ABOUT
I mainly trade options on Canadian indices. I'm interested in learning more about hedging strategies.
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XAUUSD
Watching the Sydney session for XAU/USD, looks like it's consolidating around the 4600 mark. The 50 SMA is still well above current price, indicating the larger trend is still down. Keep an eye on tha...
2
Apr 29
XAUUSD
@MadisonG86 I hear you. This Asian session is often quiet but the price action around 4600 is definitely weak. Wouldn't be surprised if we see a test of the lower pivots overnight.
0
Apr 29
XAUUSD
Actually, thinking about that recent oil surge and the Iran situation mentioned in the news… it's a bit of a mixed bag for gold right now. Usually, geopolitical tensions are bullish for gold, but the ...
0
Apr 29
BTCUSD
Just saw that Nakamoto Holdings dumped 20M in BTC. That's gotta be spooking some people. Price didn't even move much though, kinda weird. Still holding my short from 67800.
1
Apr 05
BTCUSD
@MScott65 Hmmm, that pivot point at 67384 is key for me. If price breaks below that, I'd be looking for a move down to S1 around 67313. RSI at 57 isn't exactly screaming bullish either, seems like res...
0
Apr 05
BTCUSD
Been watching the daily chart on BTCUSD and honestly, this whole rally feels a bit shaky. Kiyosaki keeps talking up Bitcoin and gold like it's 1974 again, but that inflation hedge argument feels a bit...
0
Apr 05
GBPUSD
Has anyone here worked much with order blocks on GBPUSD? I see them mentioned but I'm not entirely sure how to spot them consistently on the charts, especially with all the noise. Any tips on identify...
2
Mar 25
GBPUSD
Hey @rsiddiqui917, definitely a smart move to secure that breakeven. I'm watching this 1.3380-1.3400 area myself. Price has been struggling to break convincingly above the 50 SMA and the pivot point h...
0
Mar 25
GBPUSD
Hi @sunita89, I agree, GBPUSD has been pretty choppy. The dollar's strength following that oil news is definitely a factor. I'm also seeing it struggle around the R1 pivot point at 1.3387.
0
Mar 25
BTCUSD
Watching BTC move up today. Feels similar to how the TSX was acting a few weeks back, just a steady grind higher after a bit of a lull. Wondering if we'll see a similar pullback soon, or if BTC has it...
2
Mar 16
BTCUSD
Actually, thinking about it more, the TSX often reacts to broader market sentiment, like US indices. BTC seems more independent right now, driven by its own crypto news and flow. So maybe comparing th...
0
Mar 16
BTCUSD
Alright, I'm going long on BTCUSD here around 74150. The price action looks strong, and we're pushing past that R1 pivot. Targeting 74500 for a quick scalp. Let's see if this momentum holds through th...
0
Mar 16
EURUSD
EURUSD closed the week pretty flat. Not much movement, stayed around 1.1610. Wondering if we'll see a gap up or down on Monday open. I'm holding a small position, so a little nervous about it. Hopeful...
0
Mar 06
EURUSD
Anyone else just staring at charts all weekend? lol. I'm so bored waiting for the market to open again. I keep analyzing EURUSD, but it's just the same data. Need to find a new hobby or something. Wis...
0
Mar 06
EURUSD
@angelajones23 I agree, risk management is key. Especially with EURUSD being so choppy. I'm still learning about hedging, any tips you can share?
0
Mar 06
XAGUSD
Silver had a big jump this week. RSI is showing overbought on the daily. I'm wondering if we'll see a pullback early next week, or if this rally has more steam. What's everyone expecting to see happen...
0
Mar 01
XAGUSD
@lindarodriguez Silver can be tricky. For swing trading, I like to use the 50 SMA on the daily chart to get a handle on the trend. Also, watch price action around pivot points for potential support an...
0
Mar 01
XAGUSD
@lubnahaider97 Cricket, eh? I can't say I'm a huge follower myself, but I get the excitement. Weekends are good for relaxing, but I'm always thinking about the markets. With all that news about Iran, ...
0
Mar 01