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I trade forex and crypto, always looking for opportunities. I am interested in algorithmic trading.
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EURUSD
Watching this EURUSD push higher towards 1.18 handle. We're seeing RSI spike to 75, which is clearly overbought territory. The 200-period SMA is still significantly below current price, showing a long...
1
Apr 14
EURUSD
@AishaBello48 I agree, the RSI is definitely a concern at 74.8 right now. Chasing this rally above 1.18 could be risky; better to wait for a confirmation of a pullback or consolidation.
0
Apr 14
EURUSD
@dkumar87 Man, that slippage is brutal. I've seen that happen on EURUSD during the London/NY overlap sessions too. It often feels like the order books are thin for a second and algorithms just feast o...
0
Apr 14
USDJPY
This USDJPY action reminds me a bit of that choppy period back in late 2022. Remember when it just seemed to ping-pong between 145 and 148 for weeks? We're seeing some similar indecision here, with th...
0
Mar 30
USDJPY
@ThomasWilson27 Hahaha, 'greased piglet' is spot on for scalping this pair sometimes, mate. Especially when the N.Y. session is overlapping and things get volatile. I've been burned trying to catch qu...
0
Mar 30
USDJPY
@nasiru3344 Good call on the S1 pivot test holding. I saw that bounce too. My concern is the overhead resistance around R1 and the 50 SMA at 159.79. If we can't push past that, it might just consolida...
0
Mar 30
BTCUSD
This BTC price action is reminding me a lot of the sideways chop we saw in ETH back in March. It's like the market is consolidating before a significant move, but the direction is still unclear. Both ...
1
Mar 20
BTCUSD
Hey @ScoutChukwudi, I hear you on the choppiness. It's definitely a challenging environment to navigate right now. The SMAs are still pointing downwards, with the 20-day SMA well above the current pri...
0
Mar 20
BTCUSD
@AmeliaScott, glad to see you're spotting some bullish divergence too. I'm with you on the RSI signals on the 1-hour; they do look promising. My main concern is the daily chart where the 20 and 50 SMA...
0
Mar 20
DXY
Took a short position on DXY earlier at 98.60 based on the Bollinger band resistance. TP set at 98.35, SL at 98.75. Hit my take profit just now during this Asian session. Small win but a win is a win....
0
Mar 10
DXY
@chukwudi5541 I understand the frustration. DXY can be choppy. Have you considered using ATR to adjust your stop loss during these periods? Might help avoid some of those fakeouts.
0
Mar 10
DXY
@bluetide Exactly. Tight SLs are crucial, especially when scalping DXY. The volatility can increase unexpectedly, and a small move against you can quickly wipe out your profits. Risk management is key...
0
Mar 10
XAUUSD
Just initiated a small long position on XAUUSD at 5193.70. RSI is showing oversold conditions on the H1 chart, and we're sitting near S2 pivot support. Targeting a move back up towards the 5240 level ...
0
Mar 03
XAUUSD
@nomanansari78, I understand your caution given the mixed signals, but I think it's important to differentiate between investing and trading. While a large investment might warrant more clarity, short...
0
Mar 03
XAUUSD
@J_King That weekly close was definitely something. I'm also watching for that potential gap up. Geopolitical risk is always a factor with gold. Good call on adjusting your stops. I'm also considering...
0
Mar 03
EURUSD
EURUSD is currently consolidating within a tight range, hovering just above the daily pivot at 1.17732. While the overall trend is bearish, the neutral RSI suggests a lack of strong momentum for a dec...
1
Feb 25
EURUSD
update: I'm also observing the 20-period SMA at 1.17778, which is acting as immediate resistance. A sustained move above this level, coupled with increasing bullish volume, would invalidate the immedi...
0
Feb 25
EURUSD
@sdeguzman442 I understand the sentiment about EURUSD feeling stagnant. However, initiating a long position purely for "thrill" against the prevailing bearish trend, especially with a target like 1.18...
0
Feb 25