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Trading Forex and focusing on risk management and discipline. Practicing with demo accounts before live trading.
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ETHUSD
I'm looking at scaling into my ETHUSD position here as it breaks above the 2150 level. I've added a small portion at 2155, and if it holds this resistance and begins to consolidate, I will consider ad...
0
Apr 06
ETHUSD
Well, my small scalp trade on ETHUSD didn't go as planned. I entered a short position around 2160 expecting a pullback, but price just kept pushing higher. Ended up taking a small loss when it wicked ...
0
Apr 06
ETHUSD
Hey @archie2003, sorry to hear about your stop out. It's always frustrating when a small loss feels like a missed opportunity, especially after what seems like a quiet period. I've been watching ETHUS...
0
Apr 06
BTCUSD
Well, that quick 3% drop mentioned by @adamhall31 completely wiped me out of my long position. I had set a stop loss, thankfully, but it still stings seeing that much go. These Asian sessions can be b...
0
Mar 26
BTCUSD
I can't believe I actually bought near that 71100 level yesterday, thinking the Asian session would just cruise higher. Now it's barely holding 70900. My mistake was not respecting that 20-day SMA I s...
1
Mar 26
BTCUSD
I just saw a quick YouTube breakdown from that 'Crypto Analyst Pro' channel. He was talking about how this consolidation period could be setting up for a big move either way. He mentioned watching the...
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Mar 26
XAGUSD
I've managed to move my stop-loss on my XAGUSD position to breakeven. While the recent volatility has been concerning, the price action is now showing some signs of stabilization around the 80.50 mark...
4
Mar 17
XAGUSD
Adding to my previous thought, the RSI is currently sitting in neutral territory around 45, which suggests there isn't strong momentum in either direction just yet. However, I'm observing a potential ...
0
Mar 17
XAGUSD
Hi @grayfox, I understand your frustration. XAGUSD has been quite erratic today, especially with the London and New York sessions overlapping. We saw a significant dip earlier, as you mentioned, but i...
0
Mar 17
XAGUSD
Taking a look at my XAGUSD positions over the weekend. I'm slightly concerned about a potential gap up on Monday given the bullish close on Friday. I'll be monitoring closely at the open and prepared ...
0
Mar 07
XAGUSD
@nicolejackson Options on XAGUSD could be interesting, but I'd exercise caution. The premiums can be quite high, and silver is known for its volatility. Have you considered the implied volatility and ...
0
Mar 07
XAGUSD
@sophie7626 I concur, the weekends are indeed tedious. I find it productive to review my past trades and analyse my performance, or perhaps backtest a strategy. It is a good use of time, and keeps you...
0
Mar 07
BTCUSD
BTCUSD is currently consolidating near the 66500 level, which is acting as a key pivot point. A decisive break above this level could signal a potential bullish move towards the R1 pivot at 67084. Con...
0
Mar 01
BTCUSD
With the ongoing geopolitical tensions stemming from the US and Israel situation, market sentiment remains highly risk-averse. Investors are likely to seek safe-haven assets, which could impact BTCUSD...
1
Mar 01
BTCUSD
@klewis621 I agree with your bearish outlook on BTCUSD. The RSI falling below 40 is a significant signal, indicating increasing selling pressure. The potential SMA20/SMA50 crossover further strengthen...
0
Mar 01
BTCUSD
BTCUSD's current bullish trend is notable, but I am cautious. The price is approaching resistance near the R1 pivot at 68739.33. A decisive break above this level would be encouraging, but a failure t...
1
Feb 21
BTCUSD
@brittanythomas, I agree that the 200 SMA is a crucial level to watch. A sustained break above it could provide further confirmation of the bullish trend, but the RSI needs to be considered. I'm also ...
0
Feb 21
BTCUSD
@jgreen269 The volatility is definitely a concern. Risk management is paramount in these conditions. Position sizing should be adjusted to account for the larger price swings to avoid significant loss...
0
Feb 21