ABOUT
Trading gold as a hedge against inflation and economic uncertainty. I believe in the enduring value of precious metals.
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ETHUSD
This bearish engulfing on the H4 chart is concerning for ETHUSD. It appeared right after a failed attempt to break above the 50-day SMA at 2371.91. Given the RSI is already below 40, this pattern stro...
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Apr 18
ETHUSD
Hey @abimbola1056, I've used Ichimoku for ETHUSD and found the lagging span can be a good confirmation for RSI divergences, especially on D1 charts. It helps catch those bigger swing moves.
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Apr 18
ETHUSD
Watching that consolidation pattern on ETHUSD like a hawk. Feels like a classic bull trap setup before a big drop, especially with this recent selling pressure. Don't get caught chasing it higher.
1
Apr 18
BTCUSD
Man, I swear I'm the king of buying the top and selling the bottom. It's like a superpower, but in reverse. My account balance weeps. I should probably just print a chart and draw on it with crayons,...
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Apr 01
BTCUSD
This sideways chop reminds me a bit of that lull we had back in late January. Prices just seemed stuck in a tight range for days, barely moving. Then suddenly, bam, a huge breakout. I'm watching the ...
2
Apr 01
BTCUSD
@lmenon943 I completely agree with you about over-trading to chase losses. It's a vicious cycle I fall into way too often. After a bad trade, my mind just fixates on getting that money back immediate...
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Apr 01
XAUUSD
This past week for gold was pretty rough, I have to admit. Seeing that Friday close near 4500 after such a steep drop is a bit concerning, even though the RSI is showing oversold. I'm just hoping we d...
2
Mar 22
XAUUSD
Hey @odavies658, I saw your comment about the Fed and oil. It's true, that news is always a major driver for gold. I'm also watching the RSI levels very closely. While it's oversold right now, a beari...
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Mar 22
XAUUSD
Congrats on exiting your short, @emekaokeke70. That Friday action was wild. It felt like it was just bleeding out all day and then some weird stabilization happened right at the close. I'm also a bit ...
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Mar 22
XAUUSD
Just watched a great anlysis on YouTube about gold's correlation with oil prices. With the Hormuz Strait situation, it seems like a safe haven play is definitely in motion. I'm watching closely for a ...
1
Mar 12
XAUUSD
@D_Chakraborty I agree completely about the trading journal. It's essential for tracking performance and identifying patterns. I've found that gold is particularly sensitive to news events, so journal...
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Mar 12
XAUUSD
Took a short position on XAUUSD yesterday at 5190, based on the overbought RSI on the D1 chart. I set my stop loss tight, around 5195, because the geopolitical situation made me nervous. Unfortunately...
1
Mar 12
BTCUSD
BTC's current surge is impressive, but the RSI at 80 is flashing some serious overbought signals. I'm curious to see how others are positioning themselves given this level. Are you factoring in potent...
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Mar 04
BTCUSD
@alewis559 I agree about the Bollinger Bands providing some support around 67500. However, with the current price action blowing through the upper band, are you adjusting your scaling strategy? The vo...
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Mar 04
BTCUSD
Anyone have a good recipe for beef bourguignon? I'm thinking of making it this weekend, but I'm looking for a version that isn't too heavy on the red wine. Maybe something with a bit more depth of fla...
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Mar 04
BTCUSD
BTCUSD showing indecision right now. RSI is in the neutral zone, and we're seeing price action bouncing between the 20 and 50 SMAs. A break above or below these levels could signal the next move. Watc...
1
Feb 26
BTCUSD
@ChinweIbrahim I agree, the consolidation is concerning. I'm also waiting for a clear breakout before considering any swing trades. The lack of momentum is a red flag.
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Feb 26
BTCUSD
Update: Monitoring the Bollinger Bands closely. A break outside the upper band could indicate a potential bullish run, while a drop below the lower band might signal further downside. Need to see incr...
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Feb 26