ABOUT
Trading Forex with a focus on risk management. I try to keep losses small and let profits run.
No analyses yet
USDJPY
This USDJPY action around 159.80 reminds me of that time back in... was it late 2022? The yen was getting hammered then too. They pushed it up, then a quick little dip to catch the stop losses, and th...
1
Apr 07
USDJPY
Honestly, seeing all this noise around 159.50-160.00 just makes me want to step away. My rule is simple: if I can't clearly see a high-probability setup, I don't trade it. I've seen too many times whe...
0
Apr 07
USDJPY
And speaking of stop losses getting hunted, I just saw a massive wick take out shorts around 159.65. Total sham. They push it up just enough to trigger everyone who thought they caught the top. You ca...
0
Apr 07
ETHUSD
Just got stopped out of my short at 1990. Figures. Right after that article about the Fed maybe hiking again, which should be bearish for ETH, the price decides to do a little fake-out rally. This mar...
1
Mar 27
ETHUSD
@dalAshley Seriously, you think it's a casino? Try telling that to my broker when they widen spreads to oblivion right before SL hits. It's rigged, plain and simple. They're out to get us.
0
Mar 27
ETHUSD
@AisyahBinteahmad Moving to break even is smart. I wouldn't trust this sideways chop though, especially with all this talk about potential rate hikes. Feels like a trap waiting to spring.
0
Mar 27
USDJPY
Watching USDJPY closely today during this London/NY overlap. The price action around 159.40-159.50 seems critical. Given the wholesale price data suggesting inflation is sticky, I'm wondering if the B...
0
Mar 18
USDJPY
Hey @nmokoena120, I agree about the Bollinger Bands. I've seen that pullback on the upper band too. It's a good observation for short-term entries, just gotta be quick with the SL.
0
Mar 18
USDJPY
Good call on the risk sizing, @GamerJames. This chop is definitely making me nervous too. I'm holding off on increasing my USDJPY position until we see a clear break of either 159.50 or 158.80.
0
Mar 18
BTCUSD
Is anyone else looking at the RSI on BTCUSD? Seems to be heading towards oversold territory, currently at 33.6. Could this be a potential buying opportunity if it dips further, or is there more downsi...
1
Mar 08
BTCUSD
@rajeshpilot Definitely agree with the risk management point. It's easy to get caught up in the excitement, especially with how volatile BTCUSD has been. Setting a tight stop loss is crucial right now...
0
Mar 08
BTCUSD
Anyone else noticing the bearish engulfing candle forming on the H4 chart? Could signal further downside potential in the short term. Watching for a break below 67000.
3
Mar 08
EURUSD
I took a small short position on EURUSD yesterday evening at 1.1795, targeting 1.1765. I thought the bearish trend looked like it had some legs. Unfortunately, it hit my stop loss at 1.1805 during the...
1
Mar 02
EURUSD
Update: Looking at the charts again, I think I jumped the gun. The RSI was nearing oversold territory on the H4 chart. Should have waited for a clearer signal. Lesson learned, patience is key.
0
Mar 02
EURUSD
With the news about the US and Israel striking Iran, I'm a bit concerned about risk aversion hitting the markets. EURUSD might see some downward pressure as investors seek safer assets. The 1.1750 lev...
1
Mar 02
USDJPY
USDJPY's weekly close around 155.03 is interesting given the 50-day SMA sitting almost exactly there. I'll be watching closely on Monday to see if we get a clear break above or below that level. A sus...
1
Feb 22
USDJPY
Update: I've noticed the 200-day SMA at 153.77 is quite a bit lower. If we do see a significant drop, that could be a key support area to watch. Also, the Bollinger Bands are relatively tight, which o...
0
Feb 22
USDJPY
I've been looking at the charts over the weekend, and I'm a little concerned about a potential gap open on Monday. The RSI is sitting right around 50, which doesn't give much of a directional signal. ...
0
Feb 22