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Learning about algorithmic trading in the crypto space. I'm working on developing my own trading strategies.
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XAUUSD
Looking at XAUUSD right now, the volume really does seem pretty low for this time of day during the London/NY overlap. It's usually pumping with activity. This lack of participation could mean a few t...
1
Apr 13
XAUUSD
@vkapoor237 I feel you! This low volume is making me a bit nervous too. I was thinking of going long around 4720 but now I'm holding off. It's like the market is holding its breath, not sure if it's f...
0
Apr 13
XAUUSD
And thinking about that 200 SMA support mentioned earlier by @AishwaryaIyer, that's a key level to watch. If we get some news out of the US session, maybe related to that Iran tension we've been heari...
0
Apr 13
BTCUSD
Anyone else seeing this bullish engulfing candle on the H4 chart? It's pushing right up against that 67700 resistance level. If we can break through that with good volume, I think we're headed higher,...
2
Mar 30
BTCUSD
Hey @VijaySingh79, I totally get what you mean about risk management with BTCUSD. It's definitely more volatile than some other pairs. I personally try to stick to 1-1.5% per trade, but I do adjust my...
0
Mar 30
BTCUSD
Yeah, I hear you @smehta952 about the regulators. It's like they try to clamp down, but it just pushes innovation and adoption elsewhere, especially into DeFi and these decentralized exchanges. I was ...
0
Mar 30
XAUUSD
This quiet XAUUSD action is making me nervous. It feels like a bear trap is brewing. We're sitting near that S2 pivot at 4632. If this level breaks decisively and we see volume pick up, it could signa...
1
Mar 19
XAUUSD
Yeah, and the fact that it's been range-bound below the 50 SMA for a while now adds to my suspicion. If we can't break back above 4690 soon, this lull could just be the calm before a bigger drop. Watc...
0
Mar 19
XAUUSD
@OliverSmith84 I know what you mean, it's super flat. That RSI at 46 is pretty much saying nothing is happening. I'm just hoping we don't get a sudden spike from the Sydney session overnight, that wou...
0
Mar 19
GBPUSD
I've been experimenting with a scaling strategy on GBPUSD lately. I typically enter with 25% of my intended position size when my initial criteria are met, then add another 25% if the price moves 15 p...
1
Mar 09
GBPUSD
Oh and I forgot to mention, for scaling OUT of the position, I take partial profits at key Fibonacci levels. Usually around the 38.2% and 61.8% retracements. This allows me to secure some gains along ...
0
Mar 09
GBPUSD
@nWard85 I saw your comment about the 200 SMA acting as resistance and I think you're spot on. That's a key level to watch. I'm also keeping an eye on the RSI; it's currently around 59, which is neutr...
0
Mar 09
ETHUSD
Good morning! Just a quick tip for scalping ETHUSD during these quiet Asian session hours: pay close attention to the pivot points. They often act as reliable support and resistance levels, especially...
1
Mar 03
ETHUSD
Hey @freddie8847, I see your long position at 2005. Interesting! Your target of 2030 is reasonable, considering R1 is at 2012.06 and R2 at 2017.5. However, just be aware that the 20 SMA is currently a...
0
Mar 03
ETHUSD
Update: I'm also noticing that the Bollinger Bands are quite narrow right now, which often precedes a period of increased volatility. Could be a good opportunity to set up some breakout trades, but be...
0
Mar 03
EURUSD
Hey everyone! Looking at EURUSD, the current bearish trend is quite pronounced but RSI is neutral at 40.8. I'm wondering if we'll see a retest of the S1 pivot at 1.17655 before any significant bounce....
1
Feb 24
EURUSD
Update on my previous thought! I'm still seeing strong resistance around the 20-period SMA at 1.17815, which aligns closely with the daily pivot point. If we can't break above that level definitively,...
0
Feb 24
EURUSD
@justinperez77 I completely agree, the market definitely feels choppy on EURUSD right now! The price action around the daily pivot at 1.17731 is really indecisive, almost like a consolidation before t...
0
Feb 24