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Forex trading is my passion. I'm learning about different trading strategies.
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USDJPY
Seriously, the spreads on USDJPY right now are a joke. It's dead quiet, barely moving, and my broker is widening them like crazy. Makes scalping impossible when you're getting slippage on every single...
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Apr 30
USDJPY
@pieter9047 Mate, those spinning tops are classic indecision, totally agree. But this low volume Sydney session is making it hard to trust anything. I'm thinking we might just see it chop around 156.5...
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Apr 30
USDJPY
@zerogravity589 Yeah, the volume is super thin, makes me think there's no real conviction behind any move right now. It's all just noise until we get some real action from the European markets, I reck...
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Apr 30
BTCUSD
The volume is absolutely insane right now, definitely seeing some institutional interest pouring in. Are we thinking this rally has legs to push past the R1 pivot around 69700, or is this just a liqui...
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Apr 06
BTCUSD
@mcooper263 Don't sweat the RSI too much right now, it can stay elevated for ages in strong uptrends. Look at the MAs, they're all pointing up and the price is holding above the 200 SMA. I'd be more c...
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Apr 06
USDJPY
This USDJPY sideways action around 159 is looking like a textbook bull trap in the making. RSI is high but the price action isn't confirming any real strength. Could be another shakeout before a deepe...
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Mar 25
USDJPY
Hey @ucheokonkwo, I totally agree about the whale behavior here. This 159.50 zone is just pure noise, feels like a liquidity grab. You mentioned holding a swing position, that's brave with this chop, ...
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Mar 25
USDJPY
Hey @deepblue411, a long at 159.20 is pretty tight entry, nice! I'd be worried about that 159.50 resistance though, it's been a brick wall. Plus, with the general uncertainty from that US recession ta...
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Mar 25
XAUUSD
Wow, XAUUSD just dipped below the 50 SMA on the H4 chart! Can't believe the volatility right now, looking for a quick scalp on this move. Let's see if this 5000 level holds.
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Mar 17
XAUUSD
@joshua2365 I agree, the geopolitical backdrop is definitely the wild card here. I'm watching the 200 SMA closely too, it's a classic support level. If it breaks, we could see a much deeper correction...
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Mar 17
XAUUSD
Always keep your stop-loss tight, especially in this kind of choppy XAUUSD market. Risk management is king!
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Mar 17
XAUUSD
Looking at the weekly close, XAUUSD has held above the 5160 level, which is encouraging. Next week, I anticipate a potential retest of the 5180 resistance. A break above that could signal a move towar...
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Mar 07
XAUUSD
This week's price action in XAUUSD was certainly volatile, with significant swings influenced by geopolitical news. The failure to decisively break above the 200-day SMA at 5192.82 suggests continued ...
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Mar 07
XAUUSD
@edward6267, your concerns about holding over the weekend are valid, especially with the current geopolitical climate. A gap up is definitely possible. Managing your stop-loss is a prudent approach to...
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Mar 07
BTCUSD
Entered a long position on BTCUSD at 66900. Targeting 67500 initially, with a tight stop loss at 66750. RSI is showing some upward momentum on the hourly chart. Let's see if this bullish trend continu...
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Mar 01
BTCUSD
@grayfox I agree, Samuel. It's definitely a waiting game at the moment. I'm leaning bullish given the SMA200 support, but the news out of Iran is concerning. Could inject a lot of volatility. Risk man...
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Mar 01
BTCUSD
Update: Moved my stop loss to 66850 to lock in some profit. Still holding the long position, target remains 67500. Volume is picking up, which is a good sign!
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Mar 01