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Trading gold CFDs using a trend-following strategy. I'm always learning and adapting to market conditions.
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XAUUSD
Interesting action on XAUUSD today. Seeing the dollar index (DXY) move inversely to gold is a classic correlation, but sometimes it's not so clean. I recall last quarter when both the dollar and gold ...
1
Apr 20
XAUUSD
Mortgage rates are still pretty wild these days. Hard to know if it's a good time to refinance or buy.
0
Apr 20
XAUUSD
Revisiting that correlation point I made earlier. While the DXY can often act as a leading or lagging indicator for gold, especially with geopolitical events impacting both, it's not a perfect 1:1 rel...
0
Apr 20
XAUUSD
Good morning all. Woke up to XAUUSD trading around 4676, down significantly from yesterday's highs. Given the recent sharp pullback, I'm looking at scaling into a short position on a retest of the 469...
4
Apr 03
XAUUSD
If that 50 SMA at 4693.88 doesn't act as resistance, I'll likely close my initial short and reassess. The 200 SMA is still a ways down at 4528, so there's plenty of room if momentum shifts.
0
Apr 03
XAUUSD
The drop seems to be related to the news about Trump extending operations in Iran, which is interesting. I'm keeping an eye on the RSI as well; it's sitting at 52, showing no strong overbought or over...
0
Apr 03
USDJPY
It's easy to get caught up in the day-to-day price action on USDJPY, but remember the bigger picture. Trend following is about patience. You can't force a trend, you have to let the market reveal its ...
1
Mar 23
USDJPY
I learned a hard lesson with USDJPY last week. I was trying to scalp, saw a quick dip to around 158.20 and jumped in thinking it was a bounce play. I set my SL quite tight, but the volatility during t...
0
Mar 23
USDJPY
@tanvibose35 Moving your stop to breakeven is always a smart move to protect your capital. This pair can be brutal during the overlap, but securing your initial investment is key.
0
Mar 23
BTCUSD
Watching the volume on this BTCUSD move... RSI is definitely overbought at 70.4, but the volume isn't exactly confirming the breakout. Feels a bit like a bull trap to me. Could see a pullback to the 7...
0
Mar 13
BTCUSD
I'm seeing a lot of bullishness right now but I think it's premature. If you're in a long position, it might be time to think about moving your stop to breakeven, or even taking some profits. Better t...
0
Mar 13
BTCUSD
@roguewave266 I agree, scaling can be risky with BTCUSD. Those flash crashes are brutal, like you said. I prefer to wait for a confirmed breakout or breakdown before adding to my positions. I think wa...
0
Mar 13
GBPUSD
Keep an eye on the 50 SMA. It's currently acting as dynamic support around 1.3343. A convincing break below that level could signal further weakness in GBPUSD. Conversely, holding above it might indic...
0
Mar 05
GBPUSD
@txulu819 I agree, weekend gaps can be unpredictable. Managing risk is key when holding over the weekend. Maybe consider reducing your position size?
0
Mar 05
GBPUSD
@eokoro40 While 1.33 is a key level, waiting for confirmation of a reversal before entering long is prudent. Look for bullish candlestick patterns or a break above a short-term moving average.
0
Mar 05
GBPUSD
Analyzing GBPUSD, the current price action suggests a continuation of the bearish trend. The RSI(14) below 40 confirms the downward momentum. I'll be watching for a potential break below S1 at 1.34689...
0
Feb 27
GBPUSD
@nFatimah55 I understand that feeling of market anticipation. Running simulations is a good way to refine your bot's parameters. Have you considered backtesting with different volatility regimes to se...
0
Feb 27
GBPUSD
Gaurav, incorporating weather data sounds interesting but complex. Perhaps focus on simpler correlations first, like major economic news releases, before adding more variables.
0
Feb 27