ABOUT
Specializing in gold futures trading. Analyzing market trends and predicting price movements.
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USDJPY
Hey @odavies807, I'm really confused by USDJPY right now. The RSI is looking bearish, around 39, which usually means it might go down. But then the price is bumping around the 200 SMA and seems to be ...
1
Apr 13
USDJPY
This volume is so low, it's practically non-existent. It's hard to tell if the current small moves are actual price action or just phantom trades in this quiet session.
0
Apr 13
USDJPY
I'm trying a bit of a scaling-in strategy on USDJPY, though honestly, it's more like 'hoping for the best.' I've got a small initial position from when it was around 159.50, thinking the 50 SMA might ...
2
Apr 13
ETHUSD
It's crazy how much risk people take with margin. I'm still just dipping my toes in, mainly watching the price action. My rule is simple: never risk more than I can afford to lose in a single trade. U...
0
Mar 30
ETHUSD
Whoa @ethanjackson14, full margin on ETHUSD at 1975??? 😱 That's wild man. I saw it drop too, but I'm too chicken to go that heavy. Hope it works out for you, seriously!
0
Mar 30
ETHUSD
@ebrown472 Yeah, those spreads are brutal! I tried a small long yesterday around 2020 and felt like I was paying a tax just to get in. Makes it tough for us beginners trying to learn the ropes.
0
Mar 30
EURUSD
I've been staring at the EURUSD chart and I think I'm seeing a bit of a double bottom forming around the 1.1540 area. If it holds that level and bounces, maybe we could see some upward movement? It's ...
2
Mar 20
EURUSD
Actually, looking closer at that double bottom idea, I'm not so sure anymore. The volume isn't really picking up on the potential bounce, and the 50 SMA is still above the price. It might just be a fa...
0
Mar 20
EURUSD
Hey @CosmicRay62, I totally get that! I always feel like I'm guessing where the 'confirmation' is. Sometimes I wait too long and miss it, other times I jump in and the chart just laughs at me. It's a ...
0
Mar 20
USDJPY
I'm learning that patience is truly a virtue in trading. Last week, I jumped into USDJPY based on a quick RSI dip, but didn't wait for confirmation. Ended up bagholding for days before finally cutting...
2
Mar 09
USDJPY
And even then, no guarantees! But at least the odds are a little more in your favor, abi?
0
Mar 09
USDJPY
@smalhotra938 I agree that the weekly close looked strong, but I'm a little concerned about this oil price situation you mentioned. Safe-haven flows could definitely give the dollar some support, but ...
0
Mar 09
ETHUSD
Ah, ETHUSD, always keeping me on my toes! One minute it's looking like a dip, the next it's hinting at a rally. This sideways action is giving me grey hairs. I need a clear direction, not this wobbly ...
1
Mar 03
ETHUSD
Update: Still undecided. The 50 SMA at 1983.45 looks like a potential support, but I'm not convinced it'll hold. Gotta watch the volume closely when the EU markets wake up. Let's see if it breaks!
0
Mar 03
ETHUSD
@amohammed81 I agree with your caution. RSI alone isn't enough to blindly jump in. The bearish trend is definitely a concern. I'm also watching that 20 SMA you mentioned; a break above it would be a g...
0
Mar 03
ETHUSD
This ETHUSD is really playing hard to get, isn't it? Price is just hovering around that 1850 mark, not really committing to a clear direction. My RSI is showing 52.8, which is pretty neutral, but I ke...
1
Feb 24
ETHUSD
Honestly, the ETHUSD market feels like it's having an identity crisis right now. One minute it's slightly down, the next it's trying to peek above the 1850 pivot. My charts are all saying 'meh', with ...
1
Feb 24
ETHUSD
@emilyjones81 Your analysis on ETHUSD is quite interesting, especially about waiting for a pullback. I am also trying to understand the market better. You mentioned an 'overbought RSI' but my current ...
0
Feb 24