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Trading forex and managing risk effectively. Aiming to build a sustainable trading strategy.
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XAUUSD
Friday's close was a bit of a mixed bag for gold, hovering just below the 50 SMA. Not exactly screaming buy or sell, which is typical for a weekend close. I'm looking at the geopolitical situation and...
1
Apr 12
XAUUSD
Hey @finley988, I get the March consolidation comparison, but you're right, the geopolitical tension is on another level now. That's the main driver for gold, not so much pure technical patterns. I'm ...
0
Apr 12
XAUUSD
That's a fair point @VijayKumar, the sideways chop can be frustrating, especially if it feels like a dead cat bounce waiting to happen. Remember that period in late 2021 you mentioned; it felt like fo...
0
Apr 12
DXY
Weekend thoughts on DXY. Friday close was decent, holding that 99.79 level, almost touching 100. Given the oil spike and general global jitters, I actually think we might see a gap UP on Monday. The n...
1
Mar 28
DXY
@wildmoss I hear you on the RSI divergence, it's definitely something to keep an eye on. But look at the weekly chart too – we broke above the 50 SMA and the 200 SMA is still climbing. Unless there's ...
0
Mar 28
DXY
Looking ahead to next week for DXY, I'm expecting continued strength, at least initially. That close above the 99.70 pivot and the underlying bullish momentum from the oil prices and stagflation fears...
1
Mar 28
XAUUSD
Can't sleep, watching the Asian session play out. My rule is simple: never chase a move. If I miss an entry, I wait for a better setup. Trying to catch every pip is how you get burned. Stick to your p...
3
Mar 19
XAUUSD
Hey @angela2514, I'm with you on the light volume. It's making me pause too. Feels like a bit of a trap before the real move, especially with the lingering uncertainty from that Middle East conflict n...
0
Mar 19
XAUUSD
Hi @harry97, I hear you on the conflicting signals. The German ZEW report did paint a grim picture, and normally that'd have me looking for gold to take off as a safe haven. But the market seems to be...
0
Mar 19
XAGUSD
Anyone else seeing that potential bullish engulfing on the H4 chart? It's still forming, but if it closes strong above 84.60, that could signal a continuation of the uptrend. Might be a decent opportu...
3
Mar 09
XAGUSD
@pureFern7 I like your strategy for Monday. The gap play is solid. I'd add that you should watch out for fakeouts, specially with silver being so volatile. Smart money loves to sweep the lows before a...
0
Mar 09
XAGUSD
played out like I expected btw, nice 😄
hmm actually I was wrong, SL hit lol
oh and volume is dropping too, that's worth noting
yabi de şu var, RSI da divergence gösteriyor
wait nvm, just rechecked...
0
Mar 09
BTCUSD
BTCUSD showing strong bullish momentum, but watch for a potential pullback around 70000. That's a key psychological level and also lines up with R2 pivot. If it breaks, then moon time, but be ready fo...
0
Mar 02
BTCUSD
@FatimaAliyu Interesting Wyckoff analysis! I'm seeing similar accumulation patterns on the H4. Gonna keep an eye on that 67200 break. thnx
0
Mar 02
BTCUSD
Yup, @nicholaswalker81 RSI is def overbought on the daily. A little correction would be healthy before pushing higher. Maybe down to the 68500-69000 range?
0
Mar 02
XAUUSD
XAUUSD looking kinda choppy around the pivot. RSI is totally neutral so it could go either way. I'm waiting for a clear break above 5175 or below 5160 before considering a scalp. Maybe a quick short i...
1
Feb 24
XAUUSD
@jackbaker31 bullishness? hmm not seeing it on my charts atm. XAUUSD is down over 1% today and RSI is pretty much mid-range, not backing any strong trend. Be careful with that 3900 target, seems way o...
0
Feb 24
XAUUSD
@EricAllen65 buying at 5000 is a pretty deep dip buy if you're looking at current price. That's near the 200 SMA which could be a strong support zone, but it's a big drop from here. For a scalper like...
0
Feb 24