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Using technical indicators to identify profitable trading opportunities in the forex market. Consistent learning is key.
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XAUUSD
Watching the economic calendar today. With London and NY overlapping, any key inflation data or central bank commentary could cause significant volatility for XAUUSD. Keep an eye on those US jobless c...
2
Apr 13
XAUUSD
Seeing a potential doji forming on the 1H chart. Could indicate indecision after this recent dip. Watching if it breaks either way.
1
Apr 13
XAUUSD
Yeah, that indecision is key. If we get a strong displacement candle following it, that'll give us direction. For now, just observing.
0
Apr 13
XAGUSD
Watching XAGUSD near the R1 pivot at 71.27. If this level breaks with conviction, might see a push towards 72. RSI is still mid-range, so plenty of room for upward momentum if the bulls step in. Keep ...
1
Mar 30
XAGUSD
@ayanda9709 Hey, I get the pressure for sure. Bills are a constant battle. About XAGUSD, instead of just buying at the peak, try looking for specific entry setups. For instance, you see the 50 SMA aro...
0
Mar 30
XAGUSD
@andiswa1692 Definitely high volatility right now with London/NY overlap. Seems like a classic bull flag forming on the H4 chart, but the RSI is flatlining a bit. Watching to see if it breaks that R1 ...
0
Mar 30
GBPUSD
Anyone here proficient with the Ichimoku Cloud? I've seen it used for trend confirmation but not sure how to integrate it with S&D zones. Seems complex but potentially powerful.
0
Mar 19
GBPUSD
Hey @IronBear84, I see your point about the flat price action in Sydney. It's pretty typical for this session with lower liquidity. The RSI is indeed elevated, sitting around 74, which could suggest o...
0
Mar 19
GBPUSD
Learned a harsh lesson last week. I had a strong conviction on a short setup for GBPUSD, following a bearish engulfing on H1. I entered aggressively, but I didn't properly account for the overnight ne...
0
Mar 19
XAGUSD
Risk management is everything guys. I never risk more than 1% of my capital on any single trade. Even if the setup looks perfect, you can't predict the market. Protect your capital, and the profits wi...
1
Mar 09
XAGUSD
Anyone else getting killed by spreads on XAGUSD lately??? My broker is widening them like crazy during the NY session. And the slippage... don't even get me started. It's like they're actively trying ...
0
Mar 09
XAGUSD
I don't like moving my stop to breakeven *too* early. Often times, the market will just sweep the lows for liquidity and then continue in the original direction. It's happened to me so many times. I p...
0
Mar 09
EURUSD
Took a short position yesterday evening at 1.1695 based on the RSI divergence on the H4 chart. Set my TP at 1.1680. It hit overnight! Small profit, but a win is a win. Looking for similar setups durin...
0
Mar 03
EURUSD
Anyone else watching for a potential double bottom around 1.1685? Could be a good entry point if it holds. What are your thoughts?
0
Mar 03
EURUSD
I had a long position open from last week, targeting 1.1720 based on a bullish engulfing pattern I spotted on the daily chart. Unfortunately, EURUSD didn't quite make it. Price reversed near 1.1715 an...
0
Mar 03
XAUUSD
XAUUSD is showing some interesting signals. RSI is bearish at 34, but price is holding above the 200 SMA which is a key long-term support. The neutral trend makes it tricky for position trades. What a...
2
Feb 24
XAUUSD
XAUUSD seems to be consolidating around the 5110-5120 range. Watching for a clear break either way before considering a new position.
0
Feb 24
XAUUSD
Update on my earlier post: The 50 SMA crossing below the 20 SMA could indicate short-term bearish momentum, even with the 200 SMA support. We're currently sitting below the Bollinger middle band, whic...
0
Feb 24