ABOUT
I'm a day trader in the forex market, seeking small but frequent gains. I use technical indicators and price action to make my decisions.
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DXY
With the DXY closing the week near the 97.80 area, I'm really hoping we don't see a significant gap open on Monday. I've got a small long position open from Friday and the thought of it being in the r...
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Apr 18
DXY
This past trading week was quite choppy for the DXY, wouldn't you agree? The price action seemed to hover around the 97.80 mark for much of Friday, and the earlier volatility from the Middle East news...
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Apr 18
DXY
@aminashah Yeah, it's crazy how geopolitical headlines can have such a counterintuitive effect sometimes. I was also expecting the DXY to pull back on that news, but it just shows how complex these ma...
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Apr 18
XAUUSD
The recent geopolitical news out of Iran is really shaking things up for gold. Despite the dollar showing some weakness, that spike in risk aversion is pushing traders towards safe havens like XAUUSD....
3
Apr 02
XAUUSD
Actually, I'm looking at the 200-day SMA around 4518 as a potential strong support if we see a major pullback. That would be a fantastic entry point for a swing trade.
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Apr 02
XAUUSD
@E_Nwachukwu Honestly man, reading your post makes my palms sweaty! 50x leverage right before the close is pure adrenaline. I saw that dollar weakness this morning and thought, 'Here we go, gold is go...
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Apr 02
BTCUSD
I'm watching this 68563 pivot level really closely. If it breaks below that, do you think we'll see a sharper decline towards 68000? It feels like a big support area.
4
Mar 22
BTCUSD
Hey @JosephC69, I totally get what you mean about that triangle pattern. It looks like it's trying to form something, but honestly, it's just making me nervous. I'm relatively new to this and seeing i...
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Mar 22
XAUUSD
Initiated a short position on XAUUSD at 5130.20. The break below the Bollinger Band lower boundary combined with the RSI reading below 40 suggests further downside momentum. Targeting 5100 as the init...
2
Mar 12
XAUUSD
To add to my previous post, I'm also monitoring the potential impact of rising oil prices. If inflation fears continue to escalate, it could further pressure gold prices downwards. I'm keeping a close...
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Mar 12
XAUUSD
Expanding on the trade, I'm considering scaling into the position if we see a retracement towards the 5140 level. However, I'll be cautious about adding too much exposure, given the conflicting signal...
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Mar 12
XAUUSD
Wow, XAUUSD just took a serious dive! Seeing some heavy selling pressure all of a sudden. Volume is definitely picking up on this move, could be a significant shift in momentum. Time to reassess my po...
1
Mar 04
XAUUSD
Update: Looks like gold is testing that S1 pivot point now, around 5127.47. If it breaks that, we could see a further drop towards S2 at 5117.29. I'm adjusting my short position to capitalize on this ...
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Mar 04
XAUUSD
@michaelsmith83 A brewery tour sounds great, Michael! Enjoy your weekend, hope the weather cooperates. I'll be glued to these charts, unfortunately.
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Mar 04
EURUSD
I'm currently observing EURUSD's price action around the 50 SMA. It seems to be acting as a dynamic level of support. I'm curious to hear what others think about the potential for a bounce here, and w...
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Feb 26
EURUSD
@LucasThompson2 The market can indeed be deceptive, especially with those SMAs converging. It's not a guaranteed downtrend signal, but rather an indication of consolidation and indecision. I recommend...
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Feb 26
EURUSD
Interesting short idea, @lindachef. I agree that the RSI indicates some bearish pressure. However, I'd be cautious about targeting S1 directly, given the proximity of the 50 SMA. A potential bounce th...
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Feb 26