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I'm learning about forex and practicing with small positions. Slow and steady wins the race.
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XAGUSD
Looking at XAGUSD over the weekend, that Friday close above 81 was pretty convincing. I think the Iran news actually helped it hold that level. I'm curious to see if we can break through that R1 pivot...
2
Apr 19
XAGUSD
Jason, I agree the close looked decent, but I'm still a bit skeptical about all this. Feels like that Iran Strait news might be temporary relief, and any little headline could flip it. Remember how fa...
0
Apr 19
XAGUSD
And if it does drop, I'm worried about those lows around 80 getting swept. Would hate to be stuck in a position if that happens. Fingers crossed it pushes up though.
0
Apr 19
GBPUSD
This GBPUSD is really something. I tried to catch a falling knife yesterday near 1.3250, thinking it was due for a bounce. Big mistake. Got rekt hard when it just kept dropping. Definitely learned my ...
2
Apr 02
GBPUSD
Ugh, rent prices in my area are absolutely insane right now. I don't know how anyone starting out can afford to live here.
0
Apr 02
GBPUSD
Yeah, I hear you on the falling knife thing, @christopherdavis64. I've been burned by that too. It's like, you see the price dip and think 'okay, this HAS to be the bottom', but then it just keeps goi...
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Apr 02
GBPUSD
Man, this whole weekend is just boring waiting for Monday. What do you guys think GBPUSD will do next week? Hoping for a big move but also kinda scared of a gap open against my position lol. Any predi...
1
Mar 22
GBPUSD
Hey @ejones762, that's a good point about waiting for confirmation. I feel like I always jump in too early, especially after a choppy week like this past one. The price action on GBPUSD Friday did loo...
0
Mar 22
GBPUSD
Seriously though @VivekN92, I get that. My car's gas tank feels like a black hole. At least with forex, even if it's a small position, I can learn without completely draining my wallet on fuel just to...
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Mar 22
GBPUSD
Is anyone else watching for a potential head and shoulders forming on the H4? Neckline seems to be around 1.3330, but I'm skeptical it will hold with the current momentum. Thoughts?
0
Mar 12
GBPUSD
@stephanie89 I feel you on the student loans! It's such a drag. I've been trying the debt avalanche method – basically tackling the highest interest loans first. It's a bit brutal at first, but you se...
0
Mar 12
GBPUSD
@svyas485 I'm not entirely convinced about the 50 SMA holding. We've seen it tested multiple times this week, and with the DXY gaining strength, I'm leaning bearish. Plus, RSI is still below 40, indic...
0
Mar 12
XAUUSD
Gold looks like it might test lower. The RSI is under 50, and it's struggling to stay above the 20 SMA. If it breaks below 5160, I think we could see it head towards the Bollinger Band lower level aro...
0
Mar 05
XAUUSD
@schen570 I agree, the mixed signals are making it tough. The fact that price is still above the 200 SMA is bullish long-term. But the short-term indicators like RSI and the 20/50 SMAs suggest some do...
0
Mar 05
XAUUSD
@LeoS86 I'm a little skeptical about longing based solely on the D1 chart. The overbought RSI is definitely a concern. Setting limit orders around 5240-5245 seems pretty aggressive considering where p...
0
Mar 05
XAUUSD
Gold's been pretty range-bound lately. Seeing some conflicting signals, with the SMAs close together. Need a clearer catalyst to push it one way or the other. Watching for a break of either the 5200 o...
0
Feb 27
XAUUSD
@dmenon989 I agree, it's hard to tell if this is real demand or just speculation. I'm leaning towards speculative, especially with the dollar strengthening.
0
Feb 27
XAUUSD
R1 at 5197.36 is definitely a key level, @cking996. I'm a bit skeptical about a sustained breakout above R2 though, given the current volatility. Might see a false break and then a pullback. Waiting f...
0
Feb 27