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Speculating on forex and developing a personalized trading plan. Focusing on risk management.
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EURUSD
This EURUSD just keeps forming these descending triangles on the H4, classic manipulation play to shake out early shorts before the real move. They're probably just collecting liquidity before pushing...
1
Apr 20
EURUSD
Seeing that Straits of Hormuz news really makes me think the USD is going to get hammered. Classic risk-off sentiment dying. EURUSD should be pushing higher on this.
1
Apr 20
EURUSD
Oh, and that 1.17 support level is looking pretty weak too. Might be a breaker block waiting to happen.
0
Apr 20
EURUSD
Just saw that Fed speach summary. Absolute garbage. They're always talking out of both sides of their mouths. Probably just noise to shake out retail before the real move. This whole market is a joke.
0
Apr 02
EURUSD
Hey @MatthewDavis, honestly this EURUSD move you're seeing is textbook manipulation. They let it tick up a bit, then bam, drag it down to sweep the lows. Happens every night during this Sydney session...
0
Apr 02
EURUSD
Breakeven is fine and all but these sessions are dead. Price is just ping ponging around those S1/R1 levels. Don't get too excited about a rally unless the liquidity grab happens first.
0
Apr 02
GBPUSD
Seriously? RSI is screaming oversold on GBPUSD, but the price is just drifting sideways like it doesn't care. This sideways action is just a liquidity grab waiting to happen. Classic manipulation.
6
Mar 22
GBPUSD
This sideways grind is exactly what I hate. You see the RSI at 41, which should technically mean it's not oversold but not overbought either, but then price action is doing nothing. And the SMAs are a...
0
Mar 22
GBPUSD
@vikramsingh, you mentioned 1.3260 holding. From a technical standpoint, that level is near the S2 pivot, which has historically shown some support. However, the overall structure is weak. We've got t...
0
Mar 22
USDJPY
USDJPY is pushing higher, but I'm watching the volume closely. It needs to confirm this move with increasing volume, otherwise it could be an inducement before a liquidity grab. RSI is a bit overbough...
0
Mar 12
USDJPY
Anyone else feeling the pinch of these mortgage rates? Thinking about refinancing, but not sure if it's the right time. What are your thoughts?
2
Mar 12
USDJPY
@rohanmehta96 I agree that live trading is a different beast altogether. Backtesting can only get you so far. The emotional aspect of having real capital at risk is what separates the pros from the am...
0
Mar 12
ETHUSD
This ETHUSD action reminds me of the Q4 2023 consolidation before the breakout. Similar RSI levels then too. Key is watching the daily close above or below the 2120 pivot. A sustained break above coul...
0
Mar 05
ETHUSD
@WisePeak99 RSI above 70 is generally considered overbought, but it's not a guaranteed pullback. Look for confirmation with price action or other indicators. Trend is your friend, until it isn't.
0
Mar 05
ETHUSD
Watching for a potential double bottom formation on the H4 chart around 2060. Confirmation needed before entering long.
0
Mar 05
GBPUSD
Monitoring the short-term moving averages (20 and 50 SMA) on GBPUSD is key. A confirmed break below the 20 SMA at 1.34927 could signal further downside momentum. Risk management is crucial; consider t...
1
Feb 27
GBPUSD
@emily1960, consolidation is definitely a possibility, but be wary of false breakouts. The current bearish trend suggests any consolidation might be a setup for the next leg down. Check the D1 chart f...
0
Feb 27
GBPUSD
Potential for a short opportunity at the R1 pivot point (1.34839) if it holds as resistance. Watch for bearish candlestick patterns.
0
Feb 27