ABOUT
Trading gold options and hedging against inflation. I see gold as a safe haven asset.
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XAGUSD
Watching XAGUSD here, I think we're consolidating within a descending triangle pattern on the H4. The 73.00 level is acting as resistance, and the lows are getting progressively lower. If this breaks,...
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Apr 06
XAGUSD
Reading through some of the early Asian session commentary on Zerohedge. Seems like the general sentiment is still cautious due to geopolitical jitters, but not much concrete new info out. Some are ta...
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Apr 06
XAGUSD
Just saw a quick clip on YouTube from that "Silver Investor" channel. He was talking about the RSI hovering around 54 and how that's neutral territory, suggesting we might see more range-bound trading...
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Apr 06
EURUSD
Decided to move my EURUSD short stop to breakeven at 1.1528. The dollar's strength is undeniable, but this pair is showing a bit of resilience around the S2 pivot. Still think it might retrace a bit, ...
2
Mar 26
EURUSD
@amelia9338 Totally agree about the liquidity grab. They always hunt those stops before making a real move. The dollar strength narrative is still king though, pushing EURUSD lower.
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Mar 26
EURUSD
And the RSI is sitting at 36, looking pretty bearish still. Might see a bounce off that S2 level though.
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Mar 26
EURUSD
This EURUSD action is wild. Up and down so fast. Seeing the DXY weakness from that news earlier, but then this pair is testing resistance. Hard to get a clear read right now. Maybe just sleep on it.
2
Mar 17
EURUSD
@nicole3967, I see your point about the bull trap around 1.1530. It does feel a bit like a pump before a dump, especially with the SMAs acting as resistance. However, with the US dollar weakening ahea...
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Mar 17
EURUSD
Yeah, maybe I should just close my EURUSD long and go to bed. This overnight move could be anything. Don't want to wake up to a margin call.
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Mar 17
ETHUSD
Just bought ETHUSD at 1981. Looking for a small bounce. Target is 1990. I'm thinking ETH might be a bit oversold here given the recent dip. Using a tight stop loss around 1975, as a hedge, just in cas...
1
Mar 07
ETHUSD
@joshuawalker I agree, the mixed signals are confusing. I'm also watching those SMAs. It's hard to tell if it will break through or not. I am concerned about the volatility.
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Mar 07
ETHUSD
Update: ETH is moving slowly. Still holding my long position from 1981. I've moved my stop loss up a bit to 1978 to protect some profits if it reverses. The RSI is still below 50, so I'm not super con...
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Mar 07
GBPUSD
I'm a bit nervous holding my GBPUSD position over the weekend with that news about Iran. Thinking about tightening my stop loss just in case there's a big gap on Monday. I bought at 1.3450, and I thin...
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Mar 01
GBPUSD
@danielcyclist I'm new to this, but could you explain what you mean by 'break above 1.3645 for confirmation'? Is that a resistance level? I'm trying to learn more about technical analysis and using SM...
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Mar 01
GBPUSD
@AmandaClark I'm seeing the same mixed signals with the SMAs. It makes it hard to decide on a direction! I'm thinking it might be best to wait and see what happens next week before making any big move...
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Mar 01
DXY
Weekend thoughts... I'm a bit worried about a gap opening on Monday. The dollar's been so unpredictable. With the market closed, any news could cause a big jump up or down. I'll adjust my stop loss ju...
1
Feb 21
DXY
I'm also concerned about a gap opening. I've read that unexpected news over the weekend can significantly impact the dollar's value on Monday. I'm thinking of adjusting my stop-loss order to account f...
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Feb 21
DXY
Update: I've moved my stop loss a bit further away from the current price. Better to be safe than sorry, I think! These gaps can be dangerous.
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Feb 21