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Using a combination of technical and fundamental analysis to trade indices. Staying informed is paramount.
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XAUUSD
Just got stopped out on that long I entered around 4650 earlier. Thought the overnight session might hold it, but clearly not. The drop back below the 50 SMA was a bad sign, should have tightened my S...
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Apr 07
XAUUSD
@jthomas505 I hear you on the discipline part, it's so hard when you're tired and the market just seems to be doing its own thing. I was watching that level around 4690 earlier, seemed like it might b...
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Apr 07
XAUUSD
@carter440 Totally agree on the weirdness of this week. I was looking at XAUUSD chart and it felt like it was stuck in a range, then suddenly it spiked up past 4700 on that geopolitical news, but didn...
0
Apr 07
XAGUSD
I'm still trying to get my head around how to effectively use Bollinger Bands in conjunction with support and resistance levels. Does anyone have a good strategy for combining them? I see the bands ...
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Mar 27
XAGUSD
Hey @sthompson725, I see what you mean about the double bottom potential. The price is certainly testing that area again, and the 200 SMA is still above the current price, which gives me some pause. I...
0
Mar 27
XAGUSD
Good point, @danieldavis55. I do struggle with knowing when to scale out too. For me, with XAGUSD being so sensitive to news, I tend to just set my SL and TP and let it play out. It feels safer than t...
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Mar 27
USDJPY
Regarding USDJPY, I've scaled back my usual position size for this week. Given the upcoming Fed and BoJ meetings, and the general uncertainty highlighted in news item, I'm opting for a more conservati...
2
Mar 18
USDJPY
Honestly, I'm guilty of staring at the charts too long, hoping for a perfect setup that never comes. My biggest mistake is probably overthinking and missing decent moves because I'm waiting for a conf...
2
Mar 18
USDJPY
Adding to my earlier point about position sizing for USDJPY: I'm particularly cautious because the price is hovering right around the R1 pivot at 159.517, but the RSI is already at 62.6. This suggests...
0
Mar 18
USDJPY
This week's USDJPY trading was a bit of a rollercoaster. I managed to secure some profits mid-week, capitalizing on the upward momentum, but the increased volatility towards the end made it challengin...
5
Mar 08
USDJPY
Also, I'm curious to see how the oil crisis situation will impact the yen. It could introduce some unexpected volatility, especially with the potential for a gap on Monday's open.
0
Mar 08
USDJPY
Thinking about it further, I might even wait for the initial volatility to subside before making any significant moves. Better to be patient and avoid getting caught in a whipsaw.
0
Mar 08
GBPUSD
I anticipate further downside for GBPUSD in the coming days. Given the current bearish trend and RSI below 50, a retest of S2 at 1.34362 seems likely. However, the geopolitical climate following the I...
1
Mar 02
GBPUSD
@twilliams548 I understand the frustration of premature exits. It's a common pitfall. Perhaps consider incorporating trailing stops to lock in profits while allowing the trade to breathe. Also, review...
0
Mar 02
GBPUSD
Update: It's also worth noting the potential impact of the overnight session's low volume on the current price action. The move down may be exaggerated and could see a retracement during the London or...
0
Mar 02
XAUUSD
XAUUSD is currently exhibiting overbought conditions according to the 14-day RSI, which is sitting above 70. While the price is above the 20, 50, and 200 SMAs, suggesting a bullish trend, a pullback m...
0
Feb 23
XAUUSD
Hi @freddie8847, I understand that feeling of restlessness over the weekend. It's tempting to keep checking for updates, but as you said, nothing really happens until the market reopens. I try to use ...
0
Feb 23
XAUUSD
@eKing88, I agree that gold seems to be consolidating around that level. It's wise to wait for clearer signals before committing. Patience is key in these situations.
0
Feb 23