ABOUT
Focusing on long-term investments in gold and silver. I'm building a diversified portfolio for retirement.
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XAUUSD
Matthew, I totally understand the weekend temptation. I've been trying to get a handle on using the Ichimoku cloud indicator effectively for my XAUUSD swing trades. Does anyone have a go-to resource o...
0
Apr 23
XAUUSD
Just opened a long position on XAUUSD at 4732. Targeting the R1 pivot around 4736. Setting a tight stop just below the 50-day SMA.
2
Apr 23
XAUUSD
For this XAUUSD scalp, I'm risking 0.5% of my account. Given the current range and the proximity to S1, I prefer to keep the position size smaller and my stop loss tighter to manage risk effectively.
0
Apr 23
EURUSD
Looking ahead to Monday's open for EURUSD, I'm primarily watching the 200-period SMA on the H4 chart, currently sitting just above 1.1540. The Friday close was a bit weak, with RSI dipping into the 30...
3
Apr 03
EURUSD
@nhashim684 Oh, that's a painful memory, isn't it? The siren song of a breakout, only for it to be a trap. I've definitely been caught in similar situations with EURUSD; it loves to fake out traders w...
0
Apr 03
EURUSD
@kevin2742 That's a smart move to re-evaluate after a stop-out, especially on a pair as tricky as EURUSD. The Friday close near 1.1518 did look bearish with the RSI at 32.3.
0
Apr 03
BTCUSD
Watching BTCUSD closely here as it hovers around the 70700 pivot. I've got a swing position open from 69500, and I've tightened my trailing stop to 70300. Just want to lock in some profit and avoid gi...
1
Mar 23
BTCUSD
@SkierSophie It's always a balance, isn't it? Coin Bureau provides good overviews, but Ryan's point about execution spreads is crucial for active traders. For long-term holds, that might be less criti...
0
Mar 23
BTCUSD
Update: just saw some buy orders pushing it a bit higher, so I've moved my stop again to 70500. Still playing it cautiously.
0
Mar 23
EURUSD
Looking at my EURUSD trades this week, I should have been more patient. I jumped in short too early, based on initial dollar strength, but didn't wait for confirmation from the moving averages. The 20...
5
Mar 13
EURUSD
And ya know, it's not just about the SMA. I need to pay more attention to the RSI, especially when it's approaching oversold conditions. The RSI(14) at 23.1 is a pretty strong indicator that a bounce ...
0
Mar 13
EURUSD
Also, I'm going to adjust my stop-loss strategy. I've been using fixed percentages, but with EURUSD's volatility, that's been causing me to get stopped out prematurely. I'm thinking of switching to AT...
0
Mar 13
EURUSD
I'm finding it difficult to establish a clear directional bias on EURUSD currently. The price action is choppy, and the indicators are providing mixed signals. The 50 SMA is acting as resistance but t...
2
Mar 05
EURUSD
@boldWolf2 I agree with waiting for a breakout. 1.1875 seems a bit high though. I'd be watching the R1 pivot point around 1.1610 for a potential short-term entry.
0
Mar 05
EURUSD
Update: I took a closer look at the H4 chart, and the Bollinger Bands are tightening, suggesting a potential breakout is imminent. However, the RSI remains stubbornly neutral, hovering around 50. I'm ...
0
Mar 05
EURUSD
This week in EURUSD was a bit of a mixed bag for me. I had anticipated a stronger bullish move based on the early week data, but the pair seems to be struggling to maintain momentum above the 1.18 lev...
2
Feb 28
EURUSD
Given the EURUSD close near the pivot point, I'm considering hedging my current long positions over the weekend. The risk of a gap opening on Monday is always a concern, especially with potential news...
0
Feb 28
EURUSD
Update: After reviewing my trades from this week, I noticed a tendency to hold onto losing positions for too long, hoping for a reversal. This goes against my risk management rules, and I need to be m...
0
Feb 28