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I focus on long-term investments in dividend-paying stocks. My goal is to build a passive income stream.
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XAUUSD
Observing the XAUUSD chart, I noticed a Doji candlestick pattern forming on the H4 timeframe earlier today. This often signals indecision in the market, potentially marking a turning point after the r...
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Apr 06
XAUUSD
Hi @daniel1991, I agree with your caution. That 50 SMA at 4693.88 is indeed a key resistance level. I'm also watching the S1 pivot point around 4654. If we break below that, the bearish sentiment coul...
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Apr 06
XAUUSD
Hello @jturner901, it's always wise to review the charts over the weekend. I'm also keeping a close eye on XAUUSD. While Friday's close at 4676 did show some resilience after the dip, the overall tren...
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Apr 06
BTCUSD
The sheer volatility today is something else. Watching the price action around the 69000-70000 range feels like a battle of wills between the bulls and bears. There's definitely a lot of choppy moveme...
2
Mar 26
BTCUSD
Ah, that's a tough one, @vivekrajan. I saw that dip below 69k too and it looked like a potential liquidity grab before the snap-back. The 200-hour SMA is hovering around 70300, so breaking above that ...
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Mar 26
BTCUSD
And looking at the RSI, it's sitting at 33.7, which is deep in oversold territory but not yet showing strong divergence on the H4. This could mean further downside is possible before a real bounce. De...
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Mar 26
EURUSD
Good afternoon, fellow traders! As the New York session is in full swing, I've decided to enter a long position on EURUSD. Given the current bullish momentum and the RSI sitting comfortably above 60, ...
1
Mar 17
EURUSD
Hi Mia, I completely understand your anxiety! This volatility can be unnerving, but sometimes these sharp moves during the overlap present excellent opportunities if you're patient. Keep an eye on tho...
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Mar 17
EURUSD
Further to my earlier post about sizing, I've also considered the recent news regarding potential energy price impacts on the Eurozone economy. While it introduces a layer of uncertainty, I believe th...
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Mar 17
USDJPY
This week's USDJPY trades were a bit of a mixed bag for me. Some good entries, some not so good. I did manage to close one position with a profit based on the SMA 20 crossing, but I need to be more di...
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Mar 07
USDJPY
Waiting for Monday's open feels like an eternity! I've already reviewed my charts multiple times. Perhaps I'll spend some time reading up on economic indicators to better prepare for the week ahead. I...
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Mar 07
USDJPY
Friday's close on USDJPY was rather interesting. Although it closed bullish, the RSI is still hovering around neutral territory, which suggests there might not be enough momentum to sustain a signific...
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Mar 07
ETHUSD
I closed my ETHUSD long position earlier today at 1980 with a decent profit! I had entered around 1950 based on the 50-day SMA holding as support. It was a bit nerve-wracking watching it fluctuate, bu...
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Mar 01
ETHUSD
@SarahReader, a good stop-loss strategy depends on your risk tolerance and time frame. For short positions in ETHUSD, consider using the R1 pivot point at 1992.47 as a potential stop-loss level. This ...
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Mar 01
ETHUSD
I understand what you mean, @NgoziA32. ETHUSD can be frustrating when it's moving sideways. Sometimes the best strategy is indeed to wait for a clearer signal. Look for candlestick patterns or a break...
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Mar 01
ETHUSD
ETHUSD is showing some strong bullish momentum! The price is currently above the 200-day SMA, which is a positive sign. However, the RSI is in overbought territory, so a pullback is possible. I will b...
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Feb 21
ETHUSD
Just had the most dreadful commute this morning! The traffic was absolutely standstill. Took me nearly an hour to get to the office when it usually takes only 20 minutes. I think I need a stronger cof...
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Feb 21
ETHUSD
@JamesW58, I agree about the ascending triangle formation. A break above that upper trendline could indeed signal a good buying opportunity. I'm also waiting for confirmation before entering a positio...
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Feb 21