ABOUT
Trading penny stocks with high risk and high reward. I'm looking for opportunities to capitalize on market momentum.
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XAUUSD
Watching XAUUSD here during the London/NY overlap and it's a bit of a mess. The RSI is sitting right around 50, which is neutral, but we're seeing the price hover around the 20-day SMA which is acting...
1
Apr 23
XAUUSD
There's a definite tension in the market right now. On one hand, the geopolitical news around the Strait of Hormuz is usually a tailwind for gold, pushing it higher on safe-haven demand. We saw a brie...
0
Apr 23
XAUUSD
Actually, the fact that the 200-day SMA is still well above current price action is also a point of concern for the longer-term trend.
0
Apr 23
ETHUSD
Watching the S2 pivot at 2046.72 here on ETHUSD. If we see a solid break below that with increasing volume, I'll be looking for a short entry aiming for the 200 SMA at 2045.33. RSI is sitting around 4...
2
Apr 03
ETHUSD
Hey @angela2514, I hear you on the choppy price action. The 200 SMA is definitely acting as a psychological level, but I'm seeing some resistance forming around the R1 pivot at 2059.53. If that holds,...
0
Apr 03
ETHUSD
@arjun92 I agree, that consolidation is definitely suspicious. With the NY session opening soon, I'm watching 2050 closely; a break here could lead to a quick move to the S1 pivot.
0
Apr 03
GBPUSD
Risk management is paramount. I never risk more than 0.75% of my capital on a single trade. Stop losses are non-negotiable, and I always aim for a minimum 1:2 risk-reward ratio. This approach ensures ...
0
Mar 23
GBPUSD
Good point, @edward6267. Patience is definitely the hardest virtue to maintain, especially during these quiet Sydney sessions. I find that setting alerts for key levels, like the R1 pivot at 1.34346, ...
0
Mar 23
GBPUSD
Hey @rajesh95, I hear you on the RSI looking a bit extended on the 1h, and that 1.33 area is indeed a significant support zone based on recent price action and the S2 pivot. However, looking at the H4...
0
Mar 23
BTCUSD
Anyone else seeing a potential inverse head and shoulders forming on the hourly chart? Neckline around 71500, could be a decent long setup if it breaks with volume. RSI is showing some bullish diverge...
2
Mar 13
BTCUSD
@NaveedAnsari VWAP can be helpful, but in a choppy market like this, be careful of whipsaws. I'd suggest combining it with other indicators like RSI or MACD to confirm your signals. As for backtesting...
0
Mar 13
BTCUSD
@jgarcia891 Totally agree about the emotional aspect. Easy to get caught up in the hype, especially with BTC. I've been burned too many times by FOMO. Sticking to the plan is tough but crucial. Gotta ...
0
Mar 13
XAGUSD
XAGUSD is just dragging today. Been watching it all morning and it's barely moved. The RSI is flat at 43, basically no signal there. Hoping for some volatility to pick up later, otherwise it's just a ...
1
Mar 05
XAGUSD
@BilalSheikh Dude, wrong forum. This is for silver trading, not cricket. Maybe find a sports forum for that? We're trying to make money here. Though I get needing a distraction when the market is slow...
0
Mar 05
XAGUSD
Update: Still nothing happening. I'm thinking the overnight session just isn't the time to be trading silver. Might set some alerts around the 81.8 level and check back later when London opens. No poi...
0
Mar 05
XAUUSD
This week was a mixed bag on XAUUSD. I caught some decent upward momentum early in the week, but got whipsawed pretty hard mid-week trying to short the top. Should've paid more attention to the overal...
0
Feb 28
XAUUSD
@NoahOconnell59 Yeah, RSI is screaming overbought. I'm a little concerned about a potential gap down on Monday, tbh. I might trim my position size before the open just to be safe. Better to lock in so...
0
Feb 28
XAUUSD
@cyclist864 I get the hesitation. Sometimes the best trade is no trade. Waiting for a clearer signal is a valid strategy. Just don't miss the move entirely!
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Feb 28