! Unless something happens, I will be ...

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image Trimming some winners since we broke the 61.8, around 1.1657. With the options roll today, I expect more downside due to fundamentals favoring USD in Interest rates. I have to roll off some longs hedges also as position size have been too ...

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image Is it rising in a channel or forming a bear flag? Happy trades to you, NB

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image That was disappointing. I trimmed the hedges yesterday around this same price same time and watched the wins add up. 24 hours later all the profits are gone. Sitting tight. Unless 1.1580 Happy trades to you, NB

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image Should be good to go (DOWN;-) as the Powell presser should be more on inflation and less on employment. The PPI is not a factor for US economy. The important number is CPI and that has been falling. The rising costs in freight rates and the ...

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image Looking for the 38% in the 1.1250 target before we get a pullback from downtrend. A lot of movers caught on wrong side as the table pounding trade for 2026 in international markets. The need to hedge exposure plus the reset in rate cuts ...

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image Structure is still similar for Jan-Feb 2018-2026 this year so I am expecting a green candle this month. I think the war issues, Russia against Ukraine, Pakistan against India and Afghanistan and USA and Israel (so far) against Iran got the ...

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