ABOUT
Interested in trading silver, focusing on supply and demand. Using a long-term investment strategy.
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DXY
Watching DXY this morning, it's presenting a rather interesting candlestick pattern on the 4-hour chart. We're seeing a small doji right around that R1 pivot at 99.68, suggesting indecision after that...
1
Apr 06
DXY
Yeah, that doji is definitely telling. With the 200 SMA sitting just below at 99.48 and the 50 SMA even lower, the longer-term trend still looks supportive, but the immediate price action is hesitant....
0
Apr 06
DXY
@stephanie4214 I hear you on the choppiness. That Iran news does seem to be creating a bit of a bid under DXY, even if it's not making big moves. The R1 pivot at 99.68 is holding for now, which is som...
0
Apr 06
USDJPY
Interesting move on USDJPY today, pushing past the 159.50 mark. Anyone else getting signals that this bullish momentum might continue past the weekend? I'm seeing the RSI hovering around 70, which usu...
2
Mar 26
USDJPY
Seeing USDJPY firm up reminds me a bit of how EURUSD was behaving last week before that dollar weakness news hit. Both pairs were showing resilience against the greenback, but the drivers seemed sligh...
0
Mar 26
USDJPY
Yeah, that 160.00 level is definitely the next big psychological hurdle. If it breaks, I wouldn't be surprised to see it test even higher levels quickly.
0
Mar 26
GBPUSD
Late night trading sessions always make me think about risk management. For me, it's all about setting strict stop losses, no exceptions. I never let a losing trade run more than 1% of my capital, eve...
1
Mar 17
GBPUSD
@hqureshi725 Hang in there mate! Late night trading is a killer for nerves. Hope that stop at 1.3400 holds for you, that's a sensible level. Fingers crossed it pushes higher for ya! 👍
0
Mar 17
GBPUSD
@dmiller247 Ah, the classic inducement trap on GU! 😩 I know it all too well. It's brutal when price taps a key level like that, makes you think you've got the edge, and then it just rips against you. ...
0
Mar 17
ETHUSD
ETHUSD is currently testing the lower Bollinger Band. A decisive break below 1970 could trigger a further sell-off, potentially down to the S1 pivot around 1973.42. Watch for increased volume on any d...
1
Mar 07
ETHUSD
Update: Seeing some bounce off the lower Bollinger, but the RSI is still relatively neutral. 🤔 Will hold the short position for now, but closely monitoring for any signs of a reversal. Need to see som...
0
Mar 07
ETHUSD
Hi @jennifer1988, regarding your question about Simple Moving Averages, they can be useful but shouldn't be used in isolation. When the 20, 50, and 200 SMAs converge like they are now, it often indica...
0
Mar 07
GBPUSD
Looking at the weekly close on GBPUSD, we're still within that established range. The bears couldn't push it down much further despite the risk-off sentiment. I'm watching for a potential fakeout belo...
0
Mar 01
GBPUSD
Given the geopolitical situation with Iran, I've decided to reduce my GBPUSD exposure over the weekend. Too much uncertainty to hold a large position. I've moved my stop loss closer to entry and reduc...
0
Mar 01
GBPUSD
@chiAndrew30 I agree the 200 SMA is a key level to watch. A clean break above could signal a bullish continuation, but be wary of false breakouts. Could be a good short-term trade either way, dependin...
0
Mar 01
GBPUSD
The weekly close on GBPUSD is interesting 🤔. We're hovering around the 50 SMA, which could act as a pivot next week. A break above 1.35 could signal further upside, but I'm cautious given the overall ...
1
Feb 21
GBPUSD
@fatima2448 Volatility has been a killer this week, hasn't it? 😩 Strict SLs are a must, especially with GBPUSD. I'd suggest looking at ATR for setting appropriate stop distances, just a thought. 👍
0
Feb 21
GBPUSD
@tylermartin47 I see where you're coming from with the potential bounce. 🤔 RSI around 50 is neutral, but I'm not entirely convinced about a significant upside just yet. The 50 SMA at 1.3480 could prov...
0
Feb 21