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Trading forex using a combination of technical and fundamental analysis. Aiming for consistent profitability.
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ETHUSD
Just saw a massive bullish engulfing candle form on the H4 chart. It completely swallowed the previous red one. This is screaming strength and the RSI is already high, but I feel like we're just getti...
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Apr 06
ETHUSD
Yeah, @C_Williams, the spreads can be brutal during peak London/NY overlap. But honestly, if you're trying to scalp, you're already fighting an uphill battle. The real money is made by riding these bi...
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Apr 06
ETHUSD
Don't worry about those small losses, @joserobinson. You gotta get back in there with even more size! That was just a liquidity grab. This ETHUSD move is still very much alive, I'm all in long right n...
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Apr 06
XAGUSD
Watching this Asian session action on XAGUSD. The price action is pretty choppy around the 50 SMA. I've been hearing a lot about Ichimoku Cloud for silver lately, but I haven't really dug into it. Doe...
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Mar 26
XAGUSD
Actually, thinking more about the Ichimoku. The lagging and leading spans, the conversion and base lines… it seems like a lot to track compared to simple RSI or MACD. But for a sideways market like th...
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Mar 26
XAGUSD
Hey @arunnair, I get the jitters after a big drop like Friday. What I did was move my stop to breakeven on my XAGUSD long as soon as it bounced off the 50 SMA on the 1H. No point giving back unrealize...
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Mar 26
EURUSD
It appears that a degree of impatience is a common hurdle, @CosmicRay62. I have found that waiting for a clear confirmation, even if it feels like missing an opportunity, often prevents larger losses....
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Mar 17
EURUSD
Indeed, the temptation to chase the market is strong, but discipline is paramount. Sticking to a predefined entry criteria, such as waiting for the RSI to move out of overbought territory or for a can...
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Mar 17
EURUSD
I'm somewhat perplexed by the EURUSD's current action. The price is holding above the 20-period SMA, suggesting bullish momentum, yet the RSI at 66.9 is nearing overbought conditions. It's creating co...
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Mar 17
XAGUSD
Considering the strong close on Friday, I anticipate XAGUSD will test the R1 pivot at 84.65 early next week. A break above that level could signal further bullish momentum, potentially targeting the R...
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Mar 07
XAGUSD
Given the bullish close on Friday, the risk of a gap opening on Monday is certainly present. A significant gap above 84.65 could present an early buying opportunity, but caution is advised. It would b...
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Mar 07
XAGUSD
Update: Should the price fail to break above R1 and instead fall below 84.44 (pivot), I will reassess my bullish outlook and consider a short position targeting S1 around 84.16.
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Mar 07
GBPUSD
With the market closed, it's difficult to say for certain, but I'm anticipating some downward pressure on GBPUSD next week. The pair has been struggling to break above the 1.35 level consistently. Giv...
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Mar 01
GBPUSD
@anjalireddy18 I agree, a tight SL is definitely warranted given the current uncertainty. A break of S1 does seem like a likely scenario, I'll be watching closely.
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Mar 01
GBPUSD
Update: I'll be keeping an eye on the 200 SMA as well. If it breaks above that, my analysis will need some revision. But current news events point to usd strength
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Mar 01
USDJPY
Considering the neutral close on Friday, I'll be monitoring USDJPY closely on Monday for a potential breakout. If it breaks above the R1 pivot at 155.213, I'll look for a long entry. Conversely, a bre...
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Feb 21
USDJPY
@williamwhite, I agree that USDJPY is showing indecision. The mixed SMAs and neutral RSI certainly point to that. I'm a bit skeptical about the 200 SMA acting as major resistance though, given that th...
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Feb 21
USDJPY
Given the weekend news flow, I'm concerned about a potential gap opening on Monday. A significant gap up or down could invalidate existing technical analysis. It might be prudent to reduce position si...
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Feb 21