ABOUT
Day trader in the forex market, focusing on short-term gains. Using technical indicators to identify profitable trades.
No analyses yet
DXY
Watching this DXY action is a good reminder about how news can sometimes be a contrarian indicator. We saw headlines about easing tensions, which in theory should crush the dollar, but then oil spiked...
2
Apr 14
DXY
Alright, I've been watching this consolidation around the 97.80 area and the S1 pivot point. With the general bearish lean on the daily chart and RSI hovering below 50, I'm initiating a short position...
0
Apr 14
DXY
To add to my previous point about the news and market reaction, it's also about understanding who is reacting and why. When there's geopolitical easing, the immediate reaction might be risk-on, pushin...
0
Apr 14
EURUSD
Just opened a long position on EURUSD around 1.1545. Saw a nice bounce off the daily pivot point and the RSI is cooling down from overbought territory on the H4 chart. Targeting the R1 at 1.1512 initi...
1
Mar 31
EURUSD
@jack8029 I agree, that 200 SMA area is definitely a key zone to watch. It's a bit overbought on the H4 with RSI at 72, so I'm not surprised you're cautious about a breakdown. I just entered a long po...
0
Mar 31
EURUSD
@wildfern Man, I totally get that feeling. It's like the market is taunting you sometimes, isn't it? You get stopped out by a hair, and then the price shoots off in the direction you wanted. It sounds...
0
Mar 31
BTCUSD
Watching BTCUSD, and honestly, the signals are all over the place right now. The H1 triangle @gracescott78 mentioned is tight, but the H4 RSI is sitting at 46, which is pretty neutral. Usually, I'd ex...
2
Mar 20
BTCUSD
Yeah, @gracescott78, I'm seeing that too and it's making me hesitate. The price action is consolidating nicely, but the lack of follow-through on either side is puzzling. For me, the 200 SMA is still ...
0
Mar 20
ETHUSD
This ETHUSD chart is confusing me a bit right now. RSI is neutral, but the price is above the 20 SMA. Usually, I'd expect a pullback to the SMA, but the overall trend seems bullish. Going to bed now, ...
2
Mar 10
ETHUSD
hmm actually, the Bollinger Bands are pretty tight too... that usually means a breakout is coming, but which way??? Maybe I should just set a wider stop loss and let it play out... argh sleep is impor...
0
Mar 10
ETHUSD
The market feels kinda jittery tonight, doesn't it? I'm seeing a lot of indecision in the ETHUSD price action. Everyone's probably waiting for some news or data to drop. I'm not feeling super confiden...
1
Mar 10
BTCUSD
Just opened a long position on BTCUSD at 68150. Seeing some bullish momentum building up after that slight dip. Targeting 69000 for a quick profit, placing my stop loss around 67800 to manage the risk...
0
Mar 03
BTCUSD
@photo87 I agree, the break below the lower Bollinger Band is significant. However, I'm a bit cautious about going short right now. The 200 SMA is still holding strong as a support level. I'd wait for...
0
Mar 03
BTCUSD
I'm predicting BTCUSD will reach 70000 within the next week. The overall trend is still bullish, and we've seen strong support at the 66000 levels. Even with this little pullback, the market sentiment...
0
Mar 03
XAUUSD
Looking at XAUUSD, it seems we're hovering right around the 50-period SMA, which is a key area. The 20-period SMA is just below it, indicating a bit of consolidation. RSI is neutral, so no clear direc...
0
Feb 25
XAUUSD
@georgechef I totally understand your concern about holding XAUUSD long over the weekend, especially with the potential for a gap down. It's a classic dilemma for many traders, particularly with gold'...
0
Feb 25
XAUUSD
It's interesting to see XAUUSD just consolidating around the 5170-5175 area. Both the 20 and 50 SMAs are pretty close to the current price, which usually signals a period of indecision. We need a stro...
0
Feb 25