Are option traders welcome here? Using theta decay and what little knowledge I have trading the FX majors as my only edge trading the silver market. I can also draw fancy lines and things. image

But - this morning after the ECB meeting, EUR/USD went up, however Gold and Silver went down?

Hello I am new to trading metals and am trying to understand what are the variables and catalysts that affect their price - in particular gold and silver. I was wondering if you could clarify your comment in simple, layman terms. Generally speaking, ...

Going up? image

UJ and 10-yr treasuries aren't typically that disconnected. I think large institutions or banks were having there way with bears last week. I will have to be more cautious moving forward. H4: image

Yeah you said it. I need to stop holding positions overnight (when I'm asleep).

The fact that it was still floating up even after FOMC is what seemed off to me. When I saw that, and RSI pretty high towards overbought levels, I increased my short. Still popped up ¯\_(ツ)_/¯ Still holding my short position. Hope you are right and ...

Good call - how did you know it was going to pop up?

Advanced GDP missed forecasts this morning and 10yr treasury futures are starting to cool off. Hopefully the downturn continues for those of us bearish on UJ. GDP: image H4 /ZN: image H4 UJ: image

Fed Rates unchanged. RSI rising, near 66%. Price is testing resistance at 104.203. H4: image

Waiting for FOMC before entering on USDCHF or USDJPY - I also have a bearish bias, but expect some short term upswings.

Took profits on this morning's candle, just prior to the NY session open. It is probably safe to hold, but who knows what will happen after FOMC tomorrow? Better to take the money. Will re-enter a long position after Wednesday or if there is a ...

Upside down head-and-shoulder pattern? Currently neckline is support. H4: image

Are you waiting for a cross below the pivot or expecting a bounce?

EURUSD should be back on course (up) after FOMC meeting on Wed. Support zone (demand) between 1.2074 and 1.20381 H4:

Busy week ahead for the USD - FOMC meeting/press conference, Fed Funds Rate, Advance GDP, and Unemployment claims. Looking back, the US 10yr has been trending up since Jan 12th, however UJ has been steadily continuing it's downtrend. I cannot ...

After this morning's reaction to flash manufacturing PMI, I tend to agree with you.

Cross below 103.508, then increase my short position, otherwise wait for further retracement. I am still bearish on this pair over the next several months, if not the entire year. H4: image

Can someone help me, if it is at all possible, to setup my "weekly fib" pivots on tradingview, the way OP describes it? OP mentions trading in zones 61 - 100, but on my pivots my support and resistance levels are marked as simply S or R (support or ...

So are traders less likely to get whipsawed in the FX market moving forward, Is now the easiest time to trade the trend more than ever? I Honestly had a good year last year, but it didn't take a lot of skill to realize with all the Fed printing, ...