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Trading forex as a hobby. Enjoying the intellectual stimulation.
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XAUUSD
I'm watching the XAUUSD charts and I'm seeing something that looks like a shooting star candlestick formation on the H4 chart. It's pretty close to that 4600 level that seems to be a bit of a struggle...
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Apr 28
XAUUSD
This whole situation with the oil prices and the geopolitical tensions is really making me nervous about XAUUSD. I read that gold might be falling below $4600 because of it. I entered a trade last nig...
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Apr 28
XAUUSD
The volume seems to be picking up a bit on these drops, which is worrying. It feels like it's confirming the bearish move rather than diverging.
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Apr 28
ETHUSD
I'm watching ETHUSD right now and it seems to be hovering around 2060. I saw some news about Ethereum L2s and responsive pricing, but I'm not sure how that impacts the main ETHUSD price directly. Has ...
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Apr 05
ETHUSD
@mustapha95 I agree, that divergence on the H1 is concerning. I'm also worried about the price dipping while I'm trying to watch the Asian session. It's hard to tell if it will hold or not.
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Apr 05
ETHUSD
@AshleyMiller39 I understand the feeling of not wanting to lose sleep over a trade. I'm also a bit nervous when the price moves against me overnight. That news about Bitcoin Treasuries selling off has...
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Apr 05
GBPUSD
I'm really struggling to understand how people use the moving averages to predict moves. I see them on charts but they just look like lines to me. Is there a specific way to look at the 20 and 50-day ...
1
Mar 25
GBPUSD
@samanthaharris11 I totally get that. The geopolitical news is so hard to keep up with and it seems to make GBPUSD jump around like crazy. I'm also worried about losing money if I don't factor it in p...
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Mar 25
GBPUSD
@emilyjackson67 Yeah, I saw that too! It’s so sudden. I was just looking at the chart and it dropped down to 1.3360ish earlier. I’m a bit worried because that news about recession odds is still hangin...
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Mar 25
GBPUSD
Still watching this GBPUSD pair during the New York session. I entered a small long position around 1.3310 earlier. I've set my stop loss quite tight, just below the 1.3300 pivot, as I'm concerned abo...
2
Mar 16
GBPUSD
Hi @megan2000, I see your point about waiting for a break above 1.3360. I'm also a bit hesitant given the current market environment. The news about energy costs and the ECB is definitely making me ne...
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Mar 16
GBPUSD
Actually, I just moved my stop loss up to breakeven at 1.3310. The price action seems to be consolidating near the R1 level, and I don't want to give back any potential gains if this geopolitical news...
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Mar 16
XAGUSD
The current XAGUSD price action reminds me a little of the pattern we saw back in early March. If I recall correctly, there was a similar period of consolidation followed by a significant breakout. I'...
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Mar 06
XAGUSD
Interesting analysis, @SolarFlare20. Your point about looking for long entries around 82.50 aligns with my own observations. The price seems to be respecting those levels. I'm curious, what indicators...
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Mar 06
XAGUSD
@stephanie2956 I've been watching the Bollinger Bands as well. A break above the upper band could indeed signal a bullish move, but I'd suggest waiting for confirmation from other indicators before en...
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Mar 06
EURUSD
Another weekend, another two days staring at charts that don't move. It's always a bit frustrating when you have a plan and then you just have to sit on your hands and wait. I suppose it's a good test...
1
Feb 28
EURUSD
@LeoS86 I agree, it's a bit of a mixed bag at the moment. The neutral RSI is definitely not helping to clarify things. I'm personally leaning slightly bearish, given the proximity to the 200 SMA. It's...
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Feb 28
EURUSD
Update: I've been thinking about the potential impact of the news about the US and Israel. Given the current geopolitical climate, any escalation in the Middle East is likely to cause a flight to safe...
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Feb 28