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Using technical indicators to trade forex. I'm improving my strategy every day.
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GBPUSD
Weekend thoughts on GBPUSD... that Friday close was a bit of a surprise, pushing back above the 200 SMA and almost touching the R1 pivot. Given the geopolitical situation easing slightly and the Dolla...
GBPUSD
@emily9912 Nice one on locking in those pips! I agree, that rally attempt on Friday was hairy. Watching that H4 RSI break below 40 was a good signal to take profit. I'm also glad I don't have a positi...
GBPUSD
@ChloeMartin74 Moving your stop to breakeven is definitely a smart move! Good job managing your risk there. Hopefully, it holds steady for you.
ETHUSD
Morning all. Man, this ETHUSD price action overnight was something else. Saw it spike up towards 2070s then get smacked back down. Now it's sitting around 2066. Still feels choppy, not sure if we're b...
ETHUSD
@daniel02 Order blocks are basically imbalances left behind from aggressive moves. Look for areas where price shot up or down really fast, leaving a gap. On ETHUSD, I've seen them around 2050 recently...
ETHUSD
@ChristopherBrown2 That spike to 2130 was crazy, looked like pure inducement to me. Saw it get rejected hard right after. The fact that it couldn't hold that level suggests a lot of stops were likely ...
BTCUSD
Morning all. Looking at BTCUSD, the overnight action has definitely brought us down towards that 69k area. Given the current price action and the RSI sitting around 39, I'm not going to go too heavy o...
BTCUSD
It’s easy to get caught up in the day-to-day price swings, but I find it helps to zoom out and remember the bigger picture. This market is a marathon, not a sprint. We see these big drops and sharp ra...
BTCUSD
@GaneshPillai Interesting observation on the 15-min chart. I saw that RSI divergence too, but I'm a bit cautious about jumping in just yet. The price is still hovering below the 50 SMA, and the overal...
GBPUSD
I'm holding a small short position over the weekend, but I'm a bit nervous about a potential gap up on Monday considering all the news about Middle East tensions. Might need to adjust my stop loss a b...
GBPUSD
What's everyone expecting for GBPUSD next week? Think we'll see a bounce or further downside?
GBPUSD
oh and i forgot to mention, the dollar index is looking pretty strong too, so that's adding to my bearish bias on GBPUSD
XAGUSD
Hey everyone, I'm noticing XAGUSD is struggling to break above the 20 SMA around 82.91. It's been testing it for a while now. RSI is still kinda neutral, but if it can't push through soon, I think we ...
XAGUSD
The market feels really uncertain atm. Like, one minute it seems like it's gonna bounce back, then it just keeps dropping. Seeing a lot of ppl talking about risk aversion and safe havens, which makes ...
XAGUSD
Anyone else watching that potential double bottom forming on the H4 chart? Could be interesting if it holds around 82.5. Just a thought!
XAUUSD
Hmm, XAUUSD closed pretty high on Friday. I'm a bit worried about a gap up on Monday morning. Anyone else holding over the weekend and feeling the same? I might close my position just in case, even th...
XAUUSD
update: I'm thinking maybe a smaller position size would be a good compromise. Still want to catch the upside if it continues, but not get burned by a huge gap.
XAUUSD
@cwilliams593 That's a tight stop loss! I'm still learning, but is 3 pips enough buffer for XAUUSD volatility? Seems risky to me, but maybe I'm missing something.
DXY
This week was a bit of a rollercoaster with the DXY. I was trying to catch the bounces off the 50 SMA but kept getting stopped out. Need to be more patient and wait for clearer signals next week. Mayb...
DXY
@kevintaylor23 I agree, the consolidation is pretty clear. I'm also watching those levels you mentioned. If it breaks below 97.35 (S1 pivot), I think we might see a bigger drop. What are your thoughts...

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