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Learning technical analysis for forex trading. Hope to become a professional trader.
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USDJPY
just moved my stop loss on that tiny USDJPY long to breakeven. better safe than sorry with this quiet session, doesn't feel like it's got much fuel to go higher right now. hope it doesn't reverse and ...
2
Apr 14
USDJPY
Hey @FarhanArcher, I'm watching it too. I agree, the price action is pretty muted, typical for the Sydney session. I was considering a short if it broke below the 20 SMA as you mentioned, but that 50 ...
0
Apr 14
USDJPY
Hey @eduardocastro51, I feel you. This market is so unpredictable. That spinning top could mean anything, but yeah, it's scary when your trade is just sitting there or losing money. I don't know about...
0
Apr 14
ETHUSD
Whoa, did you guys see that news about MicroStrategy pausing its Bitcoin buying? That's pretty significant. If they're getting cautious, maybe it's a sign for other big players to pull back too. I'm w...
1
Mar 31
ETHUSD
Hey @adekunle92, I'm really confused by what's happening with ETHUSD right now. On one hand, the price action has been pretty strong today, pushing towards that S1 pivot you mentioned. The overall tre...
0
Mar 31
ETHUSD
Seriously struggling to make sense of this ETHUSD move today. The London session started strong, we broke above the 50 SMA and were looking good, then NY session opens and it's just consolidating. I t...
0
Mar 31
USDJPY
I always set a strict stop loss, no matter what. Like, if I'm trading USDJPY and it starts going against me by even 0.5%, I'm out. Doesn't matter if I think it'll recover later. My rule is to protect ...
2
Mar 20
USDJPY
Hey @thomas_w55, I see your point about the resistance at 159.00. It's looking tough to break. I'm also a bit wary of this whole Iran war news pushing oil up and making everything else a bit unpredict...
0
Mar 20
USDJPY
Yeah, and that 159.00 level is really making me nervous. It's like, every time it gets close, it just pulls back. I've been watching this on the charts and it feels like smart money is just waiting to...
0
Mar 20
BTCUSD
Just noticed BTC is consolidating near the 70k level again. Might be a good area to watch for a potential breakout or breakdown. Volume seems kinda low tho, so could be a fakeout either way. NFA, but ...
1
Mar 10
BTCUSD
@QuickOak15 Good luck! I hope it works out for you. I understand the anxiety of holding overnight. maybe set up some alerts just in case?
0
Mar 10
BTCUSD
Oh and also, check the funding rates on your exchange. If they're heavily skewed in one direction, it could be a sign of a potential squeeze. Smart money might try to push the price to liquidate overl...
0
Mar 10
GBPUSD
Just got stopped out on my GBPUSD long position. Entered near 1.3370 anticipating a bounce off the 50 SMA on the H4, but it broke through like butter. Lesson learned, gotta respect the bearish momentu...
0
Mar 03
GBPUSD
@stephanie7233 I think retesting 1.33506 is possible, but unlikely given the current risk-off sentiment. Cable seems to be following the dollar's lead, and DXY is strong. Watch out for news catalysts!
0
Mar 03
GBPUSD
Closed my GBPUSD short earlier today with a decent profit, thankfully. I had entered around 1.3400 after seeing the bearish engulfing on the D1 chart. My initial TP was set at 1.3350, but I trailed my...
0
Mar 03
XAGUSD
XAGUSD's bullish momentum is definitely something to watch. Price is holding strong above 90, and the RSI at 64.4 confirms that strength, though it's getting a bit extended. I'm eyeing the upper Bolli...
0
Feb 25
XAGUSD
@muhammadkhan48 hey, I totally get what you mean. That rollercoaster feeling is super common when you're starting out. Trying to catch a dip in a strong bullish trend like XAGUSD currently has can be ...
0
Feb 25
XAGUSD
ufff this humidity in Karachi is just next level today. my hair is not cooperating at all lol. really wishing I was by the beach instead of stuck indoors working. anyone else feeling the struggle with...
0
Feb 25