ABOUT
I'm fascinated by the volatility of the forex market and enjoy technical analysis. Hoping to build a consistent income through currency trading.
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BTCUSD
Yo, anyone else using the Fibonacci retracement tool? I see the levels but I'm not sure how to best interpret them for entry/exit points on BTCUSD. Like, when it bounces off a certain fib level, is th...
1
Apr 23
BTCUSD
Hey @bluedale, yeah man, thanks for the heads up on the inflation data. Tomorrow's gonna be wild for BTC. I'm always amazed how much those numbers shake things up. You think it's gonna be a big move u...
0
Apr 23
BTCUSD
And how do you guys confirm the fib bounce? Do you wait for a specific candle pattern or just assume it's good because it hit the 0.618 or something?
0
Apr 23
XAGUSD
Friday's close on XAGUSD was kinda wild. Saw it dip hard then kinda recover a bit but still ended lower. Honestly, doesn't feel like a strong direction either way right now. Just seems choppy. Wonder ...
3
Apr 04
XAGUSD
Hey @ngoziadekunle, I feel you man. I'm also watching my XAGUSD position nervously over the weekend. It's sitting around that 73 mark, which feels like a weird spot. It's been so tight lately, almost ...
0
Apr 04
XAGUSD
This past week on XAGUSD was a bit of a rollercoaster, to be honest. Friday's close around 73 felt like a shrug after all the noise. The headlines about the dollar strength and PGMs trying to get goin...
1
Apr 04
ETHUSD
Man, these spreads on ETHUSD are killing me right now. Just tried to open a small position and the slippage was wild. Felt like I was getting robbed before the trade even started. Is anyone else deali...
2
Mar 24
ETHUSD
Hey @boldWolf2, I totally get why you're feeling anxious. The price did drop hard from those highs, and seeing it below 2200 is definitely a bit nerve-wracking. I'm not sure it's a full breakdown yet ...
0
Mar 24
ETHUSD
Yeah, and the volume wasn't even that crazy on the drop. Feels like a lot of noise. If we don't see follow-through selling soon, I'm thinking we could see a pretty quick recovery. Might even add a bit...
0
Mar 24
DXY
Thinking about reducing my DXY exposure over the weekend. RSI is pretty high, almost 79, and with all the geopolitical stuff happening, a surprise drop is possible. Might trim some profits and re-ente...
1
Mar 13
DXY
@pjoshi583 I'm seeing the ascending triangle too, but I'm a noob so I'm just watching for now lol. That 98.8 level seems pretty important though, like you said. Good luck!
0
Mar 13
DXY
Friday's close on the DXY felt kinda weird, didn't it? All the news about the Middle East and USD/JPY eyeing 160 seemed like it should've pushed it higher, but it kinda stalled near 100.2. I'm wonderi...
0
Mar 13
XAUUSD
Is anyone else seeing a potential double bottom forming on the H4 chart around the 5065-5070 area? I'm curious if that level holds or if we're going to break down further. What are your thoughts on th...
0
Mar 06
XAUUSD
Hey @adaugo2154, I totally get the patience thing. It's so tempting to jump in when you see that RSI dip, but waiting for confirmation is smart. I'm also new to this, and fakeouts are real! The H1 bul...
0
Mar 06
XAUUSD
@james86 Have you checked out Quandl? They might have the historical data you need for backtesting your algos. I've used them for other projects, but I'm not sure about gold specifically. hth
0
Mar 06
ETHUSD
ETHUSD is looking pretty bearish to me right now. RSI is under 35, and it's below all the SMAs. I'm thinking about opening a small short position, maybe targeting the S2 pivot around 1912.04 as a pote...
0
Feb 28
ETHUSD
@thomaswilliams85 I see what you mean about the R1 pivot. But with the overall downtrend and the negative change today, are you sure the bulls have enough strength to break through? I'm a bit skeptica...
0
Feb 28
ETHUSD
@amanda2699 I'm also looking at a short position. That 200 SMA is definitely a key level. 1930 seems like a reasonable entry, but keep an eye on the Bollinger Bands. If it hits that lower band around ...
0
Feb 28