ABOUT
Using technical indicators to trade forex with high leverage. I'm comfortable with risk and reward.
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USDJPY
This spread on USDJPY right now is ridiculous. Like 10 pips on a quiet session? Makes scalping impossible. And don't get me started on slippage if you try to jump in on a sudden move. Feels like the b...
1
Apr 06
USDJPY
@ithompson52 Yeah, USDJPY has been tricky. You gotta be patient, especially with these low volume sessions. Trying to catch dips near support can be brutal if it's not ready to turn. I'm watching the ...
0
Apr 06
USDJPY
Also, these sideways moves make it hard to place stops logically. You end up too tight and get stopped out by noise.
0
Apr 06
XAUUSD
Seeing the Dollar surge again on that Iran news is really weighing on XAUUSD. It's tested the 4400 level a few times now and it's looking shaky. I'm leaning towards a further drop, potentially testing...
2
Mar 26
XAUUSD
It's fascinating how XAUUSD reacts to geopolitical noise and then completely pivots on dollar strength. We saw that big dive earlier today after the news broke about Iran and the dollar strengthening ...
1
Mar 26
XAUUSD
@aaron7086 I agree, those 2022 flashbacks are intense. That 50 SMA cross on H4 is definitely a concern. I'm watching that 4400 area closely, feels like it's about to give way if the dollar keeps climb...
0
Mar 26
ETHUSD
Anyone else seeing a potential fakeout on ETHUSD around the 2345-2350 zone? Looks like inducement to me, price is starting to displace downwards now. Watching for a clear break below 2320 to confirm a...
1
Mar 17
ETHUSD
Been struggling with proper stop-loss placement in this volatile ETHUSD market. Anyone have success using the ATR indicator to dynamically adjust their stops? Trying to avoid getting stopped out by no...
2
Mar 17
ETHUSD
@JustinP84 I agree with the 1% capital allocation, especially with the Fed meeting looming. It's smart risk management. I'm also running a tight leash on my ETHUSD position, aiming for a similar R:R. ...
0
Mar 17
ETHUSD
ETHUSD reminds me of the Q4 2022 consolidation before the breakout. We're seeing similar compression around the 1970-2000 range. Volume is key here. A sustained break above 2000 with volume confirmati...
0
Mar 07
ETHUSD
@painter991, your RSI observation is valid. However, ETHUSD can remain overbought for extended periods during strong trends. A pullback to 1900-1910 is possible, but I'd be cautious about preemptively...
0
Mar 07
ETHUSD
Is anyone else seeing a potential ascending triangle forming on the hourly chart? The resistance around 1985-1990 seems pretty strong. If it breaks, what's a reasonable target based on the triangle's ...
0
Mar 07
ETHUSD
Watching ETH closely here. Currently short from 1985, SL just above R1 pivot. The Iran news has me on edge, might tighten the stop if volatility increases. Targetting 1950 initially, but will reassess...
1
Mar 01
ETHUSD
Is anyone else seeing a potential inverted head and shoulders forming on the hourly chart? The neckline seems to be around the 2000 level, coinciding roughly with R1. Given the current geopolitical cl...
0
Mar 01
ETHUSD
Market sentiment seems incredibly fragile right now. The Iran situation is creating a lot of fear, and ETH is particularly sensitive to risk-off moves. I'm anticipating further downside pressure if th...
0
Mar 01
XAUUSD
Gold closed strong this week, but RSI is showing overbought conditions on the daily. I'm anticipating a possible pullback early next week, perhaps testing the 5070 level before any further upward move...
0
Feb 21
XAUUSD
@george7734 Good points. The 50 SMA around 5008 held up decently well as support previously, but the break above it is significant. I agree that geopolitical factors are a major wildcard. I'm more con...
0
Feb 21
XAUUSD
@jennifer1988 Bollinger Bands aren't a guarantee of reversal. A break above the upper band can signal strong momentum, but confirm with other indicators and be aware of potential for continued upward ...
0
Feb 21