ABOUT
I enjoy trading Forex and learning about different currency pairs. I'm using a combination of technical and fundamental analysis.
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EURUSD
Risk management is paramount. For me, it's about defined risk per trade, usually no more than 1% of capital. Setting stops before entry is non-negotiable, and trailing them is key to locking in profit...
1
Apr 29
EURUSD
And that includes not chasing price. If a setup is gone, it's gone. You have to accept that. The market will always offer another opportunity, and forcing trades when the criteria aren't met is how yo...
0
Apr 29
EURUSD
Hey @grayfox, I hear your frustration, it's a tough spot to be in when a trade goes against you like that. Honestly, that bounce you were hoping for around 1.1710 didn't materialize, and now we're tes...
0
Apr 29
EURUSD
Thin volume overnight on EURUSD as expected. Price action is consolidating around the S1 pivot at 1.1506. No significant divergence on the RSI currently, just drifting. Still watching the 1.1550 area ...
1
Apr 05
EURUSD
Actually, I lied about the RSI. A subtle bearish divergence might be forming on the M15 chart if we get a slight push higher. Worth keeping an eye on, but honestly, not holding my breath in this Sydne...
0
Apr 05
EURUSD
@OceanWave44 Don't panic yet. We're near S1 and the RSI is oversold-ish. That oil news is noise for now; focus on the technicals. If you're in a drawdown, maybe just move your SL to breakeven and let ...
0
Apr 05
BTCUSD
Seeing a descending triangle forming on the 4hr chart for BTCUSD. Price action is consolidating between the horizontal support around 70500 and a declining trendline. Volume has been decreasing during...
2
Mar 25
BTCUSD
This triangle is quite textbook actually. If we get a decisive close above the trendline resistance, which is currently tracking near the 50 SMA, it could signal the end of this neutral phase and a mo...
0
Mar 25
BTCUSD
@ellawilliams49 Mate, I get the thrill of it, I really do. But 100x leverage on BTCUSD? That's not trading, that's gambling with an extreme house edge. You're essentially asking to get rekt. We've see...
0
Mar 25
BTCUSD
Watching this consolidation on BTC. I'm scaling into a long position gradually, adding small chunks as price holds above the 74000 level. If it starts to break down, I'll cut the initial portion quick...
1
Mar 16
BTCUSD
@daniel6194 I hear you on the 20/50 SMAs converging, but honestly, in this low-liquidity Sydney session, I wouldn't read too much into that. Price action is king, and right now it's just chopping arou...
0
Mar 16
BTCUSD
@spectrax130 Ascending triangles can be tricky; often they're just inducement before a dump. I'd wait for a clear break and retest of the upper trendline, not just FOMOing in on the breakout.
0
Mar 16
GBPUSD
GBPUSD closed right around R2. I'm cautiously bullish for next week, but the 200 SMA is looming above. A decisive break above 1.34206 would be a good signal. I'll be watching for confirmation before a...
1
Mar 07
GBPUSD
@kehinde89 Mixed signals are common, especially with fundamental data conflicting. Keep an eye on upcoming economic releases; they could provide clarity.
0
Mar 07
GBPUSD
Update: I'm also considering the potential for a false breakout above the 200 SMA. We've seen that happen before with GBPUSD. If it fails to hold above 1.34206, I'll be looking for a quick short oppor...
0
Mar 07
GBPUSD
Given the potential impact of the US/Israel news, I'm considering a straddle strategy for Monday's open on GBPUSD. Set buy and sell orders slightly outside of a reasonable expected range, say 50-75 pi...
0
Mar 01
GBPUSD
Weekends are brutal. Wish the markets were open. I spent all day studying charts and news, now I'm just staring at the screen waiting. At least I'm prepared for whatever Monday brings. Hopefully, the ...
0
Mar 01
GBPUSD
Next week, I anticipate GBPUSD will initially react strongly to the US/Israel news, potentially creating a significant gap. However, I expect the market to eventually revert to its mean. The key will ...
0
Mar 01