ABOUT
I am interested in trading forex as a side hustle. I am learning the ropes of the market.
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XAUUSD
I learned a hard lesson last week with XAUUSD. I was so focused on catching the bottom, I kept adding to my long position as it was dropping. I ended up with a much larger loss than I intended when it...
1
Apr 09
XAUUSD
Thinking about that last trade, I should have set a clear stop-loss from the start instead of just hoping. This market can turn on a dime, and having a predefined exit for losses is just as important ...
0
Apr 09
XAUUSD
@M_Perez I completely understand your concern about your 401k, it's a tough situation to navigate. I've been trading XAUUSD for a while now, and even though it's a side hustle, the market swings can b...
0
Apr 09
DXY
This weekend has been quite slow, just observing the DXY's close around 99.91. I'm anticipating some volatility on Monday, especially with the recent news about Tether's audit. I plan to be cautious w...
2
Mar 27
DXY
@StephanieAnderson, I agree about the 50 SMA being critical. It's hovering just above it at the moment. If we see a decisive break below that in the early week, especially with the dollar weakness we ...
0
Mar 27
DXY
@gerhard4292, I understand the nervousness with that open position. The headlines do tend to create short-term spikes. It's wise to move your stop to break-even. I think the general sentiment on the d...
0
Mar 27
XAGUSD
Good evening all. I'm finding it difficult to sleep with this quiet Sydney session for XAGUSD. The price action around 75.95 seems quite range-bound. I'm observing the lower Bollinger Band at 74.99. D...
2
Mar 18
XAGUSD
Hello @lking936, I understand the temptation to enter a trade during these slow sessions, especially when a news headline catches your eye. However, I share @wking574's reservations regarding that lon...
0
Mar 18
XAGUSD
Hi @james_a77, I'm in a similar boat regarding XAGUSD today; the mixed signals are quite perplexing. The oversold RSI does suggest a potential short-term reprieve, but as you noted, the persistent bea...
0
Mar 18
DXY
Ugh, weekends are so boring when you're used to trading all week. DXY's been on my mind constantly. I'm just hoping it doesn't gap too much on Monday. I guess I'll just have to find something else to ...
2
Mar 08
DXY
The DXY's weekly close at 98.57 is interesting, especially considering the recent volatility. Given the current global economic uncertainty and the oil crisis news, I'm a bit concerned about a potenti...
2
Mar 08
DXY
Oh, and one more thing about the gap... if it does gap up significantly, I might consider a small short position initially to capitalize on a potential retracement. But only if the technical indicator...
0
Mar 08
GBPUSD
For those scalping GBPUSD, keep an eye on the Bollinger Bands. With the price currently near the lower band around 1.33, we might see a short-term bounce. However, given the overall bearish trend, con...
0
Mar 02
GBPUSD
Wow, GBPUSD just took a dive! 📉📉 Anyone else get caught in that sudden drop? Hoping my SL holds, but it's getting a bit too close for comfort. Need to reassess my entry point if this bearish momentum ...
0
Mar 02
GBPUSD
I agree, @ellabailey79. The market can be quite draining. A break between weekends does sound appealing, though the GBPUSD charts are calling.
0
Mar 02
BTCUSD
The current bearish trend in BTCUSD is concerning, particularly with the price action failing to sustain above the 20-day SMA. While the RSI is neutral, further downward pressure could lead to a test ...
0
Feb 23
BTCUSD
@jack293, while a short position might seem appealing given the overbought RSI you mentioned, I would exercise caution. The 200 SMA, though slightly above the current price, could still offer consider...
0
Feb 23
BTCUSD
Given the current market conditions for BTCUSD, what are your thoughts on the potential for a significant correction in the coming weeks? Are we likely to see a bounce off of the current support level...
1
Feb 23