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I'm a beginner in forex, eager to learn the ropes of technical analysis and risk management. I am starting with a demo account.
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XAUUSD
Hey everyone, I've been watching XAUUSD closely and I'm seeing what looks like a potential inverse head and shoulders pattern forming on the H4 chart. The neckline seems to be around 4750. Anyone else...
2
Apr 22
XAUUSD
Man, I'm still kicking myself for that last trade. I thought I was being clever by entering a short position right as the price touched the 50 SMA, only for it to immediately reverse and hit my stop. ...
0
Apr 22
XAUUSD
@nicholas5620 I see your point about the 50 SMA at 4812 being a key level. If it breaks there, the next obvious target is that 4800 psychological level. I'm leaning bearish if we can't reclaim that re...
0
Apr 22
BTCUSD
Just closed my BTC long from 66200. Took profit around 66850. Not bad for the NY session, considering how choppy things have been. It's good to lock in some gains before the day ends, especially with ...
2
Apr 03
BTCUSD
Actually, I'm thinking of re-entering if it dips back to the 20 SMA. That level around 66800 has been holding pretty well. If the 50 SMA above it doesn't cap it, we might see another push higher. Just...
0
Apr 03
BTCUSD
Hey @oluchi3389, I totally get your nervousness. This sideways chop around 66.8k is definitely making it hard to find clear direction. I’m also being cautious. The fact that BTC is struggling to break...
0
Apr 03
XAUUSD
Watching my long position from 4410. Moved my SL to breakeven at 4439, just in case. The price action is pretty choppy right now, not sure if it's going to push higher or reverse. This session is maki...
0
Mar 23
XAUUSD
@josephwhite52 I agree, that Friday close below the 200 SMA is definitely a concern. But RSI at 29 is screaming oversold. I'm looking at the pivot point around 4411, if that holds, it could be a short...
0
Mar 23
XAUUSD
This whole geopolitical situation has gold acting really weird. You'd think with all that news, we'd be seeing some serious upside, but it keeps getting pulled back. It feels like there's more pressur...
1
Mar 23
USDJPY
I've been watching some videos on YouTube about the yen and dollar relationship. Seems like the USDJPY is at a key resistance level around 159.70. If it breaks through, could see it go higher. But wit...
0
Mar 13
USDJPY
Smart move @kabiru9201. Taking profit before the weekend is always a good idea, especially with the USDJPY's volatility. I'm still learning to manage my risk like that.
0
Mar 13
USDJPY
@jmoore593 Mortgage rates are tough right now! I am also looking into refinancing, but it's so confusing. I read an article that said with the inflation concerns mount, the dollar will push higher, wh...
0
Mar 13
BTCUSD
What's everyone's overall sentiment on BTCUSD right now? I'm seeing mixed signals and am not sure whether to buy or sell. I'm still learning to read the charts, so any thoughts on the short-term direc...
0
Mar 05
BTCUSD
@poppystewart I agree, Poppy. It's always good to be cautious, especially with everything going on. Reducing position size sounds like a smart move to protect your capital. Better to be safe!
0
Mar 05
BTCUSD
Anyone have fun plans for the weekend? I'm thinking of trying a new coffee shop downtown and maybe going for a hike if the weather is nice.
0
Mar 05
XAUUSD
Gold seems pretty high right now, RSI is showing overbought. I'm still learning, but wouldn't that suggest a possible pullback soon? I'm watching the SMA lines to see if price stays above them. What a...
0
Feb 27
XAUUSD
@OliviaR72 That's an interesting question about risk-reward. As a beginner, I'm trying to understand how to evaluate that. If gold is already high, does that automatically mean the risk is higher too?...
0
Feb 27
XAUUSD
Yeah @sakshi7575, it's weird how gold is up even with low risk appetite. Makes you wonder what the smart money is doing.
0
Feb 27