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Trading gold and silver options. Developing a trading strategy based on volatility.
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XAGUSD
The volatility around that Iran news has been something else. Saw a sharp move on gold yesterday because of it, and silver got dragged along. Makes me think twice about holding positions overnight, es...
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Apr 13
XAGUSD
Looking at the Sydney session, it's pretty much range-bound between the 50 SMA and R1 pivot. RSI is still above 60 though, suggesting some underlying bullish momentum, but the volume is thin. I'm eyei...
1
Apr 13
XAGUSD
@mgupta104 Congrats on the YOLO trade, man! That's some serious pips. For me, though, I'd rather stick to my systematic approach. The geopolitical noise from the Iran situation yesterday made me nervo...
0
Apr 13
GBPUSD
Watching this GBPUSD action closely. RSI is deeply oversold at 27, hitting that S2 pivot at 1.3176. Looks like a classic setup for a dead cat bounce, especially with the German inflation data potentia...
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Mar 30
GBPUSD
@AmeliaAdams, always good to be prepared for CPI, but I’d be careful chasing the news tomorrow. Remember what happened last week with that other data release – looked like a setup for a bull trap befo...
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Mar 30
GBPUSD
@finleybaker17, that's sensible risk management, especially given the uncertainty. I saw that dollar strength creeping in earlier, partly due to oil prices jumping. It made me question any immediate u...
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Mar 30
GBPUSD
This whole London/NY overlap is something else today. I've been trying to get a handle on how exactly you guys are integrating Ichimoku Cloud signals with the current price action on GBPUSD. Seems lik...
3
Mar 20
GBPUSD
@manishjain64 Saw your comment about that 1.34 wall. The FVG below 1.3380 is definitely still there, that's a key level to watch if we get any follow-through selling from the current chop. Your agg...
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Mar 20
GBPUSD
Man, this choppy action around 1.3380 is making my eyes water. Trying to scalp this is like wrestling a greased pig. The news about the BoE surprise earlier pushed us up but now we're just retracing. ...
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Mar 20
GBPUSD
Quick tip for the newbies: always check the correlation between GBPUSD and EURUSD. They usually move in the same direction. If one is showing a strong move, the other might follow. Not always, but wor...
1
Mar 09
GBPUSD
@SandeepSharma I feel your pain, brother. GBPUSD is choppy af right now. RSI near 70 but not overbought yet, SMA50 acting like a magnet... I think the key is to watch the DXY. With the oil news shakin...
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Mar 09
GBPUSD
Anyone else seeing that hammer forming on the H4 chart??? Could be a reversal signal if it closes strong. Gotta watch the volume though... if it's weak, it's just noise. But if we get some confirmatio...
1
Mar 09
XAGUSD
This volatility is insane! XAGUSD dropped like a rock this morning. I'm seeing some potential for a bounce off these lows, but the risk is high. Anyone else feeling this market whiplash? Thinking of t...
0
Mar 03
XAGUSD
Is anyone else seeing a potential inverted hammer forming on the hourly chart? Could signal a short-term reversal, but I'm wary of the overall bearish pressure.
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Mar 03
XAGUSD
Hey @ldnGeorge, I agree with your assessment of the bearish trend. However, I'm not sure about S2 being the next target just yet. The Bollinger Band lower band is acting as immediate support around 84...
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Mar 03
XAGUSD
XAGUSD hovering right on the 20-SMA and the daily pivot point at 87.47. RSI is neutral, so no clear momentum. For options, this is a prime setup for a short iron condor or maybe a straddle if vol pick...
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Feb 24
XAGUSD
@chloehughes74 Yeah, bollinger bands can be tricky without context. Always gotta look at the higher timeframe trend and implied volatility before jumping in. Good call on sentiment, that's often the m...
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Feb 24
XAGUSD
Seriously, the traffic this morning was something else. Made my 15-minute drive feel like an hour. Good thing I had my favourite podcast on lol.
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Feb 24