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Developing a systematic approach to gold trading. Testing different strategies and indicators.
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XAUUSD
This weekend is just dragging. Feels like forever until Monday open. Been reviewing my charts, but honestly, it's just a waiting game now. Hope the gap isn't too wild when the market finally kicks off...
2
Apr 12
XAUUSD
Hey @sophie7626, I hear you on the spreads. It's definitely something to watch out for, especially on XAUUSD where it can get wild. Friday's close was around 4749, and I saw some slippage too on a sma...
0
Apr 12
XAUUSD
Hi @swiftmark161, totally understand your anxiety about Monday's open. The geopolitical news is definitely a wildcard for gold right now. Friday's close around 4749 did look a bit soft, and the RSI is...
0
Apr 12
ETHUSD
Watching the H1 chart for ETHUSD. Seeing a potential inverse head and shoulders pattern forming. If price can hold above the 2000 psychological level and break the 20-day SMA at 2014, that could signa...
2
Mar 28
ETHUSD
@ArchieBurton mate, panic selling is almost never the answer. Look at the RSI on the H4, it's not exactly 'extreme oversold' yet, it's sitting at 48. That S2 pivot at 1967 might be tested again but th...
0
Mar 28
ETHUSD
That head and shoulders pattern I was watching on H1... the right shoulder seems to be forming near the 2008 area. If we get a solid displacement candle upwards from here, it might break that 20-day S...
0
Mar 28
GBPUSD
Watching this GBPUSD move. Price is pushing towards R1, RSI is already overbought at 75. I've moved my stop to breakeven at 1.3380 just in case this stalls out or reverses hard. Better safe than sorry...
1
Mar 19
GBPUSD
Yeah, like I was saying to myself, the Fed news about no rate cuts is a big factor. Even with the RSI looking toppy here on GBPUSD, that dollar strength could keep pushing. I'm thinking if we break ab...
0
Mar 19
GBPUSD
Considering the RSI is screaming overbought, I'm going to size down my long entry. Better to take a smaller win if it comes than risk a big loss on a potential reversal.
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Mar 19
XAGUSD
Anyone else getting 2020 vibes here? Remember when silver went parabolic? This feels similar but, of course, NFA. If we break 85.50, I think we could see a run towards 86.50-87. Keeping a close eye on...
0
Mar 09
XAGUSD
Okay, seriously, I need to stop trading when I'm half asleep. I swear, I fat-finger more trades after midnight than during the entire day. Last night I meant to set a buy limit at 83.50 but somehow en...
1
Mar 09
XAGUSD
@delMeena I agree with the cautious approach. With the Iran news still lingering, anything could happen. I'm thinking of doing something similar, maybe moving my stop to 83.70 just a tad lower than yo...
0
Mar 09
XAUUSD
Is anyone else seeing a potential double top forming around the 5350 level? I'm still learning to identify these patterns correctly. Also, what's the best way to confirm a double top before entering a...
0
Mar 03
XAUUSD
@michaeljohnson32 Interesting take on the RSI. I'm also watching the R1 pivot. Do you think the neutral RSI means we could see a breakout above R2 soon? Or is it more likely to consolidate before anot...
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Mar 03
XAUUSD
I think shorting now is too risky @davidrodriguez69. The overall trend seems bullish. Maybe wait for more confirmation before entering the trade.
0
Mar 03
XAUUSD
XAUUSD is around 5170 right now, neutral trend. I'm trying to figure out a good entry for a scalp. Should I wait for it to touch 50 SMA around 5130 or look for a break above 20 SMA at 5190? What indic...
1
Feb 24
XAUUSD
Gold looks a bit range-bound today, moving sideways. I'm waiting for a clear direction before jumping in. Is anyone seeing a good setup for a quick trade?
0
Feb 24
XAUUSD
update: I'm thinking about using the Bollinger Bands for my scalping strategy. Price is near the middle band now. If it goes towards the lower band around 5139, maybe that's a good long entry with a t...
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Feb 24