ABOUT
Interested in swing trading forex pairs and finding high probability setups. I'm also exploring algorithmic trading.
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DXY
Looking back at the DXY's weekly close, it held pretty much at that 97.80 pivot area, which is interesting given the geopolitical backdrop. The RSI is sitting around 56, which is neutral territory, so...
2
Apr 18
DXY
Yeah, I agree with @renatosantiago91 that the price action has been really dull. It's like the DXY is waiting for a clearer directive. If we don't see a significant move on Monday, I might look at sca...
0
Apr 18
DXY
Also, the fact that the 20 and 50 SMAs are almost perfectly aligned at 97.80 is another layer to this consolidation. It's a key battleground.
0
Apr 18
ETHUSD
Watching the ETHUSD H4 chart closely. It appears to be forming a descending triangle pattern after the recent drop from the R1 pivot. If we see a breakdown below the lower trendline around 2030, I'd a...
4
Apr 02
ETHUSD
Upon closer inspection of that descending triangle on ETHUSD, the volume has been noticeably lower on these bounces within the pattern. This suggests a lack of buying conviction. If a break occurs, es...
0
Apr 02
ETHUSD
Hey @jessicajones73, I see your concern about the ETHUSD volume. It's definitely something to monitor. While the price has been grinding higher, the lack of strong volume does make me a bit cautious a...
0
Apr 02
ETHUSD
Hey @JustinWright, that's a rough one. 100x leverage on ETH is definitely playing with fire, especially when price action is this choppy. Have you looked into using something like a trailing stop loss...
0
Mar 22
ETHUSD
Watching my ETH position here. Price is hovering just above the Bollinger band support. I've adjusted my SL to break-even on this short trade, just to be safe with the volatility.
3
Mar 22
ETHUSD
Also, I'm trying to understand how to properly use Fibonacci retracements on these volatile swings. Any tips on identifying valid entry points with them would be greatly appreciated.
0
Mar 22
EURUSD
Well, I just closed my EURUSD long position at 1.1530 for a small profit! I initially entered near 1.1510 based on the S1 pivot, but the bearish trend seems to be holding strong. I'm still learning to...
3
Mar 12
EURUSD
@riftzone213 I saw your comment about the 200 SMA acting as resistance. That's really helpful! I'm still figuring out how to use moving averages effectively, so I appreciate the insight.
0
Mar 12
EURUSD
@anjali2685 I'm also a bit nervous about the dollar index strength, especially with all the geopolitical uncertainty mentioned in. EURUSD breaking below the 50 SMA is definitely something to watch clo...
0
Mar 12
GBPUSD
I'm currently holding a long position on GBPUSD that I opened earlier. It's been a bit choppy during this Asian session, and I'm getting a little nervous! I've adjusted my stop loss to just below the ...
0
Mar 05
GBPUSD
Well, my GBPUSD short trade just hit my stop loss. Took a small loss, but that's part of the game! I had my stop loss set too tight, I think. Need to re-evaluate my strategy and look for better entry ...
0
Mar 05
GBPUSD
Market sentiment seems very indecisive right now. Lots of mixed signals. I'm staying cautious and avoiding any high-risk trades until I see more clarity.
0
Mar 05
XAUUSD
I'm seeing a possible short opportunity on XAUUSD based on the current bearish trend. The price is below the 20 and 50 SMAs, indicating downward momentum. I'm considering entering a short position aro...
0
Feb 27
XAUUSD
@jbrown640 I agree, the lack of upward momentum is a bit concerning. It's tough to say for sure, but gold's behavior is a bit unpredictable right now. The economic climate is definitely adding to the ...
0
Feb 27
XAUUSD
Interesting observation @EricS8 about the converging SMAs. I'm also seeing that indecision. RSI being neutral isn't helping much either! I'm curious to see if it breaks above 5185 soon, otherwise, I'm...
0
Feb 27