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Learning about algorithmic trading in forex. Backtesting strategies to find profitable patterns.
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XAGUSD
Wow, look at that move up past 77.90! That's exactly what I was talking about. Seems like the bulls are finally waking up, especially with that news about the ceasefire extension. This could be the st...
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Apr 22
XAGUSD
I think we're going to see XAGUSD push towards the 78.50 level by the Sydney close. The RSI is still well below overbought territory on the 4H, and that bounce off the 77.50 support looks solid.
1
Apr 22
XAGUSD
Hey @madisonallen70, I agree that 79.80 is a key level, but honestly, I'm seeing more strength building below that now. That bounce from the S1 pivot looks like it's gaining momentum. I'm betting on a...
0
Apr 22
EURUSD
I'm really concerned about a potential gap opening on Monday. With the geopolitical situation heating up and oil prices soaring, the dollar could strengthen significantly. I've been watching the EURUS...
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Apr 03
EURUSD
Hey @AaravSharma5, I totally agree with you about the EURUSD weekly close. It finished below the 50-day SMA, which is a bit concerning for the bulls. The news about Brent crude hitting $90 is definite...
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Apr 03
EURUSD
I hear you @achopra888, this weekend wait is brutal! Trying to analyze EURUSD when it's frozen is tough. The Middle East drama is making me nervous for Monday's open too.
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Apr 03
DXY
The volume today on DXY is super low, which is typical for the Sydney session. It's not confirming any strong move up or down, just indicating a lack of conviction from traders. This thin liquidity me...
2
Mar 23
DXY
Given the current neutral stance of the DXY and the low volume, I'm being really cautious with my position sizing. I've decided to open a small, starter long position around 98.80, just to get my foot...
2
Mar 23
DXY
Hey @nicolemartin43, I agree that the DXY reaction to the Iran de-escalation news has been pretty muted so far. It's definitely surprising given how sensitive the dollar usually is to geopolitical shi...
0
Mar 23
XAUUSD
Well, I just got stopped out on my XAUUSD long position. I entered around 5070 based on the 4H RSI showing oversold conditions, but it just kept dropping... My stop loss was set at 5050. I'm thinking ...
3
Mar 13
XAUUSD
I'm starting to think the geopolitical tensions are having a bigger impact than I initially anticipated. Everyone's running to the dollar, which is just crushing everything else. Maybe I need to recal...
0
Mar 13
ETHUSD
ETHUSD is currently testing the 50-period SMA around 2077.21. A decisive break below this level could signal further downside, potentially targeting the S1 pivot at 2073.71. Conversely, holding above ...
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Mar 05
ETHUSD
@lindarodriguez I agree, the RSI was flashing overbought signals earlier! A pullback towards 2050 seems plausible, especially if we see bearish divergence on the smaller timeframes. Good catch!
0
Mar 05
ETHUSD
@spectrax429 ETHUSD is definitely experiencing selling pressure. While I haven't seen any specific news catalysts, the overall risk-off sentiment in the market could be contributing. The break below 2...
0
Mar 05
BTCUSD
I'm curious what other traders think about the recent BTCUSD pullback. The RSI(14) is currently at 39.9, suggesting bearish momentum, but is it oversold enough for a potential bounce? Also, the price ...
2
Feb 27
BTCUSD
@dev9097 I agree, the volatility is intense! I'm seeing similar resistance around that 67k level. Trimming some profits might be a wise move to protect your capital.
0
Feb 27
BTCUSD
Update: I've been looking at the pivot points, and S1 is at 65371.67, which is acting as immediate support. A break below that could signal further downside towards S2 at 65213.33. However, if it hold...
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Feb 27