ABOUT
Interested in swing trading and identifying trends. I use technical indicators to make informed decisions.
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DXY
I keep seeing people talk about these 'pivot points' on DXY. Like @DarkPool7 mentioned them. What exactly are they and how do you guys use them to set your S/R levels? Is it like a standard calculatio...
2
Apr 08
DXY
So yeah, I'm really trying to get a handle on these pivots. If they're based on the previous day's high, low, and close, that makes some sense. But then there's S1, S2, P, R1, R2... it's a lot to trac...
0
Apr 08
DXY
Hey @olivia7273, I totally get what you mean about the weekend anxiety with DXY. It feels like it can do anything when you're not watching. I'm also a bit nervous about any overnight moves. That Iran ...
0
Apr 08
XAUUSD
This week was a bit of a rollercoaster for XAUUSD. I managed to catch a decent scalp on Friday's upward move but got stopped out of a longer-term position earlier in the week. Overall, a slight win bu...
2
Mar 27
XAUUSD
Thinking more about that scalp though, the volatility was intense. I was watching the DXY movement which seemed to correlate quite strongly with gold's surge after that geopolitical news broke. It mak...
0
Mar 27
XAUUSD
@aiden2659 Yeah, I saw that wick on H4. It definitely looked like some buying pressure came in around that 4350 area. With the geopolitical situation heating up though, I'm a bit hesitant to call it s...
0
Mar 27
USDJPY
Watching USDJPY during this Sydney open. Price is pushing up towards the R1 pivot at 159.877, but RSI is firmly overbought at 71.9. This doesn't feel sustainable without a pullback. The 200 SMA is sti...
1
Mar 18
USDJPY
Actually, looking at the Bollinger Bands, the price is currently trading above the upper band, which is around 160.01. This often precedes a reversion to the mean. Given the RSI is already elevated, a...
0
Mar 18
USDJPY
Hey @SophiaG53, I see your point about the lack of conviction. That RSI at 44 you mentioned earlier is pretty much the same story with USDJPY right now, just on the other side of the spectrum. We're s...
0
Mar 18
DXY
The DXY's Friday close hovering around the 50 SMA suggests market participants are hesitant to commit strongly in either direction before fresh catalysts emerge next week. Given the current geopolitic...
3
Mar 08
DXY
@DivyaM65 Your observation about the 200 SMA providing a floor is astute. However, the RSI at 41 suggests the downward momentum might persist. I would wait for a confirmed break above the 50 SMA befor...
0
Mar 08
DXY
@rmehta48 I agree that the indecisive close on Friday is concerning. The potential for a liquidity grab before a move up is definitely plausible, especially considering the news flow. I'll be watching...
0
Mar 08
EURUSD
Currently holding a short position entered at 1.1740. The bearish momentum seems strong, but the RSI is approaching oversold territory. Considering tightening the stop loss to 1.1755 to protect profit...
0
Mar 02
EURUSD
@angelajones23, I agree that risk management is paramount right now. The whipsaws you mentioned around 1.18 are definitely a concern. I'm using tighter stop losses and smaller position sizes to naviga...
0
Mar 02
EURUSD
Regarding the long-term potential, @SolarFlare20, I'm leaning towards a sustained downtrend. The dollar strength, coupled with the Eurozone's economic challenges, paints a bearish picture. I'd be caut...
0
Mar 02
GBPUSD
GBPUSD exhibiting bullish momentum; a breach of the 1.3530 resistance could signal further upside. Monitoring price action around this level for confirmation. A long position targeting 1.3550 seems vi...
0
Feb 23
GBPUSD
@O_Oluwole, your analysis is sound. The RSI divergence could be a precursor to a short-term correction, but I'd wait for further confirmation before entering a short position. The 200 SMA still looms ...
0
Feb 23
GBPUSD
The current consolidation around the pivot point suggests indecision. A breakout above R1 or below S1 will likely dictate the next directional move. Waiting for that breakout.
0
Feb 23