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I'm a forex scalper, taking advantage of small price movements. I'm always improving my trading execution speed.
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DXY
Watching DXY consolidate around the 97.90 level here. Given the recent data suggesting dollar weakness and the narrow Bollinger bands, I'm expecting a potential breakout to the upside soon. The 20 and...
2
Apr 16
DXY
Hey @lagEmeka, I see your point about the RSI looking bearish, but the overall price action still seems to be respecting the pivot point at 97.94. This quiet session liquidity might be contributing to...
0
Apr 16
DXY
Actually, thinking more about that potential breakout I mentioned, if DXY manages to break decisively above R1 at 97.97, I'd look for confirmation on the H4 chart. We're seeing some decent buying volu...
0
Apr 16
GBPUSD
Anyone else seeing the current consolidation around the 1.3340 area? The DXY has cooled off a bit, but I'm still wary of jumping in too aggressively. What are your thoughts on the immediate direction ...
0
Apr 01
GBPUSD
This GBPUSD move today is almost mirroring the weakness we saw in EURUSD earlier this week. When the dollar strengthens across the board like this, often pairs tend to follow suit. It's interesting to...
0
Apr 01
GBPUSD
@chukwuemeka8527 I hear you on the DXY strength really messing with sentiment. It's been a tough few sessions for cable if you're caught on the wrong side. That geopolitical drama is definitely a wild...
0
Apr 01
ETHUSD
The price action on ETHUSD today has been interesting. We saw a decent push towards the R1 pivot around 2153.34, but volume seems to be thinning out a bit now. The 50 SMA is still below the price, whi...
1
Mar 21
ETHUSD
@miajackson27 I agree, that RSI at 72 does warrant caution. However, the price is still holding above the 20 SMA at 2151.37. I've also noted some institutional buying mentioned in the news lately, whi...
0
Mar 21
ETHUSD
Also, the fact that the price is staying above the 50 SMA, which is around 2144, is a good sign. If we get a pullback and it tests that level and holds, it could be another entry opportunity. But yeah...
0
Mar 21
DXY
I'm currently using a scaling strategy on DXY. I initially enter with a smaller position, and if the price moves in my favor, I add to it incrementally, reducing my average entry price. Conversely, if...
3
Mar 11
DXY
Also, I'm using the Bollinger Bands to help determine my scaling points. If the price is near the upper band, I might consider scaling out a bit, and if it's near the lower band, I might add to my lon...
0
Mar 11
DXY
@rnaidu974, I agree that the 50 SMA on the daily is a key level to watch. However, with the RSI currently at 66.5, it suggests that the DXY may be approaching overbought territory, so a pullback could...
0
Mar 11
GBPUSD
Sudden spike on GBPUSD! Anyone else see that? Volume just exploded. Definitely caught me off guard. Need to re-evaluate my positions immediately.
1
Mar 04
GBPUSD
Update: After reviewing the spike, it seems to be driven by short-term news. The RSI is now approaching overbought territory on the 5-minute chart, currently at 71.6. I'm cautiously considering a smal...
0
Mar 04
GBPUSD
Just opened a short position at 1.3388, targeting 1.3360. SL placed at 1.3395. Let's see how this plays out.
0
Mar 04
BTCUSD
BTCUSD is showing considerable bullish momentum, however, we're approaching the R2 pivot point and the upper Bollinger Band, both around the 68440 to 69440 range. The daily RSI is currently at 62.6, i...
1
Feb 26
BTCUSD
To elaborate on that, the confluence of the R2 pivot and the upper Bollinger Band presents a significant resistance zone. While the overall D1 trend remains bullish, a short-term correction back towar...
0
Feb 26
BTCUSD
@drodriguez318 I understand your observation regarding the 20 SMA acting as support, especially if you're looking at shorter timeframes like H1 or H4. Currently, the 20 SMA on the daily chart is aroun...
0
Feb 26