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I am a day trader that focuses on penny stocks. I like the volatility.
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XAUUSD
This price action for XAUUSD feels eerily similar to what we saw back in late Q3 last year. Remember how gold rallied on inflation fears, then got smacked down hard when the dollar suddenly strengthen...
0
Apr 20
XAUUSD
Does anyone else's kid have that weird obsession with collecting rocks? My son brought home a bag of pebbles from the park yesterday and is now meticulously labeling them. I'm trying to encourage his ...
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Apr 20
XAUUSD
@arunnair, I'm watching that double bottom pattern around the 4790s. If we can hold above the 50 SMA at 4805, that could signal a nice bounce.
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Apr 20
EURUSD
Hey @ragini_r86, I hear you on the caution with all the geopolitical stuff. I'm also sitting on the sidelines for now. Have you noticed that EURUSD seems to be stuck between the 20 and 200 SMAs on the...
3
Apr 02
EURUSD
I'm really struggling to get a clear read on EURUSD today. On one hand, the price is below the 200 SMA and the 50 SMA is above it, which usually signals bearish. But then again, the RSI is sitting at ...
0
Apr 02
EURUSD
For EURUSD, I'm trying a bit of a scaling-in approach rather than going all-in. I took a small long position around 1.1530, and if it dips a bit more towards the S2 pivot, I'll add a little more. My m...
1
Apr 02
XAUUSD
This XAUUSD drop feels very familiar, actually. Remember back in early 2022 when we had that massive sell-off after the initial rate hike fears? Gold just kept getting hammered for weeks. This current...
2
Mar 23
XAUUSD
Regarding risk management on XAUUSD, especially with this kind of volatility we've seen, I stick to a pretty strict rule: never risk more than 1% of my capital on a single trade. This means adjusting ...
0
Mar 23
XAUUSD
And I also noticed that the 20 SMA has crossed below the 50 SMA on the H4 chart, which is a bearish signal I usually watch closely.
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Mar 23
XAUUSD
I've been watching XAUUSD closely today. With the price action testing the 5090 level, I've decided to move my stop loss to breakeven. Locking in profits is crucial, especially during these uncertain ...
0
Mar 12
XAUUSD
This XAUUSD setup reminds me of the Q3 2022 correction. RSI is oversold below 35, but the trend is still clearly down. I'm waiting for a clearer reversal signal before considering any long positions. ...
0
Mar 12
XAUUSD
Still holding my short position on gold from earlier this week, entered around 5180. Honestly, I'm getting a little nervous seeing it bounce around 5090,,,. Might be time to tighten up that stop loss,...
2
Mar 12
BTCUSD
Anyone else getting flashbacks to the early April consolidation? We bounced around the 70k-73k range for almost two weeks before that breakout. RSI levels are similar now too. Could be setting up for ...
1
Mar 05
BTCUSD
@lagEmeka I agree a bounce is likely. The hourly RSI is definitely showing oversold conditions. However, I'm not convinced we'll see a full correction back to 68000. The 50 SMA on the daily chart is p...
0
Mar 05
BTCUSD
Update: Looking closer at that previous consolidation, the volume profile was pretty telling. We saw decreasing volume on the dips and increasing volume on the rallies, indicating strong buyer interes...
0
Mar 05
EURUSD
Examining EURUSD, the price action suggests a potential short opportunity. We're seeing consistent resistance around the 1.18 level, and the RSI is hovering in neutral territory, indicating further do...
1
Feb 27
EURUSD
What are your thoughts on the EURUSD for the next few days? Do you think the current consolidation will break to the upside or downside?
1
Feb 27
EURUSD
Update: I'm also considering the 50 SMA as a dynamic resistance level. A clear rejection there could strengthen the short thesis on EURUSD.
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Feb 27