Bella, Steve, Gman, Roy, Charles and the rest of the SMB team would like to wish you an abundance of friends, happiness, and fun this holiday season. May 2011 be another prosperous year full of joy and happiness. Thank you for your continued readership, we look forward to another fun year.
Asian Session- Pre London FX Thoughts
I sit here in my living room watching the news about the election results and I can’t wait for the volatility ahead of us in the next 24 hours. Technically things appear to point for a lower dollar as seen in the chart. The weekly time frame shows signs of a messy consolidation-indecisive action with a wide range, the hourly … Read More
Early Morning Thoughts – FX
The $EURUSD run seems to have temporarily ran out of steam. We had rejection at the top of the trend channel on the hourly chart near the 1.4030 area and put a nice reversal setup in place. For this am we are ranging early in the European session 1.3920 by 1.3945. Expecting heavy volatility to pick up below 1.39 or … Read More
Forex Blogging
howdy everyone! I know it has been a while since I contributed here. Between my late summer vacation and other projects I have simply just been running around like a mad man and haven’t been following my blogging schedule. yikes. I am still working on the content for that school of algos 101 blog theme so don’t think I have … Read More
Trading Thoughts & Afternoon Shenanigans
What an interesting session today. Came in short a healthy amount for what I usually take home overnight. The economic data this am at 8:30 made it a little uncomfortable to hold but I had my plan. Lifting and holding above 1100 on eminis I had to be flat, that was my line on the sand. Luckily there was a … Read More
A little fun – No need to complain more about HFTs
Days like today make me wonder why we often complain about HFTs so much. I mean think about it. All you had to do was do the following: 1. Buy SPYs at 103.02 on the open at risk below 99c. Ultimate piker play 2. Buy BIDU at 69.80 and risk below the magic 75c level 3. BUY AMZN at 111.05 … Read More
School of Algos 101: Intro Class
I received great feedback about this idea. And since I am asking for feedback and help of all you readers I think a great place to start is defining the algos I see all the time. Please leave comments if you see any subsets or any other algos you see often (let’s leave the creative name ones out for a … Read More
From the mail bag – Setting Targets on a Second Day Play
Question from a reader sent on June 4th, 2010: hi, guys! i want to ask u a specific thing about trading crm on the open today. crm was very strong yesterday, 93 – huge support. Due to weak market the stock opened below 93 and started to bounce on strong tape. i bought some at 93, sold 94. i made … Read More