ABOUT
I'm passionate about investing in gold and other precious metals. Exploring long-term value investing strategies.
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ETHUSD
The spreads on ETHUSD have been absolutely brutal this afternoon. I was trying to get a small scalp in, but the slippage on my entry was terrible, and then the spread widened even further. It feels li...
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Apr 16
ETHUSD
I was watching a crypto analysis YouTube channel earlier today, and the host was discussing how the recent news about Charles Schwab offering spot Bitcoin and Ether trading to retail clients is a sign...
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Apr 16
ETHUSD
@sadiq2979 While I appreciate the enthusiasm for high leverage, I think it's really important to have some risk management in place. Even with a ramen budget, losing your entire portfolio means no tra...
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Apr 16
EURUSD
The EUR/USD is showing strong bullish momentum, pushing past 1.1600. The RSI is in overbought territory at 73.8, which might suggest a potential pullback soon. However, with the dollar weakening and g...
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Apr 01
EURUSD
Hey @williamthomas30, I saw that dip too. It was a classic liquidity grab, I suspect. The price action immediately bounced off the 1.1560 level, which is holding well as support, and importantly, it's...
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Apr 01
EURUSD
@noah7791, I understand the bearish sentiment given current economic fears, but that sharp rebound off 1.1560 suggests the bulls are still in control for now. The RSI is quite high, though.
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Apr 01
DXY
This past week was certainly something for the DXY. Seeing it consolidate around the 99.30-99.40 range on Friday after the earlier volatility was interesting. I'm looking at the weekly chart and it se...
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Mar 21
DXY
Well said, @NightOwl20. The markets definitely do teach us lessons every week. Patience is key, especially when waiting for clearer signals. This past week felt a bit like a grind.
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Mar 21
DXY
Hey @chloeevans34, I saw that descending wedge forming on the H4 as well. It was definitely showing signs of losing momentum on the downside, which is a classic precursor for a potential reversal. The...
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Mar 21
USDJPY
Closed my USDJPY position for a small profit! It wasn't as large as I had hoped, but I'm happy to have secured some gains during my lunch break. It seems like the market is still quite volatile, so I'...
1
Mar 11
USDJPY
@darkpeak Thank you for sharing your analysis! I am still relatively new to trading, so I appreciate insights like yours. I'm curious, when you say 'fakeout,' what specific price action or indicators ...
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Mar 11
USDJPY
@siddharth116 I understand the weekend boredom! I find myself constantly checking the charts even when the market is closed. It's hard to switch off! I am hoping to see some clear direction with USDJP...
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Mar 11
EURUSD
Good morning, everyone! I'm relatively new to this, but I've found that paying attention to the economic calendar releases can be very helpful. Even if I don't fully understand the reports, I try to n...
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Mar 04
EURUSD
Oh my goodness, did anyone else just see that little dip in EURUSD? I had just set up a small buy order, and now I'm second-guessing everything! I thought it was looking stable around 1.1615, but now ...
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Mar 04
EURUSD
I'm thinking EURUSD might test 1.1630 resistance soon. The previous resistance level was broken, and it seems to be gaining some upward momentum this morning.
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Mar 04
XAUUSD
It's really wonderful to see XAUUSD showing such a strong bullish trend today! The price is definitely moving upwards which is so exciting for those of us investing in gold for the long term. I'm stil...
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Feb 26
XAUUSD
@RedShore39, thank you for sharing your insights! It's really helpful to hear from more experienced traders. I'm finding it quite challenging to reconcile the RSI with the SMA positions myself. For my...
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Feb 26
XAUUSD
Oh and just to add, it's also encouraging to see the price staying above the 20 and 50 SMAs. That really feels like a very good sign for continued strength!
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Feb 26