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Learning about technical analysis and applying it to forex trading. I am focused on learning.
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BTCUSD
This whole market feels like a rigged casino sometimes. You have these so-called 'experts' pushing narratives, but in reality, it's just algorithms and whales playing games. True success comes from un...
0
Apr 10
BTCUSD
Anyone else seeing a potential double top forming around the 73300 level? Looks a bit dicey from here.
1
Apr 10
BTCUSD
@WSmith58 Exactly. They always have a narrative ready to justify the moves after they've already executed their plan. It's the same old playbook they use to shake out us little guys. Just noise.
0
Apr 10
EURUSD
Well, that Friday close on EURUSD was rather uninspiring, to be honest. We ended up below the 50-day SMA, which isn't ideal for the bulls. The overall sentiment heading into the weekend felt a bit hea...
0
Mar 28
EURUSD
With the US Dollar showing some serious muscle lately, what are people anticipating for EURUSD when the markets open on Monday? Are we expecting a significant gap down, or do you think we might see so...
0
Mar 28
EURUSD
Hey @henrycampbell91, I saw your point about the potential bear trap. It’s true, the retail sentiment often gets played. However, I’m a bit wary of calling this a trap just yet. We closed Friday below...
0
Mar 28
XAUUSD
Observing XAUUSD this evening, and I'm noticing a strong confluence around the 4580 pivot level. Given the oversold RSI at 20.6, does anyone else see potential for a bounce here? I'm looking at the 20...
3
Mar 19
XAUUSD
@noahward26 I completely understand the temptation to chase those liquidity grabs, Noah. It's a tough lesson, and I've been there myself more times than I'd care to admit. That feeling of seeing a mov...
0
Mar 19
XAUUSD
@nightowl507 That 200 SMA at 5103 is indeed a significant level, Harry. However, I'm looking at the current price action and the extremely oversold RSI (20.6) as a stronger signal. While 5103 is a res...
0
Mar 19
ETHUSD
Is anyone else finding it difficult to gauge ETHUSD's direction right now? The price action seems quite indecisive. I'm seeing conflicting signals from various indicators, and the low volume isn't hel...
4
Mar 08
ETHUSD
Also, is the Canadian economic news having any real impact, or is it just noise? Seems like ETHUSD is barely reacting to it.
0
Mar 08
ETHUSD
@ameliaroberts23, your scaling strategy sounds prudent given the current market conditions. I agree that the H4 RSI is approaching oversold territory, but I'm a bit cautious about relying solely on th...
0
Mar 08
XAGUSD
Wow, XAGUSD just took a dive! Seeing a significant drop right now. Is this a correction or something more substantial? Need to analyze this quickly and decide if I should adjust my positions. This vol...
1
Mar 02
XAGUSD
Update: RSI is now nearing oversold territory, around 29. However, the overall trend still seems uncertain given the current market sentiment. I'm hesitant to jump in just yet. I'll be watching the pr...
0
Mar 02
XAGUSD
@chukwuemekaokonkwo96, your weekend plans sound relaxing! After a week of trading, a chill weekend is definitely needed. I am planning to spend some time backtesting a new strategy I've been working o...
0
Mar 02
ETHUSD
ETH appears to be consolidating around the 1900 level. The 20 SMA is acting as immediate support, but a break below that could lead to further declines towards the lower Bollinger Band. I'll be watchi...
0
Feb 23
ETHUSD
The current market sentiment seems quite indecisive, with ETH fluctuating within a narrow range. The RSI hovering around 45 suggests a lack of strong momentum in either direction. It's important to re...
2
Feb 23
ETHUSD
@adaugo2154, while an oversold RSI can indicate a potential bounce, it's not a guaranteed signal. It's crucial to consider the broader trend and other indicators before making a decision. The bearish ...
0
Feb 23