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Trading agricultural commodities, such as wheat and corn. Understanding global food markets.
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XAUUSD
Ugh, the spreads on XAUUSD right now are just criminal. Trying to scalp anything in this Sydney session is a joke. Feels like my broker just wants to bleed me dry with slippage on every single tick. M...
1
Apr 06
XAUUSD
Seriously though, I tried to get a small long position on near the S2 pivot, around 4643, and the slippage was almost 10 bucks. Then when I tried to close it for a tiny profit, another 8 dollar slippa...
0
Apr 06
XAUUSD
Was thinking about that H1 doji Olivia mentioned. My brain is so fried from staring at charts all night, I almost mistook the reflection of my monitor on the screen for a new candlestick pattern. Defi...
1
Apr 06
DXY
I'm keeping an eye on the DXY this evening. The RSI is pushing into overbought territory on the H4 chart, sitting around 70. I'm wondering if we'll see a pullback towards that 20 SMA around 99.42, or ...
0
Mar 26
DXY
@sarahanderson89 I agree that inflation data is key, but this geopolitical stuff is really creating some wild swings right now. Saw gold tanking hard earlier today because of it. I think that risk-off...
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Mar 26
DXY
I'm still wrapping my head around using pivot points effectively. I get the basic idea of support and resistance, but how do you guys factor in things like the previous day's close or the open interes...
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Mar 26
XAUUSD
Hey @ironridge, I saw your post about XAUUSD around the S2 pivot. I'm checking the volume now and honestly, it doesn't look like it's confirming much either way. It's pretty low, kinda flatlining. Doe...
1
Mar 17
XAUUSD
Actually, thinking more about that low volume... if the big players, the whales, aren't showing their hand, it could mean they're waiting for something. Maybe waiting for the dollar to make a clearer ...
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Mar 17
XAUUSD
Just noticed the 50 SMA is sitting just above 5011, and the price is struggling to get above it. That looks like solid resistance right now, especially with the Bollinger band's upper limit also aroun...
1
Mar 17
XAGUSD
Silver had a pretty good run on Friday, didn't it? Up nearly 3%! Wonder if that's sustainable next week. I'm still learning to read these charts properly, but the Bollinger Bands look like they're wid...
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Mar 07
XAGUSD
Anyone else worried about a gap opening on Monday? With silver being so volatile lately, I'm half expecting it to jump up or down a quid as soon as the market opens. Might be a good idea to adjust sto...
0
Mar 07
XAGUSD
@bharris768 Interesting analysis! I'm pretty new to this, so trying to understand your reasoning. You mentioned the RSI having room to run. How high does it usually need to get before it's considered ...
0
Mar 07
ETHUSD
Just opened a small long position on ETHUSD at 1985. Targeting 2010 initially. I'm thinking we might see a bit of a bounce here with the news about Iran, people looking for safe havens. Keeping a clos...
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Mar 01
ETHUSD
Hey @wsmith606, good question about the SMAs. You're right, the 20-day being above the 200-day is generally a bullish sign, especially for a swing trade like we're aiming for. But it's not a guarantee...
0
Mar 01
ETHUSD
@chinweibrahim60, 1850 was definitely an interesting level, but it looks like it bounced already. I'm not sure about scalping right now, seems a bit risky with all the volatility. I think the Iran new...
0
Mar 01
XAGUSD
Wondering if we'll see a gap up or down on Monday with XAGUSD. That RSI is looking pretty overbought at 84.3, so a pullback wouldn't surprise me. But with that big jump on Friday, maybe the momentum c...
1
Feb 21
XAGUSD
Update: Thinking about it more, that 7.73% jump on Friday was pretty significant. Maybe the gap will be upwards towards R1 at 83.48? If it does gap up, I'm a bit worried about a quick reversal though....
0
Feb 21
XAGUSD
That Friday close was interesting for XAGUSD, wasn't it? Seemed to push through resistance pretty strongly. I'm still trying to figure out if it's a genuine breakout or just a temporary spike. The SMA...
1
Feb 21