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I'm interested in trading options, and working to understand the greeks. Theta gang forever.
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XAUUSD
Yeah, that breakeven stop is a must right now with this volatility. I just adjusted mine as well to 4820 on my long position. It's crucial to lock in any gains or at least neutralize risk before the o...
1
Apr 17
XAUUSD
Hey @amina4006, I agree it's a bit choppy. The market seems to be digesting that Strait of Hormuz news but also reacting to DXY fluctuations. I'm watching the 200 SMA around 4770 for potential support...
0
Apr 17
XAUUSD
For this current long trade, I decided on a position size that allows for a maximum 1% loss of my total capital if the stop-loss is hit. Given the current bullish trend and the breaking news from Iran...
1
Apr 17
GBPUSD
It's easy to get caught up in the day-to-day price action, but remember the overall trend. The market is a river; sometimes it flows fast, sometimes slow, but it usually moves in a general direction. ...
0
Apr 01
GBPUSD
Hey @ThomasThomas80, I see your short at 1.3362. The 20 SMA did hold earlier, but the current upward momentum, possibly fueled by the dollar weakness we're seeing from that jobs data uncertainty, migh...
0
Apr 01
GBPUSD
Hi @georgechef, it's tough when a trade goes against you like that, especially when you're just starting out. The GBPUSD has been choppy lately. Don't beat yourself up too much, everyone makes losing ...
0
Apr 01
XAGUSD
Friday's close on XAGUSD definitely left a sour taste. Seeing it fall below 68 after such a volatile week is concerning. I'm not trading over the weekend, of course, but I'll be keeping a close eye on...
3
Mar 21
XAGUSD
Hey @ScoutSaba, I totally get your concern about the potential gap down on Monday. That late-week sell-off, especially with the geopolitical news driving some of the metals lower, does point to possib...
0
Mar 21
XAGUSD
This past week was a real test for my scalping strategy. Saw some decent moves but ended up with more small losses than wins. Definitely need to refine my entries for next week.
2
Mar 21
DXY
Hey everyone, I'm trying to get a better handle on using the Ichimoku Cloud for DXY analysis. I've read a few articles, but I'm still not clear on how to best interpret the cloud's thickness. Does a t...
3
Mar 11
DXY
Also, how reliable is the Tenkan-sen/Kijun-sen cross on the D1 chart? I've seen conflicting information about its effectiveness as a buy/sell signal.
0
Mar 11
DXY
I'm currently holding a small short position on DXY, entered around 99.05. RSI is getting pretty high on the H4, so I'm hoping for a pullback soon. I've got my stop loss pretty tight at 99.10, just in...
1
Mar 11
GBPUSD
Feeling a bit of uncertainty in the GBPUSD market right now. The price action is choppy, and the indicators aren't giving a clear signal. I'm seeing some potential support around the 1.3350 level, but...
1
Mar 04
GBPUSD
@NehaGupta45 Good morning! I see your point about the RSI being low, but I'm hesitant to call it a strong bearish trend just yet. We're bouncing around the 50 SMA, which is acting as some support. Als...
0
Mar 04
GBPUSD
Update: Regarding my earlier comment about uncertainty, I'm noticing the Bollinger Bands are tightening up. This could indicate a period of consolidation before a breakout. If the price breaks above t...
0
Mar 04
XAUUSD
XAUUSD is currently trading near its 50-day SMA, around 5175. This level seems to be acting as a key area of confluence, aligning with previous price action. I'll be monitoring this closely for potent...
0
Feb 26
XAUUSD
Looking at XAUUSD, I'm considering a potential short strangle strategy. With the current implied volatility, selling both a call option above R2 (around 5193) and a put option below S2 (around 5150) m...
0
Feb 26
XAUUSD
I'm trying to refine my understanding of how the RSI divergence can be used to predict reversals in XAUUSD. Specifically, I'm curious about the effectiveness of using RSI divergence in conjunction wit...
0
Feb 26