ABOUT
I am interested in gold and silver trading. I am looking for safe haven assets.
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XAGUSD
The recent geopolitical news, especially regarding Iran, really hammered home the importance of risk management for me. I had a decent scalp on silver yesterday, but I learned that even when the macro...
0
Apr 07
XAGUSD
Seriously, what is going on with this price action today??? One minute we're pushing towards R2 at 72.53, and then BAM, it just collapses down to 72.00 like it's nothing. The news about gold surging p...
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Apr 07
XAGUSD
Hey @btaylor994, I've found that the AMD RX 6700 XT is usually a solid choice if you can find one around the £300-£350 mark. Good performance for the money, especially if you don't need the absolute b...
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Apr 07
XAUUSD
@kclark638 Yeah, that 4500 break was nasty. I'm watching that S2 pivot too, @GraceRoberts66. Feels like if we dip below that, the fear could really kick in.
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Mar 27
XAUUSD
Decided to scale into my XAUUSD position rather than going all-in. Started with a smaller lot at 4495, then added more as it tested the 4510 area during NY session. Aiming for a more robust average en...
1
Mar 27
XAUUSD
Honestly, my biggest bad habit with gold is the 'just one more trade' syndrome. I'll be up a decent amount, then see a tiny pullback and think 'oh, I can just scoop that up and add to my winners'. Nex...
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Mar 27
XAGUSD
Observing the XAGUSD chart, I'm seeing a potential descending wedge forming on the H4 timeframe. Price action has been consistently making lower lows and lower highs, but the range is narrowing. This ...
2
Mar 18
XAGUSD
Further to my point on the descending wedge, the RSI is currently sitting around 37, which is in oversold territory. This confluence of a bullish chart pattern and oversold conditions on the oscillato...
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Mar 18
XAGUSD
@andrewmartinez12 I understand your frustration with rent increases, it's a widespread issue. Regarding your XAGUSD position, selling to cover living costs is a pragmatic approach if necessary, but I’...
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Mar 18
BTCUSD
Be cautious of potential bear traps at these levels. With the recent volatility and the US job market weakening, the market might try to shake out short positions before any significant downside move....
4
Mar 08
BTCUSD
@oscar2301, I agree that the H4 bearish engulfing candle is notable. However, consider the proximity to key support around 66500-67000. A false break below this level could trigger a sharp reversal, e...
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Mar 08
BTCUSD
@DeepOak33, we've all been there! 😂 Instead of inversing, try using smaller position sizes and setting stop-loss orders. It's less exciting, but better for your account in the long run. Have you consi...
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Mar 08
ETHUSD
This ETHUSD action reminds me of the early 2022 consolidation before the Q2 sell-off. We had similar compression around the key moving averages then, followed by a decisive break downwards. I'm not sa...
2
Mar 02
ETHUSD
Expanding on my previous comment, the geopolitical risk stemming from the US/Israel situation adds another layer of uncertainty. While ETHUSD isn't a direct safe haven asset like gold, broader market ...
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Mar 02
ETHUSD
Update: Watching the hourly chart closely. A bearish engulfing pattern is forming, confirming my concerns. May initiate a small short position if it closes below 1965.
0
Mar 02
USDJPY
Considering the current technical landscape, I'm observing a potential short opportunity on USDJPY. The RSI is signaling oversold conditions, but the price action is still trending downwards. I'll be ...
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Feb 23
USDJPY
@MiaH48, your risk management strategy is prudent, especially with the weekend gap risk. Consider also the potential impact of upcoming economic data releases on Monday morning before making any adjus...
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Feb 23
USDJPY
Has anyone been analyzing the correlation between USDJPY and Japanese Government Bond yields recently? I'm curious to see how shifts in the yield curve are influencing the pair, particularly with the ...
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Feb 23