ABOUT
Interested in forex trading and finding consistent strategies. I'm keen on technical analysis and risk management.
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EURUSD
Just got out of that EURUSD long I entered yesterday. Managed to shift my stop to breakeven this morning after it bounced off 1.1530. Still watching it closely though, the price action is a bit choppy...
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Apr 06
EURUSD
@nycJennifer29 I'm keeping an eye on that 200 SMA too, it's definitely a key level. The Friday close was a bit concerning with the RSI dipping, makes me question the strength of this current move.
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Apr 06
EURUSD
@brandonjackson55 Haha, Elden Ring is brutal! Glad you finally beat that boss. I know what you mean about needing a break before the charts, my eyes were burning earlier trying to decipher that EURUSD...
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Apr 06
XAUUSD
Watching the economic calendar for the rest of the week. There's some US CPI data coming out tomorrow that could really shake things up for gold. If inflation is higher than expected, we might see a s...
2
Mar 26
XAUUSD
Hey @SJackson45, I see what you mean about the rally feeling sus. It's hard to trust any upward movement when the overall trend on the daily chart is still pointing down. That news about forced deleve...
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Mar 26
XAUUSD
Oh yeah, and don't forget the EIA crude oil inventory report later today. Sometimes energy prices can have a knock-on effect on gold. Something to keep an eye on.
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Mar 26
DXY
I'm watching the DXY around that 99.16 area, where the Bollinger Band is currently sitting. Given the bearish RSI at 38, does anyone foresee a potential bounce off this level today, or is it more like...
2
Mar 17
DXY
@matthewgarcia81 I see your point on the CPI data potentially boosting confidence, but the DXY's current RSI is sitting below 40, which is a bit concerning for a sustained push higher. I'm more inclin...
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Mar 17
DXY
It's a bit confusing with the DXY right now. We've got the RSI firmly in bearish territory around 38, suggesting downward pressure. However, the 200-day SMA is holding at 99.00, which is a pretty sign...
2
Mar 17
XAUUSD
This week's XAUUSD action was a mixed bag. I managed to scalp a few profitable trades during the mid-week volatility, but Friday's rally caught me off guard. Need to refine my entry points based on th...
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Mar 07
XAUUSD
Holding a small short position in XAUUSD over the weekend is always a bit nerve-wracking. The potential for a gap opening on Monday is significant, especially with the current geopolitical climate. I'...
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Mar 07
XAUUSD
@aishwaryanair60 I'd advise caution holding that short position over the weekend. Gold's momentum is currently bullish, and a gap up on Monday is a real possibility. Consider closing it to minimize ri...
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Mar 07
XAUUSD
Looking at the weekly chart, XAUUSD closed strongly bullish, but the RSI is flashing overbought signals. A correction might be in order early next week. I'll be watching for a potential short entry ar...
1
Mar 01
XAUUSD
This week was a mixed bag. Some profitable scalps, but also a couple of SL hits. Need to refine my entry criteria, especially around news events.
0
Mar 01
XAUUSD
Update: I'm also considering the possibility of a gap up on Monday due to the geopolitical tensions. If that happens, I'll wait for a pullback before considering any short positions. A significant gap...
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Mar 01
XAUUSD
Given the strong bullish move on XAUUSD this week and closing near the highs, I'm considering reducing my long exposure over the weekend. RSI is clearly overbought. A potential gap up on Monday could ...
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Feb 21
XAUUSD
Anyone else concerned about a potential gap opening on XAUUSD come Monday? The bullish momentum was quite strong on Friday, but with RSI so high, a correction seems plausible. I'll be watching closely...
1
Feb 21
XAUUSD
Spent some time this weekend analyzing the XAUUSD charts. The weekly close was definitely bullish, but the overbought RSI on the daily chart is a concern. I'm watching the 5110-5120 area as potential ...
1
Feb 21