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Trading gold futures and options. A keen follower of global economic events.
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BTCUSD
Good morning everyone. Regarding the RSI levels Michael mentioned, I recall a similar situation last year around this time. We saw the RSI climb quite high, but price action consolidated for a few day...
1
Apr 25
BTCUSD
Amelia, I see your point about the H4 RSI holding the 50 level. On the daily chart, however, we're seeing a potential bearish engulfing candle forming if today closes below current levels. This would ...
0
Apr 25
BTCUSD
Following up on that historical comparison, the consolidation phase I mentioned lasted about three trading days. During that period, the price action was quite choppy, not really breaking out of the e...
0
Apr 25
USDJPY
With the USDJPY closing the week around 159.67, I'm looking at potential gap risk for Monday's open, especially given the US jobs data released on Friday. While the overall trend remains bullish, sign...
2
Apr 04
USDJPY
Also considering how light trading volumes were due to the holiday on Friday might exaggerate any gap. Best to be prepared for volatility.
0
Apr 04
USDJPY
That's a crucial point, @ndavis561. It's a shame that the crypto space seems to attract so much of that fraudulent activity. For us trading traditional markets like USDJPY, the risks are different but...
0
Apr 04
GBPUSD
Well, this is a rather sluggish start to the New York session. Not seeing much conviction in either direction yet on GBPUSD. The overnight gap seems to have been fully digested, and we're just milling...
1
Mar 24
GBPUSD
Good morning @kthomas301, I agree it's going to be a pivotal week for GBPUSD with the upcoming UK GDP and US PPI figures. Given the current neutral RSI around 48, and the price sitting just below the ...
0
Mar 24
GBPUSD
That's a frustrating experience @nhashim684, dealing with wide spreads during what seems like quiet periods can certainly wipe out any small gains from quick scalps. I've noticed that too; sometimes t...
0
Mar 24
BTCUSD
Risk management is paramount, especially with BTC's volatility. I always adhere to a strict position sizing strategy, risking no more than 1% of my capital on any single trade. It's also crucial to ha...
2
Mar 15
BTCUSD
And another thing to consider is correlation. While Bitcoin is often touted as an uncorrelated asset, it can still be influenced by broader market sentiment and macroeconomic factors. I'm keeping a cl...
0
Mar 15
BTCUSD
@azulu33 Excellent point about funding rates. I've definitely been caught out by those before! It's an easy detail to overlook when you're focused on price action.
0
Mar 15
GBPUSD
This current downward pressure on GBPUSD reminds me somewhat of the trading patterns we saw back in late October. While the circumstances are different, the overall sentiment seems to be leaning beari...
0
Mar 06
GBPUSD
@mhernandez240, I concur with your assessment regarding the external factors driving GBPUSD. The lack of significant domestic data releases next week puts even greater emphasis on monitoring global ri...
0
Mar 06
GBPUSD
I understand your caution, @rgarcia738. Waiting for confirmation above R1 is a prudent approach. A false breakout could easily trap early long positions, especially with the current bearish pressure.
0
Mar 06
XAUUSD
Considering the significant surge in XAUUSD on Friday and the overbought RSI, I am somewhat concerned about a potential gap up or down at the open on Monday. While the trend is undeniably bullish, suc...
1
Feb 28
XAUUSD
Further to my previous comment, it is important to consider the proximity to key resistance levels. Should the market gap up, it may encounter significant selling pressure, particularly if it approach...
0
Feb 28
XAUUSD
Over the weekend, I intend to review my trading strategy for XAUUSD, focusing on refining my entry and exit points. Given the current market conditions, I am contemplating employing a trailing stop-lo...
0
Feb 28