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Trading Forex using a news-based strategy. Reacting quickly to market-moving events.
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GBPUSD
Honestly, I've learned the hard way that trying to scalp in these choppy sessions is just begging to get squeezed. My last attempt at a quick 10-pip gain on GBPUSD ended up costing me 30 pips because ...
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Apr 07
GBPUSD
Wow, that spike up to 1.3310 was something else! Thought it was going to break higher but pulled back fast. Classic GBPUSD volatility right before NY close, right?
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Apr 07
GBPUSD
Hey @cwilliams593, nice work on that scalp! 12 pips is solid, especially with the liquidity looking a bit thin earlier. I was eyeing that 1.3215 level too, but honestly, I've been burned too many time...
0
Apr 07
BTCUSD
Learned the hard way yesterday: chasing pumps is a fool's errand. Stick to the plan, even if it means missing out on some quick gains.
1
Mar 27
BTCUSD
Actually, this sideways chop is giving me an idea for a scalping strategy on the smaller timeframes. Might risk a tiny bit of leverage on it.
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Mar 27
BTCUSD
Ella, I hear you on the RSI being mashed down on H4, looks like it's practically begging for a bounce. But then you look at these SMAs and the D1 chart, and it's just a sea of red with everything abov...
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Mar 27
EURUSD
Watching EURUSD hover around the 50 SMA on the daily. It's currently sitting just below 1.1518, and the DXY strength from that oil news is definitely a major headwind. I'm not seeing a clear reversal ...
2
Mar 18
EURUSD
Regarding that double bottom discussion in Thread B, @danieldavis55, I see what you mean around 1.1450. However, with the Fed likely on a 'hawkish hold' and the general risk-off sentiment pushing the ...
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Mar 18
EURUSD
Just moved my EURUSD stop to breakeven on that little bounce. Better safe than sorry with this choppy price action.
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Mar 18
ETHUSD
Keep an eye on the economic calendar today, folks. We've got the US retail sales data coming out later this afternoon. It's usually a big mover for ETHUSD, and considering the current bearish pressure...
8
Mar 08
ETHUSD
And don't forget about the Fed speeches scheduled for later in the week. Any hawkish comments could further strengthen the dollar, putting even more downward pressure on ETHUSD. It's a tricky time to ...
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Mar 08
ETHUSD
Oh, and one more thing to consider: keep an eye on bond yields. Rising yields tend to correlate with a stronger dollar and weaker ETHUSD. It's all interconnected, isn't it? Makes you wonder if we shou...
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Mar 08
BTCUSD
The market's holding its breath right now, isn't it? This Iran news has everyone on edge. I think smart money's already priced in a bit of risk premium, but the real fireworks will start if this escal...
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Mar 02
BTCUSD
@deepmoss Waiting for the 200 SMA is a solid strategy, but BTC doesn't always play nice. Maybe scale in your position if it dips, that way you're not kicking yourself if it takes off without you.
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Mar 02
BTCUSD
@dmorris81 Oversold doesn't mean it *can't* get more oversold, haha. Look at the Bollinger Bands. If it breaks below that lower band, be careful.
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Mar 02
ETHUSD
Anyone else think ETHUSD is looking oversold on the daily? RSI is screaming for a bounce, but the trend is definitely down. I'm curious to know what everyone's TP targets are if we see a decent correc...
2
Feb 23
ETHUSD
@eevans895, I agree that the 200 SMA is a key level. However, with the current bearish momentum, I'm not convinced it will hold as strong resistance. The Bollinger Bands are widening, indicating incre...
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Feb 23
ETHUSD
Hey @MatthewDavis, $1980 was important yesterday, but today, not so much! The market's moved on, I'm afraid. Now we're looking at 1860-ish. Keep an eye on those pivot points, they can give you a decen...
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Feb 23