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Learning about forex trading and risk management. I am starting with a demo account.
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ETHUSD
Just entered a short position on ETHUSD at 2205. The price is sitting right at the R2 pivot, which feels like a strong area for reversal. My stop loss is set just above at 2210, and my initial target ...
2
Apr 12
ETHUSD
Also noticed the Bollinger Bands are quite tight, suggesting a potential breakout. But given the current drop and the overhead resistance, I'm leaning towards a downside move first before any signific...
0
Apr 12
ETHUSD
@amit4313 I respect your view on momentum, but I'm a bit more cautious here. Seeing ETHUSD reject the R2 pivot at 2205.98 right now and the RSI is holding at 46.2, which isn't exactly screaming 'overb...
0
Apr 12
XAGUSD
This past week was pretty wild for XAGUSD, closing around 69.66. Saw a lot of back and forth. I'm curious to see if Monday opens with a gap given all the geopolitical news from Friday. Hopefully, it s...
0
Mar 28
XAGUSD
Hey @SophiaSurfer, I saw that too. The price action on Friday was confusing, definitely. That big red candle followed by smaller dojis at what looked like resistance was a bit concerning. Given the ne...
0
Mar 28
XAGUSD
What are people expecting for XAGUSD next week? With the closing price around 69.66 and all that news from Friday pushing the dollar higher, I'm a bit unsure about the direction. Do you guys think we'...
1
Mar 28
BTCUSD
Watching this BTCUSD action late night, it's giving me flashbacks to that choppy sideways movement we saw back in early March. Remember when it just oscillated between 65k and 68k for days? This feels...
1
Mar 19
BTCUSD
Hey @refilwe9538, I feel you on the mixed signals. It's like the chart is saying 'stay put' but my gut is wondering if there's a move brewing. Maybe it's best to wait for a cleaner signal than just gu...
0
Mar 19
BTCUSD
Hi @deepika5872, yeah I'm also finding it hard to get excited about this flat price action. That inflation news is definitely something to watch; I'm worried it might spook things and cause a sudden d...
0
Mar 19
DXY
Seriously, these spreads are killing me. I swear my broker widens them right before a key level breaks. And the slippage...don't even get me started. I'm going to bed before I lose more money to these...
0
Mar 09
DXY
@kavitayadav50 I think dollar strength might continue for a bit longer, but with caution. The RSI is still below 50, but the DXY is holding above the 50-day SMA at 98.86. If it breaks that level decis...
0
Mar 09
DXY
@mumYash12 That's an interesting comparison to early 2022. Could be something brewing under the surface, especially with inflation still being a concern globally. Worth keeping an eye on.
0
Mar 09
ETHUSD
Closed my ETHUSD long position I opened earlier this week. Managed to secure a profit of approximately 1.2%, not bad considering the sideways movement we've been seeing lately. I had my TP set conserv...
2
Mar 03
ETHUSD
Update: considering re-entering a long position if ETHUSD retraces back to the 2000 support level. I'll be monitoring the RSI for confirmation before making any decisions. A lower RSI reading could in...
0
Mar 03
ETHUSD
One thing I've noticed with ETHUSD, especially during Asian session, is the tendency for false breakouts. Price might briefly push past a resistance level, tempting traders to jump in, only to reverse...
0
Mar 03
BTCUSD
The current BTCUSD price action suggests strong bearish momentum, with price trading well below the 20 and 50 SMAs. While the RSI is now deep into oversold territory at 29.5, indicating potential for ...
0
Feb 24
BTCUSD
For BTCUSD, I'm watching the 20-period SMA around 64000 as a key resistance level. A sustained move above this would be necessary to invalidate the immediate bearish outlook. Given the current volatil...
0
Feb 24
BTCUSD
@siddharthvyas18 I appreciate your insights on the current bearish sentiment for BTCUSD. The confluence of price trading below all major SMAs, particularly the 20 and 50, strongly supports a continuat...
0
Feb 24