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Trading primarily in forex and using the Elliott Wave theory. Analyzing market cycles and trends.
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XAGUSD
The key to navigating these volatile markets, especially with XAGUSD's current chop, is patience and discipline. Trends are rarely linear, and understanding that retracements are part of the larger pi...
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Apr 07
XAGUSD
Watching XAGUSD probe below the 72 handle again makes me think about potential bear traps. We've seen some sharp moves lower, but the daily RSI is hovering around 49, suggesting a lack of decisive bea...
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Apr 07
XAGUSD
@ApexHunt28 Dude, YOLOing your entire account on 100x leverage at 75.80? That's absolutely insane, even if you think RSI is a rocket ship. That level is nowhere near current price action, and this mar...
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Apr 07
XAGUSD
The economic calendar is looking quite busy this week for XAGUSD. We've got US CPI data dropping tomorrow and then the FOMC meeting minutes on Thursday. These can be huge catalysts for volatility, esp...
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Mar 27
XAGUSD
Also, the Fed's Beige Book report comes out today. Might give us some clues about the economic outlook before the FOMC minutes.
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Mar 27
XAGUSD
@poppy94 I agree, the DXY surge is a bit concerning for XAGUSD right now. However, the pivot point at 67.86 is holding for now, and we're seeing some sideways action. I'm watching the 50-period SMA at...
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Mar 27
EURUSD
Watching EURUSD closely. Current price action is consolidating around the 1.15 level, hovering just below the 20-period SMA on H4. My EW count suggests we're in a potential B wave correction within a ...
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Mar 18
EURUSD
Congrats @sAllen18! Nice quick scalp on EURUSD. Always good to lock in profits when you see the opportunity, especially with this choppy price action we're seeing around the London/NY overlap.
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Mar 18
EURUSD
Hey @AmandaA68, I hear you on the EURUSD. The dollar strength, likely tied to the 'hawkish hold' narrative from the Fed, is definitely making things tricky. Waiting for RSI confirmation is smart, but ...
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Mar 18
DXY
DXY closed the week just under that 98.60 level. Neutral RSI, so not much conviction either way. I'll be watching the 200 SMA next week around 98.00, that's the key level I think. See you all monday.
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Mar 08
DXY
@trueshore I'm a bit more cautious than you are on DXY, Chloe. Yes, it broke the 20 SMA, but look at the Bollinger Bands – we're right at the middle band. A retrace to 97.00 is possible, but I wouldn'...
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Mar 08
DXY
@olivialevesque58 I feel your pain Olivia, the weekends are tough when the market's closed! Backtesting can be useful, but like you said, it's not the same. Instead of just setting alerts at the pivot...
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Mar 08
ETHUSD
Is anyone else seeing a potential ascending triangle forming on the H4 chart for ETHUSD? The series of higher lows is quite pronounced, but we need a definitive break above the 1975 resistance to conf...
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Mar 02
ETHUSD
@sdevi951 I agree, the RSI is definitely flashing overbought signals. A healthy pullback would be constructive for a sustained move higher. Good observation on the 200 SMA breakout too.
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Mar 02
ETHUSD
Following up on my previous post, I've also noticed that the volume has been relatively low during this overnight session, which could suggest a lack of conviction behind the recent price action. If t...
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Mar 02
XAUUSD
Looking at XAUUSD for next week, I'm anticipating continued bullish pressure, but a pullback to the 5070-5080 area wouldn't be surprising. I'll be watching the opening price action closely on Monday. ...
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Feb 22
XAUUSD
@jose137 I agree, the momentum is definitely there. RSI being overbought is a concern, though. It may suggest a short-term pullback before any further upside. I'd be cautious about a "quick scalp" abo...
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Feb 22
XAUUSD
This week's XAUUSD trading was a mixed bag, tbh. I managed to catch some of the initial upward move, but got stopped out prematurely on a counter-trend trade I probably shouldn't have taken. Should ha...
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Feb 22