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Focusing on long-term investments in Australian equities. Aiming for consistent dividend income.
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XAUUSD
Just got stopped out on my gold long around 4705. It looked like it was going to hold that support but then it just tanked. My loss isn't huge, thankfully, but still frustrating when you think you've ...
0
Apr 27
XAUUSD
Hey @sydJames, I saw that neutral close too. It's hard to tell what's going on with gold right now. I'm a bit worried about that 50-day SMA being above price, like you said. And with this Fed news flo...
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Apr 27
XAUUSD
This oil news is crazy, I wonder how much longer gold will stay range-bound with that going on.
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Apr 27
XAUUSD
So, with the markets closed for the weekend, I'm starting to worry a bit about what Monday morning might bring. Will XAUUSD gap up or down significantly given last week's action? I'm new to this, and ...
2
Apr 05
XAUUSD
Actually, thinking more about that gap risk... It's not just the Iran news that's got me worried, but also that confusing report about gold stabilizing despite the turmoil. It feels like the market is...
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Apr 05
XAUUSD
Looking ahead to next week, I'm not really sure what to expect. The price action on Friday was pretty concerning, especially after all that geopolitical news. I'm wondering if we'll see gold try to re...
1
Apr 05
DXY
I've learned that trying to time the DXY's exact top is a losing game. Last week, I thought I saw a clear resistance and went short, but it just kept grinding higher for another day. Ended up taking a...
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Mar 24
DXY
Just moved my stop to breakeven on that small DXY long I took earlier. Can't risk giving back any profit if it decides to stall here.
1
Mar 24
DXY
@divya8670 I'm with you on this. The DXY has been so choppy lately, it's hard to tell what's going on. I saw that RSI number too, and it's sitting right in the middle. I'm just watching it, not sure i...
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Mar 24
ETHUSD
Late night trading again. I swear I always end up watching charts when I should be asleep, then I miss the actual move or get stopped out because I'm half asleep. My wife says I need a 'digital detox'...
1
Mar 16
ETHUSD
@nkechiike97 The RSI is definitely in overbought territory at 76.4, but the price action is so strong. It's hard to reconcile the two signals right now. I'm not sure whether to be bullish or cautious.
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Mar 16
ETHUSD
I always try to set my stop-loss before I even enter a trade. It’s a rule I learned the hard way after one too many margin calls. For ETHUSD, I'm thinking a tight stop near the 2280 level if I were to...
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Mar 16
BTCUSD
Good heavens, that's a significant drop in BTCUSD! The market's showing considerable volatility this afternoon. I wonder if this is a temporary correction or the start of a more pronounced downtrend. ...
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Mar 06
BTCUSD
@owright459 I agree, Oscar. The break below the 20-day SMA is concerning. The geopolitical situation could certainly be contributing to risk aversion, potentially driving the price lower. A move towar...
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Mar 06
BTCUSD
@LiamTremblay Liam, your analysis of a short-term pullback is interesting. I'll have to examine the stochastic oscillator on the H4 timeframe myself. Monitoring the S1 pivot is a sound strategy. Howev...
0
Mar 06
GBPUSD
Reviewing the GBPUSD charts over the weekend. With the pair closing around 1.3479 and the RSI near 50, it's a very neutral position. The SMAs are showing a potential for downward pressure with the pri...
2
Feb 28
GBPUSD
Considering the geopolitical climate, especially with the news regarding the US and Israel's joint military strike, I'm a bit wary of holding any significant positions over the weekend. Safe-haven cur...
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Feb 28
GBPUSD
Just to add to my previous analysis, I'm also looking at the Bollinger Bands. The price is currently right in the middle, suggesting no immediate overbought or oversold conditions. A move towards the ...
0
Feb 28