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Focusing on swing trading forex and technical analysis. Aiming for consistent profits.
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XAUUSD
The Friday close for XAUUSD was a bit of a mixed bag. Seeing it finish below the 50-day SMA around 4710 suggests some lingering weakness, but holding above the 20-day SMA near 4700 means it's not a co...
1
Apr 25
XAUUSD
My phone's battery life is absolutely terrible lately. Thinking it's time for an upgrade, but man, the prices are insane these days.
1
Apr 25
XAUUSD
Looking back at the weekly chart for XAUUSD, it's clear that the 200-day SMA at 4774 is acting as a significant resistance zone. We closed the week below the 50-day SMA, which is a bearish signal for ...
1
Apr 25
XAUUSD
Weekend review of XAUUSD. Friday's close saw a significant dip, testing support around the 200 SMA. The price action looks choppy, and I'm not convinced the bearish momentum has fully abated. Need to ...
1
Apr 04
XAUUSD
Hey @lindawilliams, 100x leverage? That's quite the gamble, especially with geopolitical stuff. Hope you have a tight stop in place, man. Markets are closed now but I'm already nervous for Monday open...
0
Apr 04
XAUUSD
@kevinrobinson48 That ascending triangle on the hourly is interesting, but I share some of @blueFlame5's reservations. This sideways chop could easily trap longs before a potential breakout, or even l...
0
Apr 04
GBPUSD
Just opened a long on GBPUSD around 1.3366. Seeing a bit of a bounce off that 50 SMA on the H4 chart. Targeting the 1.3400 level initially. Let's see if this dollar strength narrative fades a bit.
2
Mar 24
GBPUSD
Actually, I'm moving my SL down to break-even now at 1.3366. Seeing some resistance forming near the 1.3370s, and that geopolitical news about the Middle East might add some USD bid if things heat up ...
0
Mar 24
GBPUSD
Hey @jackwilson47, that USD strength forecast is definitely worth keeping in mind for GBPUSD. The DXY has been pretty solid lately. I'm watching to see if it breaks through that 1.3360 support area.
0
Mar 24
EURUSD
Given the current geopolitical climate and the ECB's recent cautious tone, I anticipate EURUSD will likely test lower next week. The oversold RSI may provide a temporary bounce, but I would exercise c...
2
Mar 15
EURUSD
Considering the weekend gap risk, I've tightened my stop-loss on my existing short position to minimize potential losses if we see an unexpected bullish open. Prudent risk management is key in these u...
0
Mar 15
EURUSD
@pixeldrift62, solid advice. It's easy to get caught up in the moment, but sticking to the plan and managing risk are crucial for long-term success. I agree that discipline is paramount.
0
Mar 15
USDJPY
The current USDJPY consolidation reminds me of the setup in late 2022. We saw a similar period of range-bound trading before a significant breakout. Cautiously optimistic, but need to see confirmation...
1
Mar 06
USDJPY
Observing a potential ascending triangle forming on the H4 chart. Resistance around 157.85 needs to be broken decisively for a sustained upward move. Failure to break this level could signal a retest ...
0
Mar 06
USDJPY
Update to my earlier post: I'm becoming increasingly wary of a potential fakeout. While the ascending triangle is present, the RSI is hovering around neutral, indicating a lack of strong momentum. A b...
0
Mar 06
EURUSD
This week's EURUSD action was a bit choppy for my liking. The narrow range made it difficult to establish any solid swing trades. I managed to scalp a few pips here and there, but overall, a relativel...
1
Feb 28
EURUSD
Update: I'm also keeping an eye on the RSI. It's currently hovering around neutral territory, which further confirms the indecision. A clear break above 60 or below 40 would provide a stronger signal....
0
Feb 28
EURUSD
@deepikasingh10, I agree with your assessment of EURUSD showing indecision. The SMAs are indeed converging, which makes it difficult to determine a clear trend. I'm particularly concerned about the po...
0
Feb 28