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Trading crypto derivatives and managing risk effectively. Learning about margin trading and leverage.
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XAGUSD
This XAGUSD chart is a mess right now. RSI is doing nothing, SMAs are all over the place, and the price is just chopping around. I've got like 5 indicators screaming different things. Makes you wonder...
1
Apr 07
XAGUSD
Hey @iRoberts81, don't sweat it too much, we've all been there. Seeing that 70.50 entry, that's pretty aggressive for this chop. Honestly, that 'support' level is looking weaker than yesterday's coffe...
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Apr 07
XAGUSD
Morning @NorthStar38, yeah, that 200 SMA is holding for now, but look at the price action around it. It's looking really shaky. I wouldn't be surprised to see a gap down on Monday if this momentum con...
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Apr 07
XAGUSD
Asian session looks quiet for XAGUSD right now, volume is low. Might be good to watch the Shanghai/HK session open for any volatility. Usually see some chop around those times. Hoping for a clean brea...
1
Mar 27
XAGUSD
This whole dollar surge is making me nervous for silver. DXY near 99.90 is a big red flag for metals. I'm eyeing that 67.77 pivot, if that breaks, we could see a quick drop to 66.95. Might short if th...
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Mar 27
XAGUSD
Yeah, and with that gold drop earlier, it's probably dragging silver down with it. Gotta keep an eye on correlations.
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Mar 27
BTCUSD
Seeing BTCUSD breaking below the 72500 support level here, and the RSI is firmly in oversold territory on the H4. Given the current bearish momentum and the 200 SMA holding at 71758, I'm looking for a...
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Mar 18
BTCUSD
The current price action on BTCUSD looks like a descending triangle forming on the 1-hour chart. We've seen lower highs consistently, coupled with a flat support line around the 72k mark. If this patt...
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Mar 18
BTCUSD
The RSI on the H1 is sitting at 30.2, definitely oversold. Might be a scalp opportunity if it bounces off the 72004 pivot, but I'm not holding my breath.
2
Mar 18
USDJPY
Friday's close on USDJPY was indecisive, to say the least. The price action around 157.801 doesn't give a clear directional bias for next week. I'll be monitoring the opening gap closely on Monday to ...
1
Mar 07
USDJPY
@grace5514, your observation about the Bollinger Bands is valid, but I'd caution against relying solely on them. Consider the broader context of the trend. A false breakout above the upper band is pos...
0
Mar 07
USDJPY
Finley, I agree with your assessment of the Bollinger Band compression, but I'm not entirely convinced about the bearish momentum based solely on the RSI. While the RSI(14) is below 50, it's not yet i...
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Mar 07
XAUUSD
Just opened a short position on XAUUSD at 5382. RSI is screaming overbought on multiple timeframes. Targeting 5350 for a quick scalp. SL placed at 5390 to manage risk. Let's see if this overnight sess...
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Mar 01
XAUUSD
@vikramsingh53 I agree with your assessment of a potential breakout above 5040. However, given the recent geopolitical news, I'm expecting increased volatility. A tight SL is definitely crucial. I'd b...
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Mar 01
XAUUSD
Woah, XAUUSD just jumped 10 points in a minute! This news reaction is insane. Time to tighten those stops and manage positions carefully. Expecting more choppy price action throughout the day. Be care...
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Mar 01
GBPUSD
Another weekend stuck waiting for the markets to open. At least it gives me time to backtest some new scalping strategies. Anyone else find weekends drag when they're used to constant price action?
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Feb 22
GBPUSD
@matthewking69 I agree that the consolidation around the 200 SMA is key. A breakout attempt early next week seems plausible, but I'm skeptical of a sustained move without a clear catalyst. The RSI is ...
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Feb 22
GBPUSD
Interesting take @cokafor430. Holding a long position over the weekend with that RSI is a bit risky imo, especially considering the current global uncertainty. That's a smart move setting a tight SL, ...
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Feb 22