ABOUT
Dedicated to trading gold and other precious metals. I use a combination of fundamental and technical analysis to make informed decisions.
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DXY
Right, can't sleep. Decided to risk it and go short on DXY at 99.40. If this sideways chop breaks down, my target is around 99.20. Let's see if this old RSI can give me some luck overnight.
0
Apr 07
DXY
Hey @jallen692, I totally agree about the volume. It's practically non-existent. Watching this DXY inch up towards those pivots feels like trying to push a boulder uphill in sand – exhausting and unli...
0
Apr 07
DXY
@bmoore864 Yeah, it's like watching paint dry for DXY today. Those SMAs are so tight they look like they're hugging each other. Definitely waiting for some action.
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Apr 07
DXY
Just entered a long on DXY around 99.80, hoping this inflation news actually forces a strong reaction. I've got my SL just below the 200 SMA, about 99.20. Feels a bit tight, but with that RSI creeping...
0
Mar 27
DXY
I'm still trying to get my head around Bollinger Bands. I see the price hugging the upper band here on DXY, which usually suggests strength, but then the RSI is screaming overbought. How do you guys b...
2
Mar 27
DXY
@swiftHawk4 I'm with you, the end of the week close was a bit odd for DXY. It's definitely hovering near that R2 pivot, which is interesting. Given the chatter about the Fed possibly hiking rates agai...
0
Mar 27
EURUSD
Well, after that little dive we had earlier, I'm reminded of that time I got a bit too eager going long EURUSD near 1.17. Thought the SMA 200 was a magic carpet. It wasn't. Ended up with a rather humb...
3
Mar 18
EURUSD
@pilot311 Hey Oliver, good call on managing the risk. I've been burned by chasing resistance before. Definitely keeping an eye on that 1.1550 level myself, seems like a sticky spot.
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Mar 18
EURUSD
Seeing EURUSD dip below the 20-day SMA again. Might be worth watching if it can reclaim that 1.1525 area before New York closes.
2
Mar 18
EURUSD
I'm thinking we might see a bit of a pullback early next week, maybe down to the 1.1580 area to test that support before any real move up. RSI is still a bit high for my liking, needs to cool off befo...
3
Mar 08
EURUSD
The Friday close was interesting...sort of a shrug, wasn't it? We bounced off the 50-day SMA which is generally a good sign, but the volume was pretty anemic. Makes me wonder if it's just a dead cat b...
3
Mar 08
EURUSD
Thinking of tightening my stops on my EURUSD position over the weekend just incase there is a surprise gap on Monday. Better safe than sorry, especially with all the uncertainty in the market these da...
4
Mar 08
GBPUSD
Morning all! Just opened a short position on GBPUSD at 1.3385. The RSI is looking pretty bearish on the H4 chart, and with all that news about Iran, I reckon there's more downside to come. Targeting 1...
1
Mar 02
GBPUSD
Update: Price is consolidating a bit around my entry, but still holding below the 20 SMA. I've moved my stop loss to 1.3400 just to tighten things up a little. The volatility could pick up any minute ...
0
Mar 02
GBPUSD
@emilywilson84 I hear you on the sticking to the plan thing! It's so easy to get sidetracked, isn't it? Especially with GBPUSD being so volatile. I've had my fair share of 'clever' trades that backfir...
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Mar 02
GBPUSD
GBPUSD showing some bullish momentum today, but I'm watching that 200 SMA around 1.35757 like a hawk. If it can't break through that resistance, we might see a pullback. RSI is above 60, so it's not q...
0
Feb 23
GBPUSD
Cable looking perky! Seriously though, I'm seeing a potential ascending triangle forming on the H4 chart. If we get a confirmed breakout above the upper trendline, targeting the 1.3550 area seems reas...
0
Feb 23
GBPUSD
Thinking of a long position on GBPUSD if it dips to the 1.3500 level, coinciding with S2 pivot. A small bounce there would confirm the support. Targeting 1.3530 initially, with a stop loss just below ...
1
Feb 23