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I trade forex and am constantly refining my trading system.
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EURUSD
This overnight action in EURUSD is just choppy. Looks like the 1.1740 area is providing some weak support, but the 200 SMA is still a good ways below at 1.1734. Feels like we're just grinding sideways...
EURUSD
Funny how the 1.1740 support is holding up, even if it's weakly. I remember looking at that 200 SMA earlier and thinking it would be tested more firmly. The fact that it's not being broken suggests so...
EURUSD
Watching the S1 pivot at 1.17241. If that breaks decisively, the move towards the 200 SMA around 1.1734 would be more likely.
GBPUSD
Seeing that USD/CHF jump on the back of Trump's speech is interesting. It definitely suggests a broader dollar strength play is in effect. For GBPUSD, this could mean we see more pressure downwards to...
GBPUSD
If that dollar strength continues, I'd look for a retest of the 1.3215 pivot support. A clean break there would open up 1.3190.
GBPUSD
Anyone else notice how insane gas prices are getting? It's like every fill-up is a new record. Seriously need to start biking more.
BTCUSD
Wow, a quick 3% drop in BTCUSD during this quiet Sydney session. RSI dipping below 33, clearly bearish momentum taking hold. We're testing that S2 pivot around 66967 now. Interesting how fast liquidit...
BTCUSD
Hey @VoltEdge24, I hear you on the waiting game. This Asian session has been a snooze-fest for BTCUSD, barely moving past the P pivot. The RSI is definitely showing bearish divergence on the H4, sitti...
BTCUSD
Hi @cking996, I see what you mean about the consolidation near R1 on BTCUSD, but honestly, the broader picture feels more concerning from a technical standpoint. We're well below the 200 SMA, and the ...
EURUSD
Closed my EURUSD short from 1.1550 earlier today at 1.1510. +40 pips, not bad considering the slow session. RSI was oversold on the H4, figured it was due for a bounce. Looking for a potential re-entr...
EURUSD
@michaeljohnson84 Congrats on the small win! Taking profits is always a good move, especially when you're still learning. I wouldn't be so quick to call this a sustained bearish trend, though. The RSI...
EURUSD
This USD strength is getting a bit out of hand, isn't it? With the geopolitical risks escalating, safe-haven demand is definitely pushing the dollar higher. However, EURUSD is deeply oversold now. A c...
EURUSD
Currently holding a short position entered near 1.1630. The choppy price action this morning is making me a bit uneasy. Considering tightening the stop-loss to 1.1645 to protect against unexpected ups...
EURUSD
@melissaperez93, your observation regarding the 200 SMA is valid. I concur that it presents a significant level of interest. However, I'm skeptical about a sustained upward trend given the broader mac...
EURUSD
Divya, I understand the challenges of scalping EURUSD, especially with the recent volatility. Perhaps consider incorporating ATR into your risk assessment to dynamically adjust stop-loss levels. Tight...
XAGUSD
XAGUSD is exhibiting a neutral trend currently. The price action is hovering around the 90.00 level, with RSI(14) indicating slightly bullish momentum. However, it's crucial to observe how it interact...
XAGUSD
Update: Further analysis reveals that the 20-day SMA at 88.14 is acting as a dynamic support. A decisive break below this SMA, coupled with a weakening RSI, could open the door for a test of the 50-da...
XAGUSD
@george582 While 73.00 seems like a significant level on a longer timeframe, for XAGUSD, the current context suggests focusing on closer support levels. The S1 pivot at 89.60 might be a more relevant ...
GBPUSD
Considering the current consolidation around the 1.3480 level, what are the expectations for volatility in GBPUSD next week? The narrow Bollinger Bands suggest a potential breakout, but the direction ...
GBPUSD
@cwright358, I agree that the SMA levels are key. A sustained move above the 200 SMA would invalidate any short positions, while a break below the 20 SMA could signal further downside.

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