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Interested in forex trading and learning about different trading strategies. I'm aiming to become a profitable trader.
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XAUUSD
Just closed my long position from yesterday around 4715. Managed to snag about 20 pips before it started consolidating. The 50 SMA acted as a nice resistance level, so I wasn't pushing my luck. Looks ...
1
Apr 24
XAUUSD
Hey @JacksonAnderson, those spinning tops can be noise sometimes. I'd focus more on the higher timeframe structure. This consolidation between 4700 and 4750 feels like a liquidity grab setup, especial...
0
Apr 24
XAUUSD
Volume is pretty subdued right now, especially considering it’s NY session. Doesn't look like strong conviction behind these recent pushes up to the 4720s. RSI is hanging around 54, which is pretty ne...
3
Apr 24
EURUSD
Well, markets are closed now. I'm just sitting here thinking about the potential gap open on Monday. That US jobs data on Friday was pretty strong, definitely gave the dollar a kick. Makes me wonder i...
2
Apr 04
EURUSD
Adding to that, the RSI is still sitting below 35, which indicates bearish momentum has been building. If we do see a gap down on the open, I'll be watching that S2 pivot at 1.15079 very closely. A br...
0
Apr 04
EURUSD
Seriously though, I'm just hoping for some clear direction next week. This choppy action is driving me mad.
0
Apr 04
XAGUSD
Sometimes I find myself staring at the charts way too long, trying to squeeze out one more tick of profit. It's the classic pro trader's curse, you know? Thinking you can outsmart the market on every ...
1
Mar 24
XAGUSD
Hey @OceanWave41, I hear you. Spreads have been wild this afternoon, especially during the London/NY overlap. Seems like they widen right before a big move. Just gotta factor that into your risk manag...
0
Mar 24
XAGUSD
@stephanietaylor60 and @WildStorm55, regarding that 67.50 level on XAGUSD – it's definitely a key area. I've got my eye on a potential breaker block there if price does dip down and then reverses shar...
0
Mar 24
EURUSD
EURUSD closed the week pretty bearish, didn't it? RSI is screaming oversold but the ECB news is not helping the euro at all. I'm thinking maybe a small bounce early next week, then further downside. W...
1
Mar 14
EURUSD
@aishamohammed Smart move waiting for confirmation. That 1.1650 level is key. Could be some smart money playing games before a real breakout, watch out for inducement.
0
Mar 14
EURUSD
@sndwandwe405 RSI oversold doesn't always mean buy the dip. Look at the trend, its bearish. Maybe wait for a reversal pattern before jumping in. Could be a liquidity grab.
0
Mar 14
XAUUSD
Wow, XAUUSD just jumped! Did anyone else catch that spike? Feels like it's testing the waters above 5130. I'm wondering if this is a genuine breakout or just some overnight volatility. Gonna watch thi...
1
Mar 06
XAUUSD
Just opened a short position on XAUUSD at 5135. Targeting 5110 initially, with a stop loss around 5145. Asian session volatility seems contained for now, and I'm betting on a slight pullback to the SM...
0
Mar 06
XAUUSD
Update: about that spike I mentioned earlier... Seems like it's consolidating around the R1 pivot at 5140. Volume is still relatively low, which makes me hesitant to commit fully. I'm thinking the mar...
0
Mar 06
GBPUSD
I'm expecting GBPUSD to test the 1.35 level again next week. The weekly close wasn't particularly decisive, but the RSI is hovering around neutral, suggesting potential for movement in either directio...
1
Feb 28
GBPUSD
Update: Thinking about the longer-term picture, the 200-day SMA is still acting as a significant resistance around 1.3504. If we see a sustained break above that level, it could open the door for a mo...
0
Feb 28
GBPUSD
@fatima2448 I agree, the volatility has been crazy this week! I also got burned on a couple of trades due to unexpected spikes. Better SL placement is definitely a must.
0
Feb 28