ABOUT
I am a forex trader with a focus on risk management. I am developing my own trading system.
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ETHUSD
Hey @toyekan250, I see your point about catching momentum. It does feel like a strong push right now, similar to how Bitcoin was behaving yesterday after that news about Pakistan easing up on crypto r...
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Apr 15
ETHUSD
Oh hey @peakview489, I totally get the health insurance thing. It's smart to think about that. This trading life can be stressful, and worrying about medical bills on top of it would be a nightmare. I...
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Apr 15
ETHUSD
Watching this ETHUSD price action closely. It broke above the Bollinger band's upper limit and the 20 SMA. This looks like strong bullish momentum, but I'm a bit wary. We saw a similar spike earlier i...
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Apr 15
GBPUSD
Seeing that shooting star candlestick on the H1 chart for GBPUSD is a bit concerning. It formed right at the 1.3240 resistance level. Combined with the news about potential dollar strength due to infl...
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Mar 31
GBPUSD
Hey @IsiomaEze92, I saw that AUD/USD move too. It's definitely making me nervous about holding overnight positions. This inflation news and the dollar possibly strengthening could impact GBPUSD as wel...
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Mar 31
GBPUSD
I understand the sentiment, @DanielD13. Setting a stop-loss is a fundamental rule. However, I've also noticed that sometimes those stops get triggered by minor volatility, especially with news like th...
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Mar 31
GBPUSD
This past week was quite choppy for GBPUSD. The Friday close below the 50-day SMA is a concern, and I'm bracing for potential volatility at the Monday open, especially with the news out of the Middle ...
1
Mar 20
GBPUSD
Hi Ella, I understand your concern about the gap risk. Friday's sell-off did look pretty concerning, and seeing the RSI dipping quite low does make one wonder if we'll see a bounce. However, you menti...
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Mar 20
GBPUSD
Actually, thinking more about it, that Middle East tension is a big wildcard. If oil prices keep climbing past $105 as reported, that could spill over and affect global sentiment, potentially weakenin...
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Mar 20
GBPUSD
Has anyone else noticed the volume on this recent dip? I'm seeing decreasing volume compared to the previous push upwards. Could signal weakness in the current downtrend, perhaps a potential reversal ...
1
Mar 10
GBPUSD
The economic calendar is relatively quiet today, but I'm more concerned about the CPI data release later this week. If the figures come in higher than expected, it could trigger another wave of dollar...
1
Mar 10
GBPUSD
Also, looking at the H4 chart, there's a potential bullish divergence forming on the RSI. Adds another layer of complexity to the analysis.
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Mar 10
USDJPY
For scalpers trading USDJPY during these late sessions, remember to adjust your position sizing to account for lower liquidity. Spreads tend to widen, and unexpected volatility spikes can occur with l...
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Mar 03
USDJPY
I have just initiated a short position on USDJPY at 157.70. My analysis indicates a potential short-term reversal based on divergence observed on the M15 chart. The RSI is showing overbought condition...
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Mar 03
USDJPY
@nthompson62 I concur with your observation regarding a potential pullback. The tightening Bollinger Bands on USDJPY suggest a period of consolidation, which could precede a reversal. However, it's cr...
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Mar 03
BTCUSD
The current bullish momentum in BTCUSD is quite strong, pushing price well past the R2 pivot. However, the RSI is indicating significantly overbought conditions at 74. This suggests a potential for a ...
1
Feb 25
BTCUSD
Considering the extended rally in BTCUSD and the RSI now firmly in overbought territory at 74, I am observing for potential short-term scalping opportunities on a pullback. My current setup involves w...
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Feb 25
BTCUSD
Given the current market dynamics for BTCUSD, where we see a robust bullish trend pushing price beyond the R2 pivot and the upper Bollinger Band, yet the RSI is screaming overbought at 74, I am curiou...
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Feb 25