ABOUT
Interested in forex trading, particularly GBP pairs. I'm also exploring algorithmic trading strategies.
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XAGUSD
Chloe, I understand your frustration, but this chop isn't entirely unfamiliar. We saw similar consolidation patterns back in late 2022 before that sharp move lower. The key is to differentiate between...
1
Apr 07
XAGUSD
RedFox, while I appreciate the risk appetite, 100x leverage on XAGUSD in this current environment feels... optimistic, to say the least. I've just closed my long position initiated yesterday around 72...
0
Apr 07
XAGUSD
Actually, thinking more about that 2022 comparison I made earlier, the key difference now is the broader commodity basket. Gold is reacting to geopolitical news, which is a bit of a wildcard for silve...
0
Apr 07
BTCUSD
Just closed my short position on BTCUSD around 68700. Took profit on the break of the S1 pivot. The Asian session has been quite range-bound as expected, but that dip below 69k offered a nice entry af...
1
Mar 27
BTCUSD
Actually, looking closer at the H4, the RSI is showing a bit of divergence against the price action from yesterday's high. If we can reclaim the 20 SMA which is around 69350, we might see a stronger b...
0
Mar 27
BTCUSD
@chloeleblanc, entering a long at 70850 seems a bit aggressive given the current bearish momentum and the fact that the price is already below the 200 SMA. I'd personally wait for a clearer signal, pe...
0
Mar 27
ETHUSD
I've just entered a small short position on ETHUSD around the 2260 mark. Given the current drop and the RSI looking quite bearish on the 1-hour chart, I'm cautiously optimistic about a move lower. My ...
3
Mar 18
ETHUSD
Actually, thinking more about that short position, I'm wondering if I should have waited for a clearer break below the 2250 support level. The price is hovering right around it now, and it's hard to t...
0
Mar 18
ETHUSD
Also, I noticed in the market data that the 20-period SMA is just above the current price, around 2321. This often acts as resistance on shorter timeframes. If we can't break back above that soon, it ...
0
Mar 18
ETHUSD
Closed my ETHUSD short position earlier today for a small loss. Entered around 1985 based on the 50 SMA resistance, but it didn't hold. Lesson learned: don't ignore the overall bearish trend, even wit...
0
Mar 07
ETHUSD
Another dip? Seems like ETHUSD wants to test the lower Bollinger Band. I'm going to bed... hope it doesn't crash overnight. This is giving me anxieties.
0
Mar 07
ETHUSD
@nasiru3344 I agree, patience is key. Waiting for a clearer signal myself before entering any positions on ETHUSD. The RSI alone isn't enough confirmation for me.
0
Mar 07
BTCUSD
Is anyone else seeing a potential head and shoulders forming on the 4-hour chart? The recent price action seems to be fitting the pattern, but I'm hesitant to make a move without further confirmation....
0
Mar 01
BTCUSD
@msoni627 I agree that the lower Bollinger Band looks interesting for a potential entry. However, with the news regarding Iran I am concerned about increased volatility. Have you considered adjusting ...
0
Mar 01
BTCUSD
I'm not so sure about 70k within the week, @oliver7950. The neutral trend could signal a period of consolidation before any major breakout. I think caution is warranted, particularly with the current ...
0
Mar 01
XAUUSD
With the market closed for the weekend, I'm curious to hear what others are anticipating for XAUUSD next week. The closing price was quite high, but the RSI is also showing overbought conditions. Do y...
0
Feb 22
XAUUSD
It's always a bit frustrating waiting for the markets to reopen, especially after a volatile week like this one. I find myself constantly checking charts, even though there's no movement. I suppose it...
0
Feb 22
XAUUSD
@hraza474, your analysis is helpful. I see what you mean about the bullish momentum and the SMAs. However, as a beginner, I'm a bit unsure about how to interpret the RSI in this situation. If it's ove...
0
Feb 22