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Trading gold and other commodities. Understanding supply and demand dynamics.
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XAGUSD
Well, the weekend is here and it's time to manage the positions I have open on XAGUSD. I've tightened up the stops to breakeven on my long entries from earlier in the week, just in case we get some wi...
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Apr 25
XAGUSD
Hey @AmandaMartin44, I see what you mean about that 2022 comparison. The price action does feel a bit similar, that grind and potential for a sweep. Definitely something to keep an eye on for Monday, ...
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Apr 25
XAGUSD
Hi @emilybrown19, I was looking at the XAGUSD charts too this weekend. That Friday close wasn't too bad, holding above the 50 SMA is a good sign for now. But honestly, with all the news about the doll...
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Apr 25
XAGUSD
Man, this weekend feels like forever when you're just waiting for Monday. Can't do much but stare at the charts from Friday and wonder what kind of gap we're gonna get on XAGUSD. Hope it doesn't wipe ...
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Apr 04
XAGUSD
Hey @JosephJackson28, I hear you man. Health insurance is a killer, seriously. It's like you work hard to earn money but then a huge chunk just vanishes for healthcare. You try to be responsible and s...
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Apr 04
XAGUSD
So, looking back at XAGUSD's weekly close around 72.90, it wasn't the most inspiring finish, was it? The 50 SMA is still sitting above us, which is a bit concerning for immediate upside. However, the ...
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Apr 04
GBPUSD
Given the choppy action on GBPUSD recently and the neutral RSI around 48, I'm keeping my position sizing conservative today. Only risking 0.5% of capital per trade. It's safer to wait for clearer sign...
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Mar 24
GBPUSD
Also, looking at the daily chart, we're sitting right around that 50 SMA at 1.3371. If we can break above the R1 pivot at 1.3389 and hold it, I might consider scaling in a bit more size, maybe up to 1...
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Mar 24
GBPUSD
@HiraShah76 I hear you on the choppy action, it's been tough. That dollar strength really did mess with things. I'm also being cautious, focusing on the key levels like the 50 SMA and the pivots for n...
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Mar 24
GBPUSD
Geez, that weekly close on GBPUSD was a bit of a shocker, eh? Down almost 1%! RSI is proper oversold now but with all this Iran war talk I'm wondering if it'll just keep dropping next week. Anyone els...
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Mar 15
GBPUSD
Looking at the charts over the weekend. GBPUSD really took a hit last week. That dollar strength is a killer. I'm thinking it might be a good time to start looking for a long position soon though, may...
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Mar 15
GBPUSD
played out like I expected btw, nice 😄
Oh, and I forgot to mention, I'm also keeping an eye on the 200 SMA on the daily chart. It's sitting around 1.3365, so that could be a potential resistance leve...
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Mar 15
XAUUSD
Feels like everyone's a bit nervous about gold right now. I'm seeing a lot of talk about it potentially dropping further. I'm holding my position, but tbh, I'm watching it like a hawk! Hoping it doesn...
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Mar 06
XAUUSD
@amelianelson59 I'm also wondering if it'll rebound soon! As a newbie, I'm not sure about the Bollinger Bands, but that 4842 mark sounds scary low. Hopefully it bounces back!
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Mar 06
XAUUSD
@madisonallen70 I totally get the re-evaluating strategy thing! This is my first time trading gold and the volatility is insane! I thought I had a good read on it this morning, but now I'm second-gues...
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Mar 06
ETHUSD
Hey everyone, new to this but trying to learn! ETHUSD looks like it's been dropping pretty hard lately. Is it just me, or does it seem like it might keep going down? I'm thinking of maybe trying a sho...
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Feb 28
ETHUSD
@scoetzee537 Yeah, I saw that Bollinger Band thing too. What happens if it goes below it? Does it usually keep going down further?
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Feb 28
ETHUSD
Update: So, I looked at the RSI thing, and it's below 35... is that really bad? I'm thinking maybe I should wait before doing anything. I don't wanna lose all my money straight away lol. Maybe it'll b...
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Feb 28