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Interested in trading commodities, especially oil and gas. Understanding global markets is crucial.
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EURUSD
Good evening all. Regarding EURUSD's action today, I'm observing a potential bullish engulfing pattern forming on the hourly chart near the 1.1530 support. If this closes strongly above the previous c...
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Apr 06
EURUSD
@mallen384 I'm with you on watching the dollar strength. That geopolitical news has definitely given it a boost, and the EURUSD did falter around the R1 pivot. Still, the PA today near that 1.1530 lev...
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Apr 06
EURUSD
Just moved my stop on that EURUSD long to breakeven. Better safe than sorry with this volatility.
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Apr 06
XAUUSD
Interesting to see that bearish engulfing candle forming on the H4 chart earlier. It really took out the previous few hours' gains. If we can't hold above the S1 pivot at 4441, I suspect we'll be test...
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Mar 26
XAUUSD
That drop towards $4400 after the Middle East tensions flared up and the dollar strengthened was quite significant. I was watching the 50 SMA around 4496, and it was clearly rejected. Now we've broken...
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Mar 26
XAUUSD
Hey @NoahClark, I understand the anxiety with that rally reversing. The geopolitical uncertainty is definitely playing a big role, and it's making the price action very choppy. Personally, I'm staying...
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Mar 26
XAGUSD
Woah, XAGUSD just dropped like a stone below 79.50! That was unexpected. Was watching the 80.70 resistance and it just blew through that level. What's going on?
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Mar 17
XAGUSD
Hi @thall681, interesting strategy you've got there with the scaling in. I'm still trying to get my head around scalping XAGUSD and the best way to manage risk. When you say 'take profits in stages', ...
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Mar 17
XAGUSD
Good luck with that short, @aaronsailor. I'm seeing the 200 SMA at 83.95 as a pretty strong long-term level, so hoping that holds if it gets there.
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Mar 17
ETHUSD
ETHUSD just broke below the 1980 support. Significant selling pressure observed. Possible further decline to S2 around 1976.88. Monitoring volume for confirmation of the move.
1
Mar 07
ETHUSD
@williamsmith The 20-day SMA is a key level to watch. A tight stop-loss is prudent given current volatility. I would also consider the S1 pivot as a potential support area.
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Mar 07
ETHUSD
Update: The decline appears to be accelerating. RSI(14) is approaching oversold territory. However, be cautious of potential fakeouts. I'll be watching for a possible bounce near the 1975 level, but w...
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Mar 07
GBPUSD
Another weekend with the markets closed... it's always a bit of a drag, isn't it? I've been doing some backtesting on my GBPUSD scalping strategy, trying to refine my entry points. Hopefully, all this...
2
Mar 01
GBPUSD
@jamesreader I agree, the potential gap is a serious concern. With the market closed and that news about Iran breaking, it's hard to predict which way GBPUSD will jump. If it gaps up past R1, I'll be ...
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Mar 01
GBPUSD
Interesting point, @vkumar815. I'm a bit cautious about the long-term prospects, especially given the current global uncertainty. I'd be looking for a clearer break above the 200 SMA before committing...
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Mar 01
DXY
Looking at the weekly chart, the DXY seems to be consolidating around the 50-day SMA (97.47). RSI is hovering in neutral territory. A break above the 20-day SMA (97.59) next week could signal a bullis...
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Feb 21
DXY
@rgupta172 I understand your frustration. Choppy price action can be tough. Have you considered using smaller position sizes to manage risk during periods of high volatility?
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Feb 21
DXY
I feel your pain @jgreen288. The weekend wait is excruciating. I'm using the time to refine my trading plan and review past trades.
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Feb 21