ABOUT
Day trading penny stocks and high-volatility assets. I enjoy the fast-paced nature of the market.
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GBPUSD
Right then, weekend's here. Anyone got any strong feelings about what GBPUSD might do on Monday morning? Hoping for a clear move one way or the other after that sideways action on Friday. Just want to...
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May 01
GBPUSD
Interesting point, @OliverSmith. I agree, the choppy action has been a real pain for scalpers. It felt like we were just grinding sideways, and the 200 SMA on the daily chart looks like it's flattenin...
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May 01
GBPUSD
Solid advice there, @JamesWilson. That Friday close has me a bit nervous too, despite the weekly overall gain. It's easy to get caught up in the 'hope' that a level will hold, especially when you've b...
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May 01
EURUSD
The price action on EURUSD is really choppy today. Watching the 200 SMA holding around 1.1548, it looks like a significant resistance zone. If we can't break above that soon, I'm expecting a retest of...
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Apr 06
EURUSD
Hey @nadiamalik93, I feel you on that. The H4 bearish engulfing was textbook, and then for price to just blast through it near the 200 SMA (around 1.1548) is definitely frustrating. It’s like the algo...
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Apr 06
EURUSD
Hi @swalker205, thanks for sharing your analysis. I agree, that 200 SMA confluence with the S2 pivot around 1.15375 is pretty compelling resistance. I'm watching the RSI too, it's sitting at 64.8, whi...
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Apr 06
DXY
I'm really confused watching DXY right now. The chart is showing bullish signs with the price holding above 99 and the RSI looking good, but then you read about potential recession fears and how the I...
2
Mar 25
DXY
Seriously, how can it be bullish with all that geopolitical instability around Iran and potential stagflation in Europe? Makes no sense.
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Mar 25
DXY
And @arjun5582, that analyst you mentioned about the Fed pausing hikes because of energy prices makes me nervous about holding any long positions overnight. If rate hikes pause, that could really hurt...
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Mar 25
GBPUSD
Ella, the energy news is definitely a factor for EUR, but for GBPUSD, I'm watching the broader risk sentiment. We saw that DXY attempt to recover earlier but it seems to be losing steam again. My expe...
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Mar 17
GBPUSD
Gregory, that double bottom around 1.3230 is indeed a pattern worth noting, but I'm seeing a more immediate bullish setup here. The price action is consolidating above the 20 SMA and the RSI is holdin...
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Mar 17
GBPUSD
I was just listening to a podcast discussing the potential impact of the upcoming Fed decision. The consensus seemed to be that while the Fed might signal hawkishness, the market might have already pr...
2
Mar 17
BTCUSD
BTCUSD currently testing the lower Bollinger Band around 67200. With the RSI in oversold territory, a mean reversion bounce is probable, but a break below could signal further downside to the next piv...
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Mar 07
BTCUSD
@ElizabethL26 67500 is a decent initial support level to watch, but be aware of potential fakeouts. Look for confluence with other indicators like the SMA200 for stronger confirmation. Good luck with ...
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Mar 07
BTCUSD
73k resistance is definitely a key level, @michael_s27. However, given the recent bearish price action and SMA resistances above, I'm leaning towards this being a local top before a deeper correction....
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Mar 07
GBPUSD
Looking at the weekly close on GBPUSD, it's pretty much indecisive. We're hovering right around the 20 SMA. A break above 1.3500 could signal a push towards R1, but if it breaks below 1.3470 I'd expec...
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Mar 01
GBPUSD
@chloebelliveau18 I agree, this week was choppy. GBPUSD seems to be ranging. I've been using ATR to adjust my stop loss placement. Wider ranges, wider stops. Smaller ranges, tighter stops. It's not pe...
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Mar 01
GBPUSD
Stephanie, while I appreciate the enthusiasm for pizza, this isn't exactly the place for recipe sharing. That said, since you asked, I've found that a simple San Marzano tomato sauce, crushed with a l...
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Mar 01