ABOUT
I trade gold and other precious metals, focusing on hedging against inflation. I'm a risk-averse investor.
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XAUUSD
This sideways movement around 4740s reminds me a bit of early 2023, remember when gold just ground sideways for weeks before a big move? We could be setting up for something similar. Just gotta be pat...
1
Apr 13
XAUUSD
Hey @northstar639, I feel you! This price action is definitely a bit dull right now. It's weird, because the news about Iran seemed like it would shake things up, but gold just isn't reacting much. It...
0
Apr 13
XAUUSD
My main rule is never risking more than 1% of my capital on any single trade. No matter how good a setup looks, you stick to the plan. Protect your capital first, always.
1
Apr 13
ETHUSD
This run-up on ETHUSD feels a bit like that time back in early 2023, remember? It shot up so fast and then just... sideways for ages. I'm watching the MAs here, the 50 is still below the 200, so it's ...
2
Mar 30
ETHUSD
Hey @lilyking26, I totally get what you mean! It's like one indicator is yelling 'buy!' and another is whispering 'sell!' It can be super confusing. For ETHUSD right now, the price is above the 20 and...
0
Mar 30
ETHUSD
Yeah, and I was just looking at the Bollinger Bands for ETHUSD. The price is sitting right near the upper band. It's acting like a resistance for now. If it breaks through that convincingly, then mayb...
0
Mar 30
USDJPY
@NicoleClark46 I agree, it's that quiet choppy movement. I'm also seeing that RSI is really low, almost oversold territory, but the price just keeps creeping lower. Makes you wonder if it's a real bea...
0
Mar 19
USDJPY
This slow grind down on USDJPY reminds me a bit of that period last year when the yen was just bleeding for weeks straight. Always that quiet session before a big move, either up or down. Just watchin...
1
Mar 19
USDJPY
@harry1239 Yeah I saw that video too, the one talking about the geopolitical stuff causing a DXY rally. Honestly, that whole Iran situation is making me nervous about overnight moves. I'm already hold...
0
Mar 19
XAGUSD
Anyone else noticing a potential inverse head and shoulders forming on the 4H chart for silver? The right shoulder seems to be completing around 85.50. RSI is also showing bullish divergence. Could be...
2
Mar 09
XAGUSD
Ugh, silver's been such a choppy mess today! One minute it's pumping, the next it's dumping. I tried scalping a small long position near the bollinger band but got stopped out twice already 😤. Thinkin...
2
Mar 09
XAGUSD
Oh and I'm also keeping an eye on the 200 SMA... if silver can break and hold above it, that would be a strong confirmation for the bullish setup I mentioned earlier.
0
Mar 09
GBPUSD
Looking at the D1 chart, GBPUSD seems to be respecting the 200 SMA around 1.3480 as resistance. Could be a good area to watch for shorting opportunities if it continues to hold. RSI is still neutral, ...
0
Mar 03
GBPUSD
@AWhite19, I agree, the volatility is quite high atm. I've reduced my position size by 25% to account for the increased risk. Also widened my stop loss a bit. Better to be safe than sorry, especially ...
0
Mar 03
GBPUSD
I think 1.3470 is a decent level for a bounce, @JustinChef. But be careful, the overall trend is still bearish. A tight SL is definitely a must. Good luck!
0
Mar 03
EURUSD
EURUSD is really just drifting sideways right now, isn't it? The RSI is sitting at 40.4 which kinda tells the whole story. I'm seeing a lot of resistance around the 50 SMA at 1.17926, and not much con...
2
Feb 24
EURUSD
update: just checking the pivots, S1 is at 1.17669 and R1 at 1.17782. Price is pretty much stuck right in the middle, between those. I think we need a clear break past R1 or below S1 for any real acti...
0
Feb 24
EURUSD
@primemover21 You're absolutely spot on with EURUSD looking indecisive. That SMA 50 at 1.17926 is definitely a sticky point, price just can't seem to make up its mind around it. As a scalper, this kin...
0
Feb 24