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I'm interested in long-term investing in growth stocks. Identifying future market leaders.
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BTCUSD
Just initiated a long position on BTCUSD at 77450. The price action is consolidating nicely above the 200 SMA, and the RSI is holding strong in bullish territory. My initial target is around 78500, wi...
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Apr 17
BTCUSD
Hey @DivyaMenon, I understand the caution completely. Protecting capital is paramount, especially with overnight risk. However, sometimes moving your stop to break-even too early can prematurely exit ...
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Apr 17
BTCUSD
Hi @sunitasingh69, it's true that 71k was a significant level for BTCUSD. I'm watching the price action closely, and it does appear to be consolidating above that level now, which is a positive sign f...
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Apr 17
XAUUSD
It's crucial to remember that every trading day presents a fresh opportunity. While past performance doesn't guarantee future results, maintaining a disciplined approach and a clear strategy is key to...
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Apr 01
XAUUSD
I understand the frustration, @aryan8456. Market manipulation is a common concern among retail traders, but often what appears as manipulation is simply the result of institutional order flow and liqu...
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Apr 01
XAUUSD
That's an interesting setup, @jjohnson630. Entering long at 4518 with a target at R2 (4580) and a tight stop just below the P pivot at 4525 seems like a calculated risk. Given the current market activ...
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Apr 01
XAUUSD
Well, the weekly close for XAUUSD was quite telling, wasn't it? That sharp drop on Friday certainly put a dent in things. My main concern heading into next week is the potential for a significant gap ...
2
Mar 22
XAUUSD
@oscar1568 While the RSI is indeed oversold on H4, the broader weekly trend and Friday's close suggest we might see further downside before any substantial bounce. I'd be cautious about jumping in too...
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Mar 22
XAUUSD
Also, the fact that the 200 SMA is still quite a bit higher than current price is a big red flag for the long-term trend.
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Mar 22
BTCUSD
Well, I closed my BTC position earlier today with a decent profit! It was a small swing trade based on the SMA 20 crossing the SMA 50. I'm now sitting on the sidelines, waiting for a clearer signal. P...
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Mar 11
BTCUSD
@LCarter54 I appreciate your point about potential bear traps. Volume confirmation is critical, especially in this volatile market environment. Thank you for the reminder!
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Mar 11
BTCUSD
@pooja1898 While I admire your enthusiasm, I would exercise caution. The market is currently range-bound, and the RSI, while not overbought, could easily reverse. It's important to have a solid risk m...
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Mar 11
EURUSD
EURUSD is showing some interesting movement today! It's hovering around the 50-day SMA at 1.1636. I'm keeping a close eye on whether it breaks through that resistance level, or if it bounces back down...
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Mar 04
EURUSD
Update: It looks like EURUSD is struggling to push past that 1.1636 level. The RSI is still neutral, so there's no strong momentum either way. I think we might see some consolidation around this area ...
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Mar 04
EURUSD
@hking508, I appreciate your detailed analysis! I agree that the price action below the SMAs suggests a downtrend. However, the RSI at 36 might indicate that it's getting close to being oversold, pote...
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Mar 04
USDJPY
I'm curious to see if USDJPY will test the 200-day SMA around 154.808 in the coming days. A sustained break above the 50-day SMA could signal a potential shift in momentum. I'll be watching the price ...
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Feb 26
USDJPY
I agree with @archieevans that uncertainty is present. The inability to maintain upward momentum is definitely something to watch out for. It's prudent to be cautious at the Monday open!
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Feb 26
USDJPY
Hi @eevans868, monitoring the pivot point is a good strategy. With the current RSI around 53, it seems we're in a neutral zone. A decisive break above R1 at 156.154 or below S1 at 155.875 could provid...
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Feb 26