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I'm a forex day trader and I spend hours watching charts and looking for patterns.
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EURUSD
Watching the 200 SMA around 1.1745. It's been holding as support on the daily, but we're seeing some chopiness today near the 1.1780s resistance. If we can't break above that and the dollar keeps weak...
0
Apr 20
EURUSD
Hey @BrittanyM31, I saw your comment about trusting your gut and 100x leverage. Honestly, that makes my palms sweat just reading it. I'm intermediate level and even risking 1% per trade feels risky en...
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Apr 20
EURUSD
Hi @jasmin7253, I feel you on the EURUSD confusion. The tight Bollinger Bands do suggest consolidation, but with this kind of session activity, breakouts are always a risk. The news on ECB rate hikes ...
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Apr 20
ETHUSD
Still holding this ETHUSD short from yesterday, it's down about 150 pips now. Moving my stop loss down to 2090 just to lock in some profit, though I'm a bit nervous about the overnight session. Don't ...
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Apr 03
ETHUSD
Watching ETHUSD closely around the 2050 level. It's flirting with the 200-day SMA here, which is currently sitting around 2053.86. If we can't hold this zone and break below it decisively, I'm expecti...
3
Apr 03
ETHUSD
@jose2451 Interesting take on ETHUSD. I'm also keeping an eye on that 20 SMA displacement mentioned. However, given the volatility we saw earlier, I'm more focused on the immediate support around the ...
0
Apr 03
XAGUSD
This XAGUSD price action is really something else. I've been watching the 50-day SMA and it's sitting around 69.47, so we're currently below that. The 20-day SMA is at 66.33, which is looking like som...
1
Mar 23
XAGUSD
Hey @lily98, I see you're thinking about scaling into shorts. I agree, this whole situation with inflation and the Fed making noise makes me nervous too about going long. Price is hovering right aroun...
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Mar 23
XAGUSD
And that 66.33 SMA is really acting as a pivot point right now, price keeps bouncing around it. If it breaks decisively below that, we might see further downside pressure. Always a bit nerve-wracking ...
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Mar 23
XAUUSD
I always set my stop losses based on the ATR. It adjusts to the volatility of XAUUSD, so I'm not getting stopped out prematurely by noise. Usually aim for 2x or 3x the ATR value. Risk management is th...
2
Mar 13
XAUUSD
Also, I never risk more than 1% of my account on any single trade. It's tempting to increase it when you're confident, but that's how you blow up your account. Discipline above all else. Going to bed ...
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Mar 13
XAUUSD
@SkierJunaid I understand the frustration with those fakeouts on XAUUSD. Gold can be brutal. Have you considered looking at volume confirmation in addition to RSI? Sometimes a spike in volume can conf...
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Mar 13
XAGUSD
Observing XAGUSD, it appears to be testing the R1 pivot point around 84.87. A successful break above this level could signal further bullish momentum, potentially targeting R2 at 85.59. However, failu...
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Mar 05
XAGUSD
@MelissaH1 I concur with your assessment regarding the bearish signals. The decline below key moving averages is certainly concerning. I'm also closely monitoring the lower Bollinger Band. However, th...
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Mar 05
XAGUSD
@oclark916 It's good to hear you're learning and gaining confidence! Remember to manage your risk and focus on consistent gains, even if they're small. Keep it up!
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Mar 05
XAUUSD
XAUUSD is currently exhibiting bearish tendencies, with the price hovering around 5174. A break below the S1 pivot at 5171.17 could signal further downside. However, the RSI is neutral, so a potential...
1
Feb 27
XAUUSD
@hunterbaker I agree that discipline is key. Hesitation can be costly in this market. Perhaps consider setting tighter stop-loss orders to manage risk and avoid emotional decision-making. It's also wo...
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Feb 27
XAUUSD
I concur with your assessment, @michael87. A sustained break above 5200 would indeed be a bullish signal. I'm also watching the Bollinger Bands for potential breakout confirmation; the upper band is a...
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Feb 27