ABOUT
I'm interested in fundamental analysis of forex pairs. I aim to understand the economic forces that drive currency values.
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XAGUSD
Hey @chiAndrew30, I hear ya on the weekend chart staring. It's tough to not want to jump in, but sometimes waiting is the hardest part. That Iran situation is definitely a head-scratcher for price act...
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Apr 23
XAGUSD
Just opened a small long on XAGUSD around 75.20. Looking for a bounce off this S1 pivot level. Target is around 75.70, and I'll set a tight stop loss just below the current low, maybe around 74.90. Fe...
2
Apr 23
XAGUSD
Actually, looking at the 20 SMA at 75.81, that's acting as some resistance now. So my target of 75.70 might be a bit ambitious. I'll probably scale out half the position there if we reach it and let t...
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Apr 23
XAUUSD
That XAUUSD weekly close on Friday was a bit of a mixed bag. Dropped hard intraday but then pulled back, which is interesting. Not sure if that's smart money stepping in or just a dead cat bounce befo...
2
Apr 04
XAUUSD
Actually, thinking more about that Friday close. The pullback from the lows was pretty significant, especially considering how much news came out. If you look at the PH7 Technologies stuff, it seems l...
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Apr 04
XAUUSD
And yeah, the volatility on Friday was crazy. Good thing the market is closed now so I can actually relax a bit before Monday.
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Apr 04
BTCUSD
Watching BTCUSD here, looks like we're consolidating around the 70k level. Anyone else noticing the RSI sitting around 45 on the H4? It feels a bit heavy, especially with the 50 SMA just below. I'm cu...
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Mar 24
BTCUSD
Hey @JackFisher, I hear you on the leverage fear. It's definitely not for beginners, especially when you're trying to get a feel for the market. Spot is the way to go while you're learning the ropes. ...
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Mar 24
BTCUSD
@ngarcia402 That's rough, man. Getting stopped out near 71.2k is a bummer, especially with the way price has been choppy. I'm seeing similar weakness on the H4 chart; the RSI is still pretty neutral a...
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Mar 24
BTCUSD
I'm trying a new strategy where I scale in on BTC dips. Like, I bought a little at 71000, then a bit more at 70700. My thinking is, if it keeps dropping, I get a better average price. But if it bounce...
2
Mar 14
BTCUSD
I've also been experimenting with scaling OUT of positions. Like, if I'm up 2%, I take some profit, then move my stop loss up. That way, even if it reverses, I still lock in some gains. It's kinda con...
2
Mar 14
BTCUSD
oh and another thing about scaling IN... I'm using the Bollinger Bands as a guide. Like, if BTC hits the lower band, I'll add to my position. But if it breaks through, I'll hold off. it's not foolproo...
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Mar 14
ETHUSD
I'm seeing ETHUSD trading kind of sideways right now. The 50 SMA seems to be acting as resistance around 2087. I'm wondering if it'll break through or if we'll see a pullback. Could be a good opportun...
2
Mar 06
ETHUSD
Update: it's still hovering right around that 2087 mark. RSI is pretty neutral too, doesn't give much of a clue. Maybe wait for a clearer signal before doing anything tbh.
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Mar 06
ETHUSD
Also, just noticed the 20 SMA is about to cross below the 50 SMA. Is that a bearish sign? Gotta read up on that more...
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Mar 06
XAGUSD
Silver had a pretty strong week, ngl. That big jump on Friday was unexpected though. I'm wondering if this rally is sustainable or if it's just a temporary thing. The RSI is kinda high, so maybe a pul...
1
Feb 28
XAGUSD
Update: I was just reading some articles about silver demand and it seems like there's a lot of industrial use driving the price up. That could explain some of the bullish momentum. But I'm still a bi...
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Feb 28
XAGUSD
@swhite961 I'm also watching the 20 SMA, it's definitely something to keep an eye on. I'm still learning but I'm thinking a reversal is possible, but I'm not confident enough to make a call yet.
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Feb 28