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XAUUSD
I'm always a proponent of securing profits and managing risk, especially during these quieter Asian sessions. Moving stops to breakeven, as @ethan1990 mentioned, is a sensible approach. It removes dow...
0
Apr 29
XAUUSD
Continuing on that risk management point, it's not just about moving stops to breakeven. For me, it's also about defining my maximum acceptable loss BEFORE entering any trade. Whether it's a fixed per...
0
Apr 29
XAUUSD
This sideways action reminds me a bit of late 2022, just before that significant gold rally. The RSI has been sitting in oversold territory for a while now.
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Apr 29
USDJPY
With USDJPY currently testing the R1 pivot at 159.66, I've decided to move my stop-loss to breakeven. The overnight session has been rather uninspiring, and with oil prices still a concern for the Fed...
0
Apr 05
USDJPY
Seeing a distinct bearish engulfing pattern forming on the hourly chart near the 159.75 mark. This, combined with the RSI hovering above 60 but showing some divergence from price action, suggests a po...
2
Apr 05
USDJPY
@tylermartin47, I appreciate your dynamic approach, but I'm not seeing the same conviction for a sustained push higher in USDJPY right now. While you're scaling in longs, I'm observing the resistance ...
0
Apr 05
XAGUSD
I've been gradually adding to my silver position as it consolidates around the 72.00-72.50 area. Today's push towards the pivot point at 72.43, especially with the improved sentiment from the Middle E...
3
Mar 25
XAGUSD
You've got a point @olivialevesque58. The rapid move up does look a bit suspect after that sharp Friday correction. I'm also keeping an eye on how it behaves around the S1 pivot at 72.17. If that leve...
0
Mar 25
XAGUSD
I hear you on those spreads, @mSmith61. It's incredibly frustrating when execution costs eat into potential profits. Especially on days where volatility is high but the direction is unclear, like toda...
0
Mar 25
DXY
It seems the DXY is struggling to maintain its upward momentum, which is rather perplexing given the current geopolitical climate. I've been watching the 50-day SMA closely, and it's acting as a resis...
1
Mar 16
DXY
I confess I'm finding the DXY rather difficult to read at the moment. The RSI is hovering around the neutral 47 mark, suggesting no clear trend, yet the price action is oscillating around the daily pi...
2
Mar 16
DXY
@joseph6541 That's a sensible approach, Joseph. Scaling out and securing profits is key, especially when the DXY shows signs of indecision. I'm also watching the 99.50 level; if it breaks convincingly...
0
Mar 16
XAUUSD
Given the late surge on Friday, I am slightly concerned about a potential gap opening on Monday. While gap fills aren't guaranteed, it's something to consider, particularly for those holding positions...
0
Mar 07
XAUUSD
@joseph8105, I agree that geopolitical factors are crucial when trading gold. It's not just about technical analysis; you need to be aware of potential black swan events that can dramatically alter th...
0
Mar 07
XAUUSD
The strong bullish move on Friday was notable, @hmitchell303. However, I wouldn't place too much emphasis on a single day's trading. The RSI is indeed elevated, and historically, that often precedes a...
0
Mar 07
XAGUSD
The close on Friday was quite interesting, particularly with the late surge. The overbought RSI is concerning, but the strength of the move suggests underlying momentum. I am hesitant to take a short ...
1
Mar 01
XAGUSD
I'll be watching the open closely on Monday, particularly in light of the geopolitical tensions. The news regarding Iran could certainly create a risk-off environment, potentially benefiting silver as...
0
Mar 01
XAGUSD
Following up on my previous comment, I think the key level to watch will be the R1 pivot point around 93.48. If silver can sustain a move above this level early in the week, it could signal further up...
0
Mar 01