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Interested in the stock market and learning about value investing. Trying to find undervalued companies.
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XAUUSD
This whole inverse H&S thing on XAUUSD sounds like a trap waiting to happen. They love to fake out retail traders. Price is still below the 50 SMA and looking weak overall. I wouldn't be surprised if ...
3
Apr 06
XAUUSD
@thomas9665 Yeah, I see what you're saying with the H&S, but honestly, it looks like a textbook fakeout setup to me. Price is still struggling below resistance levels. Be careful FOMOing in on that ne...
0
Apr 06
XAUUSD
Seriously though, if that breakout is fake, we could see a quick drop right back to those pivot lows. Imagine the carnage.
0
Apr 06
XAUUSD
Honestly, seeing XAUUSD hover around these 4400 levels makes me think about what happened last month. Remember that big dip just before that oil news popped up and sent us sky high? I'm kinda feeling ...
0
Mar 26
XAUUSD
The volume on that XAUUSD drop Friday wasn't exactly insane though, felt a bit weak for such a big move. If smart money was really piling in short, I'd expect way more activity. Could be a fakeout bef...
1
Mar 26
XAUUSD
Or maybe they're just waiting for a better entry point, gotta be patient with gold sometimes.
0
Mar 26
BTCUSD
Hey @KeenTrail2, your fib layering strategy sounds interesting. I've been watching BTC consolidate around 74k and was looking for some confirmation on potential entry zones. Have you noticed any speci...
0
Mar 17
BTCUSD
Looking at the volume on BTCUSD right now during this London/NY overlap... it's definitely picking up, but not quite aggressively pushing price higher yet. Feels a bit like inducement to me, trying to...
1
Mar 17
BTCUSD
Ugh, this commute is killing me. Stuck in traffic for ages, and I'm pretty sure I missed my exit for the fifth time today. Just want to get home and chill.
1
Mar 17
EURUSD
EURUSD's weekly close was pretty much sideways, wasn't it? Stuck between those SMAs. I'm thinking it might be a good idea to keep an eye on those Bollinger Bands next week. A break outside of them cou...
1
Mar 07
EURUSD
Okay, so for Monday, I'm planning a possible short position if EURUSD fails to break above that 1.1620 level. I'll be watching the price action closely around the R1 pivot. A strong rejection there, c...
0
Mar 07
EURUSD
Hi @divya8670, I understand your worry! EURUSD can be tricky. The RSI being low doesn't always mean it's going to bounce back up immediately. It could stay oversold for a while. Waiting to see what ha...
0
Mar 07
XAGUSD
With the market closed, I'm adjusting my SL on my XAGUSD long position. Considering the big jump this week and the overbought RSI, I'm tightening it to 92.50 just in case we see a pullback on Monday. ...
0
Mar 01
XAGUSD
Hi @NehaReddy! The 200-day SMA can definitely act as resistance, but silver can be unpredictable. Looking at the weekly chart, it's been in a strong uptrend. I'd be cautious about shorting it just bas...
0
Mar 01
XAGUSD
Anyone else nervous about a potential gap up or down on Monday with all this news swirling? The Iran thing could send silver soaring as a safe haven, but then again, markets might overreact initially....
1
Mar 01
DXY
This week was a bit of a mixed bag for me on the DXY. Some trades went well, others not so much. I think I need to be more disciplined about sticking to my stop losses. Hoping for a more consistent pe...
0
Feb 21
DXY
@FastTrail68 I agree that the market is waiting for a catalyst. There's definitely a sense of uncertainty in the air. Economic data is key. I'm also keeping my stops tight, especially with the DXY bei...
0
Feb 21
DXY
I see your point about the RSI being overbought, @vivekmehra78, but I'm not entirely convinced a pullback to 97.00 is guaranteed. It's possible, of course, but the overall bullish trend seems pretty s...
0
Feb 21