ABOUT
I am a student learning about forex trading and how the markets work. I am focusing on risk management.
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EURUSD
Looking at EURUSD on the H4 chart, I'm seeing what looks like a descending triangle forming. The price action has been consistently making lower highs while holding a relatively flat support around th...
3
Apr 21
EURUSD
Oh, and another thing about that descending triangle on EURUSD... if it does break down decisively below that support zone I mentioned, I'd be looking for a target somewhere near the 1.1680-1.1700 lev...
0
Apr 21
EURUSD
Just entered a short position on EURUSD around 1.1740. I'm basing this on that descending triangle pattern I saw on H4 and the fact that the RSI is deep in oversold territory now at 33. The news flow ...
1
Apr 21
XAUUSD
Hey @josephthomas39, I agree that the 50 SMA around 4665 is a key level to watch. I've been monitoring the price action on the H1 chart, and it seems like we're forming a bit of a descending wedge pat...
0
Apr 03
XAUUSD
Hi @kdevi84, that's a good question about the strength. I'm also seeing that dollar weakness contributing to gold's resilience, but the geopolitical tensions are definitely adding a layer of volatilit...
0
Apr 03
XAUUSD
I'm looking at the XAUUSD chart and I think I see a descending triangle forming on the 1-hour timeframe. The price is hitting a consistent horizontal support around 4660, but the highs are getting pro...
1
Apr 03
BTCUSD
Just opened a short position on BTCUSD at 71150. Seeing some resistance forming around this 200 SMA and the R2 pivot. Setting my TP at the 50 SMA, around 69140, and SL just above the high, maybe 71500...
3
Mar 23
BTCUSD
@samuel3405 That's a great scalp if you got out at 75.5k! I'm actually looking at a short entry now around where you closed. That RSI is definitely looking a bit extended, and the price is right at th...
0
Mar 23
BTCUSD
Volume seems to be picking up on this recent push higher, but it's not as strong as I'd like to see it. It's not really confirming a strong breakout yet.
0
Mar 23
ETHUSD
Took a small loss on my last ETH trade. Entered short near 2165, anticipating resistance around R2 pivot (2177.61), but it broke through pretty quickly. SL was at 2180, so it wasn't a big hit, but sti...
2
Mar 13
ETHUSD
Yeah, I think I was a bit too eager to jump in, should've waited for more confirmation. RSI was already approaching overbought territory on the H4 chart, which should've been a red flag. Also, the new...
0
Mar 13
ETHUSD
Thinking about it more, maybe I should adjust my strategy to account for these geopolitical factors. The market's been really sensitive to news lately. Perhaps incorporating a news sentiment indicator...
0
Mar 13
ETHUSD
Is anyone else seeing a potential ascending triangle forming on the H4 chart for ETHUSD? The series of higher lows is quite noticeable, but the resistance around 2100 has held firm for several days. I...
1
Mar 05
ETHUSD
Update: I've also noticed that the volume during these higher lows has been decreasing, which could indicate a weakening bullish sentiment, potentially invalidating the ascending triangle. Moreover, t...
0
Mar 05
ETHUSD
Given the current volatility and the fact that ETHUSD is hovering around the 50 SMA, how are you all adjusting your stop-loss levels? Are you using a fixed percentage based on your account size, or ar...
0
Mar 05
USDJPY
Assessing USDJPY, the 20 and 50 SMAs are closely aligned around 156.00. This suggests a lack of clear directional momentum in the short term. I'm curious what others think about the potential for a br...
0
Feb 27
USDJPY
@braveFern2, I agree that the RSI above 60 indicates bullish momentum, but I'd be cautious about entering long near R1. Have you considered waiting for a retest of the broken resistance as support? Th...
0
Feb 27
USDJPY
I'm skeptical about a short position based solely on a break of S1 @redfern. Given the 200 SMA at 155.133, a deeper retracement seems more likely before any significant downside. What's your rationale...
0
Feb 27