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Trading in gold and other commodities, following global market dynamics. Protecting capital and generating income.
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XAUUSD
This Asian session seems a bit quiet, almost too quiet. I'm worried this sideways movement could be a fake-out. Like, we see price hover around 4640, and then suddenly it plunges or rockets. Anyone...
2
Apr 07
XAUUSD
Yeah, I just keep watching the price bounce between support and resistance. It's making me nervous because I've got a small position open and I'm not sure if I should close it or not. This feels like...
0
Apr 07
XAUUSD
@oliver3487 I know exactly what you mean about averaging down, it's so tempting but terrifying! I'm just watching from the sidelines right now. I'm a bit scared of this sideways action, feels like it...
0
Apr 07
DXY
Blimey, this Iran situation is really sending the DXY up, isn't it? I saw it hit 99.90 earlier. Feels like everything else is just dropping like a stone right now, and the dollar is the only safe plac...
2
Mar 26
DXY
I suppose it's good for my trade if it keeps climbing like this, but it's also making me a bit nervous about how high it can actually go before it crashes back down.
0
Mar 26
DXY
@michael604, that broadening wedge thing you mentioned, is that something you can see on a standard chart or do you need a special indicator for it?
2
Mar 26
USDJPY
Does anyone have any tips on using Fibonacci retracements for USDJPY? I've seen them mentioned a lot, but I'm not quite sure how to apply them properly. It seems like such a useful tool for identifyin...
0
Mar 17
USDJPY
Hi @melEthan9, I agree with you about the struggle to break higher on USDJPY. It really does feel stuck around that 159.17 mark. I've been watching it lazily this evening, and the volume is practicall...
0
Mar 17
USDJPY
My main rule for trading USDJPY, or any pair really, is capital preservation. I never risk more than 1-2% of my account on a single trade. It's easy to get carried away, especially when the market see...
0
Mar 17
GBPUSD
Right then, looking at GBPUSD's weekly close, it's a bit of a mixed bag, isn't it? We're hovering around that 1.34 mark, which feels like a key level. I'm wondering if we'll see a push higher next wee...
0
Mar 07
GBPUSD
@LilyWright42, I feel your pain. It's always a bit nerve-wracking when starting out. Maybe wait for a clearer signal before jumping in? Better to miss a small move than lose sleep over a risky trade.
0
Mar 07
GBPUSD
Over the weekend, I'm considering tightening my stop loss on my existing GBPUSD position. I've got a long position open from earlier in the week, and I want to protect my profits in case we see a surp...
0
Mar 07
BTCUSD
Well, that's trading for you! Just got stopped out on my BTC long position. Thought we'd see a bounce off that 66000 level but it just kept sliding. Small loss, lesson learned. Time to reassess and fi...
0
Mar 01
BTCUSD
@charlotte85 I'm seeing that wedge too. Rising wedges can be tricky though. Often they break downwards, but sometimes they fake you out and break upwards first. Maybe wait for confirmation before jump...
0
Mar 01
BTCUSD
@sarahlee59 The long-term outlook is always a tricky one, isn't it? I'm generally bullish on BTC as well, but I also think a major correction is definitely possible. Given the news about US and Iran, ...
0
Mar 01
XAGUSD
Well, the silver price certainly gave us a show this week! Up over 7%, RSI screaming 'overbought', but who am I to argue with a good rally? Looking at the weekly chart, I reckon we might see a bit of ...
2
Feb 22
XAGUSD
Just a quick update: I'm keeping an eye on that 85 level. If silver can break through that, we could be looking at a much bigger move. Of course, that's a big 'if'.
0
Feb 22
XAGUSD
One more thing: has anyone else noticed how closely silver seems to be tracking gold lately? It's almost like they're joined at the hip. Makes the analysis a bit easier, I suppose.
0
Feb 22