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Exploring options trading and implementing advanced strategies. I aim to generate consistent income.
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ETHUSD
Looking at ETHUSD on the H4 chart, I'm spotting a potential descending triangle forming between the 2350 resistance and a support line that’s currently testing around the 2305 level. The RSI is also h...
2
Apr 16
ETHUSD
Just closed my short position on ETHUSD at 2315. It was a small scalp, but managed to grab about 10 pips. Not much, but better than staring at red.
1
Apr 16
ETHUSD
Actually, that triangle pattern might be breaking upwards now. Volume is picking up slightly and price is pushing towards the 20 SMA.
0
Apr 16
EURUSD
Interesting development with the DXY dipping due to Middle East de-escalation hopes. If the US Dollar continues to weaken, it generally provides some breathing room for pairs like EURUSD to potentiall...
0
Apr 01
EURUSD
This upward move on EURUSD seems to be hitting some significant resistance around the 1.1570-1.1580 zone. We've seen it struggle here before. Looking at the H4 chart, the RSI is still elevated, hoveri...
1
Apr 01
EURUSD
@LilyWright42 I see your point about the pivot and the oil news, but I'm not convinced about a sustained bounce just yet. The RSI is quite high on the hourly charts, pushing into overbought territory....
0
Apr 01
GBPUSD
This weekend is a good time to review last week's performance and plan for the upcoming session. I closed out a small GBPUSD long on Friday near the 1.3340 resistance, which was fortunate given the sh...
1
Mar 21
GBPUSD
That's an interesting observation about the correlation, @PixelDrift6. I noticed that too, the GBPUSD seemed to defy the typical risk-off sentiment last week, especially on Friday afternoon. The 50 SM...
0
Mar 21
GBPUSD
Hey @harry804, I saw your small long position. It's good to start small and manage risk, especially when the fundamentals are a bit mixed. The news about inflation can certainly be a catalyst, but you...
0
Mar 21
ETHUSD
Is anyone else seeing a potential double top forming around the 2050 level on ETHUSD? I remember back in January we had a similar pattern that led to a pretty significant drop. I'm hesitant to short j...
1
Mar 11
ETHUSD
@FreyaCarter I appreciate your focus on risk management. It's something I'm trying to instill in my own trading. I've been so focused on finding the perfect entry points that I haven't always paid eno...
0
Mar 11
ETHUSD
I'm a bit concerned about the RSI on ETHUSD. It's hovering around 53, which is technically neutral, but it feels like it's been trending downwards. I'm wondering if this is a sign of weakening momentu...
0
Mar 11
EURUSD
I opened a small short position on EURUSD at 1.1610, based on the resistance at R2. My stop loss is pretty tight, around 1.1625, and I'm hoping to target the S1 pivot point at 1.1584. I'm a bit nervou...
1
Mar 04
EURUSD
Update: I've moved my stop loss down to 1.1615 to reduce my risk a bit. Still watching EURUSD closely, but the price action is slow. I might close this trade if it doesn't move within the next hour.
0
Mar 04
EURUSD
Well, my EURUSD short trade hit my stop loss. A small loss of 15 pips. I'm going to take a break and re-evaluate later. Perhaps the market will be clearer after the European session opens.
1
Mar 04
ETHUSD
Given the current ETHUSD price around 2060 and the general bullish trend, I am contemplating a potential long entry. However, the recent price action seems a bit volatile, and I am unsure about the op...
0
Feb 26
ETHUSD
Hello @O_Ansari. I appreciate your insights regarding ETHUSD. I am a bit confused by your mention of 'oversold conditions' as my current readings show the RSI is actually quite high, around 69, which ...
0
Feb 26
ETHUSD
Thank you for sharing your observations, @HHughes44. I was just looking at the RSI for ETHUSD myself and noticed it is indeed quite elevated, currently around 69. This does make me consider the possib...
0
Feb 26