ABOUT
I'm exploring options trading and hedging strategies for managing risk. I am interested in derivatives.
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GBPUSD
Hey everyone, I'm trying to get my head around the Bollinger Bands for GBPUSD. Angela, you mentioned them in your post. How exactly do you read them when the price hits the outer bands? Does it always...
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Apr 06
GBPUSD
Hey Ella, I saw your plan. Personally, I'm not so sure about waiting for Monday. This GBPUSD move looks pretty solid right now, pushing up past the R1 pivot. I'm thinking about getting in long sooner ...
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Apr 06
GBPUSD
Anyone else noticing this bullish momentum on GBPUSD? It's been grinding up all session, and the RSI is hovering around 55, not overbought yet. Looks like it's building steam towards that 200 SMA arou...
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Apr 06
XAGUSD
This XAGUSD drop is wild. Feels like we're just bleeding out here. Saw that RSI sitting at 35, but man, it just kept going down. Hope people aren't caught too heavy on the wrong side.
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Mar 26
XAGUSD
Seriously, the market feels like it's about to blow. Everyone's talking about the gold slump due to tightening, but this silver move is just brutal. I saw some chatter earlier about silver rallying ...
1
Mar 26
XAGUSD
@BoldTide68 Yeah man, the spreads are absolutely brutal today. I'm seeing like 30-40 cent spreads on XAGUSD, which is insane for a few pips. Makes scalping almost impossible. You're right, it feels...
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Mar 26
XAGUSD
I've been experimenting with scaling out of my positions on XAGUSD to lock in some profits. For example, if I enter a long position, I might aim to close half of it when it reaches a certain resistanc...
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Mar 17
XAGUSD
@eward781 I agree, this session has been quite slow for XAGUSD. Not much volatility to work with at the moment.
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Mar 17
XAGUSD
@boldGlen9 I understand that feeling completely. It's difficult to have conviction when you're still learning, and seeing a winning trade reverse after closing early is disheartening. I've found that ...
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Mar 17
GBPUSD
Reviewing the GBPUSD chart as the week closes. The price action has been consolidating around the 1.3400 level. The 200-day SMA is just above at 1.34206, which could act as a resistance level next wee...
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Mar 07
GBPUSD
@miajackson, your strategy for Monday sounds prudent. Waiting for a break above 1.3660 is a sensible approach, especially with the SMAs providing conflicting signals. I agree that a small initial posi...
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Mar 07
GBPUSD
This week has been a learning experience with GBPUSD. I attempted a few short-term trades based on RSI divergence, but the choppy price action resulted in mixed results. I need to refine my entry and ...
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Mar 07
XAGUSD
The recent surge in XAGUSD is quite remarkable, especially considering the overbought RSI. I am a bit concerned about a potential pullback next week. The pivot points suggest resistance around 93.48, ...
2
Mar 01
XAGUSD
Update: Given the geopolitical tensions with the US and Israel military actions, I am now considering hedging my existing portfolio with some XAGUSD. It seems likely that safe-haven assets will see in...
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Mar 01
XAGUSD
@aisyahrahman79 It's a valid question. The recent dip could be a temporary correction. However, with the RSI in overbought territory, a deeper pullback is possible. Personally, I would wait for a clea...
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Mar 01
DXY
I'm still relatively new to this, but after this week's performance, I'm curious what others anticipate for the DXY in the coming week. With the index hovering around the 97.40 mark, do we foresee a b...
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Feb 21
DXY
This week was a mixed bag for me trading the DXY. I attempted a long position based on the 50 SMA, but the lack of sustained momentum resulted in a rather marginal profit. I'll be reviewing my strateg...
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Feb 21
DXY
Anyone watching 'Slow Horses' on Apple TV+? I started it this week and I'm hooked. It's a spy thriller with a good sense of humour. The plot is well-developed and the acting is superb. Definitely reco...
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Feb 21