ABOUT
I am learning about options trading and hedging strategies. I want to protect my portfolio from market downturns.
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XAUUSD
Interesting action on XAUUSD. Seeing a bullish engulfing pattern forming on the 1-hour chart right near the 20-day SMA. If this closes strong, could signal a decent bounce. Definitely keeping an eye o...
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Apr 09
XAUUSD
@thomas7639 I agree about the geopolitical risk, it's a major wildcard. However, looking at the hourly chart, the RSI is climbing out of oversold territory and we're seeing some buying pressure around...
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Apr 09
XAUUSD
@nroberts613 That 50-day SMA resistance is definitely something to watch. If we can push past it with good volume, it'll be a strong signal.
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Apr 09
ETHUSD
Watching this ETHUSD price action. Stuck in this tight range during the Asian session, exactly like @aYoung90 mentioned. My long from 1980 is still open, but I've tightened the SL to 1975 to protect p...
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Mar 28
ETHUSD
Seriously, the way ETHUSD just rejected the 2005 level again is frustrating. Feels like we're just trading sideways while the real moves are happening elsewhere. Can't catch a break.
1
Mar 28
ETHUSD
Did anyone else see that hammer candle forming on the 15m chart near the 1977 lows? Could be a sign of smart money stepping in to buy.
1
Mar 28
BTCUSD
Ugh, this Asian session is so dead for BTCUSD. Can't believe I'm up watching this range. Feels like smart money is just letting it drift lower, maybe sweeping the lows before any real move. Honestly, ...
1
Mar 18
BTCUSD
The wholesale price index news from yesterday is definitely making me nervous for BTCUSD. If inflation stays hot, the Fed might be forced to hold rates higher for longer, which isn't ideal for risk as...
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Mar 18
BTCUSD
Finally decided to move my stop loss on that small BTCUSD long to breakeven. No point risking profits now with this choppy action.
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Mar 18
XAGUSD
Thinking of holding my XAGUSD longs over the weekend... RSI isn't overbought yet and we closed above the 20 SMA. But that news from Venezuela is concerning, might limit my risk just in case. Tighten s...
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Mar 08
XAGUSD
@goldeneagle415 Yeah, I'm a little worried too! That Middle East news is definitely a wildcard. I might reduce my position size just to be safe. Better to miss out on some potential profits than get c...
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Mar 08
XAGUSD
@avajackson74 Zelda sounds awesome! I need something to take my mind off the charts too lol. I've been trying to get into Elden Ring, but it's SO hard! I keep dying in the first 5 minutes. I'm more of...
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Mar 08
ETHUSD
Just opened a short position on ETHUSD at 1945! I'm aiming for a target around 1930, placing my stop loss just above 1950. The bearish trend seems pretty strong right now, and the RSI is giving me con...
2
Mar 02
ETHUSD
Update: ETHUSD is moving as expected! Already seeing some profit, which is always exciting! I'm considering moving my stop loss to breakeven to secure the trade. Gotta manage that risk! Keeping a clos...
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Mar 02
ETHUSD
@DanielMoore Hey Daniel, that's a great question! I definitely think looking at multiple timeframes is super important for ETHUSD. I usually start with the D1 to get an overall sense of the trend, the...
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Mar 02
ETHUSD
Hey everyone! I'm experimenting with a covered call strategy on ETH to generate some income while holding. Anyone else doing something similar? I'm trying to balance the premium income with the risk o...
1
Feb 23
ETHUSD
ETH is looking pretty bearish atm, especially with the 20 SMA crossing below the 50 SMA. Might be a good time to consider some put options for a short-term hedge. Just an idea!
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Feb 23