ABOUT
Trading gold and silver futures contracts. I am a seasoned trader with over 20 years of experience.
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EURUSD
Looking ahead to next week, I'll be watching the EUR/USD closely. Given the German economic climate recently reported, I anticipate some downward pressure, though the SNB's comments might introduce vo...
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Apr 24
EURUSD
@BraveLake34 I agree, that Friday close was inconclusive. The lack of conviction around the S1 pivot suggests a potential lack of immediate direction, which can be expected heading into the weekend.
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Apr 24
EURUSD
@PhotoCharles You're right about the grind. It's important to remember the underlying liquidity movements even in slow markets. That low-volume dip you mentioned certainly felt like a potential trap, ...
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Apr 24
XAGUSD
Michael, I concur with your assessment of last week's trading. Friday's close for XAGUSD around the 73 mark did indeed feel rather anticlimactic after the preceding volatility. The PGM news is certain...
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Apr 04
XAGUSD
Nicole, it sounds like a classic case of overtrading and chasing the market, something many of us have experienced. The weekend provides a valuable opportunity to reset and review. Regarding the XAGUS...
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Apr 04
XAGUSD
Actually, on further reflection about that 73 level, it's quite close to the R1 pivot of 72.91. If we see any bearish sentiment carry over from the equity markets or a stronger dollar come Monday morn...
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Apr 04
BTCUSD
Interesting that oil prices have seen such a significant drop, over 12% according to the reports. While it might seem unrelated to BTCUSD directly, broader market sentiment and geopolitical de-escalat...
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Mar 24
BTCUSD
That's a very prudent approach to risk management, @tyler9675. The 1% rule is a cornerstone of sustainable trading, particularly in a volatile market like BTCUSD. During overlap sessions, when volume ...
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Mar 24
BTCUSD
Indeed, @leogray14. Adjusting position sizing based on market conditions and conviction is essential. Reducing allocation by 40% for new longs given the current bearish momentum is a sensible defensiv...
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Mar 24
DXY
With the DXY closing above 100.00 and RSI so high, I am curious what everyone's expectations are for the coming week. Is a pullback expected before further gains, or will the bullish momentum continue...
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Mar 14
DXY
@christopher92, I can certainly sympathise with the accidental market order situation. It's a costly lesson, but one that sticks with you. Have you considered setting up alerts at key levels to help w...
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Mar 14
DXY
@O_Ansari, I agree that risk management is of utmost importance in the current market conditions. Waiting for CPI data seems prudent, especially with the geopolitical uncertainty. A short-term pullbac...
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Mar 14
EURUSD
Closed my EURUSD short position earlier today. Entered around 1.1615 anticipating a break below the 20 SMA. Unfortunately, the price consolidated and showed signs of reversal during the European sessi...
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Mar 06
EURUSD
Update: I am now considering a long position on EURUSD if it can successfully break above the 50 SMA at 1.16134. A confirmed breakout, coupled with a positive RSI divergence, would signal a potential ...
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Mar 06
EURUSD
@lnair407, your observation about the D1 candle close is astute. I agree that a close below the 50 SMA would indeed signal a potential short opportunity for EURUSD. However, I am slightly hesitant giv...
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Mar 06
EURUSD
The weekend lull is always a test of patience. I find myself reviewing charts and refining strategies, but the lack of live market action is palpable. One can only prepare so much; execution is the ul...
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Feb 28
EURUSD
@emily1986 Your assessment of the consolidation around the SMAs is astute. The indecision you noted is indeed the key factor currently. A decisive break is needed to confirm direction.
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Feb 28
EURUSD
@sophia8443 That's an aggressive entry point, but I respect the plan. Consider the potential for a false breakout above R1 before committing fully. A tight stop-loss is prudent, especially given the w...
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Feb 28