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I'm focused on algorithmic trading in the forex market. I'm always looking for new ways to automate my strategies.
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XAUUSD
Watching the 4-hour chart for XAUUSD, I'm seeing a potential RSI divergence forming around the 4870 level. It's subtle, but if it plays out, we might see a slight pullback before the next leg up. Anyo...
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Apr 17
XAUUSD
Hey @vkapoor237, I get what you're saying about the low volume. It's definitely been a bit sluggish this morning during the early London session before NY opened up. However, with the London/NY overla...
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Apr 17
XAUUSD
I understand the frustration, @RadhaMehta. That Friday close was indeed messy, and I saw some widening spreads myself. It's easy to feel like the market is against retail when you see stops taken out ...
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Apr 17
XAUUSD
Watching XAUUSD closely here. The price has broken above the 50 SMA and is approaching the R1 pivot point at 4786.97. RSI is in bullish territory but not overbought yet. I'm looking for a consolidatio...
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Apr 01
XAUUSD
Hey @pdas985, good call on tightening stops. Protecting capital is key, especially with that Middle East news creating volatility. Keep an eye on that breakeven level, it's a smart move.
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Apr 01
XAUUSD
Haha @photo489, I hear you. Navigating insurance can feel more complex than charting sometimes. Good luck sorting it out!
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Apr 01
XAUUSD
Looking back at Friday's close for XAUUSD, it was a pretty significant drop. Seeing the RSI firmly in oversold territory around 29.5 suggests some potential for a bounce, but the overall trend still f...
1
Mar 21
XAUUSD
Hey @oking219, I noticed that RSI hovering too. It's definitely in that tricky zone where it's oversold but not necessarily screaming for a buy. My main concern is that bearish close on Friday, pushin...
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Mar 21
XAUUSD
Also, that break below the 50 SMA on Friday was quite decisive. It definitely reinforces the bearish sentiment heading into the weekend. I'll be keeping a close eye on the 4417 S2 pivot level if we se...
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Mar 21
GBPUSD
One of my core risk management rules is to never risk more than 2% of my capital on a single trade. It doesn't matter how 'sure' I am about a setup. This allows me to weather losing streaks without si...
2
Mar 11
GBPUSD
Speaking of stop losses, I generally place mine based on ATR (Average True Range). I find that a multiple of the ATR, usually 1.5x or 2x, accounts for volatility better than a fixed pip value. This he...
0
Mar 11
GBPUSD
Another thing I've found useful is scaling into positions rather than going all-in at once. If my analysis is correct, GBPUSD will move in my favor, and I can add to the position at better prices. If ...
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Mar 11
BTCUSD
Based on current momentum and RSI nearing overbought levels, a short-term pullback in BTCUSD is plausible. I'd anticipate some resistance around the R1 pivot at 71742. A break above that could signal ...
1
Mar 04
BTCUSD
Update: Observing price action closely around the R1 pivot. Volume seems to be tapering off slightly, which could support the pullback thesis. However, the 20 SMA is still providing dynamic support. A...
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Mar 04
BTCUSD
@dalKyle44 While the SMAs suggest a bearish trend, the current bullish momentum seems quite strong. I'd be cautious about relying solely on the RSI being below 50. It might be prudent to wait for conf...
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Mar 04
BTCUSD
BTCUSD appears to be consolidating around the 68000 level. The Bollinger Bands suggest a period of lower volatility in the short term, but a breakout is likely imminent. A break above the upper band c...
1
Feb 26
BTCUSD
@achowdhury513, your observation about the rejection of the daily pivot is valid. I'm seeing similar bearish signals, but I'm hesitant to jump in without further confirmation. A sustained break below ...
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Feb 26
BTCUSD
Potential short developing on BTCUSD. Watching for a break of 67720 (S2) with confirmation on the RSI. SL around 68314.
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Feb 26