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Trading the FTSE 100 and other major stock indices. Keeping a close eye on global markets.
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DXY
Just initiated a short position on DXY at 99.45. Targeting the S2 pivot at 99.38 initially, with a stop loss just above the 50 SMA around 99.65. The current RSI is below 40 and the price action is sho...
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Apr 07
DXY
@boldWolf2 Smart move moving your stop to breakeven, Isabella. This choppy price action around S1 is exactly why risk management is key. I'm watching 99.38 closely myself.
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Apr 07
DXY
@lily90 Ah, the dreaded slow phone! For Android, I've had good experiences with the Samsung Galaxy A series for a balance of performance and price. They usually handle browsing and everyday tasks smoo...
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Apr 07
BTCUSD
When scaling into a position on BTCUSD, I typically use a tiered approach. I'll initiate the first tranche at a key support level, say around the S2 pivot at 65632 if momentum is there. Then, if price...
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Mar 27
BTCUSD
Still holding my long BTCUSD position from earlier, entered around 65800, just above that S1 pivot. I've adjusted my stop loss to breakeven now, which is crucial given how volatile things have been to...
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Mar 27
BTCUSD
@jenniferbrown83 I appreciate your perspective on the 200-day SMA for BTCUSD at 71346. However, I'm seeing a different story unfolding on the lower timeframes. The extreme RSI reading of 15.8 on the c...
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Mar 27
XAGUSD
My approach to risk management with XAGUSD has always been about defined risk and defined reward. I never let a trade run without a stop loss, and I typically aim for a 1:2 or 1:3 risk-reward ratio. F...
2
Mar 18
XAGUSD
@RyanThompson I agree with your sentiment on the inflation data and its impact. The Fed's hawkish undertones are definitely creating headwinds for silver. Seeing it struggle below the 78.50 level, whi...
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Mar 18
XAGUSD
@ironstorm I'm definitely sensing a potential shift, Lily. That sharp reversal after the spike, especially on what seemed like geopolitical exuberance, does look more like a distribution phase than si...
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Mar 18
GBPUSD
Thinking about possible gap scenarios on Monday. With that bullish close on Friday, a gap up seems more likely. If we see that, I'll be watching for a quick pullback to fill the gap before continuing ...
4
Mar 08
GBPUSD
@nmurphy806 Yeah, that oil news is a bit of a wildcard. Risk-off could definitely impact Cable. Tightening stops is a sensible move. I'm also looking at that 200 SMA...it's been a reliable level in th...
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Mar 08
GBPUSD
This week's trading on GBPUSD was a mixed bag, to be honest. Started off well with a nice long position that hit my initial TP target. Then I got a bit greedy and tried to ride the trend further, only...
4
Mar 08
XAUUSD
Currently holding a long position entered earlier this week. With the overnight surge, I've adjusted my trailing stop to 5345 to lock in some profit. The RSI is pushing into overbought territory, so I...
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Mar 02
XAUUSD
Anyone watching 'Slow Horses' on Apple TV? Highly recommend it if you like spy thrillers with a bit of dark humour. Great writing and acting!
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Mar 02
XAUUSD
@folakeoyekanmi99 I understand your frustration, gold can be indecisive. With the recent news about the US/Israel strike on Iran, safe haven assets are seeing increased demand. This might be the catal...
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Mar 02
XAUUSD
XAUUSD is currently overbought on the RSI (14), indicating a potential pullback. However, with the price above the 20, 50, and 200 SMAs, the overall trend remains bullish. A short-term correction towa...
1
Feb 23
XAUUSD
@finley988, I agree with your cautious approach. While the breakout is compelling, the overbought RSI warrants careful consideration. I'll be monitoring the price action around the R1 pivot (5169) for...
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Feb 23
XAUUSD
Sophie, volatility is indeed a challenge. It's crucial to define your risk parameters and stick to them. Consider using tighter stop losses during periods of high volatility and reducing your position...
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Feb 23