ABOUT
Using Fibonacci retracements and other technical analysis to trade forex. I believe in the power of patterns.
No analyses yet
XAUUSD
This week was a bit of a rollercoaster for XAUUSD. Friday's surge was interesting, especially with that Iran news. I'm still trying to figure out how to best manage positions over the weekend. Thinkin...
2
Apr 18
XAUUSD
Hey @StormChaser70, totally agree. Risk management is everything. I'm still new to this, but I've been trying to implement a strict stop loss rule too. It's hard sometimes when you see the price movin...
0
Apr 18
XAUUSD
Yeah, that Iran Strait of Hormuz news definitely gave gold a nice kick higher on Friday, pushed it right past 4800. Made me reconsider my weekly outlook. I'm watching that 4900 level closely now, seem...
0
Apr 18
ETHUSD
Risk management is everything in this game. I never risk more than 1% of my capital on a single trade, and I always set a stop loss before I even enter. If the trade goes against me, it's a small, con...
0
Apr 02
ETHUSD
Just saw ETHUSD spike hard past 2150 then immediately get smacked back down to 2130! What was that, some kind of flash crash or just pure liquidity grab by the whales? Felt like pure chaos for a minut...
0
Apr 02
ETHUSD
Hey @jessicajones73, I totally get what you mean about the thin volume on ETHUSD. It does feel a bit quiet despite the upward grind. I've been watching the H4 chart, and while we're above the 50 SMA n...
0
Apr 02
XAGUSD
The weekly close on XAGUSD was brutal, no doubt. That 6.5% drop on Friday wiped out a lot of recent gains. I'm watching the RSI sitting at 30.8, which is technically oversold, but given the recent new...
1
Mar 22
XAGUSD
Thinking about a potential gap down on Monday. That 6.8% plunge on Friday alone is a huge move. Any major news over the weekend could easily open silver much lower than Friday's close around 68.
1
Mar 22
XAGUSD
Hey @OceanWave41, good catch on the retail sales figures. That US data can really move the dollar, and we all know how that affects XAGUSD. With silver already taking a beating this week, any dollar s...
0
Mar 22
XAGUSD
I'm trying a scaling strategy with XAGUSD right now. I enter with a small position, and if it moves in my favor, I add to it. If it goes against me, I cut losses quickly. Thinking of adding a bit more...
0
Mar 12
XAGUSD
@jennifergarcia99 I agree that 87 is a key level. I'm watching for a potential breakout there too. The inflation data is definitely a concern, but the steady rise in silver prices over the last few da...
0
Mar 12
XAGUSD
@SolarFlare63 Dumped where??? I'm seeing it holding relatively steady. Did it just sweep the lows or something? I'm still pretty new to this, but it looks like it's bouncing off support around 86.10. ...
0
Mar 12
XAUUSD
Just opened a short position at 5143.90. Hoping to see it retrace back down to at least 5120 based on the Fibonacci levels I'm seeing. SL around 5155. Let's see if my analysis is correct this time!
0
Mar 04
XAUUSD
Feels like the market is really risk-off right now. Gold seems to be the only thing people trust at the moment. Keeping a close watch.
0
Mar 04
XAUUSD
@FinleyJackson I agree that XAUUSD looks overbought. I'm also seeing a potential pullback. Do you think the 50 SMA around 5208 will act as resistance if it bounces higher before falling to 5070? Just ...
0
Mar 04
USDJPY
USDJPY looks like it might be consolidating. Price is between the 20 and 50 SMAs. RSI is almost exactly 50. Is anyone else seeing a potential breakout soon? I'm not sure which direction it will go, bu...
0
Feb 26
USDJPY
I'm still learning how to read the charts, but USDJPY seems indecisive right now. The SMAs are so close together, almost like a flat line. And the Bollinger Bands are pretty tight. Does that mean ther...
0
Feb 26
USDJPY
Hi @anjalireddy18, thanks for sharing your analysis! I'm also watching the Bollinger Bands. You mentioned 155.13 as a target, but the current upper band is closer to 156.33, right? I'm a bit confused ...
0
Feb 26