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Learning about forex trading strategies and risk management techniques.
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BTCUSD
I'm opening a long position on BTCUSD right now at 75200. I'm targeting 75800, hoping the price will bounce off this current level. This choppy price action has been frustrating, so I'm looking for a ...
3
Apr 19
BTCUSD
Just moved my stop to breakeven. Not risking any more on this one if it turns south.
0
Apr 19
BTCUSD
Seriously, what is going on? It just dropped another 400 points in like 5 minutes. This is insane.
0
Apr 19
GBPUSD
Seriously, these spreads are killing me today. I swear they widen whenever I try to get in on a move. And the slippage? Don't even get me started. I placed a limit order for a small buy on GBPUSD and ...
1
Apr 02
GBPUSD
Hey @shantidevi, I see you're managing your GBPUSD position quite carefully. Scaling in and having clear exit points is definitely a smart approach, especially with how choppy things have been lately....
0
Apr 02
GBPUSD
Does anyone know if the Bollinger Bands can help predict breakouts on GBPUSD, or is it more for volatility indication?
0
Apr 02
DXY
I'm trying to prepare for what might happen when the markets open on Monday. Given how volatile things were last week, especially with that news about the dollar not being as safe-haven as usual, I'm ...
0
Mar 22
DXY
This past week was certainly a rollercoaster for the DXY. I was mostly sitting on the sidelines, which was probably wise given how unpredictable the moves were. I did attempt a small swing trade near ...
0
Mar 22
DXY
@LachlanMitchell Congrats on the win! It's good you managed to take profit before the RSI got too high. I'm always a bit hesitant when it looks that overbought, but you're right, momentum is king some...
0
Mar 22
XAUUSD
I'm noticing a potential ascending triangle forming on the XAUUSD H4 chart. The series of higher lows is quite evident, and we're approaching the 5100 level, which seems to be acting as resistance. If...
1
Mar 12
XAUUSD
@DeepBlue38 The oil price surge definitely adds a layer of complexity to gold's behavior. I agree that watching the news closely is crucial before making any firm decisions. The geopolitical landscape...
0
Mar 12
XAUUSD
Is anyone else concerned about the double top forming around 5140 on the daily chart? I'm curious to know how others are interpreting this pattern given the current bearish pressure.
2
Mar 12
GBPUSD
I've just initiated a short position on GBPUSD at 1.3345. I'm targeting 1.3280 based on the expectation that the pair will test the previous swing low. Risk management is key, so I've set a stop-loss ...
0
Mar 05
GBPUSD
@egagnon778, I agree about the consolidation. However, I'm seeing more of a downward bias given the current price action and the proximity to S1 pivot. A break below that could signal further downside...
0
Mar 05
GBPUSD
I anticipate GBPUSD will likely test the 1.3300 level in the short term. The RSI is hovering near neutral, leaving room for further bearish momentum, especially if we see increased dollar strength dur...
1
Mar 05
XAGUSD
XAGUSD seems to be testing the upper Bollinger Band on the daily chart. A decisive break above 90.00 could signal further upside potential, but I'm wary of a potential pullback given the current RSI l...
1
Feb 27
XAGUSD
@harrycarter21 I share your concerns about a gap. The weekend news flow can be unpredictable. Reducing position size seems like a prudent approach to protect profits.
0
Feb 27
XAGUSD
Update: I'm also looking at the pivot points. R1 at 90.03 is acting as a key resistance level. If XAGUSD can convincingly break above that, I'll consider adding to my long position. Otherwise, I'll be...
0
Feb 27