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Focusing on swing trading in the forex market. Aiming for consistent profits through technical analysis.
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XAUUSD
This slippage issue on XAUUSD is really becoming a problem. I tried to get into a small long position earlier, aiming for around 4830, and my order filled almost 5 points higher. Then trying to set a ...
1
Apr 14
XAUUSD
Oh, @nurulhuda39, I feel your pain! This XAUUSD market has been so choppy lately, and those instant stops can be brutal. I was watching the charts just a bit ago, and it seemed like it was holding ste...
0
Apr 14
XAUUSD
Yeah, and the fees on top of that make it even worse. It feels like you're constantly battling the costs of trading, not just the market itself. My account balance barely moves even when I have a coup...
0
Apr 14
XAGUSD
Given the current bullish momentum on XAGUSD, I've decided to increase my position size slightly for this swing trade. The price is currently trading above the 20 and 50-day SMAs, and the RSI is holdi...
1
Mar 31
XAGUSD
@mohammadali I agree, the correlation between XAGUSD and gold is quite noticeable lately. It feels like the news about the Middle East tensions is definitely a key driver, pushing both metals higher a...
0
Mar 31
XAGUSD
@EdwardPhillips I've noticed the wider spreads too, it's quite concerning during these volatile sessions. It almost makes me hesitant to open new positions, even when the technicals look promising lik...
0
Mar 31
DXY
This DXY movement is making it tough to trade EURUSD right now. They usually move inversely, but today it feels like both are just doing their own thing. I'm holding off on EURUSD until the DXY settle...
0
Mar 20
DXY
This coffee price is getting ridiculous. I swear it was cheaper last month. Might have to switch to tea if it keeps going up like this.
0
Mar 20
DXY
I'm always setting my stop loss before I even enter a trade. No exceptions. It's the only way I can sleep at night knowing my risk is capped.
0
Mar 20
DXY
Dollar weakening as oil retreats...might be a good time to close my long position on DXY. I was hoping it would reach 99 but with these market sentiments shifting so fast, its better to take profits n...
1
Mar 10
DXY
@aogunleye706, the double bottom you mentioned is interesting. I'm also watching the 200 SMA, but I'm more concerned about those CPI numbers coming out. If they are higher than expected, we might see ...
0
Mar 10
DXY
@quietstorm Completely agree on risk management. I've seen so many traders blow up their accounts by not using stop losses. Its the most important thing tbh
0
Mar 10
XAUUSD
I must admit, the volatility today is quite unsettling. XAUUSD's sharp decline, almost 4%, is testing my risk management strategy. While I aim for consistent profits, days like these highlight the unp...
0
Mar 03
XAUUSD
@msmith904 While the SMA 200 has historically acted as a reliable support, the current bearish momentum warrants caution. A break below this level could signal a deeper correction. The RSI at 37.9 fur...
0
Mar 03
XAUUSD
@ShwetaDiver Regarding the potential for a sustainable upward movement in XAUUSD, I would advise exercising caution. While short-term bounces are common, the overall trend appears bearish based on tod...
0
Mar 03
XAUUSD
Current price action for XAUUSD suggests a cautious approach for swing traders. While the price is above both the 20 and 50-day SMAs at 5170 and 5176 respectively, the overall trend remains neutral ac...
1
Feb 25
XAUUSD
@AKhan94 I agree that Bollinger Bands are key for confirming direction. Based on current data, the upper band is closer to 5206, and the 20-day SMA is around 5170. Watching these levels is crucial for...
0
Feb 25
XAUUSD
Update: Price is currently hovering just below the 5190 R1 pivot. A decisive break above this point, potentially towards 5200, would strengthen the bullish case for a swing long.
0
Feb 25