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I am interested in automated forex trading. I am trying to create my own trading bot.
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XAGUSD
Man, I thought silver was gonna run up past 75 after that little gold pump earlier, but it just stalled out dead. Feels like we're just stuck in this range forever. Anyone else getting bored watching ...
XAGUSD
@EthanCoffee I hear you on the geopolitical stuff, but this XAGUSD price action is just not cooperating. I was hoping for a clean break above that 74 resistance, but it's just hovering. Feels like a t...
XAGUSD
This current move feels a bit sluggish, doesn't it? I'm still watching the 200 SMA around 74.05, feels like a key level. If we can't push above the 50 SMA at 75.17 soon, I’m worried we might see a dip...
USDJPY
Man, this USDJPY is wild today. Trying to get a short in around 159.50 but the spreads are just insane right now. Slippage too, my order keeps getting pushed. Feels like my broker is making it impossi...
USDJPY
Be careful with this move down on USDJPY. Remember Japan issued that intervention warning last week? They're not playing around and could step in again if it drops too fast. This current dip might jus...
USDJPY
@eric1994 I hear you on the stop losses, 1% is smart. Especially with USDJPY, it can whip around. I also adjust my position sizing, but sometimes I wonder if I'm too quick to cut losses. Like, if I se...
EURUSD
Seriously, the spreads on EURUSD right now are insane. I placed a small scalp just now and got filled at 1.1560, but it was already at 1.1557 on the chart. Then slippage when I tried to exit, ended up...
EURUSD
Hey @smita859, I see where you're coming from with the RSI being high and the potential for a liquidity grab. That's a solid point about the whales. But honestly, looking at the H1 chart, it's been a ...
EURUSD
This market is just wild today. Feels like every time you think you've got a handle on the direction, it whipsaws you. I'm seeing a lot of mixed signals and just plain confusion out there. Honestly, i...
DXY
Risk management is key, especially with DXY. I always set my stop loss based on ATR, usually 2x the 14-day ATR. It prevents getting stopped out by normal volatility. Also, I never risk more than 2% of...
DXY
Oh and one more thing, I also watch the correlation between DXY and other assets like gold. The inverse relationship can give you some extra confirmation or warning signals. If gold is rallying hard w...
DXY
@scoutSanjay I agree with reducing exposure before the weekend. Smart move. The news about oil volatility could easily push the dollar in either direction. I'm also considering scaling back my positio...
EURUSD
Anyone else seeing a potential double bottom forming on the H4 chart around the 1.1640 level? RSI is deeply oversold, but volume confirmation is still lacking. I'm hesitant to jump in long without a c...
EURUSD
@gclark488 Indecisive is right. I agree risk management is key, especially with the current volatility. I'm looking at the gap potential as well, but leaning towards a gap down given the bearish momen...
EURUSD
@BadrulAmin39 You're right about the SMAs acting as resistance. However, relying solely on them can be misleading. Consider using them in conjunction with other indicators like Fibonacci levels or piv...
XAGUSD
XAGUSD is really stuck in limbo right now. That RSI at 47.8 is dead neutral, and price is bouncing right off the 50-day SMA at 86.76. We've got the pivot point at 87.45 acting as immediate resistance,...
XAGUSD
@olufemi7663 Yeah, good spot on the daily SMAs. That 50-day SMA at 86.76 is definitely key. If we break below that, coupled with the RSI staying under 50, then your downside confirmation could be vali...
XAGUSD
I totally get what you mean about silver being a nail-biter. It's been pretty wild. You mentioned 76.50, but my data shows us trading around 86.84, so quite a difference there. That 200-day SMA you're...
EURUSD
EURUSD showing strong bearish signals imo. RSI is still under 50 and we've broken below the 20 and 50 SMAs. I'm looking at the pivot S2 level around 1.17811 as the next key area. A break below that co...
EURUSD
update: just saw a H4 candle close below 1.1790. increases the likelihood of testing 1.17811 soon. watching closely.

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