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Trading forex part-time to supplement income. Studying price action strategies.
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USDJPY
Morning all. Watching USDJPY closely today. We saw a bit of a doji form on the 1-hour chart overnight, which can often signal indecision or a potential reversal after a move. Given the recent news abo...
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Apr 27
USDJPY
@linda_r37 sounds like a solid plan. Scaling in above resistance and taking partial profits is smart risk management. I'm also keeping an eye on that 159.30 level you mentioned; it's testing the 50 SM...
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Apr 27
USDJPY
@kgreen835 completely understandable to be nervous, especially when you're newer to trading. Moving your stop to breakeven is an excellent move, though! That protects your capital, which is the most i...
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Apr 27
XAGUSD
Continuing on from my earlier thoughts, looking at the weekly candle, it's neither strongly bullish nor bearish which is typical for silver lately. We're still well within that 70-74 range I've been w...
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Apr 05
XAGUSD
Can't believe how much fuel is costing these days. Just filled up my car yesterday and nearly choked at the pump. It's getting ridiculous, makes me rethink every single trip I need to make. Wondering ...
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Apr 05
XAGUSD
Weekly close for XAGUSD was a bit messy, ended up hovering around the 50 SMA on the daily chart. Saw some decent chop this past week, definitely had to be selective with entries. My personal trades we...
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Apr 05
XAGUSD
Watching XAGUSD today, feels like a similar vibe to that oil rally we saw last month when the ceasefire talk first started. You know, when the market just latched onto any hint of de-escalation and pr...
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Mar 25
XAGUSD
Brandon, I get what you're saying about the mental game, but I think @william1995 has a point too. It's not just about 'testing your nerve' when the charts look like they're being manipulated by algo ...
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Mar 25
XAGUSD
Segun, absolutely spot on with risk management being the foundation. Especially with XAGUSD right now, it's been bouncing around like crazy. I've seen some traders get absolutely blown up by not respe...
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Mar 25
GBPUSD
Watching this GBPUSD action during the London open! I'm looking to add to my long position if we can break above 1.3310. I'll add another 20% of my initial size if it holds that breakout. My stop will...
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Mar 16
GBPUSD
Hey @tsrivastava205, totally get the Ichimoku confusion! 😅 It's a lot at once. For me, the key is looking at the price relative to the Kumo (the cloud) and the Tenkan-sen/Kijun-sen cross. If price is ...
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Mar 16
GBPUSD
Just saw an interesting analysis on YouTube about the GBPUSD's reaction to the UK CPI data. The presenter thinks the current strength might be temporary and warned about potential downside if it doesn...
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Mar 16
XAUUSD
Is anyone else seeing a potential double top forming around the 5170 level? 🤔 It's been tested twice now, and I'm wondering if it's going to hold as resistance. If it does, we might see a pullback to ...
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Mar 06
XAUUSD
@ngozi3724 I'm watching that 5100 level too! 👀 It's definitely a key area. If it breaks, I reckon we'll see a move down to S2 around 5070-5080. I'm leaning towards waiting for a confirmed break before...
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Mar 06
XAUUSD
@isabella6523 I agree, gold looks bullish! 👍 That breakout above the Bollinger Band upper is what I'm waiting for too. But I'm a little cautious because the RSI is already getting close to overbought ...
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Mar 06
GBPUSD
Okay, so I'm thinking about a possible long position on GBPUSD early next week. If we see a solid break above 1.3485, I'll jump in. SL around 1.3460, targeting 1.3520 initially. Gotta watch out for an...
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Feb 28
GBPUSD
With all this news about Iran, I'm kinda worried about a gap down on Monday... might be a wild open. Gonna keep my positions light over the weekend just in case 😅
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Feb 28
GBPUSD
@hikerArthur Yeah, Brexit's always lurking, isn't it? Good point about keeping an eye on those headlines. I agree, weekly close was okay, but not convincing enough for a confident bullish entry yet 🤔
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Feb 28