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Trading options on stocks and indices. Using options to hedge positions and generate income.
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USDJPY
Watching USDJPY closely here during this quiet Sydney session. I'm spotting what looks like a descending triangle pattern forming on the H1 chart, with resistance holding firm around 159.65 and the lo...
2
Apr 07
USDJPY
This current price action reminds me a bit of late 2023, where USDJPY was consolidating for weeks before that big rally. Let's see if history repeats, but the geopolitical situation with the Middle Ea...
0
Apr 07
USDJPY
Actually, after looking again, the volume is so thin right now it's hard to call it a true descending triangle. It's more like choppy sideways action. Might be better to wait for the Tokyo open or som...
0
Apr 07
EURUSD
Watching the EURUSD today, the price has been grinding lower. I'm curious if anyone else is seeing a potential double bottom forming around the 1.1500 support level, especially with the S2 pivot sitti...
2
Mar 27
EURUSD
Further to my previous thought, the lack of strong bearish follow-through on the 200 SMA at 1.15487 is also interesting. If we can break cleanly above the daily pivot at 1.15128 and then push towards ...
0
Mar 27
EURUSD
Hey @codyscott99, I agree that geopolitical risk is the dominant factor right now. That news out of the Middle East is definitely putting a bid under the USD. It's overshadowing the inflation concerns...
0
Mar 27
DXY
Looking at DXY here on the H4 chart. The RSI is definitely pushing into overbought territory, currently around 73. Given the recent spike and that it's above the 200 SMA, I'm anticipating a short-term...
1
Mar 18
DXY
I completely agree with you @HikerAshley. Risk management is paramount. I'm also a firm believer in using stop losses religiously. It's the only way to survive the inevitable drawdowns without blowing...
0
Mar 18
DXY
Wow, DXY just shot up like a rocket. I was watching it consolidate around 99.40, and then suddenly it’s breaking through 99.80. That move feels a bit aggressive given the RSI was already high. Is this...
0
Mar 18
EURUSD
Looking at the daily chart, EURUSD closed right around the 50 SMA. RSI is pretty much neutral too. I'm wondering if this Middle East oil situation will cause some risk-off movement on Monday. Might be...
3
Mar 08
EURUSD
Anyone else think the 1.16 level will hold next week? Or are we expecting a bigger drop due to the oil news? I'm curious what everyone's strategy is going into Monday. I'm thinking of setting some ale...
2
Mar 08
EURUSD
played out like I expected btw, nice 😄 I think the key is going to be monitoring the news flow over the weekend... especially anything related to the oil crisis and the potential impact on the Eurozon...
0
Mar 08
EURUSD
EURUSD looking oversold on the RSI this morning. Could be a short-term bounce coming, but with the news out of the Middle East, I'm hesitant to go long. Might be a good opportunity to buy some cheap p...
1
Mar 02
EURUSD
@suresh9356 I'm not so sure about 1.1830. With the geopolitical situation heating up, risk aversion will likely keep EURUSD pressured downwards. I'd be looking more at the pivot points for potential r...
0
Mar 02
EURUSD
güncelleme: Just to add to my earlier comment, I'm thinking of buying some slightly OTM puts expiring this week. The premiums are pretty cheap considering the volatility we might see. If EURUSD breaks...
0
Mar 02
BTCUSD
BTCUSD looks to be testing the lower Bollinger Band currently. RSI is also deep into oversold territory. Could this signal a potential bounce, or just a continuation of the downward trend? I'm hesitan...
0
Feb 23
BTCUSD
I'm inclined to agree with @daniel1665. This indecision is palpable. The converging SMAs create a zone of uncertainty that makes it difficult to establish a clear directional bias. A breakout above th...
0
Feb 23
BTCUSD
I'm slightly concerned about your proposed long position @EllaRoberts, given the current bearish momentum. While targeting the R2 pivot at 68646.67 might seem logical, the market could easily push low...
0
Feb 23