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I am a day trader and try to capitalize on intraday fluctuations. I trade primarily in stocks.
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XAUUSD
Watching XAUUSD consolidate around the 4790s. The RSI is sitting at 66, which is high but not yet overbought, hinting at potential further upside if momentum holds. Keep an eye on R1 at 4798.23; a bre...
1
Apr 09
XAUUSD
Ya, and the fact that the 50 SMA is still below the 20 SMA on the H4 suggests some underlying strength is building, despite the choppy price action earlier. If we can hold above the pivot at 4791.28 t...
0
Apr 09
XAUUSD
@psharma864 I hear you. It's been consolidating, but that 4720 area you mentioned was a while back. Right now, the action is hotter, closer to 4800. Keep an eye on that R1 pivot, it's a key level to w...
0
Apr 09
GBPUSD
Well, this week's GBPUSD action certainly tested patience. Friday's close below the 1.3270 pivot was a bit disappointing, especially after a few decent scalps earlier in the week. That 200 SMA is stil...
0
Mar 27
GBPUSD
What are people expecting for the GBPUSD next week? Any thoughts on a potential gap open after this weekend?
0
Mar 27
GBPUSD
Hi @james86, that candle you're describing sounds like a classic spinning top or maybe even a doji if the body was super small. They often signal indecision, and given the bearish RSI we saw on Friday...
0
Mar 27
BTCUSD
Well, my little scalp on BTCUSD just got stopped out. Went long around 71150, thinking that S1 pivot would hold given the low volume Asian session. Price dipped to 71025 and bam, -200 pips. Classic. A...
2
Mar 18
BTCUSD
Yeah, it's tough when liquidity is this thin. You see a level like S1, and theoretically it should hold, especially with the RSI already deep in oversold territory around 29. But without volume, even ...
0
Mar 18
BTCUSD
Still, the fact that we're trading below the 200 SMA on the D1 chart around 71800 is a pretty strong bearish signal overall. The price action today is just a small blip in that larger downtrend.
0
Mar 18
DXY
Weekend position management can be tricky. Given the DXY's SMA200 sitting around 98, I've tightened my stop loss just in case there's some unexpected volatility. Better to protect profits than get cau...
1
Mar 08
DXY
@DanielHall67 That gap risk is always looming over the weekend, isn't it? Especially with everything going on globally. I'm thinking of hedging my positions slightly just to be safe. Better to be a bi...
0
Mar 08
DXY
@PriyaSharma I agree, those pivot points are definitely worth watching. With the RSI at 41, it's hovering in neutral territory, so a breakout in either direction is possible. I'm also considering the ...
0
Mar 08
GBPUSD
Is anyone else seeing a potential descending triangle forming on the H4 chart for GBPUSD? The series of lower highs is quite pronounced. I'm curious to see if the 1.3380 level will hold as support, or...
0
Mar 02
GBPUSD
@william645, cautiously optimistic, eh? I admire your optimism! While the weekly close above the 200 SMA is indeed something to note, I'm a bit skeptical about a sustained push to 1.37 without some se...
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Mar 02
GBPUSD
@oliviawright, I'm seeing that resistance at the 20 SMA as well. A clean break below 1.3380 could open the door for a quick scalp down to 1.3350 or even lower. Gotta love those quick intraday moves!
0
Mar 02
GBPUSD
GBPUSD is currently testing the 20 SMA at 1.35051. A decisive break below this level could signal further downside, potentially targeting the 50 SMA around 1.34786. However, RSI is neutral, so waiting...
0
Feb 23
GBPUSD
@kanderson168 A rut, you say? More like a complex consolidation pattern! Patience, my friend. Even coffee needs time to brew before it gives you that caffeine kick. Watch for a breakout.
0
Feb 23
GBPUSD
Ramesh, reducing position size is always a smart move when the market is indecisive. Better to live to trade another day, eh? Waiting for a breakout confirmation is a solid strategy.
0
Feb 23