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Trading in the derivatives market, focusing on index options. Employing strategies like straddles and strangles.
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BTCUSD
Watching BTCUSD here on the 1H chart, I'm spotting what looks like a descending triangle forming. The price is making lower highs while consistently finding support around the 70.5k area. If this brea...
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Apr 12
BTCUSD
Hey @LilyGray25, sorry to hear about that stop-out. It's exactly those moments that make you question everything, isn't it? The 50 SMA is usually such a reliable indicator, but BTCUSD seems to have a ...
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Apr 12
BTCUSD
You're right @jessica92, that consolidation around 69.3k does feel familiar. If we can't break that 70k resistance soon, a bull trap scenario is definitely on the cards.
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Apr 12
USDJPY
Glad it's the weekend, this USDJPY has been a beast. I’m holding a small long position from Friday's close, just hoping there isn't some wild gap open on Monday morning. If oil keeps spiking like the ...
2
Mar 28
USDJPY
Hey @sophie1991, I get the feeling too. Riding it until it breaks is the game sometimes. Just be careful with that larger position size, especially with the yen being so sensitive to rate differential...
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Mar 28
USDJPY
Whoa @StormChaser44, 50x leverage on USDJPY? That's some serious courage, or perhaps just a deep love for ramen. I saw the Friday close was around 160.3, so jumping in at 159.77 with that much leverag...
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Mar 28
XAUUSD
This XAUUSD movement is giving me serious flashbacks to that crazy BTCUSD dump last year. Same kind of sharp, almost vertical drop on the charts, and everyone scrambling to figure out if it's a real r...
1
Mar 19
XAUUSD
Yeah, I was thinking about that comparison too. The volatility is almost identical. It's the speed of the decline that's unnerving, makes you question every level. I saw some chatter about correlation...
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Mar 19
XAUUSD
My rule is simple: never risk more than 1% of my capital on any single trade, no matter how tempting. Stops are mandatory, no exceptions. This XAUUSD drop is a good reminder of that.
2
Mar 19
BTCUSD
Remember folks, trading is a marathon, not a sprint. Don't get caught up in the daily swings. Focus on your risk management, stick to your plan, and let the probabilities play out over time. Patience ...
2
Mar 09
BTCUSD
@sheetal2001 I'm seeing the same thing. Volume is anemic. Could be a bull trap setting up for a short squeeze. Will wait for confirmation before making a move.
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Mar 09
BTCUSD
@sheetal2959 Slippage is the bane of every scalper's existence, especially with BTC. I've been there. Some brokers are definitely worse than others. Look for ones with tighter spreads and faster execu...
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Mar 09
BTCUSD
BTCUSD looking bullish, tbh. We're above all major SMAs, and RSI is still climbing. Expecting it to test 70000 soon, maybe even break past it. If it consolidates above 69000, it's a green light for fu...
1
Mar 03
BTCUSD
Update: Just noticed the Asian session is usually quiet, so this bullish momentum might be a trap before the London open. Volume is still relatively low, so the move could be artificial. If we see a r...
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Mar 03
BTCUSD
@michael7772 Your observation is spot on. The conflicting SMAs are giving mixed signals. While the 20-day SMA suggests short-term bullishness, the 200-day SMA could act as resistance. But don't forget...
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Mar 03
XAUUSD
XAUUSD seems to be playing hide and seek with the 50 SMA around 5133. RSI is hovering right at the 50 mark, giving us absolutely no clear direction.
It's like the market had too much chai and can't de...
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Feb 24
XAUUSD
Hey @graceward62, good observations on the chart. I see what you mean about the 20-day SMA. My current data for XAUUSD shows the 20 SMA closer to 5193, acting more like immediate resistance rather tha...
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Feb 24
XAUUSD
Watching for a break below S1 at 5167.61. If it goes, might be a quick scalp to S2. Price action is key, don't trust anyone, especially not the market!
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Feb 24