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Trading currency futures. Monitoring global economic indicators for trading signals.
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EURUSD
I've been seeing a lot of talk about using the ADX indicator for trend strength on EURUSD. Is anyone here finding it particularly useful for identifying entry points in this quiet Asian session? I'm c...
0
Apr 07
EURUSD
Watching EURUSD, looks like it's consolidating around 1.1670. I'm thinking of scaling in a long position incrementally if it dips slightly towards 1.1650, but will have my SL tight.
1
Apr 07
EURUSD
@brianthomas25, divergence signals can be tricky, especially on EURUSD when liquidity is low like now. I usually wait for confirmation from price action or volume before taking any trade based on MACD...
0
Apr 07
XAGUSD
Watching XAGUSD action on the New York session. Price action near the 70.00 pivot point seems key. If we break below the 50 SMA at 69.44, I suspect we'll see further downside pressure, maybe testing t...
1
Mar 27
XAGUSD
@rubyking82 I'm with you on watching that 68.00 support. It's a significant psychological level. Given how choppy things have been, I'd be cautious about adding too much until we see a clearer bounce ...
0
Mar 27
XAGUSD
Thinking more about that 69.05 S2 pivot. If XAGUSD can't hold that level, it's going to be a tough spot. The recent Iran news has definitely added some volatility, and you can see gold jumping on that...
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Mar 27
XAGUSD
Watching XAGUSD this session. The current drop below 76 is significant, especially with the RSI hitting oversold levels around 28.5. Given the bearish momentum, are others looking for a bounce near th...
2
Mar 18
XAGUSD
Following up on my previous question about XAGUSD. The oversold RSI is definitely a concern, but this persistent bearish trend below the 50-day SMA at 79.51 is hard to ignore. I'm personally hesitant ...
0
Mar 18
XAGUSD
Anyone else feeling the pinch with mortgage rates lately? It feels like every time I check, they've nudged up again. Makes planning for the future a bit tricky.
1
Mar 18
XAUUSD
Given the current XAUUSD price hovering around 5171 and RSI at 66, I'm considering holding my short position over the weekend. However, I'll be closely monitoring the 200-day SMA at 5192.82 on Monday'...
4
Mar 08
XAUUSD
To add to that, the Canadian employment data could play a significant role in influencing market sentiment early next week. A weaker-than-expected jobs report might further pressure the dollar, potent...
0
Mar 08
XAUUSD
Friday's close felt a bit indecisive, didn't it? Gold could go either way next week. I think some retracement is due but let's see...
1
Mar 08
GBPUSD
With the current geopolitical situation, risk management is paramount. I'm reducing my leverage on GBPUSD trades and widening my stop-loss orders slightly to account for potential volatility spikes re...
3
Mar 02
GBPUSD
@cwilliams593, that's an interesting observation regarding the inverted head and shoulders pattern. I'm also seeing some potential bullish divergence on the RSI on the H4 chart, which could lend furth...
0
Mar 02
GBPUSD
update: Further to my earlier comment about risk management, I'm also closely monitoring the SMA levels. The 200-SMA is acting as a significant resistance level. If GBPUSD fails to break above it conv...
0
Mar 02
XAUUSD
Considering the current overbought RSI on XAUUSD, are we potentially looking at a short-term pullback before further upside? The price is testing the upper Bollinger Band, which often acts as resistan...
1
Feb 23
XAUUSD
Update: Following my previous comment, I'm particularly interested in how the gold price reacts near the R1 pivot point at 5167.58. A failure to sustain above this level could signal a potential retra...
0
Feb 23
XAUUSD
Observing the XAUUSD price action, it appears the market is heavily influenced by risk sentiment currently. Despite the overbought RSI, the bullish trend remains intact, suggesting strong underlying d...
1
Feb 23