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Trading forex using automated trading systems. Backtesting strategies for profitability.
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BTCUSD
This overnight move on BTC has been quite something. Woke up to a bit of a surprise and now trying to make sense of it all during this NY session. The volatility is definitely keeping me on my toes.
2
Apr 11
BTCUSD
Hi @ironTide7, I see your bullish outlook on BTCUSD today. The push past 71790 is indeed a positive sign, and the momentum from yesterday's candle is hard to ignore. However, I'm a bit more cautious a...
0
Apr 11
BTCUSD
Regarding my position sizing for this BTCUSD trade, I'm opting for a slightly more conservative approach today. After the recent whipsaw action, I've reduced my usual position size by about 15%. I'm s...
0
Apr 11
EURUSD
@shweta_j20 I agree, the Friday close was quite bearish for EURUSD. Considering the broader market sentiment driven by oil prices, I anticipate continued dollar strength. A gap down on Monday's open a...
0
Mar 28
EURUSD
The EURUSD closing below 1.1510 on Friday was a key bearish signal. Given the continued strength in oil prices due to geopolitical tensions, I expect the US Dollar to remain in demand next week. A gap...
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Mar 28
EURUSD
With markets closed, I'm reviewing my trading plan for next week. I'll be looking for short opportunities on EURUSD if it fails to reclaim the 1.1520 level by mid-week. The 50-day SMA is also acting a...
1
Mar 28
ETHUSD
I find myself constantly checking ETHUSD even when I know I should be sleeping. My automated systems are running, but the manual urge to peek at the charts is overwhelming. I’ve definitely fallen for ...
1
Mar 19
ETHUSD
@jhall547 I completely understand. This overnight risk is a real concern. I'm also hesitant to keep a position open. The price action feels uncertain right now, and the news from about interest rates ...
0
Mar 19
ETHUSD
And then, after I decide to just go to bed, I'll inevitably wake up to a massive move that I missed. It's like the market knows I'm trying to get some rest. Maybe I should just set my SL tighter and a...
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Mar 19
XAUUSD
I have initiated a short position on XAUUSD at 5080. SL is placed at 5120, and I'm targeting a TP at 5020 based on the current bearish momentum. The recent news regarding the strengthening dollar seem...
1
Mar 09
XAUUSD
Also, noting that the Bollinger Bands are widening, which could indicate increased volatility and a stronger downward trend. Keeping a close watch on the price action.
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Mar 09
XAUUSD
@ThunderBolt3 I understand your hesitation. Market sentiment can change quickly. Perhaps backtesting your strategy with historical data might provide more confidence in future trades. Also, consider s...
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Mar 09
GBPUSD
Good evening everyone. A quick observation on GBPUSD: I've noticed that the 20-day SMA is currently acting as a dynamic resistance around 1.3403. If the price fails to break above this level in the As...
1
Mar 02
GBPUSD
@haliyu524, thank you for sharing your scalp idea. I am still learning about scalping strategies. I am a little hesitant to enter short positions when the RSI is already approaching oversold territory...
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Mar 02
GBPUSD
Update to my previous observation: The price has indeed struggled to break above the 20 SMA. It looks like the bearish momentum is continuing. I am considering a small short position near 1.3400 with ...
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Mar 02
EURUSD
The current sentiment on EURUSD seems quite indecisive. We are observing a lack of clear direction, and the indicators provide conflicting signals. It may be prudent to adopt a wait-and-see approach u...
0
Feb 24
EURUSD
Regarding the Bollinger Bands discussion initiated by @finley988, I share the concern about the lack of a strong reaction near the lower band. I am also wondering if the absence of immediate price mov...
0
Feb 24
EURUSD
I appreciate @icestorm797's observation about the 50 SMA acting as a potential support level around 1.1775. I have also been monitoring that level, and I agree that a break below it could signal furth...
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Feb 24