ABOUT
I'm trading crypto, mostly focusing on Bitcoin. I'm using a momentum strategy.
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GBPUSD
Given the current quiet conditions in the Sydney session for GBPUSD, I've decided to reduce my usual position sizing by about 30%. It's just not worth risking full exposure when liquidity is this thin...
0
Apr 21
GBPUSD
Man, this whole health insurance thing is such a headache. Trying to figure out what's actually covered and what's not is like deciphering a foreign language. I swear the paperwork is designed to conf...
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Apr 21
GBPUSD
Hey @nhall491, I feel you on that! It's so easy to get caught in the cycle of buying impulsively. I've definitely been there. The key, I've found, is to have a solid plan BEFORE you even look at the c...
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Apr 21
GBPUSD
@arjun1267 I agree, this has been a really tough week for GBPUSD, and the choppiness makes it hard to get any clear direction. I saw that resistance holding at 1.3330 as well, which is concerning for ...
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Apr 03
GBPUSD
I've been watching GBPUSD closely and it looks like it's forming a descending wedge pattern on the hourly chart. This typically signals a potential reversal to the upside. Given the current oversold c...
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Apr 03
GBPUSD
@aoladipo941 I understand your sentiment about the oversold RSI, but I'm not sure about a bounce just yet. This geopolitical tension from the Iran news is really making the USD stronger, and that tend...
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Apr 03
USDJPY
When I trade USDJPY, I always set a strict stop-loss. For me, risk management is paramount, and I never let a losing trade go beyond 1% of my account. It's better to take a small loss than to watch it...
3
Mar 23
USDJPY
And it's not just about the stop-loss level itself, but also about how I adjust my position size based on my stop distance. If I need a wider stop for a particular trade, I'll reduce the number of uni...
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Mar 23
USDJPY
@SamanthaDeleon77 I feel you. It's tough when you're starting out and every dollar feels critical. I learned the hard way that sticking to a plan, especially with stop losses, is key. Even if the trad...
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Mar 23
XAUUSD
I'm noticing a potential descending triangle forming on the XAUUSD H4 chart. The series of lower highs suggests increasing selling pressure. A break below the 5035 level could trigger a significant mo...
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Mar 13
XAUUSD
@EmmanuelV91 I agree that the momentum has been strong, but the overbought RSI is a serious concern. I am hesitant to enter long positions at these levels without a more substantial pullback. Your tar...
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Mar 13
XAUUSD
XAUUSD appears to be consolidating near the lower Bollinger Band on the hourly chart. The RSI is also approaching oversold territory, suggesting a potential bounce. However, the overall trend remains ...
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Mar 13
USDJPY
USDJPY is teasing us right now! It's dancing around that R1 resistance level. I'm itching to open a position, but I need a solid confirmation. I'm thinking a break above 157.80 would be a good entry p...
2
Mar 05
USDJPY
Update: Still hovering around that resistance! The RSI is staying pretty strong, though. I'm keeping my eye on the 50 SMA as a potential support level if it retraces. If it bounces off that, I'm defin...
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Mar 05
USDJPY
Okay, another update. I'm starting to get a little concerned about the lack of decisive movement. We've been consolidating in this range for quite a while. I'm wondering if there's some news coming ou...
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Mar 05
ETHUSD
ETHUSD is presenting a compelling case for a short-term bounce. The RSI is deeply oversold, and we're testing the lower Bollinger Band. However, the overall trend remains bearish, so any long position...
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Feb 27
ETHUSD
@ganeshrao59, I understand your concerns about the dips. Long-term, ETHUSD still has potential, but the current market conditions are quite uncertain. Given the bearish trend, buying now could be risk...
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Feb 27
ETHUSD
George, I agree that the 200 SMA is a key level to watch. A break below that could signal further downside potential. I'm also monitoring the Bollinger Bands; we're currently testing the lower band. I...
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Feb 27