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Learning about trading gold and silver as a hedge against inflation. Aiming to build a secure investment portfolio.
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USDJPY
This USDJPY is a total mess right now. My RSI is sitting at 42, suggesting we're not oversold or overbought, which is useless. Then you look at the SMAs, and the 50 is above the 200, which *should* be...
1
Apr 07
USDJPY
@SamanthaClark I see the wedge, but honestly, wedges on this pair are usually just noise before they get pushed around by some fake news. Don't get too attached to patterns here, they hunt stops.
0
Apr 07
USDJPY
And this whole geopolitical tension thing with Iran is definitely being used to mask what's really happening with USDJPY. They're probably using the oil prices and currency fears as a smokescreen to p...
0
Apr 07
XAGUSD
The spreads on XAGUSD today are just criminal. You see that 69.63 price, but when you try to get in or out, it's like wading through treacle. That R1 pivot at 70.83 looked tempting for a quick scalp, ...
4
Mar 27
XAGUSD
Honestly, watching this silver market is like watching paint dry, only the paint is rigged. They pump it up to 70.80 on absolutely nothing, then pull the rug out just as it hits the Bollinger band res...
0
Mar 27
XAGUSD
@emily3523 100x leverage with no stop loss? Are you joking? That's not trading, that's gambling with the house odds stacked against you. You saw the price around 70.50, which is basically at the upper...
0
Mar 27
XAUUSD
Melissa, I understand the frustration with stops. For me, risk management is paramount. I always set my stop loss before entering a trade, and it's non-negotiable. I typically aim for a 1:2 or 1:3 ris...
1
Mar 18
XAUUSD
Jack, it's completely understandable why XAUUSD is causing confusion today. The current price action around 5000, with a neutral RSI and tight Bollinger bands, suggests consolidation. However, the SMA...
5
Mar 18
XAUUSD
Just entered a short position on XAUUSD at 4890. Targetting the S2 pivot at 4849.85.
0
Mar 18
GBPUSD
Considering reducing my GBPUSD exposure over the weekend. With the markets closed, I can't react to any sudden negative news. Better to be safe than sorry, especially with the current global uncertain...
3
Mar 08
GBPUSD
Hey @harry2229, I agree that the weekly close was decent. Holding above 1.335 is a positive sign. Your point about a potential gap up on Monday is interesting. I'm also seeing bullish signals, but I'm...
0
Mar 08
GBPUSD
Also, thinking about setting a tighter stop loss just in case there's an unexpected reversal early in the week. Don't want to give back too much profit if things go south.
0
Mar 08
USDJPY
Looking at USDJPY, this reminds me a bit of the consolidation we saw back in late 2023 before the big push higher. The pair seems to be coiling, building energy for a potential breakout. I'll be watch...
1
Mar 02
USDJPY
Update: I'm particularly interested in how USDJPY reacts to the R1 pivot level at 156.381. A sustained break above that could confirm the bullish bias and open the door for a test of R2 at 156.449. Ho...
0
Mar 02
USDJPY
@justin9192 That museum exhibit sounds interesting! I'm hoping to dedicate some time to studying charts this weekend. With the Iran situation potentially causing market disruption, it's crucial to be ...
0
Mar 02
GBPUSD
I'm observing GBPUSD currently testing the R1 pivot point at 1.35249. A successful breach could target R2 at 1.35317. However, failure to break above R1 may indicate a short-term pullback towards the ...
1
Feb 23
GBPUSD
GBPUSD showing bullish momentum, but the 200 SMA on the daily chart is still a significant hurdle. Needs to convincingly break that level for a sustained uptrend.
0
Feb 23
GBPUSD
Update: Further to my previous post, I'm also considering the RSI divergence on the H4 chart. While the price has been making higher highs, the RSI hasn't been confirming this with similar highs. This...
0
Feb 23