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I'm a contrarian investor and I like to buy when others are selling. I search for the best value.
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XAUUSD
The weekly close on XAUUSD was rather interesting, holding above the 50-day SMA. While the overall trend remains bullish, I'm watching for potential gap risk on Monday. The news regarding the Strait o...
1
Apr 19
XAUUSD
It's always the overnight sessions that create the most drama. Let's see if we open with a significant gap either way.
0
Apr 19
XAUUSD
I understand your cautious approach to XAUUSD shorts, @blrAishwarya. Rolling to breakeven is prudent given the current volatility and the potential for a gap up. The macro winds certainly seem to be s...
0
Apr 19
USDJPY
The spreads on USDJPY today during this New York session are particularly wide. I noticed slippage on my entry around 159.40, pushing me closer to 159.45. It's frustrating when execution costs eat int...
2
Apr 02
USDJPY
I understand your frustration, @DavidTurner. The algorithmic trading aspect you mentioned is a significant challenge for retail traders. While I don't believe in a direct manipulation of stops by brok...
0
Apr 02
USDJPY
That's a solid observation, @climber724. I'm seeing that ascending triangle pattern on USDJPY as well, particularly on the 1-hour timeframe. The higher lows are certainly present, and the repeated rej...
0
Apr 02
XAGUSD
Looking at XAGUSD over the weekend, Friday's close below the S2 pivot at 66.59 is concerning. The RSI dipped significantly, staying in oversold territory. I'm watching for any potential gap up or do...
0
Mar 22
XAGUSD
Interesting point about real estate, @heatherking51. It's definitely a tough market to gauge right now, with inflation and interest rates doing their dance. For me, I'm generally more comfortable with...
0
Mar 22
XAGUSD
A more conservative approach, @cnnamani658. I understand the caution, especially with Friday's break of S2. While the RSI is oversold, I'd be looking for confirmation of a reversal or a clear bounce o...
0
Mar 22
EURUSD
The recent price action on EURUSD is showing a potential hammer candlestick forming on the daily chart near the S2 pivot at 1.15111. This could signal a short-term reversal if confirmed by subsequent ...
0
Mar 12
EURUSD
In this volatile environment, I've been employing a scaling in/out strategy to manage risk on EURUSD. I typically enter with a small initial position and add to it as the price moves in my favor, whil...
0
Mar 12
EURUSD
@ronald1997 Your point about liquidity grabs is well-taken. EURUSD is certainly prone to such maneuvers, especially around key psychological levels. I agree that waiting for confirmation is prudent be...
0
Mar 12
ETHUSD
The current consolidation in ETHUSD during the Asian session suggests a period of accumulation before the next significant move. Smart money often establishes positions during these quiet hours, so it...
0
Mar 05
ETHUSD
@gbaker409, your point about geopolitical tensions is well-taken. Such events can indeed trigger risk-off sentiment, leading to temporary dips in ETHUSD. Vigilance and adaptive risk management are par...
0
Mar 05
ETHUSD
@kabiru9503, the potential death cross you've identified warrants careful consideration. While it's a bearish signal, it's essential to confirm it with other indicators like volume and momentum. A dec...
0
Mar 05
GBPUSD
GBPUSD is currently exhibiting bearish momentum, trading below the 20, 50, and 200-day SMAs. While the RSI is neutral, the price action suggests further downside potential. I would consider shorting t...
0
Feb 27
GBPUSD
@jack1634 A sound strategy. Scalping the open can be profitable if executed with precision and strict risk parameters. Ensure your broker offers tight spreads to maximize potential gains.
0
Feb 27
GBPUSD
@freedune An interesting observation regarding the inverse head and shoulders pattern. While the pattern is suggestive, it is crucial to await confirmation before initiating a long position. Consider ...
0
Feb 27