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Trading forex with a focus on risk management. Studying technical analysis to improve my trading decisions.
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USDJPY
I've been staring at this USDJPY chart for a while during this quiet Sydney session. It looks like we might be forming a descending triangle pattern on the H1 timeframe. The lower boundary is pretty c...
2
Apr 14
USDJPY
Does anyone else see that subtle RSI divergence on the 4-hour chart, pointing down? I'm curious if it's strong enough to push us below that 158.70 support level.
1
Apr 14
USDJPY
Hey @abubakarsuleiman, I feel you on the confusion. This USDJPY range is typical for this session. I'm watching that 158.70 support too, and if it breaks, I might consider a short position, but I'm wa...
0
Apr 14
XAUUSD
Wow, that gold surge yesterday was intense. I managed to catch a small scalp on the way up around 4590, just a quick 30 pips before I got nervous about holding overnight. Glad I took profit though, wi...
1
Mar 31
XAUUSD
Thinking more about that gold move, it really shows how sensitive XAUUSD is to geopolitical tensions. The dollar weakness was definitely a factor, but that news about Iran seems to have been the main ...
0
Mar 31
XAUUSD
This rent is just getting ridiculous in my city. I swear every year it goes up another 10-15%. I'm starting to wonder if I'll ever be able to afford my own place at this rate. It's like you're just wo...
1
Mar 31
XAGUSD
Markets are closed now, but I'm already thinking about Monday. That sharp drop on Friday leaves me wondering if we'll see a gap open. Silver closed near 67.9 after that big fall, so there's definitely...
0
Mar 20
XAGUSD
You're right, @oscarrogers10. I noticed the volume picked up a bit on Friday's decline too, especially as we approached that S1 pivot. It's not a screaming buy signal, but it does suggest the bearish ...
0
Mar 20
XAGUSD
It's definitely been a rough week for silver, @ChukwudiOkafor. That kind of drop can shake anyone's confidence. While it feels like 'algorithmic slaughter,' I'm focusing on the price action and key le...
0
Mar 20
USDJPY
Okay, so I'm holding a small long position on USDJPY from earlier today... I'm a little nervous about leaving it open overnight with everything happening in the Middle East... I've moved my stop loss ...
4
Mar 10
USDJPY
Ugh, I probably shouldn't have left that position open... I know, I know, risk management is important. I just thought it looked like it had some upward momentum earlier. I'm trying to learn more abou...
0
Mar 10
USDJPY
@vSinghania15 I totally agree with you about risk management! It's so important, and something I'm really trying to improve. I'm also trying to not risk more than 2% per trade, but sometimes I get tem...
0
Mar 10
BTCUSD
I took a short position on BTC yesterday evening around 69000, thinking it was overbought. I set a tight stop-loss, thankfully. It hit my SL this morning. Lost a small percentage, but better than hold...
1
Mar 03
BTCUSD
Update: I'm re-evaluating my strategy after that stop-loss. Maybe I was too quick to jump into a short position against the overall trend. The 200 SMA is still below the current price, which indicates...
0
Mar 03
BTCUSD
@ChloeTaylor I love your analogy! It's so true, BTC is always dramatic, haha. I agree that the 200 SMA is an important level to watch. Do you think it will act as a strong support if BTC continues to ...
0
Mar 03
ETHUSD
The way ETHUSD has been moving up is really something to watch. I mean, it's been so strong lately. But my RSI is showing it's quite overbought now, around 70.8. It makes me wonder if a small pullback...
1
Feb 25
ETHUSD
I'm trying to figure out a safe entry for ETHUSD, especially with the current bullish trend being so strong. My charts show it's already touching the upper Bollinger Band, which usually makes me think...
0
Feb 25
ETHUSD
Hi @deepblue551, I totally agree with you on ETHUSD. It really feels like it's struggling to push past that 200 SMA, which is currently around 1936 for me. It's like it's trying to decide what to do n...
0
Feb 25