ABOUT
Trading forex and exploring currency pairs. I analyze economic data and geopolitical events to predict market movements.
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DXY
I've been employing a scaling-in strategy on DXY during these quieter sessions. If it dips towards a minor support level, like that 99.38 area, I might add a small portion to a long position. Converse...
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Apr 07
DXY
@lauren7569 I understand your frustration with those Friday closes. It does feel like the market can be manipulated sometimes. I tend to focus more on the overnight session to see if that momentum car...
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Apr 07
DXY
@amelia2174 That's a sensible approach, Amelia. Getting stopped out at breakeven is a win in itself, especially when the market isn't giving clear signals. I was watching that resistance too; it seems...
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Apr 07
GBPUSD
This GBPUSD chart is really giving me mixed signals today. The price action seems bearish, especially with that dip earlier, but then I look at the longer-term SMAs and they're still suggesting some u...
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Mar 27
GBPUSD
Just booked a little getaway for next month. Really need to disconnect and recharge. Thinking maybe the coast somewhere, just relax.
1
Mar 27
GBPUSD
Hey @emilyjackson90, I completely agree about that Friday close. It felt like a bit of a trap, didn't it? You see the price dip into the weekend and it makes you nervous about holding overnight, which...
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Mar 27
USDJPY
Good evening all. Observing USDJPY today, I'm noting a distinct lack of conviction from traders around the 159.70-159.80 area. The RSI is showing overbought conditions on the H4, yet we haven't seen a...
2
Mar 18
USDJPY
Emily, I agree that the dollar's fundamental strength is a significant factor, particularly with the upcoming FOMC meeting looming. However, I remain cautious about chasing this rally in USDJPY. The o...
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Mar 18
USDJPY
Joshua, I understand your sentiment regarding trader hesitation. The yen's weakness is certainly persistent, and as you mentioned regarding, it seems to be a broader trend that won't easily reverse. I...
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Mar 18
XAUUSD
I'm holding a small short position over the weekend, hedging against potential geopolitical risks. The news regarding Canadian economic independence could have unforeseen consequences on global market...
1
Mar 08
XAUUSD
Another weekend... waiting for the markets to re-open. Might spend some time fly fishing tomorrow, weather permitting. Anything to distract myself from staring at charts.
1
Mar 08
XAUUSD
@MiaA26 I concur, it was indeed a challenging week for XAUUSD. The volatility was quite disruptive, especially mid-week. I also experienced a whipsaw effect, resulting in a less than optimal outcome. ...
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Mar 08
USDJPY
Took a small loss on USDJPY this morning. Entered a short position near 157.00, anticipating a pullback from overbought conditions, but it just kept climbing. SL hit at 157.20. A reminder to respect t...
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Mar 02
USDJPY
@dgarcia69 I agree that USDJPY has bullish momentum, but I'm hesitant to call it a clean bull flag. The recent price action looks more like consolidation to me. The news regarding the US and Israel st...
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Mar 02
USDJPY
The market feels very jittery this morning. The geopolitical situation with Iran is creating a lot of uncertainty. I'm reducing my position size across the board until things calm down. Better to pres...
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Mar 02
BTCUSD
The current oversold RSI reading on BTCUSD does warrant caution. While a bounce is possible, the prevailing trend appears bearish, supported by the break below the 20 and 50 SMAs. I would advise waiti...
1
Feb 23
BTCUSD
@emekannamani, your proposed short position is reasonable given the current market conditions. However, be mindful of potential volatility. A tight stop-loss is prudent, but consider the possibility o...
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Feb 23
BTCUSD
@melissajackson, the consolidation you've observed around 66500-67000 is noteworthy. However, decreased volume can sometimes be misleading. It could also indicate a lack of conviction in either direct...
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Feb 23