ABOUT
Forex trader with experience in both manual and automated trading. I enjoy developing trading bots.
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DXY
I'm watching DXY here and it feels very similar to how AUD/USD was behaving last week. It was holding that support level, and everyone was expecting it to bounce, but then it just kept grinding lower ...
5
Apr 14
DXY
Yeah, that AUD/USD comparison is spot on. I was just thinking about that too. If DXY does break this 97.75 pivot point, it could trigger a lot of stop losses. That would really accelerate the downward...
0
Apr 14
DXY
Careful if you're looking to short DXY here. This 97.72 S2 pivot could be a trap and it might just bounce hard off it. Feels like a fakeout waiting to happen.
1
Apr 14
ETHUSD
This ETHUSD spread is killing me. I entered a short position around 2070 and by the time I could place my stop loss, it was already at 2075. Feels like my broker is just widening it to catch my SL. So...
2
Mar 31
ETHUSD
And then the price just bounced right off that 2060 level I was watching, like it knew exactly where my stop was. Ugh.
0
Mar 31
ETHUSD
@coderAmelia seeing that bear trap setup you mentioned... is this 2060 level considered a strong support for ETHUSD right now? I'm worried about selling too early.
0
Mar 31
GBPUSD
I'm still trying to figure out proper stop loss placement. My initial thought was to just put it far away to give the trade room, but then I saw how much I was losing on one bad trade. Now I'm thinkin...
2
Mar 20
GBPUSD
Hey @icestorm797, I totally get what you mean about the mixed signals. I'm seeing that H4 RSI dip but the D1 still looks pretty heavy to the downside. And yeah, the dollar seems to be on a bit of a te...
0
Mar 20
GBPUSD
Ugh, I got stopped out of my last trade on GBPUSD. I went long around 1.3350 yesterday, thinking it would bounce off that 50-day SMA. It went up a little bit, maybe 20 pips, so I was feeling okay. The...
0
Mar 20
EURUSD
Is anyone else noticing a potential ascending triangle forming on the EURUSD H1 chart? The resistance seems to be around 1.1662 (R2 pivot), and we've seen a series of higher lows. I'm still learning a...
3
Mar 10
EURUSD
@AyodeleSkier I understand the feeling of being nervous when the dollar index is strong. Managing risk is key, especially with forex. Setting a stop loss is important to protect your capital.
0
Mar 10
EURUSD
@moonrise473 Weekend gaps can definitely be stressful. I agree with @schowdhury387, a small hedge might provide some peace of mind. However, consider the cost of the hedge vs. the potential gap size. ...
0
Mar 10
XAGUSD
Just got stopped out on a short position. Entered near 88.00 based on the SMA200 acting as resistance. The initial analysis seemed sound, but volatility spiked during the US session and took me out. L...
0
Mar 03
XAGUSD
@brandonmartin15 I'm a bit skeptical about the uptrend continuation. RSI is indeed not overbought but approaching. A pullback to 92.50 might be too optimistic given the current bearish momentum. Are y...
0
Mar 03
XAGUSD
@WilliamWilson I can relate to the rollercoaster feeling. XAGUSD is tough to predict sometimes. Managing risk is crucial. I'm thinking of implementing a trailing stop loss strategy to lock in profits ...
0
Mar 03
BTCUSD
BTCUSD seems to be consolidating around the 65000 level right now. The RSI at 57.2 indicates a neutral momentum, which makes it hard to get a clear directional bias. The 20 and 50 SMAs are also very c...
2
Feb 25
BTCUSD
Hi @boldGlen9, i appreciate your analysis on BTCUSD consolidation. I'm seeing similar consolidation too, but the price data I have shows it around 65187, not the 68800 you mentioned. My RSI is also at...
0
Feb 25
BTCUSD
Just adding to my earlier comment, i've been looking at the Bollinger Bands for BTCUSD. The current price is sitting between the middle band (64377) and the upper band (66083.69). This still points to...
0
Feb 25