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Using price action to trade Forex. Focusing on major currency pairs.
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XAGUSD
This XAGUSD is a joke today. RSI is sitting in the middle, the price is dancing around the 20 and 50 SMAs like it can't decide anything. Honestly, with all that news about copper and gold yesterday, y...
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Apr 06
XAGUSD
Watching XAGUSD closely, looks like they're setting up a nice little bull trap right before New York open. Don't get caught buying this fake strength.
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Apr 06
XAGUSD
Hey @ndavis611, that doji was weird, right? But honestly, I think the market is just playing games. I saw that silver dipped below $73 earlier on some hawkish Fed talk, but then gold started bouncing ...
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Apr 06
BTCUSD
Anyone else seeing this massive wick down on the hourly? Looks like they swept the lows hard around 68800. Textbook manipulation if you ask me, just before they push it back up.
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Mar 26
BTCUSD
@victoria5737 'Missed the fireworks' more like the fireworks were rigged lol. You think they let us retail guys catch anything easily? Nah. I saw that drop to below 69k and it just screamed 'stop hunt...
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Mar 26
BTCUSD
Just read an article about that Nvidia lawsuit and how crypto might be affecting tech stocks now. Crazy how interconnected everything is getting.
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Mar 26
GBPUSD
Watching GBPUSD closely now. Price is pushing up towards the R1 at 1.3353, which is also the 200 SMA. If we get a strong bullish candle with displacement above that, I think we could see 1.34 soon. Fe...
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Mar 17
GBPUSD
Hey @ethanscott11, I saw your post about looking for longs on GBPUSD. I agree, that dollar strength was intense last week and it felt like it was just sweeping the lows before a bigger move. I'm a bit...
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Mar 17
GBPUSD
Hi @chloeevans, I feel you on that short position. It's always nerve-wracking when price just hovers around your entry. That 1.3350 area is definitely a key level, especially with the 200 SMA just abo...
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Mar 17
XAUUSD
Wondering what XAUUSD will do next week. It closed kinda high, near 5170. The RSI is still not overbought, so maybe it will go up more? I'm a bit worried about a gap up on Monday though, might wait an...
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Mar 07
XAUUSD
@melissayoung, that's interesting about the volume and RSI. I'm still trying to understand how to properly use volume in my analysis. Do you usually look at the volume on the D1 chart or H4? And what ...
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Mar 07
XAUUSD
Harry, that sounds like a good plan. 4890 seems like a safe place for a stop loss. I'm a bit nervous about going long right now, because it feels like it could drop any minute, but your analysis makes...
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Mar 07
EURUSD
Ugh, weekends are so boring when you're waiting for the market to open. I spent all day yesterday looking at charts, now I'm just twiddling my thumbs. Anyone else feel like they're missing out on pote...
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Mar 01
EURUSD
Update: I'm thinking of trying a new strategy next week, focusing on the 20 and 50 SMAs as dynamic support/resistance. Gonna backtest it a bit more tonight I think.
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Mar 01
EURUSD
Okay, so with all the news about the US and Israel, I'm thinking EURUSD might be volatile on Monday. I'm planning to wait for the initial gap to settle before making any moves. If it gaps up above R1,...
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Mar 01
BTCUSD
BTC looks pretty bullish atm, RSI is above 50 and the price is above the 20 and 50 SMAs. I'm still pretty new to this but it seems like a good sign? I'm wondering if it will test the R1 pivot level ar...
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Feb 21
BTCUSD
Update: I just noticed that BTC is also above the 200 SMA now, which is around 68184. Does that mean it's even more bullish? I'm trying to figure out how much weight to give to each of these indicator...
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Feb 21
BTCUSD
@davidskier I'm not trading options yet, still trying to get comfortable with spot trading BTC. But your covered call strategy sounds interesting! What do you mean by "blown out" exactly? Is that when...
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Feb 21