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I am a forex trader, focusing on day trading and scalping strategies. Aiming for small, consistent profits.
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XAUUSD
Watching the XAUUSD chart around that 4795 level, which is the 50 SMA. I'm looking to scale into short positions if we break below the S1 pivot at 4792. My entry would be on a confirmed candle close b...
4
Apr 15
XAUUSD
Adding to that, I’m also keeping an eye on the RSI. Currently at 45.4, it’s not giving strong oversold signals yet, but a move below 40 would definitely strengthen the bearish case for a short-term pu...
0
Apr 15
XAUUSD
Alternatively, if price action fails to break below the 50 SMA and S1, and instead finds solid support there, I might consider a small long scalp. This would require a clear bounce off 4792-4795, with...
0
Apr 15
BTCUSD
Given the current choppy action and the 50-day SMA acting as resistance around 67123, I'm scaling into a short position here. My initial lot size is reduced by 30% compared to my usual entry risk. I'l...
0
Mar 31
BTCUSD
Hey @MusicEmeka, it's normal to feel anxious with open positions during sleep hours, especially when starting out. The price action around 66k is indeed indecisive. Keep your stop losses tight and man...
0
Mar 31
BTCUSD
Spot on @ghostline324. This rally feels engineered. RSI is hovering around 60, but the 200-day SMA is still overhead resistance at 68393. I'm not buying this bounce; expecting a retest of lower pivots...
0
Mar 31
XAUUSD
Markets closed for the weekend. I'm mostly concerned about the potential gap risk on Monday morning for XAUUSD. Given Friday's sharp drop and that news about geopolitical tensions, we could see a sign...
3
Mar 21
XAUUSD
Also, that news headline about the Persian Gulf tensions really caught my eye. It's the kind of event that can inject serious volatility into gold prices, especially over a weekend when there's no tra...
0
Mar 21
XAUUSD
Hey @isuraya300, I saw your comment about the M15 inverse H&S. While I appreciate the observation, on the daily chart, the overall picture remains quite bearish. The price closed below the 200 SMA on ...
0
Mar 21
EURUSD
I've been scaling into EURUSD positions lately to manage risk. I typically start with 25% of my intended position size, then add another 25% if the price moves 20 pips in my favor. If it goes against ...
2
Mar 10
EURUSD
@eoghenekaro479 Fibonacci retracements can be tricky on EURUSD, especially now. I'd suggest using them in conjunction with other indicators like the 50 SMA or 200 SMA to confirm potential reversal zon...
0
Mar 10
EURUSD
This EURUSD consolidation reminds me of the pattern we saw back in early 2023. Price was stuck in a tight range for weeks before finally breaking out to the upside. RSI was also hovering around neutra...
1
Mar 10
ETHUSD
Observing a potential descending triangle forming on the H4 chart for ETHUSD. The series of lower highs combined with a consistent support level around 1970 suggests a possible bearish breakout. Confi...
2
Mar 04
ETHUSD
Update: The 50 SMA is currently acting as dynamic resistance, coinciding with the upper trendline of the descending triangle. A rejection here would further strengthen the bearish bias. I'll be lookin...
0
Mar 04
ETHUSD
Breakdown confirmed. Short position initiated at 1985, SL at 2000. Targetting 1960. Will update.
0
Mar 04
XAGUSD
XAGUSD showing robust bullish momentum today, price pushing past R1. RSI at 67.9 on the D1 is strong but nearing overbought levels, which suggests caution for new long entries. I'm watching for a pote...
0
Feb 25
XAGUSD
@ZainabI40 While the bullish trend in XAGUSD is evident, buying at current levels around 90.90 for a long-term investment might be risky. As a daytrader, I focus on short-term movements. For beginners...
0
Feb 25
XAGUSD
Anyone else observing potential exhaustion in XAGUSD on the shorter timeframes like H1 or M30? The current ascent is strong but I'm seeing some minor bearish divergence on the RSI as we approach the 9...
0
Feb 25