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Focuses on risk management in forex trading, using hedging strategies.
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BTCUSD
Okay, I finally bit the bullet and opened a long position on BTCUSD. Entered around 75700. Really hoping this holds and we see some upward momentum tomorrow. My target is maybe 77000 for now, just try...
1
Apr 30
BTCUSD
Anyone else feel like BTC is just playing dead before a big move? Or is this just a dead cat bounce and we're headed lower? Kinda nervous about this choppy action.
0
Apr 30
BTCUSD
Actually, thinking about it more, I should probably set a stop loss. Can't just leave this open-ended. Maybe around 75000? Don't want to get completely wiped out if it decides to drop unexpectedly. Th...
0
Apr 30
DXY
Ugh, I tried to catch a falling knife on DXY yesterday, bought around 99.50 thinking it was a good dip. Needless to say, it kept dipping. My lesson learned is just to stick to what I know and not chas...
1
Apr 05
DXY
Hey @ryanking60, I totally get what you mean! It's so hard to tell with DXY lately, it's like it can't decide whether to go up or down. I think it's just stuck in a range right now, but who knows what...
0
Apr 05
DXY
Hi @RiftZone38, good luck with the short! I saw you mention the upper Bollinger band, that's smart. I'm always a bit scared to short DXY though, it feels like it can just jump up really fast sometimes...
0
Apr 05
USDJPY
Ugh, seriously trying to get my head around risk management for USDJPY. I keep telling myself no more than 1-2% per trade, but then I see a dip and think 'oh this is the dip to buy!' and then boom, lo...
1
Mar 25
USDJPY
Hey @kevin8143, I totally get what you mean about it looking range-bound but closing higher. It's so confusing! I'm still really new and honestly, I'm just trying not to lose my shirt. I saw it go u...
0
Mar 25
USDJPY
Actually, thinking more about that 1-2% rule, it's really hard when you see the price of USDJPY moving like it did today. It shot up quite a bit, like 0.5%! And for someone like me who's just startin...
0
Mar 25
ETHUSD
Ugh, watching ETHUSD right now is like watching paint dry. It's just hovering around that 2360 area. Honestly, my SL is set pretty tight, just in case it decides to do something crazy while I'm trying...
2
Mar 16
ETHUSD
Wait, I just remembered that news about South Korea fining Bithumb. Wonder if that's contributing to the lack of volume or making people extra cautious about crypto in general. Probably not, since ETH...
0
Mar 16
ETHUSD
Hey @stephanietaylor60, I totally get what you mean about the volume not confirming the ETH move. It's kinda stressing me out too, especially since I'm a beginner and prone to overthinking things. I t...
0
Mar 16
ETHUSD
Okay, so I've just opened a small long position on ETHUSD at 1983. Trying to catch this little bounce. TP around 1990, SL pretty tight at 1978. Let's see if this works or if I'm donating to the market...
1
Mar 07
ETHUSD
Update: Hmm, not loving the way this is moving. RSI is still looking bearish, and it's struggling to break above 1985. I might move my stop loss up a bit to protect some profits, or just close it out ...
0
Mar 07
ETHUSD
@shwetayadav65 Interesting observation about the SMAs converging! I'm still pretty new to this, but does that consolidation phase usually mean a big move is coming, or could it just fizzle out?
0
Mar 07
EURUSD
Hmm, with everything that's been going on, I'm kinda nervous holding my EURUSD position over the weekend. Thinking I might close it out just to avoid any nasty surprises on Monday. Better safe than so...
1
Mar 01
EURUSD
Update: Okay, I chickened out and closed my EURUSD position. I know, I know, maybe it'll gap up on Monday and I'll miss out, but tbh, I can't handle the stress of wondering what's gonna happen. The po...
0
Mar 01
EURUSD
Hey @MiaCloutier, I get your hesitation! EURUSD can be a tricky one. It's been consolidating lately, which makes it hard to predict. As for tips on when to buy, I'm still pretty new to this myself, bu...
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Mar 01