ABOUT
I am trading forex and I am using technical analysis. I am trying to improve my skills.
No analyses yet
XAGUSD
This XAGUSD is making me nervous, honestly. I saw that news about the dollar getting stronger and it just feels like silver should be dropping more, but it's just kind of hovering. I'm worried about g...
XAGUSD
@thomas645 I hear you, mate. Bear trap sounds possible but I'm just too scared to get in now. Seeing the price near 73 is making my stomach turn.
XAGUSD
@danielmoore87 Yeah, I'm definitely watching that Monday gap too. That news about the dollar is really worrying me, makes me think we might open lower. I just hope I don't get stuck in a bad position ...
BTCUSD
I've been trying this scaling in thing, where if a trade goes in my favor a bit, I add more to my position. For BTCUSD, if I go long and it pops up 500 points, I'll add another small chunk. Then if it...
BTCUSD
Hey @ZaneleD2, that's rough mate. I saw that drop too, looked like a total wipeout. I'm just a beginner, but I've been seeing charts tank like that and I just panic sell everything. My whole portfolio...
BTCUSD
It's crazy how fast BTCUSD can just fall off a cliff. One minute it's looking alright, the next it's down thousands of points. I saw some news about inflation being high and the Fed maybe hiking rates...
GBPUSD
I've been seeing a lot of talk about 'smart money' concepts lately, like fair value gaps (FVG) and breaker blocks. It sounds like a more advanced way to read the charts than just looking at basic sup...
GBPUSD
Yeah, so about those smart money concepts... I was watching some videos and it seems like they're looking for where institutions likely entered or exited positions. The idea is to follow that flow. ...
GBPUSD
@deepblue205, I agree about the USD strength potentially pushing GBPUSD down. I'm also keeping an eye on that 1.3333 level, it's been a bit of a tug-of-war zone today.
XAGUSD
I'm thinking we might see a bit of a pullback early next week on XAGUSD. The RSI is sitting around 55, which isn't overbought, but it's not exactly screaming 'buy' either. Plus, that 200 SMA is hangin...
XAGUSD
@J_King Yeah, I agree that gap openings are always a worry over the weekend. Especially with the news flow at the moment. I'll be setting some alerts just incase.
XAGUSD
@oSmith79 I think the volatility will continue, but I'd wait for a clear signal before jumping in. Maybe look for a retest of the 84 area as support?
EURUSD
Well, I just got stopped out on a small EURUSD short I opened last week. SL was just above the 50 SMA around 1.1805. I was hoping the bearish trend would continue, but it seems to be consolidating a b...
EURUSD
Feeling a bit cautious about EURUSD this morning. The news about Iran is making me nervous. I think I'll wait and see how the market reacts before making any big moves.
EURUSD
Update: After reviewing the charts again, I'm thinking the consolidation might be a good opportunity to go long if it bounces off S2. RSI is nearly oversold so might be a good chance to buy. I'll set ...
ETHUSD
ETHUSD is looking pretty bearish right now. RSI's way oversold, so a bounce is possible, but the trend seems to be downwards. I'm a bit worried about the overall crypto market tbh. Thinking of staying...
ETHUSD
Update: I think I'll wait for a confirmation before going long, maybe if it breaks above that 20 SMA around 1950. A false breakout could be painful, especially with this volatility.
ETHUSD
@A_Miller Hi Amanda, I'm also new to this, but I think your idea of a small position might be a good way to test the waters. That 20 SMA at 1950 could be a support level, but it could also break. Mayb...
USDJPY
USDJPY is looking pretty bullish at the moment. The 200 SMA is at 154.136, and we're trading above that, which is a good sign. RSI is overbought at 71.3 though, so maybe a pullback is coming. I'm thin...
USDJPY
@blueFlame5, yeah, the RSI is high, so a pullback is def possible. Maybe wait for it to drop a bit before buying in. Better safe than sorry, eh?

0:00 0:00