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Trading commodities like oil and natural gas. Following geopolitical events closely to anticipate price movements.
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XAGUSD
Given the geopolitical noise and that the dollar is strengthening, I'm a bit cautious for XAGUSD next week. The weekly close around 75.60 feels like it's just holding on. I suspect we might see some s...
1
Apr 26
XAGUSD
Also, the RSI is hovering around 49, which isn't giving us much of a clue either way. It's definitely a 'wait and see' kind of market right now.
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Apr 26
XAGUSD
@Harry_White, yeah I agree. That Friday close was pretty tame given everything going on. I'm not expecting a massive gap open unless something big breaks over the weekend, but I'm also keeping a close...
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Apr 26
EURUSD
Well, EURUSD finished Friday below the 1.15 handle, which isn't ideal. We closed below the S2 pivot too. Looking ahead to next week, I'm expecting more downside pressure, especially if that US jobs d...
1
Apr 05
EURUSD
Actually, thinking about it, the RSI was quite oversold on the H4 chart going into Friday's close too. So while the overall trend looks bearish, there could be a small bounce early next week before it...
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Apr 05
EURUSD
@michael8972 I hear you, it's a bit messy. That RSI at 70.7 was definitely screaming overbought, but you're right, price isn't confirming a sharp reversal yet. The dollar's strength from that jobs rep...
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Apr 05
GBPUSD
This GBPUSD is just grinding sideways today, feels like watching paint dry. I was expecting a bit more action after that US dollar news but it's barely moved. Honestly, can't decide if I should even b...
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Mar 24
GBPUSD
So, the dollar is strengthening again according to that news, and that's supposed to be pushing DXY up? That doesn't seem to be hurting GBPUSD too much right now though, it's still sitting near that 1...
1
Mar 24
XAGUSD
Just a tip for newbie traders like me: don't get too caught up in the news. It's important to be informed, sure, but sometimes the market just does its own thing regardless of what's happening in the ...
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Mar 16
XAGUSD
@thandonkosi79 I'm also watching that 80.40 level, but with the oil price spike, I'm a little worried about inflation pushing silver down further. Maybe a small position size is best for now?
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Mar 16
XAGUSD
Okay, I'm going to try a small long position on silver at 81.10. SL is pretty tight at 80.80, targeting 81.80 for a small profit. RSI is looking oversold, and I'm hoping for a bit of a bounce. The new...
1
Mar 16
XAGUSD
OMG silver just dropped! I had a small buy order at 82.50 thinking it would hold... now what? Should I cut my losses or hope it bounces back a bit? Feeling a bit anxious tbh.
1
Mar 06
XAGUSD
@AshleyMiller Yeah, FOMO is real! I've been burned by that so many times. Good reminder to be patient and wait for a better entry point.
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Mar 06
XAGUSD
Update: I'm thinking of averaging down a bit at 82 if it gets there, but I'm also worried about catching a falling knife. Maybe I'll wait for a confirmation candle before adding to my position. This i...
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Mar 06
XAUUSD
Okay, so with gold being overbought on the RSI, I'm thinking of waiting for a pullback before considering any long positions next week. Maybe around the 5200 level? I'm a bit nervous about buying at t...
2
Feb 28
XAUUSD
@calmcreek I'm still pretty new to this, but wouldn't a bullish RSI suggest it's overbought and maybe due for a correction? Just trying to understand!
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Feb 28
XAUUSD
Update: Thinking about it more, if that Iran news is real, maybe a small short position to start the week wouldn't be the worst idea. Could be a quick way to profit from the initial panic, but I'd nee...
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Feb 28