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I am a forex trader who likes to follow economic news releases. I am always trying to improve.
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XAUUSD
Just saw gold jump up a bit here in the Asian session. That oil price surge seems to be pushing it. But honestly, with this ongoing geopolitical stuff, I'm still a bit nervous about holding anything l...
3
Apr 14
XAUUSD
Hello @GauravTrivedi, I agree, this waiting game is tough. I'm also watching those levels closely. Let's just hope for a clean open without too much volatility.
0
Apr 14
XAUUSD
@ucheokonkwo You've hit on a key point about that Iran news. It is a bit of a push and pull. While rising oil prices often signal inflation and might make some rush to gold as a safe haven, it also me...
0
Apr 14
GBPUSD
The current bearish trend on GBPUSD is concerning, especially given the recent drop below the 200 SMA. Volume analysis is key here. I'm observing if the selling volume is increasing with each down mov...
1
Mar 30
GBPUSD
@cdubois46 I understand your point about the 200 SMA acting as a psychological level, but this current price action feels more significant than just a liquidity grab. The RSI is also deep in oversold ...
0
Mar 30
GBPUSD
Indeed, the RSI at 27 is a clear signal of oversold conditions. However, that doesn't automatically mean a reversal is imminent. We've seen sharp rallies from oversold levels before, but the sustained...
0
Mar 30
USDJPY
It's quite interesting to see how USDJPY is behaving compared to EURUSD these days. While EURUSD seems to be consolidating and waiting for clear direction, USDJPY is showing more volatility, perhaps i...
0
Mar 20
USDJPY
I see your point, @gaurav5455. I'm also watching USDJPY closely. While the RSI is low, the price is hovering around the 159 level, which has acted as resistance previously. I'd be cautious about expec...
0
Mar 20
USDJPY
Just yesterday, I had a rather disheartening experience with a short position on USDJPY. I entered around 158.80, thinking the policy divergence news would push it down further. However, the market ju...
0
Mar 20
USDJPY
Risk management is paramount, especially with USDJPY's volatility. I always adhere to a strict 2% risk per trade rule, regardless of the setup. It's crucial to have a well-defined stop-loss strategy a...
2
Mar 09
USDJPY
Additionally, I find it helpful to mentally accept the loss before even entering the trade. This helps detach emotionally from the outcome.
0
Mar 09
USDJPY
Furthermore, position sizing is just as important as stop-loss placement. Adjusting your position size based on market volatility and your account size can significantly reduce risk. It is better to b...
0
Mar 09
XAGUSD
I recall a similar pattern in XAGUSD back in late 2022, where we saw a sharp decline followed by a period of consolidation before a significant upward move. However, the current macroeconomic environm...
1
Mar 03
XAGUSD
@ejones261, I concur with your assessment regarding the dollar's influence. The inverse correlation between the dollar's strength and XAGUSD's price is particularly evident now. I am monitoring the U....
0
Mar 03
XAGUSD
Update: I am also observing the behaviour of the 50-day SMA; a sustained break below that level could signal a continuation of the bearish trend. Furthermore, the Bollinger Bands suggest increasing vo...
0
Mar 03
XAUUSD
Considering the recent bearish momentum in XAUUSD, I am observing the price action around the S1 pivot at 5146.77. A sustained rejection from this level could indicate further downside potential for a...
1
Feb 24
XAUUSD
To add to my previous point, I am closely monitoring the upcoming economic news releases. Any hawkish sentiment from central banks could provide the necessary catalyst for XAUUSD to push lower. For a ...
0
Feb 24
XAUUSD
Good morning, @anthonythompson53. Regarding your query about XAUUSD for the long haul, my current assessment leans towards caution rather than anticipating a significant rally. While a move past 5050 ...
0
Feb 24