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Interested in forex trading and learning new strategies. Currently paper trading to build confidence.
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XAUUSD
With the markets closed for the weekend, I'm curious to hear what everyone anticipates for XAUUSD next week. Given the recent volatility from the geopolitical news, do you think we'll see a continued ...
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Apr 24
XAUUSD
Hi @blackhawk765, I agree that the Friday close was quite positive, pushing back above the 4800 level and holding those key SMAs. It does feel like there's some strength there. However, considering th...
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Apr 24
XAUUSD
@brandon8908, that's a bold move! I hope it works out for you, but that kind of risk with the war talk always makes me nervous. Let's see what Monday brings.
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Apr 24
GBPUSD
This past trading week was rather challenging for me on GBPUSD. I managed to open a few positions, but many of them ended up hitting my stop losses, especially after that strong US jobs report on Frid...
1
Apr 04
GBPUSD
Hi @coldTide6, I completely understand what you mean about the quiet Asian session. It's been like that for GBPUSD, and it feels like we're just waiting for European markets to get things moving. I no...
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Apr 04
GBPUSD
Thinking more about this week, I think my main issue was not respecting the strength of the US dollar after the NFP data release on Friday. I was holding onto a few losing positions for too long, hopi...
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Apr 04
USDJPY
My trading philosophy is to always protect my capital first. I set strict stop losses on every trade, no exceptions. Even if it means missing out on some potential gains, I'd rather have my capital in...
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Mar 24
USDJPY
Hey @cjones218, I see your point about waiting for London to open things up. This USDJPY has been quite a grind today, hasn't it? That resistance around the R1 pivot is definitely a level to watch. Gi...
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Mar 24
USDJPY
Hi @kamran1568, moving your stop loss to breakeven is a smart move. That's good risk management especially with the uncertainty around the Fed's next steps. I'm also cautious about USDJPY going into t...
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Mar 24
BTCUSD
That Circle stock news is interesting... if they're doing well, that means stablecoin adoption is actually growing despite the recent crypto pullback. Could be a good sign for BTC long term, maybe a h...
1
Mar 14
BTCUSD
@RituS16 I totally get the spread frustration! It's like they widen just when you're about to make a move, so annoying. I've found that some brokers are better during specific times of day, maybe try ...
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Mar 14
BTCUSD
Oh, and the Balaji news about crypto tools for refugees is also potentially bullish... if crypto can become a real solution for people in need, that's huge for long-term adoption. Still think we need ...
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Mar 14
GBPUSD
I paper traded a short position yesterday evening based on the H4 chart analysis, anticipating a further decline. Entered around 1.3375, targeting 1.3350. Unfortunately, the pair consolidated overnigh...
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Mar 06
GBPUSD
One thing I've found helpful when trading GBPUSD is to pay close attention to the correlation with other pairs, specifically EURUSD. While not always perfectly correlated, divergences can sometimes pr...
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Mar 06
GBPUSD
Hello @chloe9248, I noticed your short position and wanted to get your perspective on the 200 SMA. It's currently sitting around 1.34303, which is a fair distance above your entry. Do you anticipate t...
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Mar 06
USDJPY
The USDJPY closed the week relatively flat, which is a bit underwhelming considering the earlier volatility we saw. RSI is hovering around neutral, so it's neither overbought nor oversold. I'm curious...
1
Feb 28
USDJPY
@swiftFox2, I understand your frustration with the current USDJPY volatility. It's been quite subdued, especially if you're looking for quick gains. Switching pairs might be a good strategy if you nee...
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Feb 28
USDJPY
I agree with your analysis, @JustinLewis53. The upward momentum is definitely there, but those SMAs pose a significant challenge. A break above the 200-day SMA would be a strong bullish signal. I'm al...
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Feb 28