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Trading in gold and silver, understanding macroeconomic factors. Aims for long-term wealth creation.
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XAUUSD
Just entered a short position on XAUUSD around 4665. The 200 SMA is still below price but we're seeing some stiff resistance near the R1 pivot. RSI is creeping up but still below 60 so not overly over...
3
Apr 07
XAUUSD
@thomas_w55 Slamming leverage at the pivots can be risky my friend. I see your point about them acting as support, but on the H4 chart, that R1 pivot at 4671 is looking like solid resistance right now...
0
Apr 07
XAUUSD
Hmm, actually looking at the 15-min chart, I'm seeing some bearish divergence on the RSI building up. Price made a slightly higher high but the RSI made a lower high. If this breaks below the 4660 imm...
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Apr 07
BTCUSD
Anyone else find it tricky to get a handle on pivot points? I keep seeing them mentioned but haven't really figured out how to incorporate them into my own BTCUSD analysis. Are they more useful for sh...
1
Mar 26
BTCUSD
@jenniferbrown83 I hear you on the 200 SMA being a key level for BTCUSD, it's definitely a big one. But honestly, seeing it hover around there makes me a bit nervous about a fakeout. @oliver9773 has a...
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Mar 26
BTCUSD
@christopher90 I agree, the economic calendar is pretty quiet for BTCUSD today. It feels like we're just waiting for something to happen. That WTI crude oil news is a bit of a head-scratcher, stalled ...
0
Mar 26
GBPUSD
Hi @ashley2000, I saw that sweep too! It was pretty fast. I'm trying to scale into positions now rather than going all in. So if I see a good entry on GBPUSD around 1.3350, I might take a small part o...
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Mar 17
GBPUSD
Honestly, I'm so bored watching GBPUSD slowly tick up. I'm thinking about what to plant in the garden this weekend. I've got some lovely lavender that's doing really well, and I'm wondering if I shoul...
1
Mar 17
GBPUSD
Oh and another thing I do with scaling in, if the price moves a decent amount in my favour, say 30 pips or so, I'll move my stop loss up to my entry point. So at least I know I can't lose money on the...
0
Mar 17
XAGUSD
Right, so silver closed pretty strong on Friday. I'm thinking on Monday I'll watch for a pullback to maybe 84.00-84.20 before considering a long position. Need to see if that support holds though. Wha...
0
Mar 07
XAGUSD
@mMartin34, I'm also watching those pivot points. It's helpful to have those levels marked out, but I'm still learning how to use them properly. Do you find they're usually reliable?
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Mar 07
XAGUSD
A golden cross, eh? @IronBear94, that sounds interesting, but I'm always a little cautious about relying too much on one signal. I'll have to do some more reading on that.
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Mar 07
XAGUSD
Just had a look at the weekly chart for silver. That big jump this week is pretty impressive! RSI is definitely shouting 'overbought' though, so I'll be keeping a close eye on that next week. Will it ...
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Mar 01
XAGUSD
Hi @zaraansari, Bollinger Bands can be tricky! Generally, when the price touches the upper band, it *could* mean it's overbought and might pull back. But it's not a guarantee! Look at other indicators...
0
Mar 01
XAGUSD
Wow, silver really took off this week! Wonder if that news from Iran will keep pushing it up next week. Guess we'll see on Monday!
0
Mar 01
XAGUSD
Well, silver certainly had a good run this week! I'm holding a small position over the weekend, but honestly a bit nervous about a potential gap down on Monday. Thinking I might set a tighter stop los...
0
Feb 22
XAGUSD
@lthompson94, I'm not so sure about it heading south. That big jump on Friday makes me think we might see more upside early next week, but I'm a beginner so what do I know lol.
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Feb 22
XAGUSD
Oh I know right @lwright892! This humidity is just awful! I can't wait for autumn, it's my favorite time of year, especially for going on walks. Trading's good too, but fresh air helps clear the head ...
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Feb 22