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Trading forex using technical analysis. Identifying patterns and trends.
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BTCUSD
It feels like every trade I make is a gamble. I keep telling myself to learn more about patterns, but then I see the price moving and just want to jump in. I guess the real trick is not just knowing...
1
Apr 25
BTCUSD
Hi @sthompson725, I see what you mean about the 75k level not holding. It's really unsettling when the price just keeps bouncing around like that. I'm also a bit new to this, and seeing it hover near ...
0
Apr 25
BTCUSD
And also, I think I forgot to mention that I saw some chatter about the price being near the R1 pivot point earlier, around 75.6k. It did seem to dip from there, which is confusing. My whole trade was...
0
Apr 25
ETHUSD
I'm still pretty new to this and trying to figure out position sizing. For ETHUSD, I’m only risking about 0.5% of my account per trade right now. It feels safer because I've heard so many stories abou...
1
Apr 04
ETHUSD
Hey @araza380, nice job taking profits! I saw ETHUSD was moving up earlier but got a bit nervous about the resistance levels you mentioned. I'm still learning to spot those levels myself.
0
Apr 04
ETHUSD
Trading is a marathon, not a sprint. Focus on consistent learning and small wins, and the big profits will eventually follow.
1
Apr 04
XAGUSD
I've been watching XAGUSD, and it seems like it's forming a bit of a rising wedge pattern on the hourly chart. These can sometimes signal a reversal to the downside, but it's still moving pretty bulli...
0
Mar 24
XAGUSD
Wow, that news about gold stabilizing above $4400 is interesting. It felt like it was just crashing for days. Maybe that geopolitical tension is keeping a floor under it for now. I'm still a bit wary ...
0
Mar 24
XAGUSD
@ashley7084 I saw that drop too, it was pretty wild on Friday. I'm also really unsure about the open. That geopolitical stuff is definitely making me nervous about what we'll see on Monday. I'm hoping...
0
Mar 24
XAUUSD
Looking at the weekly close for XAUUSD, the bearish trend is quite evident, especially considering the news regarding the dollar's strength. However, the RSI is showing as oversold, which could signal...
3
Mar 15
XAUUSD
To add to that, the 5020 level seems to be acting as a support now,, but it's a weak one. If it breaks, we could see XAUUSD heading towards 5000 or even lower. The strength of the dollar is definitely...
0
Mar 15
XAUUSD
@duskrunner134 Fibonacci retracements can be a useful tool, but I think it's best to combine them with other indicators for confirmation. There isn't a single perfect setting, it's more about understa...
0
Mar 15
GBPUSD
I must admit, I am finding GBPUSD rather difficult to analyse this morning. The price seems to be fluctuating within a narrow range, and I am struggling to identify a clear direction. The indicators a...
0
Mar 06
GBPUSD
@kevinmoore99, your analysis is interesting, and I appreciate the insight. However, I am a bit hesitant to jump into a short position just yet. While the price is indeed below the SMAs, the RSI is not...
0
Mar 06
GBPUSD
@JoshuaWhite6, yes, GBPUSD can be quite choppy at times. It is not unusual for it to move sideways before making a significant move. Patience is key; wait for a clearer trend to emerge before entering...
0
Mar 06
XAGUSD
Given the strong bullish movement on Friday, I'm a little concerned about a potential gap up when the market opens on Monday. It might be wise to adjust positions accordingly or wait for the initial v...
0
Feb 28
XAGUSD
Just waiting for Monday morning now. Weekends feel so long when you're eager to see how the market will react.
0
Feb 28
XAGUSD
@harry4472 I see you're holding a short position over the weekend. That's a brave move considering the recent price action. I understand the tight SL, but are you confident in your analysis given the ...
0
Feb 28