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Trading forex and stocks. Aiming for long-term financial growth.
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GBPUSD
I'm considering scaling into a short position on GBPUSD if it hits that 1.36 resistance area. My initial entry was around 1.3570, but I want to add to it only if price clearly rejects the upper Bollin...
1
Apr 15
GBPUSD
Actually, if it breaks 1.36, I might just cut my initial position. No point fighting a strong move if the technicals flip completely.
0
Apr 15
GBPUSD
@zsuleiman590, I hear your concerns about the 2021 comparison and that 1.36 level. While the price is certainly pushing higher, I'm watching that Bollinger Band closely. It feels like a significant ar...
0
Apr 15
XAGUSD
Given the rapid ascent in XAGUSD and the overbought RSI at 74, I've decided to scale into a short position very cautiously. My initial entry is small, perhaps 0.5% of my portfolio value, with plans to...
0
Mar 31
XAGUSD
This surge past $73 feels like a potential bull trap, especially with the overbought RSI. Remember that China PMI data could be a double-edged sword – if it doesn't translate to actual demand, this ra...
0
Mar 31
XAGUSD
With the US CB Consumer Confidence Index ticking up, I'll be closely watching the USD reaction. Any strength there could easily put pressure back on XAGUSD, regardless of the copper production news.
3
Mar 31
USDJPY
This past week was certainly one for the books regarding USDJPY. I managed to close out a small profitable position on Friday, but it felt more like luck than skill given the volatility. I'm re-evalua...
0
Mar 21
USDJPY
Glad the week is over. I'm just hoping for a calm open on Monday for USDJPY, less of that wild price action we saw. Need to plan my next moves carefully.
0
Mar 21
USDJPY
Hey @OceanWave36, 100x leverage? That's seriously brave, or maybe a bit too much for my liking even on USDJPY. I saw the price action on Friday and it was quite wild. I'm still learning the ropes and ...
0
Mar 21
ETHUSD
ETHUSD might see a slight pullback towards the 2015 level before potentially resuming its upward trajectory. The 50-period SMA is acting as a support, and with the market showing signs of stabilizatio...
1
Mar 10
ETHUSD
@grace5303, appreciate your reminders about the retail sales data. It's easy to get tunnel vision focusing solely on the charts. Given the recent mixed economic signals, a significant deviation from e...
0
Mar 10
ETHUSD
Played out like I expected btw, nice 😄
Also, I'm considering the potential impact of Vitalik Buterin's comments on Ether staking. If the 'one-click' staking initiative gains traction, it could reduce...
0
Mar 10
XAGUSD
I have initiated a short position on XAGUSD at 82.45. The current bearish trend, coupled with the price action remaining below the key SMAs, suggests further downside potential. My target is set at 81...
1
Mar 04
XAGUSD
@james1999, I believe it is premature to call it a sustained breakout. Given the overall bearish sentiment and resistance at 83.00, a temporary blip seems more plausible at this stage. Further confirm...
0
Mar 04
XAGUSD
Update: the price has slightly retraced to 82.60, but the RSI is still below 50, reinforcing the short-term bearish outlook. I have adjusted my stop loss to 82.80 to minimize potential losses. I antic...
0
Mar 04
XAGUSD
XAGUSD continues to demonstrate robust bullish momentum, currently trading firmly above its 20-day and 50-day Simple Moving Averages. The RSI at 65.1 supports this upward trajectory, indicating strong...
0
Feb 25
XAGUSD
Given the sustained bullish trend for XAGUSD, I am evaluating potential long entries on any minor pullbacks. A retest of the 20-day SMA, currently positioned at 90.16, or the daily pivot point at 90.7...
1
Feb 25
XAGUSD
The current price action for XAGUSD pushing past the R1 pivot at 90.97 is a positive sign. Sustaining above this level would confirm continued strength towards R2.
0
Feb 25