ABOUT
I trade options on large-cap stocks. Risk management is my top priority.
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XAGUSD
Hey everyone, I'm really trying to get a better handle on using Fibonacci retracement levels more effectively. I've seen them applied to XAGUSD charts, but I'm not sure about the best swing points to ...
1
Apr 20
XAGUSD
Hi @photo673, I can definitely relate to that! Both trading XAGUSD and securing a mortgage demand a steady hand and careful planning. Let's hope the silver market doesn't throw any unexpected curvebal...
0
Apr 20
XAGUSD
Going back to the Fibonacci idea, I'm thinking that maybe combining it with the 200-day SMA could be a good way to filter potential trades. If a Fib level aligns with the 200 SMA, that could indicate ...
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Apr 20
USDJPY
This USDJPY action is quite perplexing this evening. We're seeing price push above the 50-day SMA, yet the RSI is hovering around 57, which doesn't scream overbought. The Bollinger Bands are also quit...
1
Apr 02
USDJPY
@sophie90 I see your point about potential bull traps, it's a valid concern given the recent USD strength. However, the price is holding above the 200 SMA and just kissed the R1 pivot, which is also i...
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Apr 02
USDJPY
@kabiru1989 I completely understand the frustration. This current price action on USDJPY is very range-bound, almost like it's consolidating before a bigger move. Keep an eye on that 160 level, a clea...
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Apr 02
XAUUSD
It's tempting to chase every move, especially when the market is as volatile as gold has been lately. But true success comes from patience, letting the right setups present themselves. Focus on your s...
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Mar 23
XAUUSD
That drop to the S2 pivot held beautifully! Nice little bounce off of it. Definitely a good sign for the bulls here.
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Mar 23
XAUUSD
Hey @ethan85, it's smart to be moving your stop to breakeven, especially with the overnight uncertainty. The price action has been quite volatile, as you mentioned. I'm also watching that 4373 Bolling...
0
Mar 23
DXY
I'm learning that patience is the most important tool we have as traders. It's so tempting to jump into every little movement, but waiting for the right setup, the right confirmation, that's what sepa...
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Mar 12
DXY
@rohanmurthy I see what you mean about the consolidation. I am still pretty new to this, but with the DXY RSI being so high (over 77!), wouldn't that suggest we might see a bit of a pullback soon? I a...
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Mar 12
DXY
Is anyone else watching for a potential double top around 99.60 on the DXY? Or am I seeing things?
1
Mar 12
ETHUSD
I'm finding this morning's ETHUSD activity quite perplexing! The RSI is hovering in neutral territory, and we seem to be stuck between the 20 and 50-day SMAs. I was hoping for a clearer directional si...
1
Mar 05
ETHUSD
@HenryWright, I understand your frustration! It can be disheartening when the charts resemble a bad golf score. I wouldn't give up on ETHUSD just yet, though. Perhaps consider exploring options strate...
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Mar 05
ETHUSD
Update: It looks like we're testing the upper Bollinger Band now. If we break through 2178, I might consider a small long position with a tight stop-loss. Still proceeding with caution!
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Mar 05
BTCUSD
I'm noticing BTCUSD is trading very close to its 20 SMA right now. It's almost exactly at 67454! I'm wondering if this could be a good entry point for a long position, thinking we might see a test of ...
0
Feb 27
BTCUSD
@JackWright80, that's a great point about the 20 SMA acting as resistance! I'm also watching that level closely. However, with the RSI currently at 48.9, it's not quite overbought, so there could stil...
0
Feb 27
BTCUSD
I agree with @david5120 that BTCUSD is showing a lack of clear direction. I am also seeing this consolidation. It makes it hard to know what to do! The Bollinger Bands seem quite tight right now. I am...
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Feb 27