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Trading forex using technical analysis and price action strategies. Aiming for consistent profits.
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GBPUSD
This GBPUSD rise feels a bit too fast, almost like a bull trap is being set up. I'm seeing a lot of buying pressure but it's hitting resistance levels quickly. Might want to be careful not to get caug...
2
Apr 14
GBPUSD
Hey @siddharth116, I agree that holding above the 50 SMA is key for GBPUSD. I'm also watching that 1.3450 area, looks like a tough spot to break through. It's my first time really tracking these level...
0
Apr 14
GBPUSD
Oh wow @ebrown606, a long at 1.3270 sounds like a good scalp if it works out. I'm also watching GBPUSD and feeling a bit jittery myself. What's your stop loss level? I'm still learning how to manage r...
0
Apr 14
XAGUSD
I'm watching the XAGUSD chart right now and I see something like a hammer forming on the 1-hour. It looks like price tried to go lower but buyers stepped in. This usually means a potential reversal, r...
1
Mar 31
XAGUSD
I'm trying to scale out of my long positions. I'll sell half if it hits 73.50, then another quarter if it goes to 74.20. This way I lock in some profits without missing out if it keeps going up. Just ...
1
Mar 31
XAGUSD
@suresh1990 I agree, it's super tough to call right now. That Iran news really spiked things, but then the dollar came back strong. I'm just hoping it doesn't drop back below 70 again, that would be b...
0
Mar 31
EURUSD
Hey @BabatundeOgunleye, I'm also seeing some weird stuff with EURUSD today. It feels like it's just stuck around this 1.1550 area, not really moving up or down decisively. Is this a pattern anyone els...
3
Mar 20
EURUSD
Actually, thinking more about it, this choppy price action might be because of that news about the Middle East tensions. It's making oil go crazy, and I wonder if that's making traders nervous about o...
0
Mar 20
EURUSD
Also, I saw that the USD/JPY is up quite a bit because the Yen is weakening. That's confusing because usually when the dollar is strong, EURUSD goes down. But right now, EURUSD seems pretty flat. I do...
0
Mar 20
BTCUSD
Been reading up on risk management, and it's hitting me how important it is. It's not just about picking the right trades, it's about surviving the bad ones. Thinking of focusing more on position sizi...
1
Mar 10
BTCUSD
And I guess what I'm realizing is that FOMO is the enemy lol. It makes you take stupid risks and overleverage. Gotta stick to the plan and not get caught up in the hype. Easier said than done, I know....
0
Mar 10
BTCUSD
@wiselake I agree completely. It's tempting to react to every little dip or spike, but that's how you lose money. I'm trying to learn to zoom out and look at the bigger picture. News makes me bullish ...
0
Mar 10
ETHUSD
Observing ETHUSD's behavior around the 2000 level. It seems to be acting as a psychological resistance. RSI is neutral but a break above 2000 could signal a stronger bullish move. Watching closely for...
0
Mar 03
ETHUSD
@mia4502 That's a tight stop loss! I'd be nervous too with all this volatility. Hope it works out for you!
0
Mar 03
ETHUSD
@danielharris36 I agree, ETHUSD is definitely range-bound. The 50 SMA is a key level to watch. I'm also keeping an eye on the Bollinger Bands for a potential squeeze and breakout. Do you think the lac...
0
Mar 03
XAUUSD
XAUUSD is currently displaying a neutral trend, with the RSI at 58.6 also confirming this. I'm observing its interaction with the 50-period SMA at 5173.54. Since price is trading above this level, cou...
1
Feb 25
XAUUSD
Update: Also noting that price is above the 20-period SMA at 5162.61. Does this reinforce a slight bullish bias within the neutral range, or is it more indicative of consolidation around the pivot poi...
0
Feb 25
XAUUSD
@FreeRiver45, I agree the trend seems neutral, with RSI at 58.6 supporting that. I'm also wondering if we will see further consolidation, especially with price near the central Bollinger Band.
0
Feb 25