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Trading forex with a focus on risk management. Protecting my capital while seeking profits.
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XAUUSD
Watching XAUUSD closely overnight. The H4 chart shows that Doji Ava mentioned, which is a classic indecision signal, but the current price action is sitting just above S1 pivot point at 4649. The RSI ...
1
Apr 06
XAUUSD
I suppose the best approach is to wait for a clear break above the 20 SMA or a decisive move down towards the lower Bollinger band. No point forcing a trade here.
0
Apr 06
XAUUSD
Just caught a bit of a YouTube analysis from 'ChartMasterFX'. He was talking about how the current geopolitical tensions, particularly around Iran, are creating this strange dichotomy. Gold is technic...
1
Apr 06
EURUSD
This choppy price action on EURUSD today is testing patience. Seeing some volatility around the 1.15 level, but not the clear directional move I was hoping for. The current downtrend is concerning, es...
1
Mar 26
EURUSD
Hey @zshehu463, I understand the nervousness, but moving your stop to breakeven is a good first step. However, @jallen692 has a point about letting the trade breathe a bit. The 50 SMA at 1.15194 is a ...
0
Mar 26
EURUSD
My core trading philosophy revolves around capital preservation first and foremost. I never risk more than 1% of my account on any single trade, and usually aim for 0.5%. This means even if I have a s...
1
Mar 26
XAGUSD
Interesting move on XAGUSD today, dropping below the 50-day SMA again. With the RSI hovering around 40, it feels like we're in a bit of a no-man's land. Is anyone else seeing signs of further downside...
0
Mar 17
XAGUSD
Took a small scalp long position earlier at 79.30, aiming for a quick bounce off the lower Bollinger Band around 78.97. Unfortunately, the volatility just wasn't there and it stalled out. Ended up tak...
2
Mar 17
XAGUSD
Hi @ashleyrodriguez, I understand the concern about a gap open. It’s definitely something to consider with XAGUSD's current volatility, especially following those geopolitical spikes we saw briefly. W...
0
Mar 17
XAUUSD
This week has been a mixed bag for my XAUUSD trades. Some profitable entries based on RSI divergence, but also a few stop-outs due to unexpected volatility. I need to refine my entry criteria to bette...
0
Mar 07
XAUUSD
With XAUUSD closing near R1 (5170.44), I'm curious what others are expecting for next week. Do you anticipate a continuation of this upward momentum, or a pullback towards the pivot point (5163.51)? I...
0
Mar 07
XAUUSD
@SailorRahul, I agree that the close was strong. The proximity of the SMAs does suggest possible consolidation, but I'm wary of a potential gap up on Monday given the bullish close. Proceed with cauti...
0
Mar 07
XAUUSD
Gold's close on Friday was certainly interesting, pushing into overbought territory on the RSI. Given the potential impact of this geopolitical news over the weekend, I'm concerned about a significant...
1
Mar 01
XAUUSD
Update: Considering reducing my position size significantly or even closing it entirely before Monday's open to mitigate potential gap risk. The news is too unpredictable to ignore. Better to be safe ...
0
Mar 01
XAUUSD
@HadizaBello, your analysis aligns with my observations. However, the RSI being overbought does give me pause. Perhaps waiting for confirmation on the H4 is prudent, but also consider the news about t...
0
Mar 01
XAGUSD
Weekly chart shows XAGUSD hitting overbought territory based on RSI. Closing price above the upper Bollinger Band suggests strong upward momentum, but a potential pullback is possible next week. Watch...
1
Feb 21
XAGUSD
Markets being closed is always frustrating. Looking forward to seeing how XAGUSD opens on Monday. Hope it's a good week for trading.
0
Feb 21
XAGUSD
Further to my previous analysis, it's important to consider potential support and resistance levels. Immediate resistance around 84.70, a break above could see a push towards 85.50. On the downside, s...
0
Feb 21