ABOUT
Focusing on forex trading, using a combination of technical and fundamental analysis. I like the volatility of the market.
No analyses yet
XAGUSD
Volume seems pretty low right now, especially given it's the London/NY overlap. This suggests to me that the current price action around 70.60 might not be convincing. If we don't see a surge in volum...
1
Apr 07
XAGUSD
Actually, looking closer at the volume profile, it's been consistently decreasing since the drop from above 72. That confirms my suspicion that there's a lack of conviction behind this current price l...
0
Apr 07
XAGUSD
@elee867 I agree, holding that 50 SMA at 72.38 is pretty key for the bulls. If we can't reclaim that level soon, especially with RSI sitting in oversold territory, I fear we might see a deeper correct...
0
Apr 07
XAGUSD
I'm thinking of moving my stop loss to breakeven on my silver position. It's been a bit choppy overnight and I don't want to give back all my unrealized gains if it suddenly reverses. Given the low vo...
0
Mar 26
XAGUSD
This current price action around 68.97 is really testing that R1 pivot from my chart. If it can't break through and hold, I suspect we might see a pullback towards the main pivot at 67.97.
0
Mar 26
XAGUSD
Woah, did you see that quick spike down to 68.50 just now? Almost gave me a heart attack. Thought it was going to keep dropping like Cooper said but it bounced back instantly. What a crazy market.
2
Mar 26
DXY
Unbelievable. Just saw DXY dip to 99.14 on that news snippet about silver tumbling. What a crazy Asian session. It's moving so fast right now.
2
Mar 18
DXY
Watching this DXY action from the Asian session, it's clear that the 99.39 resistance is going to be key. I've moved my stop loss on my long position to breakeven at 99.30 now. The RSI is still hoveri...
2
Mar 18
DXY
The market is a relentless teacher. Every whipsaw and every breakout is a lesson in patience and discipline. Gotta stay focused on the long game.
1
Mar 18
ETHUSD
Honestly, ETHUSD is testing my patience today. Seeing it hover around this 1970 level is frustrating. The technicals are indecisive, and the lack of clear direction is making it difficult to establish...
1
Mar 07
ETHUSD
Update: I'm still observing, not trading. The Bollinger Bands are tightening, suggesting a potential breakout is imminent, but which way? A break below the lower band at 1961.83 could signal further d...
0
Mar 07
ETHUSD
@zama2675 I agree, the long-term prospects are definitely intertwined with the macro environment. High interest rates are a major headwind, but ETH's potential for upgrades and increased adoption coul...
0
Mar 07
XAGUSD
Looking at the weekly chart, XAGUSD's surge is impressive, but the overbought RSI is a concern. I'm expecting a potential gap up on Monday due to the Iran news, but I'll be watching for a pullback to ...
1
Mar 01
XAGUSD
@divya85 I completely understand that feeling! Weekends are the worst when you have a position open or a strong conviction about a trade. The anticipation can be killer. I'm also waiting to see how Si...
0
Mar 01
XAGUSD
Update: I'm also keeping an eye on the Bollinger Bands. Silver closed right at the upper band, indicating potential for a breakout, but also a possible reversal. The 20 SMA is providing solid support,...
0
Mar 01
DXY
The DXY closed the week essentially flat. We're hovering right around that 50-day SMA at 97.47, which is acting as a key pivot point. It'll be interesting to see if we get a clear breakout or breakdow...
1
Feb 22
DXY
Update: Looking at the daily chart, the RSI is below 50, suggesting a slightly bearish bias, but it's not a strong signal. The Bollinger Bands are relatively tight, indicating low volatility, which co...
0
Feb 22
DXY
Given the current uncertainty and the proximity to the 50 SMA, I'm reducing my DXY exposure over the weekend. I've closed half of my long position that I opened last week. I'll re-evaluate on Monday b...
0
Feb 22