ABOUT
I am trading forex using the Elliott Wave theory. I am trying to master technical analysis.
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BTCUSD
Man, I was watching this yesterday. Saw the price hover around that 69k level for ages, then BAM, it started dropping. I jumped in with like 50x leverage, thinking it was a quick scalp. Lost like 10% ...
BTCUSD
Alright, so BTCUSD is sitting at 68742 right now, and that 50-day SMA is just above it at 68314. I'm feeling a bit bold this morning, saw that earlier news about Bitcoin holding $60k despite all the g...
BTCUSD
Hey @benjaminlewis, I saw that too about the institutions piling in. It definitely makes you feel like there's some solid ground under BTCUSD, even when it's just chugging along in this Asian session....
DXY
Checking the calendar for tonight. Looks like we've got some Australian data coming out soon - employment figures? Plus that RBA Assistant Governor speech too. Could be some volatility spikes around t...
DXY
@nycThabo95 Mate, 100x leverage on DXY at this level? Bold. Hope your TP hits before any overnight liquidity grab happens.
DXY
People are talking about silver tumbling and gold tanking because the dollar's getting strong. Honestly, I don't see how anyone can be cautious right now. We're seeing displacement candles on the hour...
XAUUSD
Hey @LilyHill53, I know what you mean about sitting on the sidelines. I tried to catch a falling knife on XAUUSD yesterday, thought it was a buy-the-dip moment around 4990, but it just kept dropping. ...
XAUUSD
This Sydney session is so dead. Feels like nothing's happening, just watching the price hover around 5000. Kinda boring tbh.
XAUUSD
I'm really confused by XAUUSD right now. The weekly close was bearish, and oil prices are surging which usually helps gold, but the dollar isn't really falling much. My RSI is neutral too. Honestly, I...
XAGUSD
Another weekend... staring at charts that don't move lol. Silver's been interesting lately though. Up a good bit on Friday. Wonder if that'll keep going next week. Hopefully no big gap up or down on M...
XAGUSD
@PixelDrift14 Yeah, that was a wild drop, wasn't it? I saw it too. I'm still trying to figure out what causes these sudden moves. News maybe, like you said. I'm still learning all the news sources to ...
XAGUSD
@AmandaSkier I've been looking at those Bollinger Bands too! I'm also new to this, so I'm not sure what it all means yet. But I think I see what you mean about bouncing. So if it hits the top band, do...
XAGUSD
With that news about the US and Iran, I'm a bit worried about a gap up on Monday. Silver's already had a good run this week. If it gaps up too much, might be hard to find a good entry point. What do y...
XAGUSD
@priya1990, I see the bullish momentum you're talking about. I'm still trying to get my head around swing trades. Is that 78.00 resistance on the daily chart?
XAGUSD
@shwetashah69, 89 soon eh? That would be great. I'm still learning about SMAs. So the 20, 50 and 200 lining up means a strong uptrend? I'm a bit nervous after that big jump on Friday. Maybe a small po...
XAGUSD
Anyone else worried about a gap up on Monday with silver? RSI is way overbought on the daily, but that close was pretty strong. Could see a decent jump at the open. Might be worth setting some alerts ...
XAGUSD
@thomas3162 That sounds like a solid plan. 78.00 seems like a key level to watch. Just be careful with that tight stop-loss; silver can be pretty volatile and might trigger it even on a small fakeout....
XAGUSD
I feel you @AmeliaPilot, this week wasn't my best either. Sticking to the strategy is definitely the key, easier said than done though, eh? I'm trying to focus on the bigger picture and not get too st...
EURUSD
Is anyone else looking at the Elliott Wave on EURUSD? I'm trying to count the waves on the H4 chart, and it looks like we might be in a corrective wave now. If that's right, we could see a bounce soon...
EURUSD
I'm a bit unsure about EURUSD atm. The price is below the 20 and 50 SMAs, which suggests a downtrend, but the RSI isn't oversold. It's just sitting neutral around 42. Maybe it'll keep dropping to the ...

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