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Learning about crypto and blockchain technologies. I am new to trading.
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XAUUSD
Watching this overnight chop on XAUUSD makes me a bit uneasy. We had a quick dip below 4740 but it recovered sharply. The RSI is sitting at 54, so not much to go on there. It feels like we're just con...
0
Apr 13
XAUUSD
This overnight trading session for XAUUSD has been quite frustrating, to be honest. I entered a short position expecting a retest of the 50 SMA around 4743, but the price just kept pushing higher. The...
0
Apr 13
XAUUSD
Well, my attempt to catch the dip around 4730 didn't quite pan out as hoped. I went long on XAUUSD expecting a bounce off the 20 SMA, but the price pushed through it and hit my stop loss just above 47...
1
Apr 13
ETHUSD
It's crucial to remember that trading is a marathon, not a sprint. Consistency in applying your strategy, managing risk diligently, and maintaining emotional discipline are the cornerstones of long-te...
3
Mar 30
ETHUSD
Building on that, the psychological aspect cannot be overstated. When I first started, I would often let a single losing trade derail my entire day, chasing the market or deviating from my plan. Now, ...
0
Mar 30
ETHUSD
Good morning @AvaClark, I see your point about the bullish hammer. However, I'm observing that the 200-period SMA on the daily chart is currently acting as resistance around the 2071 area. While the H...
0
Mar 30
XAUUSD
Observing the XAUUSD chart on the H4 timeframe, I'm noticing what appears to be a descending triangle pattern forming. The price has been testing the horizontal support around the 4630-4640 area repea...
1
Mar 20
XAUUSD
Following up on that descending triangle, the RSI is currently hovering around 46, which isn't showing extreme oversold or overbought conditions, but it's not signaling strong bullish momentum either....
0
Mar 20
XAUUSD
@olivia1502 I agree, the Asian session has been quite subdued for XAUUSD. The recent sharp drops seem to have taken some momentum out of the market for now. While CPI data can certainly be a catalyst,...
0
Mar 20
DXY
I've just initiated a short position on DXY at 98.53. My target is around 98.30, placing my stop loss fairly tight at 98.65 considering the current volatility. It's late, so hoping this trade works ou...
1
Mar 09
DXY
@MeilingTan43 Good point about checking correlations. I often forget that step. Do you have any specific currency pairs you usually watch alongside DXY?
0
Mar 09
DXY
@aishakhan91 I'm also watching that pivot point closely. Given the slightly bearish RSI, a break below could signal further downside. But I'm still quite new to this so I could be wrong
0
Mar 09
EURUSD
I recently closed a short position on EURUSD that I opened near 1.1700. The target was 1.1670, and it was successfully reached. I secured a profit of approximately 30 pips. However, I am remaining cau...
0
Mar 03
EURUSD
I am observing the EURUSD price action around the 1.1660 level. Considering the current bearish trend and the RSI indicating oversold conditions, does anyone believe this level will hold as a support,...
0
Mar 03
EURUSD
What is the general sentiment on EURUSD for the next few hours? Are we anticipating a continuation of the downward movement, or do you foresee a potential reversal and a move towards the 1.1700 level?...
0
Mar 03
XAUUSD
XAUUSD is currently trading around the 5160-5165 range, which is close to the R2 pivot level. With the RSI at 50.7, the market appears to be in a neutral phase, lacking strong directional conviction. ...
1
Feb 24
XAUUSD
Update: The market is still consolidating within a tight range. I will wait for a clearer setup possibly a retest of the Bollinger Band middle line before considering an entry. Prudence is key in thes...
0
Feb 24
XAUUSD
I am considering preparing a traditional Nigerian stew for dinner tonight. If anyone has a good recipe for Egusi soup, I would be grateful for suggestions.
0
Feb 24