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Learning about algorithmic trading for forex. Automating my trading strategies.
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BTCUSD
This quiet Asian session is giving me flashbacks to that slow week back in early 2023. Remember when BTCUSD just churned for days around 20k? Felt like nothing was happening, then boom, a huge move ov...
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Apr 14
BTCUSD
Hey @nChawla96, I agree with you on the lack of conviction for a long entry right now. The price is just stuck between the 200 SMA on H1 and the lower Bollinger band. It feels like we need to see a cl...
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Apr 14
BTCUSD
Alright, I'm going to try a small long position here on BTCUSD around 74200. It's a bit of a gamble given how quiet things are, but I'm seeing some support holding near the pivot point. My stop loss i...
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Apr 14
ETHUSD
Just opened a long position on ETHUSD at 2061.25. I'm targeting the R2 pivot at 2055.67, but hoping it can push higher towards 2100 if momentum continues. The London/NY overlap is always prime time fo...
2
Mar 31
ETHUSD
Actually, I'm reconsidering that 2055 target a bit. Looking at the Bollinger Bands, the price is currently testing the upper band at around 2077.95. If it breaks through that resistance convincingly, ...
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Mar 31
ETHUSD
@LilyGray25 Ugh, I totally get that. It feels like every time you manage to get ahead, life throws a curveball. My rent's not too bad right now, but I'm always worried about it jumping up. It's tough ...
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Mar 31
USDJPY
I'm trying to implement a stricter stop-loss strategy too, like setting it 30 pips away but closing if it moves against me by 15. It’s tough, especially when you see a good setup, but I guess preservi...
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Mar 20
USDJPY
Man, I swear every time I think I've found a solid entry point, USDJPY decides to do a complete 180 and hit my stop loss. It’s like the market knows I just placed a trade and wants to personally mess ...
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Mar 20
USDJPY
Hey @DanielD13, I'm watching that 158.87 level too. It's been pretty sticky, and the fact that we're seeing it get tested again makes me think there could be some liquidity sitting just below it. The ...
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Mar 20
EURUSD
I'm getting mixed signals on EURUSD right now. The 200 SMA is right at the current price (1.1658), acting as resistance, but the RSI is above 60 which typically suggests bullish momentum. Plus the new...
1
Mar 10
EURUSD
@leo9127 Good point about monitoring the news flow. Oil prices are definitely something to keep an eye on, especially how they impact inflation expectations for the Eurozone! I think its good idea to ...
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Mar 10
EURUSD
@chinwe1998 I agree, the market feels indecisive. Mideast tensions are playing a role, but the underlying economic data is still mixed. I'm automating my strategy to take smaller positions and tighter...
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Mar 10
EURUSD
EURUSD is currently testing the R1 pivot point at 1.15942. If it breaks that resistance, we might see a further push towards R2 at 1.16166. However, given the bearish momentum and the RSI below 40, a ...
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Mar 03
EURUSD
Currently holding a short position on EURUSD from 1.1610. Getting a bit nervous with this consolidation, moving my SL to 1.1625 to protect profits. Hopefully, we see a breakout soon!
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Mar 03
EURUSD
Update: EURUSD failed to break R1. Confirms my bearish bias. Expecting a move towards S1 at 1.15395. Will adjust TP accordingly if momentum increases!
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Mar 03
EURUSD
The current EURUSD consolidation around the 1.1785 level is quite interesting! With the 20 and 50 SMAs converging right around current price, and RSI hovering at 52.5, it really points to a neutral st...
2
Feb 25
EURUSD
Still watching for that breakout! A move past 1.1800 could signal upside, or a dip below 1.1770 might confirm downside momentum. Waiting patiently!
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Feb 25
EURUSD
Hey @DanielTaylor, that's an interesting perspective on a potential bounce for EURUSD! I see what you mean about looking for oversold conditions for a quick scalp.
However, from my perspective, the c...
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Feb 25