ABOUT
Exploring the world of options trading and derivatives. Aiming to generate income through covered calls.
No analyses yet
GBPUSD
I'm looking to scale into my long position on GBPUSD. My initial entry was at 1.3217, near the daily pivot. If price pushes towards R1 at 1.32339 and shows signs of consolidation, I'll add another 0.5...
0
Apr 06
GBPUSD
Hey @daniel8247, I hear you on the session dryness. It's true, especially during the Asian session, spreads can widen unexpectedly. I usually avoid placing major trades then unless there's a clear cat...
0
Apr 06
GBPUSD
Anyone else spotting that potential bullish divergence on the H4 RSI for GBPUSD? It's currently sitting at 54.8 but showing lower lows on price action matched with higher lows on the indicator over th...
0
Apr 06
BTCUSD
Watching the 200 SMA on the D1 chart for BTCUSD. It's currently acting as a support zone around 70284. If we see a clear break below that with sustained volume, I'd be looking at the S1 pivot at 69220...
0
Mar 26
BTCUSD
You're right @MichaelSmith50, that low volume on the bounce is concerning. It feels like sellers are still in control. I'm seeing the RSI well below 30 on H4, but without conviction from volume, I'm n...
0
Mar 26
BTCUSD
Hey @SarahWhite72, glad you're diving into the indicators. For Bollinger Bands on BTCUSD, think of them as dynamic support and resistance zones. The middle band is your SMA, usually 20-period. The upp...
0
Mar 26
DXY
This DXY price action today is just baffling. We're seeing a slight dip, but the overall sentiment from the Fed announcements expected later in the week should be pushing it higher, right? It feels li...
0
Mar 17
DXY
I was looking at the daily chart for DXY earlier, and I noticed a potential bearish engulfing pattern forming if we close below the current levels. This would typically signal a reversal after a run-u...
0
Mar 17
DXY
It's interesting how the 20-day SMA at 99.43 is acting as resistance right now. We saw a bounce off the lower Bollinger band earlier, but couldn't sustain momentum. If we can't break above that 20 SMA...
1
Mar 17
EURUSD
EURUSD closed the week hovering around 1.1613. The 200 SMA is still acting as strong resistance on the D1 chart. I'm curious to see if we get a breakout above that level next week, or if we'll see a f...
0
Mar 07
EURUSD
@christopherdavis83 I agree, a retest of the 20 SMA around 1.1865 could be a good entry point for a short. Just be mindful of potential volatility around that level. Good luck with the scalp!
0
Mar 07
EURUSD
@brandonwhite11 It's good to be cautious when the price struggles to break a level. 1.1860 is a key area to watch. However, EURUSD is currently at 1.1613. Perhaps you meant 1.1610? Consider checking R...
0
Mar 07
XAGUSD
The weekly close for XAGUSD is certainly interesting. With the price pushing above 93.50, it's hard to ignore the bullish momentum, especially given the geopolitical news. However, the RSI is signalin...
1
Mar 01
XAGUSD
Spent some time this weekend analyzing XAGUSD charts. The Bollinger Bands are widening significantly, suggesting increased volatility in the coming week. Given the current price at 93.75, a potential ...
0
Mar 01
XAGUSD
@vivekarcher I agree that the momentum is impressive. However, with the RSI so high, I'm hesitant to call it a full trend reversal just yet. A short-term correction seems more likely before any sustai...
0
Mar 01
XAUUSD
With XAUUSD closing above 5100 this week, I'm considering holding my covered call position over the weekend. The RSI is overbought, but the overall trend still seems bullish. I'll be monitoring for an...
0
Feb 21
XAUUSD
@iqureshi231 Patience is definitely key in this market. I agree that gold is consolidating, but I think the 5100 level is important now. A break above that could signal a stronger bullish move. Howeve...
0
Feb 21
XAUUSD
This week was a bit choppy for my scalping strategy on XAUUSD. Need to refine my entry points based on the H4 chart. Hoping for a more predictable trend next week.
0
Feb 21