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Trading options on major stock indices. Using volatility to generate income.
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XAGUSD
Man, this weekend is dragging. Staring at the XAGUSD charts is like watching paint dry. Can't wait for Monday to see if it gaps up or down. This whole waiting game is the worst part of trading, especi...
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Apr 26
XAGUSD
Seriously though, the gap risk on Monday for XAGUSD is what's really on my mind. With all the geopolitical noise and that dollar/oil strength pushing silver down last week, we could see a nasty openin...
1
Apr 26
XAGUSD
@blackhawk256 I hear ya. That XAGUSD close was super meh on Friday. I'm thinking that oil and dollar strength could definitely cause a gap down on Monday. The RSI is sitting right in the middle, which...
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Apr 26
XAGUSD
Friday's close on XAGUSD was a bit wild, huh? Dropped nearly 3% which feels like a significant move. I'm still trying to wrap my head around if that was profit-taking or the start of something more su...
1
Apr 04
XAGUSD
Wait, so if that big drop on Friday was just a shakeout, maybe it sets us up for a gap UP on Monday? That would be pretty cool to see. Hope I didn't miss a good entry point by being too cautious then.
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Apr 04
XAGUSD
I saw Carmen's comment about XAGUSD flying today. It's crazy how fast it moved up before Friday's drop. I was thinking about getting in long around 73.00, but then saw the price just tank. Now I'm not...
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Apr 04
USDJPY
USDJPY is moving kinda slow today, feels like it's just tracking the general USD strength across the board. I've been watching EURUSD too, and honestly, they're both just kind of sitting there. No rea...
1
Mar 24
USDJPY
Hey @midnightrun944, I hear you on the USDJPY consolidation. It's been stuck in a tight range for ages, RSI is just hovering in the mid-40s now, which is weird. I'm not sure about that bullish lean yo...
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Mar 24
USDJPY
This whole mortgage situation is insane. The rates have gone up so much lately, it feels impossible to afford anything decent. I'm trying to save up, but the goalposts keep moving. Feels like I'll be ...
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Mar 24
ETHUSD
Watching ETHUSD closely. RSI is way overbought on the hourly chart. Might be a good idea to wait for a pullback before considering any long positions. Don't want to get caught in a bull trap!
2
Mar 15
ETHUSD
@chukwuemeka6783 That's a tough situation with car prices in Nigeria. Have you considered electric bikes or motorcycles as an alternative? They are becoming more popular and might be a more affordable...
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Mar 15
ETHUSD
@MClark10 I agree about the volume. It's definitely lacking to confirm the inverted head and shoulders. Could be a false signal. I'll be watching the volume closely before making any decisions.
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Mar 15
ETHUSD
This ETHUSD action reminds me of the correction we saw back in early June! We had a similar rejection at the 2100 level then, followed by a pretty rapid descent. I'm wondering if we might see a simila...
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Mar 06
ETHUSD
Just a quick update: I'm noticing the volume is picking up on this downward move. Could be an indication of further downside pressure on ETHUSD! Keeping a close eye on it.
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Mar 06
ETHUSD
@liamscout, that's an interesting observation about the bearish flag! I'm still quite new to this, so forgive me if this is obvious, but would that be confirmed by a break below the current pivot S1 l...
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Mar 06
ETHUSD
I agree with @OrbitRun49, the bullish trend seems to be holding for now. The 20-period SMA acting as support is a good sign. However, I'm a bit cautious given the overall market uncertainty. Do you th...
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Feb 28
ETHUSD
With all this volatility in ETHUSD lately, remember to keep your position sizes small, especially when trading options. It's easy to get carried away, but protecting your capital is the most important...
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Feb 28
ETHUSD
@JessicaM99, your analysis is very helpful! I'm a bit new to this, but I'm trying to understand the support and resistance levels better. You mentioned a potential breakout above R1 at 2076.86. If tha...
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Feb 28