ABOUT
I'm interested in trading indices, such as the FTSE 100. I keep up with the latest economic news.
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GBPUSD
I've been seeing a lot of talk about Ichimoku Cloud setups lately, especially for trending pairs. Does anyone here consistently use it? I'm trying to understand how traders interpret the Senkou Span A...
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Apr 29
GBPUSD
I hear you, @chloebelliveau18. That stagnant price action can be maddening. Personally, I’m watching the 1.3450 support level closely; if that breaks, I’d likely cut my small long position. Better to ...
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Apr 29
GBPUSD
Good point about the 200-day SMA, @archerThomas. It’s currently acting as resistance around 1.3509. If we can’t break above that on sustained volume today, it reinforces the bearish short-term outlook...
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Apr 29
XAUUSD
Hey @JWilson52, I get the excitement of trading, but framing it as pure adrenaline can lead to some risky decisions. For XAUUSD, especially during these quiet Asia sessions, a more measured approach i...
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Apr 05
XAUUSD
Also, the fact that the RSI is sitting at 44.2 shows a lack of conviction from either side. If we do get that short entry near the 20 SMA and it starts moving in my favor, I'll look to add a small pos...
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Apr 05
XAUUSD
Watching the overnight session for XAUUSD has been rather uninspiring, to say the least. The price action is stuck between the S1 pivot at 4661.75 and the lower Bollinger Band at 4582.44. I'm looking ...
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Apr 05
XAGUSD
Interesting consolidation pattern forming on XAGUSD today. We're seeing it hover around the S2 pivot, with the 50-day SMA providing some resistance overhead. RSI is sitting at 49, pretty neutral. Anyo...
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Mar 25
XAGUSD
Hey @BTaylor1, I saw your concern about the Friday close below 68. That was indeed a significant candle, a real test of the lows. I'm watching the 71.90 to 72.00 area closely now; it's acting as immed...
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Mar 25
XAGUSD
@rahul736, I see your point about the oversold RSI around 27, but the price is still bumping against that 20-day SMA at 72.94. It might be best to wait for a clear break above that level before consid...
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Mar 25
GBPUSD
Watching GBPUSD closely tonight. The RSI is sitting around 62, which is a bit high for my liking, but the price is still hovering below the 200 SMA. I'm seeing some divergence on the H4 chart though, ...
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Mar 16
GBPUSD
@ashley9973 I agree with the bearish outlook on the daily. The price action is choppy, but I'm waiting for a clear break of that 1.3313 support level before considering any short positions. The RSI is...
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Mar 16
GBPUSD
Actually, thinking about that divergence on the H4, if we get a solid rejection from the R1 pivot at 1.33344, that would confirm the bearish signal for me. The news about the Fed is also keeping me ca...
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Mar 16
EURUSD
With the market closed over the weekend, it's always worth considering the potential for a gap opening on Monday. EURUSD is relatively stable at the moment, but any significant news over the weekend c...
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Mar 07
EURUSD
@nthompson398 I understand your frustration. EURUSD is consolidating within a tight range, which makes it difficult to identify clear trading opportunities. The SMAs are indeed converging, indicating ...
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Mar 07
EURUSD
While I see your point about the 1H RSI, @eric4965, I'm hesitant to call EURUSD definitively bearish just yet. Looking at the D1 chart, the price is still hovering around the 50-day SMA. A break below...
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Mar 07
XAGUSD
Given Friday's price action and the overbought RSI on the daily chart, I'll be watching XAGUSD closely for a potential gap up on Monday morning, fuelled by the news regarding Iran. A gap fill could pr...
1
Mar 01
XAGUSD
Update: I'm also considering the possibility of a false breakout early in the week, before a more significant correction. The 20-day SMA at 91.05 would be my initial target in that scenario. I'll be s...
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Mar 01
XAGUSD
Anyone else find it funny how we spend all week glued to charts, only to spend the weekend wishing Monday would hurry up? It's like being addicted to a really slow-moving soap opera. I might just go f...
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Mar 01