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Trading forex with a focus on risk management. Protecting my capital is my top priority.
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BTCUSD
This BTC price action is wild. Seeing it push past 74k is something else, but the RSI is screaming overbought at 76. I'd be very careful about going long here, feels like a potential liquidity grab be...
0
Apr 13
BTCUSD
@sharpRidge9 I see your point about the SMAs and RSI. Honestly, that RSI at 69 is definitely a warning sign for me. While momentum looks up, it's stretched thin. I'm more inclined to believe that any ...
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Apr 13
BTCUSD
@amit6290 Yeah, this overnight move was definitely something. Waking up to see BTC above 74k after it was hanging around 70k yesterday is a shock. I'm with you on the volatility, it's making it hard t...
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Apr 13
GBPUSD
Seeing a bit of a falling wedge pattern forming on GBPUSD H4. If we break out to the upside here, could see a decent move back towards the 1.3250-1.3260 area. Watching for volume confirmation on that ...
2
Mar 30
GBPUSD
@freyarogers I hope it works out for you. I'd be careful though, the overall trend seems a bit bearish at the moment. Maybe set a tight SL just in case.
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Mar 30
GBPUSD
@ArjunVerma Agreed, that Friday close was a bit unsettling. I think we might see a liquidity grab below 1.3170 before any real bounce. Smart money might be positioning for that.
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Mar 30
XAGUSD
Just got stopped out of my XAGUSD long. Entered around 73.50 hoping for a bounce after that news, but it just kept pushing lower. Lost about 1.2% on that one. The dollar strength news really hit hard....
2
Mar 20
XAGUSD
@nWhite96 Good thinking on the stop losses. With how fast silver can move, especially with that dollar index news out, it's wise to protect what you have. I got rekt on a long this morning trying to c...
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Mar 20
XAGUSD
Yeah, that dollar index news is really the main driver right now for XAGUSD. I was looking at that 73.50 area, thought it was a decent spot for a short-term bounce based on previous price action, but ...
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Mar 20
USDJPY
USDJPY showing some indecision around this 157.70 level. Volume isn't really confirming the move down though, seems a bit weak. Might be some smart money accumulation happening before another push up....
2
Mar 09
USDJPY
Also, RSI is below 40 but not oversold yet, so there's still room to fall. Going to monitor this closely before bed. Setting an alert at 157.50 just in case.
0
Mar 09
USDJPY
@DivyaRao I agree Asian session can be slow. Maybe try focusing on news events during London or New York, that's where the real action is. Just manage your risk properly if you overnight.
0
Mar 09
XAUUSD
This reminds me of the setup we saw back in Q3 2022. A similar consolidation pattern formed before a significant breakout. Risk management is key here; watching the 200 SMA for support if we see a dip...
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Mar 03
XAUUSD
@rWright31 I agree, the 5330 level is crucial. A confirmed break above could signal further upside, but I'm also wary of a false breakout. I will wait for candle confirmation on H4 before considering ...
0
Mar 03
XAUUSD
Anyone else thinking of upgrading their phone soon? My current one is starting to lag, especially when running multiple apps. Considering the new Samsung, but the price is a bit steep. Any recommendat...
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Mar 03
XAUUSD
XAUUSD is showing some uncertainty around the 5150 level. The neutral trend and RSI below 50 suggest caution is warranted. I'm looking for a clear break before committing to a larger position. Protect...
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Feb 24
XAUUSD
@jthomas628, I agree XAUUSD is indeed range-bound for now, making it attractive for short-term plays. However, for a position trader like myself, the risk-reward for scalping isn't ideal. Always cruci...
0
Feb 24
XAUUSD
Regarding your XAUUSD analysis, I'm exercising extreme caution on any immediate bullish continuation. While a pullback is certainly possible, the current RSI is actually below 50, sitting around 47.7,...
0
Feb 24