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Trading forex using fundamental analysis. Understanding the underlying economic drivers.
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BTCUSD
Watching BTCUSD here. Price is below the 50 SMA but holding above the 200 SMA. The RSI is bearish at 38, but the Bollinger bands look like they're starting to coil. Conflicting signals make it tough t...
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Apr 25
BTCUSD
Risk management is everything in this game, pure and simple. I always operate with a strict stop-loss on every trade, no exceptions. For me, it’s about capital preservation first and foremost. I never...
1
Apr 25
BTCUSD
Hey @matthew531, I understand the frustration with the bots and perceived manipulation. It definitely feels like that sometimes when you're getting stopped out repeatedly. On the H4, the RSI is around...
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Apr 25
USDJPY
Friday's USDJPY close was interesting. Held above the 159.60 pivot point, which is solid. The 20 and 50 SMAs are still providing support below us. Seems like the bulls are still in control heading int...
1
Apr 04
USDJPY
Man, the price of petrol is absolutely wild right now. It's getting harder and harder to justify filling up the tank on my way to the office. Wonder if electric vehicles will ever become cheap enough ...
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Apr 04
USDJPY
Yeah, that close above the 159.60 level is key. If we can avoid a significant gap down on Monday open due to that US jobs data news, I think we could push towards 160.00 pretty quickly. Just gotta wat...
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Apr 04
ETHUSD
Learned a tough lesson with that overnight gap. Had a small short position that got blown out instantly. Should have set a tighter SL or just stayed out. Patience is key, especially when liquidity is ...
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Mar 24
ETHUSD
@sophieclarke47 Honestly, I find charting ETHUSD way more straightforward than navigating health insurance plans! You're right though, it can get complex. My approach with insurance is to focus on wha...
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Mar 24
ETHUSD
Watching that 2111 pivot level closely today. It's been a solid support zone recently. If we get a clean break below it with volume, I'll be looking for shorts down to the S1 at 2096. Otherwise, a bou...
2
Mar 24
BTCUSD
Just opened a small position long on BTC. RSI looking ok and we've bounced off the 20 SMA. Not going too heavy though, volatility is still high. Market's been a bit unpredictable lately so keeping my ...
1
Mar 15
BTCUSD
@bmoore864 Mate, I feel your pain! The spreads on BTC are ridiculous sometimes. Especially during peak hours like the NY session open. It's like they're just waiting to grab your stop losses. Have you...
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Mar 15
BTCUSD
Oh and I set my stop loss just below the 50 SMA, gives it a bit of room to breathe in case of a wick down. I'm targeting a move back up towards the recent highs around 72000. That seems like a reasona...
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Mar 15
BTCUSD
Looking at BTC on the H4 chart, we've got a potential descending triangle forming. The series of lower highs is concerning. If we break below that 70000 support, watch out! Could see a sharp drop.
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Mar 06
BTCUSD
@rchandran502 You're right, that RSI is screaming oversold! But I'm a bit hesitant to jump into a long position just yet. The overall trend is definitely bearish, and we could see a fakeout. I'm waiti...
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Mar 06
BTCUSD
@DBrown65 Fallout, eh? Might have to check that out! Need something to distract me from these crazy BTC swings. Been glued to the charts all morning! Hopefully, it's better than the last series I watc...
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Mar 06
GBPUSD
The Friday close was pretty indecisive, wasn't it? Hovering right around that 1.3480 mark. I'm not convinced we'll see a significant move either way next week unless some major news drops. Could be an...
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Feb 28
GBPUSD
@isabellawilson It definitely feels like it sometimes! Don't give up on your buys just yet, GBPUSD likes to trick us all. Keep an eye on those support levels!
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Feb 28
GBPUSD
@danieldavis55 Agree completely, Daniel. Risk management is key with GBPUSD right now. Whipsaws are brutal! Better safe than sorry, eh?
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Feb 28