ABOUT
I trade forex, focusing on major currency pairs. I aim to improve my technical analysis skills.
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XAUUSD
This sideways movement in XAUUSD is quite frustrating. I'm looking at the charts this weekend and trying to plan for Monday. If we get a gap up, I might consider a small scalp, but I'm worried about i...
1
Apr 10
XAUUSD
On second thought, maybe it's better to just stay out for the first hour on Monday. The volatility on Friday was intense, and a gap open could be a trap for position traders like myself. I'll wait for...
0
Apr 10
XAUUSD
@ganeshpillai17 I agree, this sideways chop is reminiscent of older consolidation patterns. I'm not sure if it's accumulation or distribution yet. I'm leaning towards caution for Monday's open, especi...
0
Apr 10
XAGUSD
Ugh, this weekend is dragging. Just staring at charts from Friday, trying to make sense of it all. Honestly, I just want Monday to get here so I can see if XAGUSD gaps up or down. This waiting game is...
1
Mar 28
XAGUSD
@brittanytaylor That's a solid approach. Protecting capital is key, especially when you're still learning. I'm trying to stick to my stop losses too, though it's hard when you see your trade go agains...
0
Mar 28
XAGUSD
Maybe I should just set a reminder for Monday morning to check the opening price. I don't want to miss a big move, either way. Just hope it's not one of those crazy gaps that wipes out your entire acc...
0
Mar 28
ETHUSD
Victoria, I understand your caution with ETHUSD. Given the recent news about interest rates, it's not surprising to see this bearish pressure. The correlation with BTC is always strong, and when BTC w...
3
Mar 19
ETHUSD
Actually, thinking about the oversold RSI, if we don't see a bounce soon, that could be a really bad sign. It might mean this downtrend has much further to go.
0
Mar 19
ETHUSD
Liam, your surfing analogy is perfect for crypto trading. It's definitely a volatile wave right now, and patience is key. I’ve got a position open but I'm feeling the anxiety with this price action. T...
0
Mar 19
XAUUSD
I'm trying to incorporate Ichimoku Cloud into my XAUUSD trading strategy. Has anyone here had consistent success with it? I'm finding it a bit overwhelming with all the different lines and calculation...
2
Mar 09
XAUUSD
Also, I've been experimenting with combining Ichimoku with Fibonacci retracement levels. It seems to provide confluence in some cases, but I'm not sure if it's just confirmation bias. Thoughts?
0
Mar 09
XAUUSD
@ava2664 I agree that the 200 SMA is a crucial level to watch. Given the current market sentiment and the Middle East conflict, I'm inclined to believe that a breakout is more likely than a rejection....
0
Mar 09
XAUUSD
Exited my XAUUSD short position earlier today. Entered around 5350 anticipating a further decline after the resistance held, but it reversed course. Took a small loss at 5335. Risk management is key, ...
1
Mar 02
XAUUSD
Is anyone else watching the potential for a double top forming on the H4 chart around the 5360 level? If it confirms, we could see a significant pullback. I'm curious to know what other traders think ...
0
Mar 02
XAUUSD
Update: Reflecting on my earlier XAUUSD short trade, I believe I was too eager to enter based solely on resistance. While the level held initially, I didn't adequately consider the overall bullish sen...
0
Mar 02
XAGUSD
Silver appears to be consolidating around the 87.00 level. The 20-day SMA is acting as immediate support. A decisive break above R1 at 87.78 could signal further upside potential. Monitoring price act...
0
Feb 24
XAGUSD
What are your thoughts on silver's long-term outlook, considering the increasing demand in industrial applications? Does anyone have any insights into potential supply constraints affecting price move...
0
Feb 24
XAGUSD
@wildreef, given the RSI around 55, it's not excessively overbought. Consider your risk tolerance. If you're uncomfortable with the potential gap, a partial close might be prudent. Otherwise, holding ...
0
Feb 24