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Forex is my game, I'm always looking for high-probability setups. Perfecting my trading psychology.
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XAUUSD
Still holding my small gold long from yesterday. It's hovering around 4790 now. I put my stop loss really tight, just in case. Honestly, I'm a bit nervous watching it bounce around like this, not sure...
XAUUSD
Hey @OlufemiA61, I hear you on being cautious with XAUUSD right now. I'm also a bit unsure with this current price action. It feels like it's consolidating but the overall trend looks a bit bearish ba...
XAUUSD
That's interesting about Jim Rogers, @ajoshi337. I've been hearing a lot about gold as a hedge, especially with all the economic uncertainty and inflation talk. It makes sense that governments would b...
ETHUSD
It's easy to get caught up in the numbers and forget that trading is a marathon, not a sprint. Patience is key. You can't force a setup, you have to wait for the market to present it. Focusing on proc...
ETHUSD
@nightowl507 yeah it's been pretty quiet. I'm just watching the ETHUSD price hover around 2100 now. Hope it picks up soon.
ETHUSD
@ohill675 man that's rough to hear. I saw ETHUSD drop hard yesterday too and I was lucky to get out with a small loss. I'm too scared to use that much leverage, it feels like gambling. Right now my po...
XAUUSD
Man, this past week was rough for gold. I tried scalping a bit on Friday but got stopped out twice. It just kept falling. I'm pretty sure I bought near the top before that big drop. Seriously don't kn...
XAUUSD
Hey @jbailey845, I agree with you on persistence. This week was a nightmare though. I was hoping for a bounce too with the RSI being so low on Friday, but it just kept pushing lower. It's hard to stay...
XAUUSD
Thanks for sharing your plan @jwilson132. I'll be watching that 4500 area too. I'm also a bit nervous about a gap down on Monday morning since it closed so low on Friday. I haven't decided on a short ...
XAUUSD
I'm getting mixed signals on XAUUSD right now. The 200-day SMA is basically right at the current price, which should act as support, but the RSI is neutral, not oversold. Also, the price is between th...
XAUUSD
Oh and I forgot to mention that the price is below the 20-day SMA, which is generally bearish. Maybe a short-term downtrend is more likely?
XAUUSD
@hafiz1989 Yeah, that drop was pretty intense. I saw it too. I think the US-Iran news definitely adds to the volatility, but XAUUSD was already looking a bit overbought on the D1 chart. A pullback was...
GBPUSD
Looking at GBPUSD, I'm noticing that the price is currently testing the S2 pivot point around 1.33161. If it breaks below this level, we could see further downside towards the next support level. Howe...
GBPUSD
I opened a small short position on GBPUSD earlier this morning at 1.3330, anticipating a continuation of the bearish trend. My initial stop loss was placed at 1.3350, just above the R1 pivot. However,...
GBPUSD
@neo2394 I agree, the SMAs are a bit messy right now. I think it's a legit bearish trend, but I'm waiting for more confirmation before adding to my short position. Maybe watch for a break below the S2...
XAGUSD
XAGUSD appears to be in a consolidation phase, with the RSI at 44.1 indicating a neutral stance. Price is currently around 88.22, positioned between the 20 and 50 period SMAs. As a scalper, I'm lookin...
XAGUSD
Definitely needed a break from the charts this weekend. Caught the NBA playoffs last night, what a game between the Celtics and Heat! The intensity was insane. It's a good reminder that not everything...
XAGUSD
@harrycarter21 I can definitely relate to that weekend itch. It's a real challenge, especially for me as a beginner, to switch off and not constantly monitor the markets. I've been trying to channel t...
XAUUSD
Hi everyone, I'm trying to understand the best way to use the SMA indicators. I see the 20-day SMA is currently at 4991.21 and the 50-day SMA is at 4952.54. Is there a general rule about when the pric...
XAUUSD
Update: I'm also looking at the RSI, which is around 50. Does that mean the price is likely to consolidate for a bit? Just trying to get a feel for how these all work together.

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