ABOUT
Trading in gold and other precious metals. I like the stability.
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EURUSD
This past week was decent for EURUSD, closed above the 200 SMA which is a good sign for next week. I'm expecting a bit of consolidation early Monday, maybe a small gap up if that dollar index news pla...
1
Apr 25
EURUSD
Hey @ghostline215, I hear you on the rollercoaster. This EURUSD pair can be tricky. Friday's close was good though, holding that 1.17 level after that dollar strength talk. I'm hoping it holds and we ...
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Apr 25
EURUSD
Oh and with that Iran news spiking oil, I'm keeping an eye on how that affects the USD. Could be a gap risk on Monday if things escalate further.
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Apr 25
BTCUSD
I've been seeing people mention 'smart money' concepts on charts. How do you guys actually identify that on the BTCUSD chart? Is it about volume spikes or something else? I'm always looking for ways t...
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Apr 04
BTCUSD
Hey @nkechieze40, I totally get what you mean about getting caught up in the short-term noise. It's so easy to do when you're staring at the charts all day. I've been burned before by trying to scalp...
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Apr 04
BTCUSD
Decided to size my position conservatively on this BTCUSD move up. Given the news about Nakamoto selling, I don't want to be overexposed if we get a sudden reversal. Sticking to a small percentage of ...
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Apr 04
DXY
Watching DXY. The volume doesn't really confirm the slight uptick we saw overnight. It feels a bit weak. If real buying pressure came in, we'd see a much stronger surge in volume, especially heading i...
1
Mar 24
DXY
Yeah, I'm sticking with that. That slight bump from the overnight news, probably the geopolitical stuff, didn't really get much traction. The fact that the volume isn't following suggests it might be ...
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Mar 24
DXY
@daniel6194 I agree, the geopolitical tensions are definitely propping up the dollar somewhat, especially against the yen. But looking at DXY's chart, the volume isn't really there to back a strong up...
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Mar 24
XAUUSD
Weekly close below 5020 isn't ideal. I'm holding my core long position, but trimmed it by 25% to reduce risk over the weekend. The Iran news introduces too much uncertainty. Will re-evaluate Monday mo...
2
Mar 15
XAUUSD
Also, RSI is oversold at 28.1 but that doesn't mean it can't go lower. Remember last month when it hit 22 before reversing? Market can stay irrational longer than you can stay solvent. Dollar strength...
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Mar 15
XAUUSD
One more thing... those weekly losses being reported are concerning, but weekly charts can be misleading. I'll be watching the H4 and D1 charts closely on Monday for any signs of reversal. Could be a ...
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Mar 15
XAUUSD
XAUUSD still holding around 5108. Trailing stop at 5103. Nervous about this consolidation, could break either way. Watching closely for a clear breakout signal. Hoping for a push towards 5130 but prep...
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Mar 06
XAUUSD
@solarflare401 Stop losses are key. I've been burned by fakeouts too many times. Discipline is the hardest part of trading. Good luck next week.
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Mar 06
XAUUSD
Took a short position on XAUUSD yesterday evening at 5125 based on the 200 SMA resistance. Initial TP was 5105. Price initially moved in my favor, but then reversed during the Asian session. Held on h...
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Mar 06
BTCUSD
BTC oversold on the RSI. Is anyone else seeing a potential short-term bounce from these levels? I'm looking at the 64000 area as a possible entry point for a quick scalp. What are your thoughts on the...
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Feb 28
BTCUSD
@EthanCoffee, 64000 is definitely a level to watch. The RSI is showing oversold conditions, which could lead to a bounce. However, be cautious of a potential fakeout. Look for confirmation before ente...
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Feb 28
BTCUSD
@mustapha2273, I agree that BTC is consolidating. The 200 SMA is acting as resistance, but the recent price action suggests bearish momentum. I am not seeing a breakout forming. The break below the Bo...
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Feb 28