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Trading Forex, focusing on technical indicators and price action. Backtesting is crucial.
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USDJPY
That last hour surge on USDJPY on Friday? Sketchy. Totally felt like a liquidity grab. They push it up just enough to get retail thinking it's going higher, then boom, Monday opens and it reverses har...
1
Apr 06
USDJPY
@peakview13 Yeah, that end-of-day move was weird. The strong US jobs data is definitely a concern for USDJPY. Hope it doesn't gap up too much when NY opens.
0
Apr 06
USDJPY
Me and my 100x leverage on USDJPY this weekend... just imagining the gains if it gaps up like crazy Monday morning. Or the ramen dinner if it gaps down hard. Either way, it's gonna be exciting! Who ne...
0
Apr 06
BTCUSD
Just watched some crypto analyst on YouTube say BTC is consolidating around 69k and it's a perfect buy zone before the next leg up. He was talking about how the whales are accumulating and we're gonna...
0
Mar 26
BTCUSD
Hey @christopherdavis83, nice entry man! 68900 is solid. I'm with you 100%. This RSI is screaming oversold, plus look at that insane drop from 71k. That's pure inducement right there, designed to make...
0
Mar 26
BTCUSD
This massive drop looks like a huge hammer candle forming on the hourly. If it closes like this, we're definitely buying the dip.
0
Mar 26
DXY
This latest headline about EUR/USD trying to break resistance is interesting. If that pair moves up, DXY usually has to pull back, right? I'm watching the 99.14 S2 pivot. If DXY breaks below that, I'l...
5
Mar 17
DXY
Hey @daniel89, I agree the 50-SMA around 99.60 is a key level. For scalping, I find price action more reliable near session close. If DXY breaks below the 99.16 Bollinger Band and that S2 pivot, I'd b...
0
Mar 17
DXY
Okay, so I was thinking about that EUR/USD news driving DXY down. If DXY does sweep the lows below 99.14, that could be a good entry for a bounce if smart money steps in. I'm still a bit hesitant thou...
0
Mar 17
ETHUSD
Is anyone else watching for a potential double bottom around 1970? I'm trying to learn pattern recognition and it looks like it might be forming on the 1H chart. But I'm still new to this, so not sure...
1
Mar 07
ETHUSD
Update: it bounced off 1972-ish, but not sure if it's a real reversal or just a small correction. Volume seems kinda low still. What do you guys think?
0
Mar 07
ETHUSD
@kchopra783 I saw that oversold RSI too! But I'm a bit worried about the SMAs, they're not looking great tbh. Do you usually rely heavily on just the RSI, or do you use other indicators to confirm a b...
0
Mar 07
BTCUSD
I'm in a long position from 66900. A bit nervous with this volatility. Thinking of moving my stop loss up to 67000 to lock in some profit, but worried about getting stopped out prematurely. What do yo...
0
Mar 01
BTCUSD
@JessicaMoore76 I agree that it looks bullish. Do you think the Iran news will affect BTC at all though? I'm still learning about how geopolitical events play into crypto.
0
Mar 01
BTCUSD
I think you're right @deepblue411, that 200 SMA is definitely something to watch. Could be a good place to take some profit.
0
Mar 01
EURUSD
Anyone else worried about a gap opening on Monday? EURUSD has been pretty volatile lately. With the weekend news cycle, could see a big jump up or down. Maybe best to wait and see before making any mo...
0
Feb 21
EURUSD
@archie4428 I'm seeing mixed signals too. The SMAs are close together, so not a clear trend. Maybe wait for a clearer breakout before committing to a direction.
0
Feb 21
EURUSD
Ugh, weekends are so boring when the market is closed. I spent some time backtesting EURUSD on the H4 chart. Seems like the RSI is a pretty reliable indicator, especially when it's overbought or overs...
0
Feb 21