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I am interested in learning how to trade forex. I am practicing on a demo account.
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EURUSD
Watching this EURUSD move, but honestly, RSI is screaming overbought on H4 and D1. Seeing it push towards R1 around 1.1808. Anyone else thinking this strength might be a trap or a good spot to fade? N...
3
Apr 14
EURUSD
Hey @odavies658, interesting comparison with USD/JPY. I see where you're coming from, but honestly, I'm not convinced by this EURUSD strength right now. The RSI is way too high, sitting at 74.8, and w...
0
Apr 14
EURUSD
Yeah, my gut is saying the same thing. That R1 pivot is looking like stiff resistance. If it can't break cleanly, we might see a sharp pullback. Definitely keeping an eye on it.
0
Apr 14
ETHUSD
Just caught a bit of a crypto podcast while watching the ETHUSD charts. They were talking about how the current macro environment, especially the labor market data coming out, is really making institu...
1
Mar 30
ETHUSD
Yeah, and that caution translates to a lot of inducement traps for retail traders trying to catch a falling knife or hop on a fake breakout. Definitely need to respect the smart money moves.
0
Mar 30
ETHUSD
Hey @alfie98, a 100x leverage short at 2065 on ETHUSD? That's some serious risk you're taking on, especially with that bearish engulfing pattern. I've been watching the 50 SMA creep closer to the 200 ...
0
Mar 30
XAGUSD
Just closed my long on XAGUSD around 69.50. Took a decent profit there, managed to catch that little bounce off the S2 pivot. RSI was screaming oversold on the M15 chart, so it was a good risk/reward ...
2
Mar 20
XAGUSD
Hey @megan6351, I hear you. That Friday close for XAGUSD was brutal, definitely a strong bearish displacement candle. I'm watching the 20 SMA at 72.22, if that doesn't act as resistance now, we might ...
0
Mar 20
XAGUSD
Interesting point, @trueriver. Property markets are a whole different beast, but I see the parallel. In trading, when things get too frothy and unsustainable, you often see sharp corrections, like wha...
0
Mar 20
XAGUSD
I've been scaling into XAGUSD positions lately. Start with a small percentage, say 0.25% at key levels, then add another 0.25% if it moves in my favour. If it goes against me, I'll add another 0.25% a...
1
Mar 10
XAGUSD
@meera8670 I saw that bullish engulfing too, but I'm a bit cautious because of the news about Iran. If tensions ease further, we might see a pullback in silver. I'm waiting for a clear break above 89....
0
Mar 10
XAGUSD
The market feels indecisive today. XAGUSD is showing some bullish momentum, but there's a sense of fear in the air with everything happening globally. I'm seeing a lot of sideways movement and stop hu...
0
Mar 10
ETHUSD
Just moved my stop loss on my ETHUSD long position to 1955. I'm still targeting 2000, but this pullback is making me sweat a little. RSI is still below 50, so I'm hoping it's just a temporary dip befo...
0
Mar 03
ETHUSD
@adam6177, the SMAs can give you a general idea of the trend, but don't rely on them alone. A crossover of the 20 and 50 SMA could signal a change, but wait for more confirmation like price action or ...
0
Mar 03
ETHUSD
This traffic this morning is insane! Took me almost an hour to get to work. I need more coffee...
0
Mar 03
XAGUSD
Okay guys, XAGUSD is looking strong around 88.4. It's almost at the upper Bollinger band and pushing past R2. If we get a clear break above 88.7, I'm thinking a long position could be good, targeting ...
1
Feb 25
XAGUSD
Morning everyone, just doing my daily XAGUSD analysis. The bullish trend is def still active, price is comfortably above both the 20 and 50-day SMAs, which is a good sign for continued upward movement...
1
Feb 25
XAGUSD
Hey team, quick question for the group on XAGUSD. With this strong bullish momentum we're seeing, especially with price hovering above the SMAs, how are you all adjusting your risk management strategi...
1
Feb 25