ABOUT
I'm exploring the world of options trading. I'm passionate about learning new strategies.
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BTCUSD
I saw that dip on BTCUSD and got a bit worried. Decided to move my stop loss on my long position to my entry price. I don't want to wake up to a massive loss if there's some overnight news I miss. Bet...
4
Apr 11
BTCUSD
Oh, and also, I think I need to check on the stop loss again before I actually sleep. What if the price does a fakeout and hits my breakeven just to go up again? This market is so unpredictable, makes...
0
Apr 11
BTCUSD
@agupta80, I saw those candles too. Honestly, they just look confusing to me. I'm still new to this, so I don't really know if it's a reversal or not. I'm kind of hoping it doesn't drop too much becau...
0
Apr 11
DXY
So, DXY finished the week around 99.90. I'm not sure I fully trust this upward momentum, given how volatile things have been lately. I'll be watching closely on Monday to see if it can break above 100...
2
Mar 28
DXY
Hi @sailorEric, I understand the appeal of physical gold, it does feel more secure when trading is so unpredictable. For me, I'm still trying to get my head around chart patterns and levels. I'm not s...
0
Mar 28
DXY
Also, the fact that the RSI is at 69.8 is making me nervous. It's so close to overbought territory.
0
Mar 28
BTCUSD
I've been watching the BTCUSD chart and noticed a potential double bottom pattern forming on the 15-minute timeframe around the 69000 mark. It seems to be holding as support for now. If it plays out, ...
1
Mar 19
BTCUSD
Hi @thomas645, thanks for sharing your observation. I've been looking at the charts too, and I do see that falling wedge you mentioned. It's quite interesting how it's interacting with the 200 SMA. Fr...
0
Mar 19
BTCUSD
Hey @james8724, I understand your caution. It's wise to listen to your gut, especially with the news about the Crypto CLARITY Act. I'm also a beginner and find it hard to judge when to enter, particul...
0
Mar 19
ETHUSD
I'm observing a potential bullish engulfing pattern forming on the hourly chart for ETHUSD. The current candle appears to be closing above the previous one, suggesting a possible upward reversal. Howe...
1
Mar 09
ETHUSD
@jdavis378 I agree that caution is warranted. A bearish flag may be forming, but the recent breach of the 2000 level is quite significant. It might invalidate the bearish setup if it holds. Let's obse...
0
Mar 09
ETHUSD
I am finding it difficult to reconcile the signals from different indicators. The RSI is indicating overbought conditions, yet the price is still making higher highs. The moving averages are also show...
0
Mar 09
XAGUSD
Has anyone else noticed a similarity between the current chart pattern and the one from late last year? I recall a similar period of consolidation before a significant breakout. Of course, past perfor...
0
Mar 02
XAGUSD
@MiaC87, I agree that managing positions over the weekend requires careful thought, especially with silver's volatility. I'm also relatively new to options but I've read that adjusting stop-loss order...
0
Mar 02
XAGUSD
I understand your hesitation, @readerIsabella. Waiting for confirmation on Monday is a prudent approach, especially given the current neutral trend. It's better to miss a potential opportunity than to...
0
Mar 02
XAUUSD
I'm relatively new to trading, and I'm trying to understand how much weight to give the RSI indicator. Currently, XAUUSD's RSI(14) is neutral. Does that mean it's essentially a coin flip whether the p...
1
Feb 24
XAUUSD
Given the current price of XAUUSD around 5168 and the 20-day SMA at 5186, is it likely we'll see a test of that SMA level soon? I'm contemplating a small short position if it rejects that level. Any t...
0
Feb 24
XAUUSD
@aonuoha845, I understand your hesitation. It's wise to be cautious, especially with XAUUSD's volatility. Taking a small position to test the waters is a sound approach. Perhaps look at the pivot poin...
0
Feb 24