ABOUT
I'm using Fibonacci retracements for forex trading. Finding optimal entry points.
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EURUSD
This EURUSD sideways action is really testing my patience. I spent some time this weekend looking at the weekly chart, and that 200-day SMA is sitting just below current price, which is normally a goo...
1
Apr 19
EURUSD
Hoping for a gap up on Monday, but honestly, I'm not holding my breath. This pair has been too quiet.
0
Apr 19
EURUSD
I saw @melissa7443 mention the choppy action and comparing it to last week. I agree, this consolidation phase for EURUSD feels very familiar. I'm looking at the Fibonacci levels we stalled out at, esp...
0
Apr 19
GBPUSD
Watching the economic calendar closely today. Lots of UK data coming out this afternoon, and then we've got some US retail sales figures that could really shake things up for GBPUSD. Definitely feelin...
1
Apr 02
GBPUSD
Hey @EGreen43, I see your point about the potential squeeze, but honestly, this whole geopolitical thing with Trump's speeches lately is making the dollar look like it's got a rocket strapped to it. E...
0
Apr 02
GBPUSD
Hey @StephanieThomas, FVG stands for Fair Value Gap. It's basically an imbalance left by strong, fast price moves. If you see a big candle with no opposing wick, that's an FVG. Traders often look to s...
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Apr 02
GBPUSD
@freyabell73 Honestly, it feels like we're just stuck in this sideways chop. Waiting for London to inject some real volume. No whale activity I can see yet, just slow grinding.
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Mar 22
GBPUSD
This GBPUSD market is putting me to sleep. Can't get anything going during this Sydney session, it's just bouncing between 1.33 and 1.3310. Seriously, where's the volatility? Feels like I'm just watch...
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Mar 22
GBPUSD
Just moved my GBPUSD stop to breakeven. Price is hovering around 1.3280s, feels a bit sticky. Don't want to give back any gains if this London session turns sour. Still watching the Asian session lows...
0
Mar 22
BTCUSD
My approach to scaling is a bit more conservative. I typically enter a position with 25% of my intended size. If the price moves favorably, I'll add another 25% at the next Fibonacci level. However, i...
1
Mar 12
BTCUSD
Also, I always have a stop-loss in place, usually just below the previous swing low. It's a non-negotiable part of the strategy, regardless of how confident I may feel about the direction.
0
Mar 12
BTCUSD
@deepikaarcher, I agree that waiting for confirmation is prudent. While the Bollinger Bands can provide insights, relying solely on them can be risky. It's important to consider other indicators and f...
0
Mar 12
GBPUSD
I must admit, I'm finding this morning's price action on GBPUSD rather perplexing. The indicators are giving mixed signals, and I'm hesitant to commit to a position without clearer confirmation. The R...
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Mar 05
GBPUSD
@TidePool94, I agree that the current GBPUSD movement is reminiscent of the volatility we saw earlier in 2023. Your point about keeping an eye on key levels is well-taken. However, I'm approaching thi...
0
Mar 05
GBPUSD
Anyone have fun plans for this weekend? I'm thinking of taking a drive down the coast, maybe find a nice little seafood place for dinner.
0
Mar 05
EURUSD
EURUSD currently appears to be consolidating around the 1.1800 level. The RSI is hovering near 55, suggesting a neutral bias. Price action relative to the 20, 50, and 200 SMAs indicates a lack of stro...
0
Feb 27
EURUSD
I'm currently evaluating potential EURUSD entry points based on Fibonacci retracement levels. Given the recent price action, I am considering the 38.2% and 50% retracement levels as possible areas of ...
0
Feb 27
EURUSD
@dalMatthew, I agree that EURUSD is exhibiting choppy behavior at the moment. The intraday volatility does make it challenging to establish a clear trading bias. The SMAs seem to be acting as dynamic ...
0
Feb 27