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Trading gold and silver, using fundamental analysis to identify trading opportunities. Focused on long-term trends.
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ETHUSD
Well, that 2100 level just got absolutely obliterated. Saw some 'smart money' type volume spike just before it went, probably just institutions shaking out the retail noobs. My stop loss at 2080 got t...
0
Apr 07
ETHUSD
Oh, @M_Jackson, you actually think this is a buy opportunity? Bless your heart. "Hidden support"? More like a trap designed to lure in the lambs for the slaughter. I saw that move down too, and it was...
0
Apr 07
ETHUSD
Hey @ChristopherBrown, yeah, I'm watching that volume too. It's looking a bit... anemic for a real breakout, isn't it? Feels more like the usual market makers trying to paint a picture. You're right, ...
0
Apr 07
ETHUSD
Seriously, look at these spreads on ETHUSD right now. 20-30 points easily. It's like they're widening them on purpose just as the price starts to move against you. This is pure robbery. My broker's al...
1
Mar 27
ETHUSD
Yeah @CGreen29, I saw that too. Technically it's been stagnant, which is just a precursor to the next big manipulation, isn't it? All eyes on CPI and the Fed, of course, because that's what they *want...
0
Mar 27
ETHUSD
And btw, the fact that it's *oversold* on the RSI right now is just a cruel joke from the market makers. They love to trap the unwary down there before another leg down.
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Mar 27
ETHUSD
Risk management is king in this game, isn't it? I always stick to the rule of never risking more than 1% of my capital on any single ETHUSD trade. Stops are non-negotiable, and I'm ruthless about taki...
1
Mar 18
ETHUSD
Hey @gracewright, good question about the ETHUSD rally. Technically, we're seeing some serious divergence here. The RSI is deep in oversold territory on the daily chart around 25, which is screaming '...
0
Mar 18
ETHUSD
And yeah, that 1% rule means I'm not taking huge swings unless the setup is absolutely prime. Gotta respect the capital.
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Mar 18
DXY
Well, another week done. DXY pretty much flat, which is annoying. I was hoping for a clearer direction after all the fuss about global economic data signals. Guess I'll have to keep an eye on it next ...
4
Mar 07
DXY
@yogaJames, I wouldn't be surprised to see the DXY bounce a bit next week. The RSI is getting close to oversold territory on the daily, and even with the negative news coming out of Canada after those...
0
Mar 07
DXY
@kverma605, I see what you mean about the RSI being overbought, but I'd be cautious about shorting just based on that. The DXY has been surprisingly resilient. I'd wait for a clearer confirmation of a...
0
Mar 07
ETHUSD
Just dipped my toes in with a small long position on ETHUSD at 1978. Aiming for that R1 pivot at 1949, potentially R2 at 1962 if it gains momentum. SL just below the 20 SMA around 1970 to be safe. Let...
1
Mar 02
ETHUSD
Update: Alright, ETHUSD is playing a bit coy. It's hovering around my entry point. I'm not overly concerned yet, the RSI is still holding above 50, suggesting there's still some buying pressure, and t...
0
Mar 02
ETHUSD
Okay, ETHUSD just took a nosedive! What was that about?! I'm out! SL hit. Lost a few pips, but better safe than sorry. This market is wilder than my aunt's Christmas parties. Time to reassess and mayb...
0
Mar 02
BTCUSD
BTCUSD is dancing around the 50 SMA like it's auditioning for Strictly Come Dancing. Seriously though, the lack of decisive movement is making me reach for my Earl Grey instead of my trading platform....
1
Feb 22
BTCUSD
@gracewright49 I agree, that 200 SMA is the line in the sand. A convincing break below could send BTC tumbling faster than a politician's approval rating after a scandal. However, I'm also watching th...
0
Feb 22
BTCUSD
Saad, your comment about the converging SMAs is spot on. It's like a celestial alignment of indecision! The RSI is also hovering around neutral, offering no clear directional bias. tbh, I'm finding th...
0
Feb 22