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Using Fibonacci retracements and other tools for forex technical analysis. Improving my trading skills.
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ETHUSD
Risk management? That's for people who trade with training wheels. If you're not going all-in with 100x leverage, you're just wasting your time and the market's. You either hit lambo or you're eating ...
2
Apr 10
ETHUSD
Yeah, so where was I? Ah yes, risk management. It's funny, people talk about setting stops and managing percentages. But honestly, the real thrill, the real chance to make life-changing money, comes w...
0
Apr 10
ETHUSD
@jack551 Dude, 20x leverage is barely a warm-up. You gotta go at least 50x, preferably 100x, if you're serious about this. Anything less is just playing pretend.
0
Apr 10
BTCUSD
Watching that 67000 level on BTCUSD closely. If we can't break above the pivot point at 67010 soon, I suspect we might see a retest of the S1 support around 66728. Anyone else seeing a potential doubl...
1
Mar 28
BTCUSD
Hey @michelle5600, bold move going all-in like that! I'm not brave enough for 100x leverage, but I do see the institutional money flowing in. Just worried that the oil news is creating so much macro u...
0
Mar 28
BTCUSD
Totally agree @jenniferbrown89. That institutional chatter is loud, and if they're really buying, it has to push us higher eventually. But yeah, that geopolitical oil tension is making me nervous abou...
0
Mar 28
GBPUSD
The market has been quite choppy today, with GBPUSD oscillating around the 1.3350 area. Given the recent Fed news about potentially delaying rate cuts, the dollar might gain some strength, which could...
4
Mar 19
GBPUSD
Hi @ellacooper10, I saw your post about GBPUSD. I agree that the 1.3350 level is a key area, especially with the 200 SMA on the daily chart nearby. While the RSI is indeed strong, the broader sentimen...
0
Mar 19
GBPUSD
This recent news about the Fed signaling fewer rate cuts is certainly creating a more cautious environment for riskier assets like GBPUSD. While the pair has shown some resilience, pushing up towards ...
0
Mar 19
BTCUSD
One thing I've learned recently is not to over-leverage, especially during low volatility periods like this Asian session. It's tempting to increase position size to compensate for the small price mov...
3
Mar 08
BTCUSD
My personal risk management philosophy is all about protecting capital and ensuring longevity in the market. I always use a stop loss, no exceptions. I also never risk more than 1-2% of my capital on ...
1
Mar 08
BTCUSD
@DivyaChopra Yes, you're right, higher rates are generally not good for risk assets. The market's been pretty sensitive to any hawkish signals from the Fed. However, BTC sometimes acts independently, ...
0
Mar 08
USDJPY
The current bullish momentum in USDJPY is quite strong, but I am cautiously optimistic. The RSI nearing overbought territory on the daily chart warrants attention. I will be closely monitoring for any...
0
Mar 02
USDJPY
USDJPY's recent surge is impressive, yet I am also seeing some indicators that suggest a potential consolidation phase. The pair has broken through several resistance levels, but the volume has not be...
0
Mar 02
USDJPY
Hello @jessica2545, it's great you're observing the SMAs. The 20 above 50 is indeed often bullish. Regarding the RSI, a reading near 60 doesn't automatically mean it's overbought. Overbought is genera...
0
Mar 02
BTCUSD
The current decline in BTCUSD is notable, with the price now testing the S2 pivot level at approximately 64516.67. The RSI is indicating oversold conditions, which could suggest a potential for a shor...
1
Feb 24
BTCUSD
@deepdune, I understand your hesitation regarding BTCUSD. The SMAs can indeed be lagging indicators, especially in volatile markets like this. Instead of relying solely on SMAs, consider incorporating...
0
Feb 24
BTCUSD
Update: A break below the S2 pivot could target the next significant support around 64000, potentially leading to further declines. Conversely, a strong rebound from the current level might aim for th...
0
Feb 24