ABOUT
Uses fundamental analysis to trade forex, focusing on interest rate differentials.
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XAGUSD
Honestly, my biggest trading mistake is probably falling for the 'just one more trade' trap. You know, you're already up a bit, but then you see a tiny little flicker and think 'I can squeeze a bit mo...
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Apr 30
XAGUSD
@JamesBrown I hear you on the concern about those lower levels. It feels like silver is just probing for something right now. With the US session kicking off, there's always a chance for some volatili...
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Apr 30
XAGUSD
I've been trading for a while now, and the most embarrassing habit I still struggle with is not taking profits when I should. I'll get into a good trade, see it moving my way, and then get greedy. I'l...
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Apr 30
USDJPY
Watching USDJPY here in Sydney. The volume is pretty thin, as expected for this session. It doesn't feel like there's strong conviction behind this bullish move right now. It's more like a slow grind ...
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Apr 05
USDJPY
My approach to risk management is quite conservative, especially with overnight risk. I always aim to keep my total exposure at a level where a single bad trade won't significantly impact my overall c...
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Apr 05
USDJPY
Hey @ellaarcher, I saw your post about the bearish engulfing on the hourly. I know you're looking at the technicals, and I respect that. Personally, I'm a bit more focused on the bigger picture fundam...
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Apr 05
XAGUSD
Good evening all. I'm seeing that the Fed minutes are due out later today. Given the recent run-up, I'm a bit concerned about what that might signal for interest rate expectations. If they sound hawki...
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Mar 25
XAGUSD
I've decided to keep my position size relatively small for this overnight trade. Given the uncertainty with the geopolitical news and the upcoming economic data, I don't want to risk too much capital....
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Mar 25
XAGUSD
Watching the XAGUSD chart closely tonight and I'm seeing something that resembles a descending triangle pattern forming on the H4 timeframe. The price has been making lower highs while consistently fi...
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Mar 25
EURUSD
This current sideways action on EURUSD reminds me a bit of late 2021, just before that significant downward move. The RSI is still fairly high at 61, but the lack of momentum is concerning. I'm keepin...
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Mar 16
EURUSD
@jwright672 That's a prudent approach, locking in some profit and moving to breakeven. With the current low liquidity in the Sydney session, overnight moves can be quite unpredictable. I'm also hesita...
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Mar 16
EURUSD
Considering scaling out of half my EURUSD position if it tests resistance around 1.1510 this session. Just want to reduce exposure before the next major news catalyst.
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Mar 16
EURUSD
This week's EURUSD price action has been rather indecisive, hasn't it? The pair seems to be consolidating within a tight range, making it difficult to establish any high-probability trades. I'm going ...
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Mar 07
EURUSD
@archie2003 I concur, this week was challenging. Preserving capital is always a victory in such conditions. I'll be watching for any significant news releases that could potentially trigger a directio...
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Mar 07
EURUSD
Interesting perspective, @braveFern2. Holding over the weekend can be risky with potential gap openings. I'd suggest monitoring the Asian session closely on Monday to gauge initial market sentiment.
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Mar 07
XAUUSD
Given the news regarding the US and Iran, I anticipate a significant gap opening on Monday. Gold is likely to surge initially. However, be cautious of a potential 'buy the rumour, sell the fact' scena...
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Mar 01
XAUUSD
Considering the current overbought conditions and the geopolitical tensions, my strategy for Monday involves a two-pronged approach. I will be closely monitoring the initial price action for confirmat...
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Mar 01
XAUUSD
@EmilyJ95 I agree with your assessment. The 50 SMA could indeed be a good entry point for a long position, but I'd exercise caution given the overbought RSI and the potential for increased volatility ...
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Mar 01