The Fed is intent on more hiking and the US economy is overheated, so naturally the USD is going down. Hopefully you understand fundamentals now. This will continue until enough people are stopped out on their USD long trades.

Cable Update (GBPUSD)

The Real Path to Profits 1. We want to make money trading. 2. We know most people fail. 3. We know even really smart people fail. 4. We know trading success is not just about technical analysis and intelligence. All truths by my reckoning. What if ...

The Finance Book Club

The Phantom of the Pits by Art Simpson This book was apparently never formally published, and released for free on several websites. I'm not sure the version I have is 'official'. It's a bit of a Socratic dialogue between the author, Art Simpson, ...

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Chapter10 - Squeeze Play II and LEAPS Surrogates Again Summa changes his exit rules making it nearly impossible to compare his systems. Is any potential improvement due to the rule change or due to the addition of LEAPs? The LEAPS are meant to ...

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What does '25' mean in this context?

Let's Trade Options

Chaper 9 - Sentiment Squeeze Play 2 Naturally, since Summa has us on the hook now, he’s not going to let us off easy. Instead he’s going to tantalize us further with his next system. SP2 is all about trying to apply SP1 to individual stocks, not ...

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Chapter 8 - Squeeze Play I: Pulling the Price Trigger image “I am a big believer in the KISS (Keep It Simple, Stupid) philosophy. This applies as much to my trading systems development and testing as it does in my money management techniques and ...

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Chapter 7 - From Statistical tests to sentiment trading system “The CBOE equity-only option put/call ratio was used for a measure of options trading crowd sentiment in the system tests. An EMA5-21 oscillator was used as an entry screen. Performance ...

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Chapter 6 - OEX Options - Is this a Smart Money crowd? Short answer: yes. They are relatively more correct than equity-only options traders. Traders should avoid using them as a contrarian signal.

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Chapter 5 - Does the entire group of options traders get it wrong? Short answer: no. The equity-only put/call ratio is better because some index traders get it right.

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Chapter 4 - The Options Trading Crowd at Extremes “Equity-only put/call ratios have the most intuitive appeal for sentiment technicians looking to keep a finger on the pulse of the nonprofessional crowd, the most likely traders to make common ...

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Chapter 3 - Will the real put/call ratio please stand up? The put/call ratio has been modified with variable results in various forms. CBOE weekly put/call ratio - 1985 to present ‘Most’ traders consider the daily number more effective Fixed levels ...

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USD going nuts and the markets aren't even a little fussed over it. Very interesting.

Dow Jones

Chapter 2 - Measuring ‘Joe Options Trader’ Sentiment Summa takes aim at options traders as lacking market acumen. They are so bad at trading, he says, that despite tech advances they will likely remain a good source of sentiment data. Put/Call ...

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Chapter 1 - Reflections of a Contrarian on Investor Psych The trend is your friend, but what about when it’s about to end? Market sentiment is the most important force in market moves, not fundamentals. This derives from the ‘greater fool’ theory of ...

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I must have overlooked that. Is this the 'hi/lo' rule? BUY when the previous 2 days high price is above our notable price level? SELL when the previous 2 days low price is below our notable price level?

Notable numbers strategy

It must have been a page caching issue. I see it now.

Notable numbers strategy

image I think I understand how the levels work. They are at a fixed distance of 100 pips but at any value that ends in 66 (for EURUSD)? In that case I wonder why the first trade in the list is a buy (2023-01-06) when price moved up to reach the ...

Notable numbers strategy

image Apologies if my questions are intrusive. I just want to understand. In this most recent signal, the entry was taken last week and would have exited profitably on 2022-03-02 ~18:00, I believe. Why is it status: waiting? Also it says pips: 10 ...

Notable numbers strategy

I think we have a different definition of round number.

Notable numbers strategy