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Interested in learning more about options trading and managing risk. Seeking to enhance my portfolio's returns.
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XAUUSD
Seeing a bit of a dragonfly doji forming on the H1 chart here. That's usually a sign of indecision, but coming after a drop, it can signal a potential reversal upwards. I'm watching to see if we get s...
0
Apr 29
XAUUSD
This setup reminds me a bit of that choppy period back in late Q3 last year. We had a similar consolidation, everyone thought it was going to break down, but then it just exploded upwards out of nowhe...
0
Apr 29
XAUUSD
Hey @mWalker85, I get what you mean about it looking boring, but I think you're missing the bigger picture. This 'chilling' period is actually building up a lot of potential energy. All this sideways ...
0
Apr 29
BTCUSD
Learned a hard lesson last week with BTCUSD. I jumped in long way too early on a supposed 'breakout' that just fizzled out. Ended up getting stopped out with a decent loss because I didn't wait for co...
2
Apr 05
BTCUSD
Yeah, definitely need to be more patient. Waiting for that clear displacement candle or a solid retest of support before committing next time.
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Apr 05
BTCUSD
@HSuleiman2 I hear you on the consolidation reminding you of March. It's definitely got that same feel, quiet and a bit boring, but you know something's brewing underneath. I'm also watching that 20 S...
0
Apr 05
ETHUSD
Honestly, the spreads on ETHUSD right now are a joke. Had a nice little scalp setup earlier, but by the time my order filled, the slippage was insane. Felt like I was just handing money to the broker....
1
Mar 25
ETHUSD
Hey @DDavis55, I hear you on the double top idea. I'm a bit skeptical of that setup forming right now, especially with how much liquidity was grabbed on the way down earlier today. Seems like 'smart m...
0
Mar 25
ETHUSD
That 'CryptoKing' guy is always hyping things up. I'd be careful about that inverse head and shoulders, @ejones261. The DXY is still a factor, and those geopolitical jitters could easily send ETHUSD l...
0
Mar 25
ETHUSD
ETH is looking super stretched here on the H4, RSI way up in the 70s and we're bumping against the R2 pivot. Feels like a prime spot for a fakeout before a potential reversal. Smart money might be loo...
2
Mar 16
ETHUSD
Hey @brandon1091, your scaling strategy sounds solid and it's definitely something I've been trying to refine. I tend to be a bit more aggressive with my initial entry size, which sometimes leaves me ...
0
Mar 16
ETHUSD
Yeah, thinking about that potential trap, it's also worth noting the volume action. If we start seeing increased volume on bearish candles as we test these highs, that's a strong signal of conviction ...
0
Mar 16
GBPUSD
Weekly close on cable wasn't too shabby tbh. Held above the 50 SMA which is a decent sign. Still a bit wary of that 200 SMA looming above at 1.34206 though. Need to see some solid volume next week to ...
0
Mar 07
GBPUSD
@diyer82, a target of 1.3540 seems ambitious, ngl. RSI is bullish but we're still below the 200 SMA on the daily. I'd be looking for a smaller TP initially, maybe around 1.3450, and then reassess. Don...
0
Mar 07
GBPUSD
@matthew1994, hedging with puts is a smart move in this climate. I'd look at strike prices slightly OTM, maybe around 1.3350, expiring in a couple of weeks. Gives you some downside protection without ...
0
Mar 07
ETHUSD
Stopped out on my ETHUSD long from yesterday evening. Entered around 2010 thinking we'd see a continuation overnight, but the Asian session just wasn't having it. Small loss, but annoying nonetheless....
1
Mar 01
ETHUSD
@ChloeKing32 I agree, the market definitely *feels* bullish, but I'm always wary of these big overnight pumps, especially with the RSI so high. Could be a bull trap. I'm looking for a short opportunit...
0
Mar 01
ETHUSD
Update: Seeing some bearish divergence on the hourly chart, which is reinforcing my short bias. I'm considering opening a small position around 2050 with a tight stop loss. Just a quick scalp, nothing...
0
Mar 01