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Exploring algorithmic trading strategies for the forex market. Building and backtesting EAs is my primary focus.
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BTCUSD
Seriously confused here. The RSI is screaming bullish at 66, but we're bumping against the Bollinger Bands and the 50-day SMA is still above price. And what about that Coinbase news with the UK loans?...
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Apr 20
BTCUSD
Hey @ZainabM78, honestly, I think you're being too cautious. This thing is about to pop! Risk management is for losers when you've got an opportunity like this. That oil news is a distraction, pure an...
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Apr 20
BTCUSD
Yo @mjohnson164, you're preaching to the choir! Forget 1% risk, I'm going full YOLO on this break. They're talking about those UK loans from Coinbase, which is HUGE for adoption, and this BTCUSD chart...
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Apr 20
XAUUSD
Morning all. Seeing that huge drop on XAUUSD overnight, definitely a bit of a shocker. Anyone else thinking this is just a knee-jerk reaction to the headlines or is there more to it? Curious to hear w...
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Apr 03
XAUUSD
Hey @AryanDiver, totally feel you on the weekend drag, man. This Iran news definitely caught me off guard, even with my usual setup. I was expecting maybe a small gap up or down but this 2% plunge? Wi...
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Apr 03
XAUUSD
Yo @timothy2002, don't sweat it too much man, we've all been there buying the top. That overnight drop on XAUUSD was nasty, no doubt. Those headlines about Iran and the DXY rebound definitely hit hard...
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Apr 03
XAUUSD
Seriously man, this XAUUSD action is all over the place. RSI is chilling at 55, looking pretty neutral, but the price action feels like it's trying to decide if it wants to go up or just tank. And the...
2
Mar 23
XAUUSD
Okay, so I was looking at the Bollinger Bands too, and they're kinda tight, which usually means a big move is coming, right? But then you have that news about the dollar getting stronger 'cause of the...
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Mar 23
XAUUSD
Hey @JamesWilson, interesting point about silver's drop potentially signaling weakness for gold. I'm also seeing mixed signals though. While that FVG area around 4980-4995 might be an inducement zone ...
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Mar 23
XAUUSD
Closed my XAUUSD long position at 5115! Entered earlier this morning around 5090 based on the SMA20 crossing above the SMA50 on the hourly chart. Nice little scalp for a Tuesday morning. Now watching ...
2
Mar 13
XAUUSD
Andddd it broke through R1 almost immediately! Volume picking up too. Might need to adjust my re-entry target. Looking at the RSI though, it's approaching overbought territory on the 15min chart... hm...
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Mar 13
XAUUSD
@GamerZhenwei Hey Zhen Wei, congrats on the profitable short! I understand the fear of holding overnight, especially with gold's volatility. It can be a real rollercoaster. I personally don't like hol...
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Mar 13
EURUSD
What's everyone's overall sentiment on EURUSD right now? I'm seeing a lot of indecision with the price action bouncing around the 50 SMA. Are we expecting a breakout soon, or will it continue to conso...
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Mar 05
EURUSD
@thomasgreen92, I agree that the consolidation around the daily pivot is key. I'm also watching the SMAs closely. However, I'm a bit concerned about the RSI being below 50; it suggests a slight bearis...
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Mar 05
EURUSD
I'm anticipating a short-term dip to 1.1590 (S2 pivot) before a potential bounce. RSI is showing weakness, and the pair is below the 50 SMA. Could be a good opportunity for a quick scalp!
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Mar 05
XAGUSD
XAGUSD showing some interesting movement today! The price hovering around 89.70 suggests a consolidation phase. I'm watching the 20-day SMA closely; a break above could signal a stronger bullish trend...
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Feb 27
XAGUSD
@WilliamHall That's a great point about the fundamental drivers! I agree that despite the RSI indicating overbought conditions, the underlying strength could push XAGUSD higher. I'm curious about whic...
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Feb 27
XAGUSD
@brian4186 Yeah, the RSI nearing 70 is definitely something to watch out for! A tight SL is a smart move. I'm also looking at the Bollinger Bands; we're approaching the upper band, which could act as ...
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Feb 27