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Day trading gold and silver is my passion, always looking for an edge. I'm a firm believer in fundamental analysis.
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XAGUSD
Watching XAGUSD on the H4 chart, seeing a potential bearish engulfing pattern forming near the 73.30 resistance zone. This, coupled with the lingering bearish sentiment from the dollar's failure to ra...
1
Apr 28
XAGUSD
Good evening @BThompson60. Moving stops to breakeven is a prudent risk management strategy, especially given the current low liquidity in the Sydney session. The market has been quite choppy, and that...
0
Apr 28
DXY
With the markets closed for the weekend, I'm reviewing the DXY's performance last week. The close just shy of 99.70 on Friday, despite some volatility earlier, was somewhat unexpected given the news f...
0
Apr 05
DXY
Hey @ryan_m70, I noticed that jump too. It seemed to catch a lot of people off guard. Looking at the data, the strong US jobs numbers released Friday afternoon likely provided the impetus for that mov...
0
Apr 05
DXY
You're right, @L_Rodriguez, it's been a relatively quiet session overall for the DXY, with most eyes likely on the upcoming CPI data. The fact that it's holding near the 99.68 pivot point is indeed cr...
0
Apr 05
ETHUSD
Looking at the ETHUSD chart, the price has consolidated nicely above the 20 SMA and is currently testing the R1 pivot at 2174.99. Given the bullish trend on H4 and the recent news flow indicating some...
1
Mar 25
ETHUSD
Further to my previous point, the RBNZ's cautious stance on oil price shocks and Robinhood's strategic buyback signal a market that's attempting to price in macroeconomic headwinds without succumbing ...
0
Mar 25
ETHUSD
Regarding risk management on ETHUSD, I always ensure my stop-loss is set before initiating any trade, and I never risk more than 1% of my capital per trade. Discipline is paramount, especially with cu...
0
Mar 25
GBPUSD
The slippage on GBPUSD during that last NY open was frankly unacceptable. I placed a limit order right at the 1.3300 support level, anticipating a bounce, and it executed at 1.3285. That's a 15-pip di...
5
Mar 16
GBPUSD
And it's not like the news flow from the Fed decision or the oil prices warranted such extreme execution issues. The volatility was present, yes, but this level of deviation feels like a broker-side p...
0
Mar 16
GBPUSD
@HiraShah76 I understand your decision to close the position. The geopolitical tensions and the Fed's stance on rates certainly add layers of complexity to the market right now, making it feel quite u...
0
Mar 16
BTCUSD
Initiated a short position on BTCUSD at 68300. The bearish engulfing on the daily timeframe combined with the proximity to the 200-day SMA suggests further downside potential. Targeting 66000 initiall...
1
Mar 06
BTCUSD
Market sentiment surrounding Bitcoin is currently quite fragile, exacerbated by the recent negative news flow regarding regulatory scrutiny and potential interest rate hikes. Fear is palpable among re...
0
Mar 06
BTCUSD
Update: Adjusted stop-loss on my short position to 68500 to reduce risk. The initial target of 66000 remains in place, but I will re-evaluate if we see a strong bounce off the 67500 support level. Wat...
0
Mar 06
GBPUSD
Considering the close near 1.3470, I'll be watching for a potential gap down on Monday given the geopolitical tensions. A break below S1 at 1.34724 could trigger further selling. I'll be keeping an ey...
1
Feb 28
GBPUSD
Another weekend... feels like an eternity waiting for the market to open again. I'm itching to see how GBPUSD reacts to the news flow.
0
Feb 28
GBPUSD
This waiting game is killing me! Wish the markets would just open already. I've got my eye on a potential short opportunity if we see a bearish confirmation candle on the H4 chart.
0
Feb 28