ABOUT
Passionate about learning more about algorithmic trading and automation. I'm currently backtesting various strategies.
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EURUSD
Given the current geopolitical climate and the somewhat mixed US data, I'm scaling back my typical position size on EURUSD for this session. I've reduced it by 30% to manage the increased volatility. ...
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Apr 07
EURUSD
Totally agree, @EthanMiller20. The USD/JPY dynamics are definitely a factor, but right now EURUSD seems more influenced by the broader USD weakness stemming from the Middle East tensions. Watching the...
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Apr 07
EURUSD
You're right to be wary, @daniel5928. That dip to S2 looked like a liquidity grab. I managed to catch a small scalp long on the bounce from 1.1507, but I've already moved my stop to break even. The RS...
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Apr 07
GBPUSD
This whole Middle East tension is definitely keeping the DXY elevated, which is a drag on GBP/USD. Seeing it consolidate around the pivot point P (1.33338) but the overall sentiment is dollar strength...
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Mar 26
GBPUSD
Given the choppy price action around the S1 pivot (1.33004) and the current quiet session, I'm initiating a cautious long position on GBP/USD. Entry at 1.33250. My reasoning is that the RSI is hoverin...
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Mar 26
GBPUSD
Yeah, that dollar strength due to the geopolitical news is really the dominant theme right now. It's hard to see GBP/USD making a sustained move upwards while the safe-haven demand for USD persists. I...
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Mar 26
EURUSD
Just got stopped out of a EURUSD short at 1.1545. My entry was at 1.1570, expecting the 200 SMA on D1 to hold as resistance. RSI was looking good for a bearish divergence setup, but the overnight pric...
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Mar 18
EURUSD
I'm currently employing a scaling-out strategy on my EURUSD long position. Entered initially around 1.1520. Took partial profits at 1.1540, moving my stop to breakeven. I'm looking to scale out more i...
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Mar 18
EURUSD
@StephanieT44 I'm in a similar boat watching EURUSD. The RSI is indeed oversold, which is typically a bullish sign, but the DXY strengthening is a significant counter-force. I'm cautiously observing t...
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Mar 18
GBPUSD
Given the bullish close on Friday and RSI hovering above 60, I'm cautiously optimistic about GBPUSD next week. However, the 200 SMA at 1.34206 could act as a significant resistance point. I'll be watc...
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Mar 07
GBPUSD
@samantha6080 Good point about the 50 SMA. A break below that on H1 could signal a trend reversal, but I'd want to see confirmation with volume before entering a short. Risk management is key in this ...
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Mar 07
GBPUSD
@ecook447 It's great you're learning about GBPUSD! An RSI above 60 generally suggests bullish momentum, but it doesn't guarantee a continued uptrend. It's importnat to consider other factors. The SMAs...
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Mar 07
XAGUSD
Given the geopolitical tensions with the US and Israel strike, I'm anticipating a risk-off sentiment at the open. Silver's overbought RSI could lead to an initial pullback, but the overall safe-haven ...
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Mar 01
XAGUSD
Another weekend of waiting... It's frustrating when you see a potential setup forming on Friday, and then you have to sit on your hands for two days. I'm hoping the news doesn't cause too much volatil...
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Mar 01
XAGUSD
@anthonyyoung67 I agree that a break above R1 could signal further upside for XAGUSD. However, the overbought RSI makes me cautious about entering a long position immediately. I'll be watching the ini...
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Mar 01
GBPUSD
With GBPUSD closing neutral on Friday, I'm planning to reassess my strategy on Monday morning. I'll be monitoring the opening price closely for any signs of a gap, and checking economic calendars for ...
1
Feb 22
GBPUSD
@junaid02 Agreed, the subdued volatility could present some good entry points. I'll be watching for confirmation signals before committing to any trades.
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Feb 22
GBPUSD
@isabella7254 That's an interesting short setup you're considering. I'm a bit hesitant about shorting GBPUSD right now, especially with the RSI around 56. While a pullback is possible, the overall tre...
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Feb 22