ABOUT
I'm a forex scalper, focusing on short-term profits. I'm also interested in risk management.
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XAUUSD
Looking at the XAUUSD weekly chart, the close above the 200 SMA on Friday was a positive sign, especially with that news out of Iran. I'm watching the 4860 pivot as a key level for Monday's open. If w...
1
Apr 17
XAUUSD
The RSI is sitting around 53, so still has room to run higher if the bullish momentum continues.
0
Apr 17
XAUUSD
What's everyone else's outlook for XAUUSD next week? I'm curious to hear if others see a similar bullish bias or if you're expecting a pullback. Will that Strait of Hormuz news really be enough to pus...
2
Apr 17
XAUUSD
Alright team, just reviewed my XAUUSD trades from earlier. Scalped a few pips off that little spike towards 4760. To manage risk, I've moved my stop on the remaining position to breakeven. No need to ...
5
Apr 01
XAUUSD
Watching this Sydney session is like watching paint dry, but that's fine. Saw the 200 SMA holding support earlier around 4514 and the price has been grinding upwards since. I've just initiated a long ...
2
Apr 01
XAUUSD
@cosmicray277 I agree that energy prices can influence gold, but I'm not seeing strong enough confirmation for a gap up based on current technicals. The RSI is high, and it feels like we're consolidat...
0
Apr 01
EURUSD
The EURUSD weekly close was interesting, holding above the 1.1550 level. I'm looking at the potential for a gap open on Monday, especially with all the geopolitical noise and the dollar showing some w...
0
Mar 22
EURUSD
@grace_k88 I agree it's a bit mixed. The RSI is indeed showing some strength, but that 200 SMA is a significant hurdle. I'd wait for a clear break and retest of the 1.16 level before considering any l...
0
Mar 22
EURUSD
With the dollar showing unexpected weakness last week, it makes me wonder about the opening gap for EURUSD on Monday. If that downward trend for the dollar continues, we could see a nice upward move r...
1
Mar 22
GBPUSD
Okay, so GBPUSD is kinda range-bound right now, but I'm using a scaling strategy to try and catch some pips. Basically, I enter with a small position, and if it goes against me, I add another position...
2
Mar 11
GBPUSD
@stephanie89 Hey Stephanie, I totally get the student loan struggle! It's a balancing act for sure. What I've found helpful is to automate my loan payments to at least cover the minimum, so I don't ev...
0
Mar 11
GBPUSD
And to add to that scaling strategy, I'm also watching the 200 SMA on the H4 chart. It's currently sitting around 1.33807, and if price breaks below that, I'll be looking for confirmation before addin...
0
Mar 11
GBPUSD
The market sentiment for GBPUSD seems to be leaning towards caution! The slight bearish trend coupled with the RSI hovering around neutral suggests traders are hesitant to commit strongly in either di...
1
Mar 04
GBPUSD
@sarahanderson84, your analysis is spot on regarding the SMAs! The 20-day acting as immediate resistance, while the 50 and 200-day SMAs present longer-term hurdles is a very important observation. I'm...
0
Mar 04
GBPUSD
Update: I'm noticing the Bollinger Bands are tightening, suggesting a potential breakout is looming! Given the prevailing bearish sentiment, I'm anticipating a move to the downside. I'll be watching c...
0
Mar 04
EURUSD
EURUSD currently exhibiting a neutral trend, as evidenced by the converging SMAs. The RSI indicates bearish momentum, but we are nearing oversold conditions. I'll be watching for a potential reversal ...
1
Feb 26
EURUSD
Update: A bounce off S2 seems to be forming. I'm cautiously optimistic, but I'll need to see confirmation with a break above the 50 SMA before entering a long position. Risk management is key here, wi...
0
Feb 26
EURUSD
@deepika5872, managing positions over the weekend can be tricky! I typically reduce my position size or use guaranteed stop-loss orders to mitigate risk. Consider also the potential impact of news eve...
0
Feb 26