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What I was thinking here is that many studies such as regression channels, bollinger bands, moving averages, etc often are based on a standard deviation away from an average. When price reaches beyond 2X standard devation from value it is telling us something. I not only track 2X standard...

I have elected to close the USDJPY trade at 117.43. I am going to watch value building at this level for now. Update to follow. Total profit on this trade was $12,400. DRT

Wednesday evening update.. Short 50 contracts EC at 2850. Today's close 2699. Covered 30 contracts at 2757. Up 93 ticks per contract or $34,875. Covered 10 contracts at 2747. Up 103 ticks per contract or $12,875. Still Open 10 contracts from 2850. Up 91 ticks per contract or $11,375...

Currency Currents from Jack Crooks

Glad you asked. Now we can talk about something I understand. We had a decent day yesterday, but not what I expect on a beautiful fall day on the Chesapeake Bay. Well now, if you have ever fished up (down, sideways?) this way you would get a laugh out of this. We were all set up chumming (this...

I do not use Market Profile. I simply watch price distribution for a normal daily session in 30 minute increments. It is not the same thing. No volume stats, etc. If I was using MP. I would open with Asia and close it at 11:00 AM US session. Clear as mud I guess. DRT

I will have to go back and find the referene for this. I made a copy of this and it either came from Dalton's, Mind Over Markets, the CBOT intro course or Steidlmayers books. I can not remember exactly but this is all I have ever read on MP. Here is the entire text Days Normal Day –...

Okay.

I am not sure I understand your question?? When you say "where do these stats come from?". My charts are just a graphical representation of the price distribution of the currency or futures discussed. Be sure to look at the charts I post closely. Some are monthly, some weekly and some daily...

When trading price distribution it is important to understand that A NORMAL day occurs 62% of the time A NORMAL variation day occurs about 20% of the time These two types of distribution on the curve make up 82% of all your trading days. Do not forget this. A TREND day only occurs...

Many times I consider a day like today a positioning day. US Data at 8:30 and 10:00 will shove prices to extremes and the options related flows help move things also.

12:19 USD/CAD: 1.1120/25 Holding the Line] Boston, September 27. Pressure remains on the 1.1120/25 area support with dealers reporting the usual M&A flows as well as quarterly portfolio rebalancing helping keep the CAD firm. US hedging was spotted earlier this week at those lows, but recent...

Canadian Dollar Trade Overview CANADIAN DOLLAR FUTURES TRADE (CD) I am still hanging in on my Canadian Dollar Futures Trade but I need a move down soon or I will get out. Below is a MONTHLY distribution. The magenta line marked "M River" around the 8979 area is the key here. I need a...

Here's is a short term distribution for the BP

BRITISH POUND FUTURES TRADE THEME I am not sure if there are any other traders of British Pound Futures in this hemisphere, but I a looking to re-establish a short position on a move back up thru 1.8954 area. The theme of the trade would be to have a profitable short position as we move...

EURUSD Update We got down thru the 2720 midrange area of the 2830/2580 North and South zone and closed below here today. I am watching the 2720 area for now. I think we may test this again. If we break above 2720 and build value, then we will likely test the 2730 high again. If we continue...

Tuesday evening update.. Short 50 contracts EC at 2850. Closed at 2741. Covered 30 contracts at 2757. Up 93 ticks per contract or $34,875. Covered 10 contracts at 2747. Up 103 ticks per contract or $12,875. Still Open 10 contracts from 2850. Up 109 ticks per contract or $13,625...

The USDJPY is at a critical point (as usual). We really need the 116.85 area to contain the dips or we may likely trade back down to 116.27 area. If this level holds, then we will likely head up to the 117.50 area to test value here. I am going to stay long, but there is a good chance we may...

GONE FISHING Check back later tonight. DRT

I decided to take another 10 contracts off at EC 2747. I will let the remaining 10 run, but I see signs of a test of the midrange level again. I will look to reset on a move back to there or on a break down and pullback to the current level. DRT