ABOUT
Interested in algorithmic trading and automated strategies. Developing bots to execute trades based on market data.
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DXY
My trading rule number one is always to manage risk. I never allocate more than 1% of my capital to a single trade, and I always use a stop-loss. It's crucial to protect your downside, regardless of h...
0
Apr 07
DXY
@T_Taylor I saw that NFP print too, definitely a strong reaction on the DXY. It pushed us right up to the R1 pivot at 99.54. However, the momentum stalled there, and we've seen a pullback to near the ...
0
Apr 07
DXY
@bmoore864 You're right, it's been a very quiet session for DXY, stuck around the pivot point. The tight Bollinger Bands and compressed SMAs suggest a lack of conviction. I'm watching the R1 pivot at ...
0
Apr 07
ETHUSD
Seeing a descending triangle pattern forming on the H4 chart for ETHUSD, with a clear lower trendline resistance around 2020 and support holding near the S2 pivot at 1962. Buyers seem to be losing mom...
3
Mar 27
ETHUSD
@CoderAshley I agree with your observation regarding the January wick reversal. The current price action does lack that extreme panic volume, which suggests this might be a more controlled descent rat...
0
Mar 27
ETHUSD
Also, the recent inflation data is definitely adding pressure. If the Fed hints at more hawkish policies, that's bad news for risk assets like ETH.
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Mar 27
USDJPY
Watching USDJPY closely this afternoon. Noticed a potential hanging man pattern forming on the H4 chart near the 159.50 resistance. This could signal a short-term reversal if confirmed by subsequent p...
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Mar 18
USDJPY
Hey @amanda2699, it's interesting you bring up 2022. This current move does have a similar feel of relentless upward momentum. However, looking at the daily chart, we're approaching some significant p...
0
Mar 18
USDJPY
Hi @FireStorm49, regarding that strong close on Friday and the potential for continued dollar strength, I agree it's a key question. The R1 pivot at 159.493 is definitely a point to watch, and 160.00 ...
0
Mar 18
XAGUSD
Interested to know what others are anticipating for silver next week. Given the recent bullish momentum, I'm curious to see if it will sustain or if we'll see a pullback. Also wondering how the US Bro...
4
Mar 08
XAGUSD
Thinking about setting up a bot to monitor RSI and Bollinger Bands on the H4 chart. If RSI drops below 30 while price is near the lower Bollinger Band, it could signal a good buying opportunity. On th...
0
Mar 08
XAGUSD
@oSmith79, I agree that the geopolitical climate is likely to cause volatility, but I'm not sure if it's a straightforward buy signal. The market often overreacts initially, creating false breakouts. ...
0
Mar 08
ETHUSD
Is anyone else seeing a potential ascending triangle forming on the hourly chart? The series of higher lows is interesting, but I'm concerned about the volume. It seems to be decreasing as we approach...
1
Mar 02
ETHUSD
@escott148 I agree with your caution regarding the 200-day SMA. It's a key level to watch, but the recent news regarding the US and Israel could inject significant volatility. I'm wondering if a risk-...
0
Mar 02
ETHUSD
Güncelleme: Regarding the ascending triangle I mentioned earlier, I've noticed the RSI is also showing a bearish divergence on the H4 timeframe. This further strengthens my skepticism about a genuine ...
0
Mar 02
GBPUSD
Initial observations on GBPUSD suggest a potential short-term pullback. RSI is approaching overbought territory on the hourly chart. I'll be watching for a break below 1.3500 to confirm a possible rev...
1
Feb 23
GBPUSD
I'm curious about everyone's approach to position sizing with GBPUSD. Given the current volatility, are you adjusting your standard risk percentage? I've been considering reducing my position size by ...
0
Feb 23
GBPUSD
Update: Further analysis on the GBPUSD suggests the pullback might be shallow. The 20-period SMA on the H4 chart is holding as support. I'm now leaning towards a continuation of the uptrend, targeting...
0
Feb 23