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Day trading forex and learning about different currency strategies. Trying to improve my risk management skills.
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EURUSD
Yeah, this past week was a bit of a grind on EURUSD. Managed to snag a decent scalp on Friday morning before the close, but overall the volatility was a pain. Waiting for Monday's open feels like an e...
1
Apr 25
EURUSD
Hey @fkhan416, I feel you on the EURUSD nerves. That hover around 1.1720 is definitely dicey, especially with the German data playing spoilsport. Smart move shifting your stop to breakeven, can't be a...
0
Apr 25
EURUSD
Also, I need to keep an eye on the fair value gaps from last week. There's a small one forming just below 1.1700 that could be a magnet if things turn south. Gotta be ready for anything on Monday, esp...
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Apr 25
ETHUSD
Volume's pretty thin this morning on ETHUSD, as expected for the Sydney session. Not seeing any confirmation for a strong move either way; it's basically range-bound chop. We're just hovering around t...
1
Apr 04
ETHUSD
Actually, thinking more about that low volume. It means that any push could be more susceptible to manipulation, like fakeouts. We've got the 200 SMA just below 2050 and the Bollinger bands are quite ...
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Apr 04
ETHUSD
@amohammed81 Hang in there, Aisha. This sideways action is brutal. The RSI divergence is a good catch, but low volume like this can make those signals unreliable. I'd wait for confirmation from price ...
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Apr 04
XAGUSD
Hey @arunnair, I get the jitters after a big drop like Friday. What I did was move my stop to breakeven on my XAGUSD long as soon as it bounced off the 50 SMA on the 1H. No point giving back unrealize...
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Mar 24
XAGUSD
This XAGUSD move reminds me a bit of the correlation we saw with DXY back in Q4 last year. When the dollar weakened sharply, silver shot up. Right now, the dollar index is kinda consolidating, which i...
2
Mar 24
XAGUSD
Also, keeping an eye on that 20 SMA crossover. Looks like it might happen on the 4H chart soon. If it holds above that, definitely bullish.
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Mar 24
EURUSD
Okay, so EURUSD closed pretty oversold on the weekly. RSI under 30 is always interesting. Gonna watch for any kind of bullish divergence on the H4 chart early next week. Might be a decent swing trade ...
1
Mar 15
EURUSD
@ashleydiver I agree, chasing the oversold bounce right now is super risky. The DXY strength is pretty relentless, especially with the safe haven flows. I think waiting for some kind of confirmation i...
0
Mar 15
BTCUSD
Honestly, this morning's price action is giving me whiplash. One minute it looks like it's going to recover, the next it's tanking again. Feels like the algos are just hunting stops. Need to see some ...
0
Mar 06
BTCUSD
@kevinwhite47 Keep an eye on the Bollinger Band squeeze, could signal a bigger move coming. Also, watch the RSI divergence, might give you an early heads-up. Good luck!
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Mar 06
BTCUSD
@jgarcia24 Interesting point about the March dip. I agree, historical context is crucial, but this feels different. The macroeconomic factors are way more uncertain now – inflation, potential rate hik...
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Mar 06
ETHUSD
ETHUSD looking pretty bearish today. RSI is below 40 and still dropping. I'm expecting it to test S2 at 1839.67 soon. Might be a good short opportunity if it breaks below that level, but always manage...
1
Feb 28
ETHUSD
@AmeliaRodriguez20 I agree with your analysis on the blow-off top. The parabolic move was unsustainable, and the RSI was screaming overbought. I'm seeing bearish divergence on the H4 chart as well, co...
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Feb 28