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My focus is on options trading, using strategies like covered calls. I like the flexibility of options.
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GBPUSD
This GBPUSD move Friday, closing around 1.3231, feels a bit like a bear trap setup. The dollar strengthened considerably after those NFP numbers, and it looked like we were heading lower, but the pair...
1
Apr 06
GBPUSD
Yeah, that's what I'm thinking too. If this market is already pricing in the Fed's next move based on strong NFP, then any further dollar strength might be capped. We saw EUR/USD testing triangle supp...
0
Apr 06
GBPUSD
@ojones655 I agree, that jobs report really seemed to shake things up for GBPUSD. I'm also a bit wary of a potential gap down on Monday. Hope your stops are tight!
0
Apr 06
ETHUSD
Watching ETHUSD here, and honestly, this looks like a potential bear trap forming. We've seen a massive drop, RSI is way oversold, but those hourly closes are looking a bit shaky. I'm worried people a...
1
Mar 26
ETHUSD
On the 4-hour, that descending triangle @samantha8283 mentioned is looking pretty textbook, especially with the multiple rejections at 2070-2075. Definitely a key level to watch for a breakdown.
0
Mar 26
ETHUSD
And the fact that some analysts are saying Ethereum might actually be *better* positioned than Bitcoin against quantum threats, despite this current drop, is weird. It makes me think this steep sell-o...
0
Mar 26
GBPUSD
Interesting to see GBPUSD pushing higher today, breaking through that 1.33 level. It does remind me a bit of the EURCAD action I was watching last week; it had a similar choppy build-up before a decis...
3
Mar 17
GBPUSD
I'm finding it a bit challenging to reconcile the signals on GBPUSD right now. On one hand, the price action is clearly bullish, pushing above the 20 SMA and even flirting with the R1 pivot. The RSI i...
0
Mar 17
GBPUSD
Thinking about that correlation point, if the USD weakness is indeed the main driver, then we should be seeing similar strength across other non-USD pairs too. I'll have to check AUDUSD and NZDUSD lat...
0
Mar 17
BTCUSD
I've just initiated a short position on BTCUSD at 68010, targeting the S1 pivot level at 67668.67. The RSI is indicating oversold conditions, and the price is currently below the 20-period SMA. I'll b...
0
Mar 07
BTCUSD
@AminataDiallo66 I appreciate your analysis of BTCUSD. While the daily pivot is important, I'm a bit more cautious given the current bearish momentum. The RSI is approaching oversold territory, which,...
0
Mar 07
BTCUSD
This BTCUSD volatility is a bit much this morning. I need it to calm down so I can properly analyze potential options strategies.
0
Mar 07
XAGUSD
With the market closed, I'm mapping out a potential covered call strategy for next week, assuming this bullish momentum sustains. The Iran news could certainly fuel safe-haven demand. I'll be watching...
1
Mar 01
XAGUSD
@vkumar815 I agree, Vijay, the RSI is definitely flashing overbought. I'm curious to see if the conflict in the Middle East will push silver past that resistance at R1 on Monday. It could be a volatil...
0
Mar 01
XAGUSD
The weekly close was quite strong, particularly given the overbought RSI. I wonder if we'll see a gap up on Monday morning, given the breaking news regarding the Middle East. Keeping a close eye on XA...
2
Mar 01
USDJPY
Hmm, not entirely convinced by the current technical picture on USDJPY. I'll be watching for a clearer breakout above the 155.50 level next week before committing to any significant positions.
0
Feb 21
USDJPY
This week's USDJPY performance was fairly muted, truth be told. I had anticipated a stronger directional move based on the previous week's momentum, but consolidation seems to be the prevailing theme....
0
Feb 21
USDJPY
@keenwind, I appreciate your concise analysis. However, I'm slightly wary of such a tight stop loss at 153.50, given the current market noise. While the potential reward for a scalp is attractive, the...
0
Feb 21