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Trading primarily in forex and options. Working towards financial independence.
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BTCUSD
Seeing a pretty clear descending wedge forming on the 4hr here for BTCUSD. If this plays out as textbook, we should get a breakout upwards, especially with the recent news pushing it past 76k. Just ho...
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Apr 15
BTCUSD
My biggest trading mistake? Thinking I can time the absolute top or bottom. Always ends up with me being a bag holder or FOMOing into a reversal. Just gotta accept the grind and not get greedy, easier...
1
Apr 15
BTCUSD
@limwei35 Yeah, the volume is definitely thin right now. Makes these moves feel less convincing. If we don't see conviction soon, might just be another dead cat bounce before a deeper correction.
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Apr 15
USDJPY
This USDJPY price action is a joke. It's supposed to follow DXY, but today it's doing its own thing. Probably just algorithms messing with us, hunting stops before any real news hits. The whole market...
1
Mar 31
USDJPY
My biggest mistake? Trying to trade this pair without enough coffee. Always end up chasing the wrong candle.
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Mar 31
USDJPY
@georgewright14 It's not just the geopolitical stuff. These brokers widen spreads like crazy when things get a bit choppy, making any correlation analysis pointless. They make it impossible to scalp c...
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Mar 31
BTCUSD
Anyone else using the Fibonacci retracements on this BTCUSD chop? Trying to get a better handle on identifying liquidity grabs. My broker's spread on this thing is already a robbery, don't need more s...
1
Mar 21
BTCUSD
Seeing a similar price action to last week's sideways grind near the 70.5k area. Looks like another attempt to break that resistance, but the volume isn't screaming conviction. Anyone else spot a pote...
1
Mar 21
BTCUSD
lol @blrSarita, oversold RSI? This market is manipulated to hell and back. They'll push it lower just to trigger stop losses then maybe have a fake bounce. Don't trust indicators alone here.
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Mar 21
XAGUSD
Silver's price action is definitely mirroring gold's a bit tonight. XAUUSD also seeing some dollar-related strength. Though silver seems to be lagging slightly, maybe less safe haven demand at the mom...
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Mar 10
XAGUSD
@NoahC79 Agree on the 200 SMA being key. It's been tested several times recently, so a solid break would be significant. However, I'm also watching the 50 SMA on the H4 chart; it's acted as dynamic su...
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Mar 10
XAGUSD
@bajayi69 True, patience is vital. Silver can be very choppy, especially during low liquidity sessions. Gotta manage risk and stick to the plan.
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Mar 10
XAUUSD
This volatility is testing my patience. XAUUSD dropping like this after the initial surge... I'm re-evaluating my positions. Perhaps a straddle strategy is more appropriate in this environment, but th...
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Mar 04
XAUUSD
@GamerSamina A pullback to the 20 SMA is a reasonable entry point, but consider the broader trend. The overnight session may present lower liquidity and wider spreads, impacting your execution. Accoun...
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Mar 04
XAUUSD
@rharris886 Profit-taking is definitely a possibility early in the week, especially given the strong bullish momentum we saw previously. However, focusing solely on the RSI can be misleading. While it...
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Mar 04
BTCUSD
BTCUSD continues its strong bullish run, yet the RSI is firmly in overbought territory, nearing 80. this warrants a cautious approach, as a correction or consolidation phase could be imminent. Given t...
1
Feb 25
BTCUSD
My analysis on BTCUSD indicates a strong uptrend, with price holding above the 20-period SMA, which is currently around 66530. However, the RSI at nearly 80 is a significant red flag for sustained upw...
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Feb 25
BTCUSD
Update on my earlier question: I'm still leaning towards caution with BTCUSD at these elevated levels. While the momentum is undeniable, the overextended RSI and proximity to the upper Bollinger Band ...
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Feb 25