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- Maxsmart replied Apr 9, 2013
Finally we have the Monthly USD/JPY chart showing the YEN continue to weaken and we are closing in on our initial target of 100 and then our next target is 104 and maybe we may also see 110 this year although momentum will most likely slow after ...
- Maxsmart replied Apr 9, 2013
Here is an update on Gold with a Daily chart of Gold in USD terms. As you can see it has continued to bounce off of the 1550 support level and it has continued to rally today above the 1562 level that we bought at in the Futures Market. We are still ...
- Maxsmart replied Apr 9, 2013
Here is year chart of Gold/JPY.
- Long Gold/JPY Trade idea on JPY QE next few months
So Whats the deal with Gold lately? Gold has been in a channel for almost 2 years now since May ...
- Maxsmart replied Jun 25, 2012
Cautiously Long — I'm cautiously long with one Lot and here is why. Looking at the monthly channel we have been in a channel with support at 1.22-1.25 and resistance at 1.50. So I'm buying on a play up to 1.30 to 1.32. Also the central banks ...
- Maxsmart replied Aug 25, 2011
I'm Taking a Contrarian View — I know most people are expecting the SNB to push this pair up to about 1.20-1.23 But I just bought OTC Put with a strike @ 1.15 on this pair for a 188 pip premium to expire on September 15 with my first target at ...
- Maxsmart replied Jan 31, 2011
[TRADE ENTRY] 1/31/2011 GBP/USD Short — Fundamentals & Intermarket: Currently the DOW is facing resistance at the 12k level and has encountered profit taking from traders due to the robust steep uptrend that it has been in for quite some time. ...
- Maxsmart replied Jan 16, 2011
My EUR/USD Trade Setup for 1/16/2011-1/21/2011 — I have attached a daily chart of the EUR/USD. Fundamentally: I think that the fundamental outlook of the EUR/USD is still fairly balanced between a case for a bullish EUR/USD and a bearish ...
- Maxsmart replied Sep 14, 2010
Might wanna hold on till 1350 to liquidate that Gold position — long gold here @ 1265 target order 1350. with stop loss @ 1230. About a 1:3 risk to reward ratio. We have gotten a break above resistance. A close above 1265 will confirm the ...
- Maxsmart replied Aug 23, 2010
High volume selling — High Volume selling on the SPY going into the close
- Maxsmart replied Aug 18, 2010
Dow up Euro lower — So the Dow and S&P are now positive. In fact the Dow is +50 from a swing low of about -70 and the EURO is actually lower as it was trading at above 1.29 and in the 1.288's now that the market has gotten higher. When the ...
- Maxsmart replied Aug 11, 2010
Obiwan That Deathcross is still Operational! — Obiwan that Deathcross is still Operational!
- Maxsmart replied Aug 8, 2010
GBP may go to 1.66 — GBP/USD may be heading to 1.66. Strength in the equity markets, a quick turn around in European sentiment from the EURO possibly breaking up to "the fears were completely overblown," and most importantly the market ...
- Maxsmart replied Aug 2, 2010
Right at Resistance — I still think it depends on how the week closes. Here is a chart of the SPY. We are bumping up against resistance. Look at the Low Volume today though. Even though we are seeing a large move. Let's see if we break ...
- Maxsmart replied Jul 19, 2010
Cautiously short — Short 112.57 limit order @ 109.00 stop order @ 113.50 risk: 93 pips potential reward: 357 pips The reason for this trade is the strong resistance that the EUR/JPY has at 113 and the channel that has formed. Additionally, the ...
- Maxsmart replied Jul 5, 2010
Retracement to 0.382 but not the end of Bear trend — I think that we have violated the neckline of the inverted shoulders and we are on our way to 1.30 or possibly 1.32 (the bottom of the consolidation in May) after we break 1.26 However, I do ...
- Maxsmart replied Jul 2, 2010
Asset reallocation could undermine any safe haven flows until 1.30 — I say long to 1.30 at this point. We've clearly broken the head and shoulders and the jobs was not enough of a surprise. Additionally, the USD is not benefiting from its safe ...
- Maxsmart replied Jul 1, 2010
Who knows — Depending on his trading strategy a long here may not be crazy. Additionally depending on the way you draw your neckline for the head and shoulders we have already violated it on both the eur/usd and USD index One could place their ...
- Maxsmart replied Jul 1, 2010
Broke Wedge — Broke out of wedge on the 30 min. The charts say Bull but the Fundamentals say Bear. I'll stick with the charts. The USD doesnt seem to be benefiting from risk aversion anymore for the time being. Its a good idea to be ...
- Maxsmart replied Feb 1, 2010
30 min. S&P chart mini. — Here is a 30 min. chart of the mini S&p. its pointing down from earlier. Not much of a change though.