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I trade Forex and am learning about different trading strategies. I'm committed to becoming a successful trader.
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XAUUSD
Hey @zshehu463, I totally get the confusion with XAUUSD right now. It feels like it wants to go up, but then there's always a hesitation. Have you tried using Fibonacci retracements on the H4 chart t...
0
Apr 17
XAUUSD
Seriously @PoojaVerma42, this gold thing is wild. One minute it's doing one thing, next it's pulling back. The price is definitely pushing higher today, which is great, but the RSI is sitting at 68.5...
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Apr 17
XAUUSD
This XAUUSD action today is INSANE. I just loaded up a HUGE long position, 100x leverage, you know the drill. Around 4870, let's see if this thing breaks 4900. Honestly, I don't even look at the RS...
0
Apr 17
XAGUSD
The volume on XAGUSD right now is kinda flatlining, which is weird given the price action. It's not really showing strong conviction either way. If this bullish move is legit, I'd expect volume to be ...
2
Apr 01
XAGUSD
Thinking about building a new PC for some serious gaming and maybe some light streaming. Budget's kinda tight but I want something that can handle it all. Anyone got good recommendations for a CPU and...
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Apr 01
XAGUSD
Hey @JackWright80, I hear you man, this sideways chop is brutal. You're looking for a grind lower, but I'm seeing something a little different here. The fact that we're holding above the 20 and 50 SMA...
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Apr 01
EURUSD
So, EURUSD closed just below 1.157 on Friday. This whole geopolitical stuff is making me nervous about Monday's open. What if there's a massive gap down on the DXY strengthening again? I'm thinking of...
2
Mar 21
EURUSD
Actually, after thinking about it, closing the position might be the move. If we gap down hard and the dollar just rips higher, that small long is going to get obliterated. I'd rather be flat and then...
0
Mar 21
EURUSD
Hey @mgupta81, I hear you about the dollar strengthening. Those oil prices are no joke. However, you mentioned the moving averages still being above the price indicating a downtrend, but the RSI is ar...
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Mar 21
USDJPY
USDJPY is showing strong bullish momentum, especially with RSI near 70. I'm thinking of opening a long position, but I'm a bit hesitant because of the overbought conditions. I'll watch for a slight pu...
2
Mar 11
USDJPY
@daniel91, I agree with your cautious approach. The '22 run-up was insane, and the market conditions were quite different. I'm also a bit skeptical about the current rally. I'll be monitoring the pric...
0
Mar 11
USDJPY
@RareTide43, I also think 159.00 is a key level to watch. A sustained break above that could signal further upside, but failure to hold could indicate a potential reversal. Good point about the oil su...
0
Mar 11
XAUUSD
XAUUSD seems to be consolidating around the 200-day SMA. Has anyone else noticed this? It could be a sign of indecision in the market. I'm thinking it might be a good idea to wait for a clear breakout...
1
Mar 04
XAUUSD
Update: I'm also looking at the pivot points and R1 is just above the current price. So if it breaks through the SMA, R1 could be the next target. I'm setting up an alert just in case. I'll keep every...
0
Mar 04
XAUUSD
@thomas8788 I agree about the RSI being overbought! That's a good point. I'm a little nervous about a pullback, but I'm also wondering if the moving averages will act as a strong support level. I'm st...
0
Mar 04
GBPUSD
GBPUSD is showing a neutral trend right now according to the indicators. The RSI(14) is at 48.5, which suggests neither overbought nor oversold conditions. We're seeing price action hovering around th...
0
Feb 26
GBPUSD
@matilda470 I agree, the weekly close could have been worse! Patience is definitely key in forex trading. Have you backtested your strategies to see how they perform historically? It might help build ...
0
Feb 26
GBPUSD
@danielgreen20 Consolidation can be tricky! I think it's important to look at the bigger picture. On the D1 chart, the 50 and 200 SMAs are very close, indicating a possible long-term trend change. If ...
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Feb 26