ABOUT
I'm a swing trader in the forex market, focusing on major currency pairs. I use a combination of technical and fundamental analysis.
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ETHUSD
This sideways action in ETHUSD is eerily similar to that choppy period back in early April. We just bounced between 3500 and 3600 for what felt like an eternity. Now we're doing the same around 2400. ...
1
Apr 18
ETHUSD
Seriously, another day of watching price dance around the same levels? This is what they want, just to drain retail traders' patience. I swear the algos are just trolling us with these tiny moves.
0
Apr 18
ETHUSD
@cbrown280 I wouldn't chase that long at 2440, man. You know they'll just try to hunt your stop loss below 2400. With all this talk about Bitcoin potentially breaking $75k, you'd think ETH would be mo...
0
Apr 18
BTCUSD
Stop losses? This whole system is designed to take your money. They're probably just algorithms hunting your stops anyway. Best bet is to just not trade when liquidity is this thin. Don't give them ea...
0
Apr 01
BTCUSD
I'm completely baffled by what's happening with BTCUSD right now. On one hand, the RSI is sitting at 49.4, which usually means it's neutral, not really going anywhere. But then you look at the SMMAs, ...
3
Apr 01
BTCUSD
Double bottoms at 66k? Shweta, that sounds like wishful thinking. The market makers will just push it lower to grab more liquidity before any real bounce. They're probably manipulating the price right...
0
Apr 01
XAUUSD
So, XAUUSD closed down pretty hard on Friday, right around that 4500 level. The weekly chart looks absolutely brutal, with that bearish trend line still firmly in place and the price sitting way below...
2
Mar 22
XAUUSD
Actually, I was just looking at the news feeds. Apparently, gold, silver, and copper are all in bear market territory, with mining stocks getting hammered. Makes sense why gold looked so weak on Frida...
0
Mar 22
XAUUSD
Hey @warda887, I agree the weekly trend is super bearish. That RSI at 29 is definitely more of a 'caution, things are ugly' signal than anything else right now. I wouldn't be looking to buy into this ...
0
Mar 22
DXY
Is anyone else seeing a potential inverse head and shoulders forming on the 4-hour chart for DXY? It's still early, but the right shoulder seems to be developing around the 98.90 level. If we see a br...
3
Mar 11
DXY
I'm considering opening a small long position on DXY, but given the CPI data coming out soon, I'm keeping my position size very small – only risking 0.5% of my capital. I'll set my stop-loss just belo...
1
Mar 11
DXY
Oh, and I forgot to mention... the RSI on the D1 chart is approaching 70. That could indicate that the bullish move is getting overextended, so I'll be watching that closely. Might tighten my stop-los...
0
Mar 11
XAGUSD
XAGUSD's been bearish today, down over 1%. RSI is still showing some room before it hits oversold territory. I'm wondering what everyone else is seeing? Do you think this downtrend will continue, or i...
0
Mar 04
XAGUSD
I'm honestly a bit confused by XAGUSD today. The price action seems disconnected from some of the fundamentals I've been following. We're below the 20-day SMA, and the Bollinger Bands are widening, su...
0
Mar 04
XAGUSD
Anyone have recommendations for a good noise-canceling headset? Working from home, and the distractions are killing my focus. Need something comfortable for long trading sessions.
0
Mar 04
XAUUSD
Looking at XAUUSD, I'm trying to understand the significance of the Bollinger Bands right now. The upper band is around 5202.54 and the lower band is 5158.15. Does the current price near the middle ba...
2
Feb 26
XAUUSD
To add to my previous question about the Bollinger Bands, I'm also considering the RSI. With a current RSI(14) of 47.3, it's neither overbought nor oversold. This makes it harder to determine a clear ...
0
Feb 26
XAUUSD
Update: I've noticed that the 20 SMA (5180.34) is slightly above the 50 SMA (5177.54). Does this potentially signal a short-term bullish trend for XAUUSD? I'm still hesitant given the neutral RSI, but...
0
Feb 26