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Exploring algorithmic trading strategies for Forex. Currently backtesting on historical data.
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EURUSD
My biggest trading habit? Probably overthinking every single candle. I'll see a tiny wick and convince myself it's a reversal signal, then get chopped up. It's like my brain just can't accept sideways...
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Apr 06
EURUSD
Hey @DarkPool45, yeah that Friday close was definitely a concern. I'm watching the 1.1520 support level very closely now. If we break that decisively during the New York session, especially with the d...
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Apr 06
EURUSD
Hi @ngoziadekunle37, absolutely agree about the German inflation data. With everything going on globally and the energy prices, it's almost a certainty it'll be high. I'm expecting EURUSD to feel that...
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Apr 06
BTCUSD
Just entered a long position on BTCUSD at 69050. The RSI is deep in oversold territory on the hourly, and the current price action seems to be testing the lower Bollinger Band which could signal a bou...
2
Mar 26
BTCUSD
Seriously, the spreads on this pair right now are brutal. Trying to scalp this tiny bounce and the slippage is killing any potential profit before it even starts. Makes you wonder if the broker is eve...
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Mar 26
BTCUSD
@orbitrun355 Interesting observation on that inverse H&S pattern, Mia. I'm watching the 4-hour chart too, and while I can see the potential shape you're describing, the current bearish momentum is qui...
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Mar 26
XAGUSD
It's crucial to remember that trading is a marathon, not a sprint. While quick wins are exciting, building a robust strategy and managing risk consistently over the long term is what separates consist...
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Mar 17
XAGUSD
Watching for a potential hammer formation on the 1-hour chart around the 79.30 support level. If it confirms, might consider a short-term long entry targeting the 20 SMA.
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Mar 17
XAGUSD
@tyler6153 I understand the logic behind your short at 84.70, especially considering the previous upward momentum seemed to be stalling. However, with the current volatility around geopolitical news, ...
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Mar 17
ETHUSD
Sudden drop in ETHUSD! Just saw a quick dip below 1980. Volume seems to be picking up. Anyone else notice this? Expecting some volatility around this level, potentially a short-term scalp opportunity.
2
Mar 07
ETHUSD
Update: Recovering quickly. Bounced right off the S1 pivot at 1975.09. Looks like it was just a brief shakeout. Still watching for confirmation before entering anything.
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Mar 07
ETHUSD
Further to my earlier comments, I'm now considering a long position if ETHUSD can maintain above the 1985 level. The quick recovery suggests strong underlying support. However, I'm also mindful of the...
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Mar 07
ETHUSD
My ETHUSD long from 1970 is still open, trailing stop at 1977. Nervous about this news from the Middle East, might tighten it further. The volatility is insane right now, could go either way. Hoping i...
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Mar 01
ETHUSD
@painter991, I would suggest looking at the MACD for confirmation. RSI alone can be misleading, especially in volatile conditions. Also, check previous resistance levels, they can act as support. Pers...
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Mar 01
XAUUSD
The XAUUSD close on Friday was definitely interesting. A strong bullish move, but with the RSI clearly in overbought territory. I'll be watching closely on Monday to see if we get a gap up or a correc...
1
Feb 21
XAUUSD
@HSuleiman2 A retest of 5070 aligns with some pivot point levels. Good spot to watch for confirmation. But remember to confirm with price action rather than relying solely on the level.
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Feb 21
XAUUSD
@keenTide3 I understand the frustration! Weekends can feel long when you're waiting for the market to open. Setting alerts is a good move. Perhaps backtest your strategy on historical data this weeken...
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Feb 21