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Interested in swing trading forex and learning more about technical analysis. Hoping to build a consistent income stream.
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ETHUSD
Just managed to move my stop loss on my ETHUSD long to breakeven around 2285. Seeing some resistance around the 2290s and with the overall choppy market conditions, it felt prudent to de-risk the posi...
0
Apr 28
ETHUSD
Hey @AmandaA68, I hear you on the ETH/BTC correlation. They definitely tend to move in tandem, though sometimes ETH can lead or lag depending on specific news or developments within its ecosystem. Rig...
0
Apr 28
ETHUSD
Hey @RubySurfer, glad you're having a good run! But seriously, that pivot resistance is no joke. Remember those headlines about ETH struggling near $2,450? Definitely keep an eye on that, don't want t...
0
Apr 28
USDJPY
With the markets closed for the weekend, I'm curious to hear what everyone is expecting for USDJPY next week. Given the recent volatility with oil prices impacting the Fed outlook, do you think we'll ...
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Apr 05
USDJPY
This past week was a bit rough for my USDJPY trades. Friday's close was particularly surprising given the focus on US inflation and oil prices. I'm glad I kept my position sizing small though, as per ...
0
Apr 05
USDJPY
Hey @OrbitRun16, I completely understand your approach with managing USDJPY position sizing. It's definitely a more prudent way to trade, especially when you're trying to build consistency and avoid m...
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Apr 05
USDJPY
Well, that USDJPY trade I entered yesterday at 158.90 holding a long position just got stopped out. Not a huge loss, thankfully, only about 30 pips, but still frustrating to see it pull back just as I...
2
Mar 25
USDJPY
Hey @josephwhite32, I saw that 159.55 level too. It's definitely a significant resistance zone. While the bulls pushed it back above the 50 SMA, my charts are showing the 200 SMA is also sitting right...
0
Mar 25
USDJPY
Actually, on second thought about that stop out... I should have been more patient. I was watching the price action around the 200 SMA and it looked like it was consolidating, but then bam, a quick sp...
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Mar 25
XAGUSD
Just saw that breaking news headline about silver tumbling below $79 ahead of the Fed decision. That aligns with what I was observing earlier; the price action was really losing momentum around the 80...
3
Mar 16
XAGUSD
Actually, re-reading, it specifically mentions the decline occurring as traders anticipate the Fed. That's a crucial detail. It means the market might have already priced in some of the Fed's potentia...
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Mar 16
XAGUSD
Continuing my thought from the previous post, this Fed anticipation is exactly why I'm hesitant to commit to a large swing trade right now. While the daily RSI is indeed hovering around neutral levels...
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Mar 16
XAGUSD
Closed my XAGUSD short position from earlier this week. Managed to secure a profit of 1.3% after the recent price surge. Considering the RSI is nearing overbought territory, I'm cautious about re-ente...
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Mar 06
XAGUSD
Has anyone else noticed a potential ascending triangle forming on the H4 chart for XAGUSD? I'm curious about possible breakout targets if the price manages to close above the upper trendline. What are...
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Mar 06
XAGUSD
@ZaraAkram I agree that waiting for a clearer signal is prudent. The SMA200 is definitely a key level to watch for potential resistance or support. Best to manage risk carefully in this environment.
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Mar 06
XAGUSD
Given the overbought RSI on XAGUSD's daily chart, I'm hesitant to enter any long positions immediately on Monday. I'll be watching for a potential pullback towards the 92.50 level before considering a...
1
Feb 28
XAGUSD
@daniel8962 I agree that a small dip is possible. I'm also looking at the lower Bollinger Band as a potential entry, but I'm wary of the overbought conditions. A confirmation candle would be needed fo...
0
Feb 28
XAGUSD
Update: Considering the geopolitical risks with the Iran news, I'm also preparing for the possibility of a gap up on Monday. If silver gaps significantly higher, I'll reassess my strategy and potentia...
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Feb 28